Operator

Compañia Minera Casapalca / Condor Resources Inc.

Terms

1.5% NSR

Acquisition Date

N/A

The Chavin project covers an area of eight sq km within the Cordillera Negra mineral belt in north Central Andes, Peru. Chavin is located approximately 70 km NW of the Pierina gold-silver mine operated by Barrick Gold Corporation, in the Ancash Department, Peru.

The Chavin concessions cover a major polymetallic massive sulphide vein system which has been exploited on a small scale at various times since the colonial era. The principal vein has been traced over 1000 metres averaging 2 to 5 metres in width. Rock chip channel samples over a length of 3 to 5 metres across the principal vein have returned polymetallic values from negligible to a maximum of 13.9 g/t Au, 1,645 g/t Ag, 25.7% Pb, 10.7% Zn and 0.2% Cu. These results indicate potential for the discovery of high grade 'bonanza-style' mineralization within this principal vein system. Quartz-vein stockwork within the host intrusive with quartz-biotite-iron sulphides is also anomalous in copper and molybdenum, with evidence of skarn in contact zones, and will be evaluated for epithermal precious metals and porphyry/skarn mineralization.

For more information refer to www.condorresources.com.