Notice of AGM

RNS Number : 3596W

Condor Resources PLC

10 June 2008

 



Condor Resources Plc 1 Warwick Row London SW1E 5ER  Telephone [phone]  Fax: [phone]

10th June 2008

CONDOR RESOURCES PLC

('Condor' or 'the Company')

Annual Report & Accounts for the Year Ended 31 December 2007

Notice of AGM

The Company posted its Annual Report & Accounts for the year ended 31 December 2007 to shareholders on 9 June 2008. Copies of the accounts will be available on the Company's website at www.condorresourcesplc.com and free of charge at the offices of the Company Secretary, Mr Chris Putt, at 6 New Street Square, London EC4A 3LX.

The Directors have also convened the Annual General Meeting ('AGM') of the Company for Tuesday 1 July 2008 at 10am at the offices of Condor Resources PLC, Level 9, 1 Warwick Row, London SW1E 5ER. A notice of meeting and a proxy card have been posted to shareholders with the Annual Report & Accounts.

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For further information:

Condor Resources Plc	Mark Child, Chairman  [phone]	Nigel Ferguson, CEO [phone]
Nabarro Wells & Co. Limited	Hugh Oram [phone]
Mirabaud Securities Limited	Rory Scott [phone]
Farm Street Media	Simon Robinson +078 8798 5671

About Condor Resources Plc:

Condor Resources Plc was admitted to AIM on 31st May 2006 raising £4.9m. Condor is a mineral exploration company focused on El Salvador and Nicaragua. The Company has 100% ownership of four licenses in two project areas in El Salvador. It withdrew from the El Potosi project in 2007. Condor also has four 100% owned licences and the option to earn an 80% interest in a further four licences contained within four project areas in Nicaragua.

An independent competent person's report prepared by Ravensgate and included in the Company's Admission Document stated JORC compliant resources of 354,500 ounces of gold and 18.3 million ounces of silver. Subsequent mineral resource calculation statement in December 2006 by Ravensgate, and in January 2008, February 2008 and May 2008 by Geosure, has raised the combined global resource estimates as defined by JORC Code standards to some 891,000 oz gold and 22.3 Moz silver within two project areas. 

The Company's objective is to prove up significant gold and silver resources of between 1 to 2 million ounces of gold and 30 to 50 million ounces of silver to JORC reportable standards. The Company intends to continue to drill test targets within its Project areas as required by each prospect. Drilling is expected to commence in El Salvador upon granting of the necessary Environmental Permits by the Ministry of Environment. Drilling currently continues with two drill rigs on two projects areas in Nicaragua.

 

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