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Condor Resources Inc. – (“Condor” or the “Company”) (TSX.V: CN) is pleased to provide the summary drill results from the ongoing diamond drill program at the Soledad project in the Ancash Department, Peru. As quoted in the press release: Further to our news release of October 6th, results of the third, fourth, and fifth drillholes completed by …
Condor Resources Inc. – (“Condor” or the “Company”) (TSX.V: CN) is pleased to provide the summary drill results from the ongoing diamond drill program at the Soledad project in the Ancash Department, Peru.
As quoted in the press release:
Further to our news release of October 6th, results of the third, fourth, and fifth drillholes completed by Chakana Resources S.A.C. were published today in a press release issued by Remo Resources Corp. (“Remo”). In a news release issued October 6th, 2017, Remo disclosed the proposed reverse takeover of Remo pursuant to an amalgamation agreement with Chakana Copper Corp (“Chakana”), as well as the results from the first and second drill holes.
Chakana has the option to earn a 100% interest in Soledad, subject to a 2% net smelter return royalty in favour of Condor, by completing 12,500m of diamond drilling, making cash payments to Condor totalling US $5.375m, and issuing 500,000 Chakana shares to Condor.
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