Press Releases http://www.elcondorminerals.com Sat, 25 May 2013 11:23:20 +0100 FeedCreator 1.7.3 http://www.elcondorminerals.com/images/M_images/joomla_rss.png http://www.elcondorminerals.com Press Releases http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=57&Itemid= El Condor Minerals Inc. (“El Condor” or the “Company”) is pleased to announce that it has completed its previously announced $2,000,000 financing (the “Financing”).  $733,500 of the Financing was completed pursuant to a non-brokered private placement of 14,670,000 common shares at a price of $0.05 per common share (the “Equity Financing”).  The sole subscriber in the Equity Financing was Sheridan Platinum Group Ltd. (“Sheridan”) who, as a result of the Equity Financing, is now an “insider” of the Company pursuant to applicable securities laws. The remaining amount of the Financing was completed by way of debt financing (the “Debt Financing”).  $866,500 of the Debt Financing was advanced under a non-convertible loan granted by Sheridan, and $400,000 was advanced under a convertible... Tue, 12 Feb 2013 16:49:10 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=56&Itemid= El Condor Minerals is pleased to report that it has arranged debt financing of an aggregate $2,000,000 by way of convertible loans to the Company.  Each of two concurrent convertible loans are for a term of five years, bear interest at a rate of 5% per annum, payable quarterly, and will be secured against the assets of the Company.   The proceeds from the financing will be used to retire the Company’s current $2,000,000 debt, which is due and payable on December 31, 2012.All or a portion of the principal amount of the loans will be convertible for common shares in the Company at the price of $0.10 per common share, in whole or in part at the lender’s option, at... Fri, 21 Dec 2012 00:00:00 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=54&Itemid= El CONDOR INTERCEPTS 18.1 METERS 0.87% Cu 0.31% NI IN SW HOLES El Condor Minerals Inc. (“El Condor” or the “Company”) is pleased to announce the analytical results from a third and final portion of the twelve-hole, 2,037 meter diamond drilling program at its Horden Lake property completed during the 2012 winter drilling program.  The drilling program was designed to provide metallurgical samples for preliminary processing work and to test for expansion of resources to the northeast and southwest of the known mineralization and resource.  Analytical results reported in this release are from four holes completed to the southwest of the known resource, along two drill sections 150 and 200 meters south of the drilling completed in 2008 by... Thu, 24 May 2012 15:37:14 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=52&Itemid= EL CONDOR IN-FILL DRILLING INTERSECTS 26.9 METERS 2.19% CU 0.58% NI El Condor Minerals Inc. (“El Condor” or the “Company”) is pleased to announce the analytical results from a second portion of the twelve-hole, 2,037 meter diamond drilling program at its Horden Lake property, completed during the 2012 winter drilling program.  The drilling program was designed to provide metallurgical samples for preliminary processing work and to test for expansion of resources to the northeast and southwest of the known mineralization and resource.  Analytical results reported in this release are from four holes completed within the known resource area, which will provide mineralized material for metallurgical test work.Analytical results from the four internal drill holes are summarized in Table 1.2. ... Tue, 15 May 2012 15:50:38 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=51&Itemid= El Condor intersects 15.8 meters 1.75% Cu 0.36 % Ni in first step-out holes El Condor Minerals Inc. (“El Condor” or the “Company”) is pleased to announce the analytical results from a portion of the twelve-hole, 2,037 meter diamond drilling program at its Horden Lake property, completed during the 2012 winter drilling program.  The drilling program was designed to provide metallurgical samples for preliminary processing work and to test for expansion of resources to the northeast and southwest of the known mineralization and resource.  Analytical results reported in this release are from four holes completed to the northeast of the known resource, along a section 50 meters north of the drilling completed in 2008 by Southampton Ventures Inc. Copper-nickel-precious metal... Tue, 08 May 2012 15:45:28 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=50&Itemid= EL CONDOR ACQUIRES GLITTER LAKE PROPERTY OPTION El Condor Minerals Inc. (“El Condor” or the “Company”) is pleased to announce that it has entered into an agreement with Pacific North West Capital Corp. (TSX: PFN) (the “Vendor”) by which the Company has the option to earn a 100% interest in the Glitter Lake Property in the James Bay lowlands region of Quebec.   The 1,008-hectare Glitter Lake Property is comprised of sixty-three claims in two separate blocks, with fifty-four claims northeast of and adjacent to the Company’s Horden Lake deposit claims and an additional nine claims southwest of the Horden Lake deposit along structural/geologic trend.  The northeastern Glitter Lake claim block will conjoin the Company’s 122-hectare Horden Lake deposit claim block and... Wed, 02 May 2012 12:48:50 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=49&Itemid= EL CONDOR COMPLETES WINTER DRILL PROGRAM   El Condor Minerals Inc. (“El Condor” or the “Company”) announces completion of 12 diamond drill holes at its Horden Lake Project totaling approximately 2,036 meters.  The drilling program was designed to generate sufficient volumes of mineralization for preliminary metallurgical test work and to expand the strike length of the copper-nickel-precious metal zone. The project manager halted drilling once sufficient sample was obtained for the metallurgical program and spring conditions began to hamper access. Drill core is being logged and split at the winter camp.  The core is transported to a core storage facility in Matagami, from which the metallurgical samples will be shipped to a preferred testing lab.  The field crews have already shipped samples from... Thu, 22 Mar 2012 12:46:54 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=48&Itemid= El Condor Completes Private Placement Financing El Condor Minerals Inc. (“El Condor” or the “Company”) is pleased to announce that it has completed the private placement of 2,000,000 Units in the capital stock of the Company at a price of $0.15 per Unit for gross proceeds of $300,000, as announced on February 21, 2012.  Each Unit is comprised of one common share and one-half of one share purchase Warrant, with each whole Warrant entitling the holder to acquire an additional common share at a price of $0.25 per share for a period of one year.  The proceeds of the financing will be used for general working capital and corporate purposes.  No finder’s fees were paid in connection with the private placement. ... Thu, 08 Mar 2012 21:27:10 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=47&Itemid= EL CONDOR MOBILIZES CAMP CONTRACTS SECOND DRILL FOR HORDEN LAKE, COMPLETES NEMISCAU ACQUISITION ENGAGES PARADOX FOR INVESTOR RELATIONS   El Condor Minerals Inc. (“El Condor” or the “Company”) is pleased to report the initiation of camp construction and the expansion of its 2012 winter drill program at its Horden Lake Cu-Ni property in Quebec.  The Company has now contracted a second drill to work the property and will look to expand the areal coverage and meterage for the program, which the Company is expecting to initiate within days.The Horden Lake exploration camp is currently being constructed by Expedition Camp Service and Logistics of Cochrane, Ontario.  Upon completion, Expedition will assume a camp management role, ensuring communications, supplies and... Wed, 22 Feb 2012 01:22:19 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=46&Itemid= EL CONDOR APPOINTS QUEBEC PROJECT DEVELOPMENT MANAGER   El Condor Minerals Inc. (“El Condor” or the “Company”) in pleased to announce the appointment of Donald Baker, PhD, PGeo, as its Project Development Manager for the Horden Lake Copper Project, Quebec.Dr. Baker has 34 years of experience in the exploration, management and evaluation of mining and exploration projects.    He has held senior management and executive positions with a number of major companies including Royal Gold, one of the premier royalty companies, Homestake Mining, now a part of Barrick Gold, and Climax Molybdenum Company (AMAX, Inc), now part of Freeport McMoran.   Dr. Baker is a specialist on mining due diligence/opportunity analysis, finance and economics, and senior project management. He has worked extensively on exploration... Tue, 07 Feb 2012 15:42:52 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=45&Itemid= EL CONDOR LAUNCHES 2012 WORK PROGAM AT HORDEN LAKE COPPER PROJECT, QUEBEC El Condor Minerals Inc. (“El Condor” or the “Company”) in pleased to announce the initiation of its 2012 work program at its advanced exploration stage copper project at Horden Lake, Quebec.Horden Lake, Quebec - Metallurgical Sampling and Resource Expansion ProgramThe Company is pleased to announce the launch of Phase 1 of its multi-phase 2012 work program. Phase 1 consists of drilling a minimum of 3,000 meters to collect metallurgical samples for the planned engineering and optimization studies and to expand the current resource at Horden Lake.  Similar to the 2008 drill program on which the Company’s NI 43-101 resource report is based, much of the current drilling is designed... Tue, 31 Jan 2012 00:00:00 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=44&Itemid= EL CONDOR COMPLETES ESCROWED CLOSING OF HORDEN LAKE PROPERTY ACQUISITION   El Condor Minerals Inc (“El Condor” or the “Company”) is pleased to announce that it has closed, in escrow, its transaction with Quetzal Energy Ltd. (“Quetzal”) (TSXV: QEI) whereby El Condor will acquire Quetzal’s interest in the Horden Lake Property, a copper-nickel property with precious metal credits located in the Province of Quebec, approximately 200 kilometres north of Mattagami, Quebec. All of the documentation, including the cash and share consideration, necessary to complete the transaction has been deposited with the escrow agent appointed by the parties. The transfer documents for the Horden Lake mineral claims are being deposited for registration with the Registrar of Mining Titles in Quebec. Upon confirmation that... Mon, 19 Dec 2011 00:00:00 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=43&Itemid= EL CONDOR COMPLETES PRIVATE PLACEMENT FINANCING   El Condor Minerals Inc. (“El Condor” or the “Company”) is pleased to announce that it has completed the private placement of 11,666,667 flow-through units (“FT Units”) and 10,000,000 non-flow through units (“NFT Units”) of the Company for gross proceeds of $2, 750,000.  Each FT Unit is comprised of one flow through common share and one-half of one share purchase warrant (“FT Warrant”).  Each NFT Unit is comprised of one common share and one-half of one share purchase warrant (“NFT Warrant”). Each whole FT Warrant entitles the holder to acquire an additional common share at a price of $0.25 per share for a period of one year, and each whole NFT Warrant entitles the holder to... Fri, 02 Dec 2011 00:00:00 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=42&Itemid= EL CONDOR PROVIDES HORDEN LAKE ACQUISITION FINANCING UPDATE   VANCOUVER, Nov. 23, 2011 /CNW/ - El Condor Minerals Inc. ("El Condor" or the "Company") is pleased to provide the following update on the Company's financing activities and on the acquisition of the Horden Lake Copper Deposit in Quebec.Final submissions to the TSX Venture Exchange have been made respecting both the Horden Lake acquisition ("Acquisition") and the private placement financing ("Financing").  Further to the Company's news release dated November 17, 2011, the Company will now purchase the Horden Lake Copper deposit from Quetzal Energy Ltd. (TSXV: QEI) for $4 million, comprised of $2 million in cash obtained through a secured credit facility, and $2 million in shares of the Company, issued... Wed, 23 Nov 2011 00:00:00 +0100 http://www.elcondorminerals.com/index.php?option=com_content&task=view&id=41&Itemid= EL CONDOR APPOINTS HIGHSMITH TO BOARD OF DIRECTORS, PROVIDES HORDEN LAKE ACQUISITION UPDATE   El Condor Minerals Inc. (“El Condor” or the “Company”) is pleased to announce the appointment of Mr. Patrick Highsmith as a director of the Company and to provide an update on the acquisition of the Horden Lake Copper Deposit in Quebec and the Company’s financing activities. Appointment to the BoardCurrently a member of the El Condor Advisory Committee, Patrick Highsmith has over 20 years of multi-commodity minerals industry experience from more than 200 mines and projects around the world.  He has been directly involved with numerous deals, project start-ups, and financings, and has held positions in mining, exploration, and business development with Rio Tinto, BHP Billiton, and Newmont Mining. ... Thu, 17 Nov 2011 14:27:17 +0100