Condor Resources achieves key milestone with DIA approval for Cobreorco Project in Peru

Proactive - Interviews for investors

Condor Resources CEO Chris Buncic joined Steve Darling from Proactive to share a major development for the company’s Cobreorco project in Peru. The Peruvian Ministry of Energy and Mines has officially approved the Declaración de Impacto Ambiental (DIA)—a crucial milestone that clears the way for upcoming exploration activities on the promising gold-copper project. The DIA approval represents a significant regulatory step forward and signals strong institutional support for responsible mineral development in the region. The permitting process for Cobreorco is being advanced by a subsidiary of Teck Resources Limited, one of the world’s leading mining companies. Buncic emphasized that this collaboration is a key asset for Condor, positioning the company to benefit from any exploration success in a cost-effective, risk-mitigated manner. The Cobreorco project is targeting gold-copper skarn and porphyry-style mineralization, both of which are known for hosting large, economically viable deposits. Condor Resources entered into an option and joint venture agreement with Teck, under which Teck can earn a 75% interest in the project over three years. To do so, Teck must fulfill specific conditions, including US$10 million in exploration expenditures and US$1,000,000 in cash payments to Condor. Buncic noted that with the DIA approval now in hand, the project is well-positioned to advance toward active exploration, potentially unlocking significant value for both parties. He expressed optimism that the involvement of Teck, coupled with the geological potential of the project, creates a compelling opportunity for future discovery. #proactiveinvestors #condorresourcesinc #tsxv #cn #MiningUpdate #PucamayoProject #Cobreorco #TeckResources #PeruMining #CopperExploration #GoldExploration #MiningNews #JuniorMining #DrillingPermit #PorphyrySystem #ScarnDeposit #MiningInvestment #ProactiveInvestors