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ACRC Signs MOU With GEA Mining

September 1, 2020


American Condor Resources Corporation (“ACRC” or the “Company”) announced today the signing of a Memorandum of Understanding “MOU” with GEA Mining Ltd. (“GEA”), a Peruvian based late stage base and precious metals mine production company.


Martin Gallon, ACRC Chief Geologist, stated: “GEA represents a unique opportunity to participate in the funding of a permitted 500 ton per day operation with the ability to produce three products as they are configured with floatation, gravity and cyanide leach capacities to produce copper concentrate, gold and silver dore bars and gold and silver activated carbon.” Both parties agreed to not disclose final financial arrangements prior to closing of a transaction between ACRC and GEA.


ACRC is planning strategic North and South American corporate expansion by partnering with an alternative metals capital provider to participate in the base and precious metals sectors by utilizing both debt and equity to invest in the appreciating markets. Please visit www.amcondor.com


For further information, please contact:


American Condor Resources Corporation Christopher Werner, Chief Executive Officer Tel: (920) 207-0100 Email: c.werner@amcondor.com 




Administration

American Condor Resources

8400 E. Prentice Ave, Ste 1360

Denver, Colorado 80111 - USA

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