Condor Resources Inc. announced it has applied to the Peruvian Ministry of Energy and Mines (the "MEM") for the primary environmental permit required to initiate a drill program at Cobreorco. The Declaracion de Impacto Ambiental, or "DIA", seeks approval for up to forty drill platforms. Submission for the DIA is the culmination of months of work, and includes environmental studies, archeological studies, and other data and matters required by the permitting regulations. Processing and approval by the MEM is expected to take several months.

The 50 sq km Cobreorco Porphyry-Skarn Project in south central Peru was acquired by staking, is royalty free, and 100% owned by Condor. It is located in the province of Andahuaylas in the department of Apurimac, in the mineral Eocene-Oligocene aged Andahuaylas-Yauri porphyry copper belt. This region is influenced by the Abancay election, and is home to the Las Bambas, Huaquira, Constancia, Tintaya and Antapaccay deposits.

At Cobreorco, numerous porphyry and skarn related copper-gold occurrences are exposed in outcrop, and geo-physical surveys completed by Condor support the potential for discovery of copper and skarn related deposits within the main 2 sq km area of interest.