Condor Resources Inc. provided a detailed description and update of Cobreorco Porphyry- Skarn Project, a copper-gold prospect in south central Peru. Cobreorco is a 47 sq km project acquired by staking, is royalty free, and 100% owned by Condor, located in the province of Andahuaylas in the department of Apurimac, in the prolific Eocene-Oligocene aged Andahuaylas-Yauri porphyry copper belt. This region is influenced by the large Abancay deflection, and is home to the Las Bambas, Huaquira, Constancia, Tintaya and Antapaccay deposits.

An exposed porphyry with intense stockwork and alteration, along with outcroppings of skarn-gossan with massive magnetite-iron oxide, and other calcsilicate minerals that have been exploited on a small scale by artisanal miners, led to interest in this area. Numerous porphyry and skarn related copper-gold occurrences are exposed in outcrop, and in small scale artisanal workings within the main 2 sq km area of interest. A high portion of surface rock samples contained anomalous copper and gold values: 32% contained greater than 1000 ppm copper, and 44% contained greater than 100 ppb gold.