Huinac Punta - A detailed ground geophysical survey has been completed at Huinac Punta, with field work concluding late last week. An Induced Polarization ('IP') survey consisted of approximately 16 line kilometers, comprised of 8 lines, each 2km in length, line spacing at 100m, with polo-dipole spacing of 50m. The IP survey was designed to assist in defining the geometry of a postulated carbonate replacement system ('CRD') system, and to compliment data obtained from a 35 line-km magnetic survey conducted on the project in August. The primary objective of the combined geophysics programs is to prioritize targets for a maiden diamond drill program, scheduled for the first half of 2021. The Company received a Declaracion de Impacto Ambiental ('D.I.A.') for this project in July and has filed its Initiation of Activities.
Cobreorco - In early November, Condor applied to INGEMMET (a branch of the Peruvian Ministry Energy & Mines) for an additional 30 sq km of concessions adjoining its core 100% owned concessions. The Company was successful in securing an additional 4 sq km of requested area contiguous to the existing property. In addition, the Company added two other areas, each one square kilometer in size, both of which are separate from each other and from the existing core concessions. The remaining 24 sq km of concessions applied for were subject to applications by others, and ownership will be determined by a sealed bid auction conducted by INGEMMET at some future undetermined date. Preliminary discussions have commenced with the local community. Community acceptance to Condor's proposed work program will be the first step in preparing our D.I.A. (drill permit) application. As noted in the Company's
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