(MENAFN- ProactiveInvestors - Australia) Condor Blanco Mines (ASX: CDB) shares have climbed to an intra-day high of $0.10 today, marking an 82% increase over the $0.055 closing price on 7 September 2012 and earning the company a price and volume query from the ASX.
The company responded saying it is not aware of any material information that has not been disclosed to the market, which may explain the sudden investor interest.
Nearly 15 million shares were traded today alone.
Condor announced earlier in the week its priority is to seek joint venture partners to further develop its copper assets, as well as identify further potential joint venture partners for its gold-silver epithermal assets in northern Chile.
The company's projects lie in the highly prospective and renowned Maricunga Belt of northern Chile.
Condor is also moving forward with developing its 50% interest in the Marianas iron tailing project with the aim to source earnings within the next six to 12 months.
The Marianas project is set to replace anticipated earnings from the company's small scale copper production assets, Victoria-Cautiva and Fenix, which Condor is in the process of divesting.
Condor Mines completed substantial exploration across the properties allowing them to be bundled as a suitable package for a mining oriented junior or private player.
Several private Korean and Chinese firms have expressed interest and are continuing to undertake due diligence.
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