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Investegate |Condor Gold PLC Announcements | Condor Gold PLC: Results of Annual General Meeting


 
Condor Gold plc was admitted to AIM in May 2006 and dual listed on the TSX in January 2018. The Company is a gold exploration and development company with a focus on Nicaragua.
 
In August 2018, the Company announced that the Ministry of the Environment in Nicaragua had granted the Environmental Permit ( EP ) for the development, construction and operation of a processing plant with capacity to process up to 2,800 tonnes per day at its wholly-owned La India gold project ( La India Project ). The EP is considered the master permit for mining operations in Nicaragua. Condor Gold published a Pre-Feasibility Study ( PFS ) on the project in December 2014, summarised in the Technical Report, as defined below. The PFS details an open pit gold Mineral Reserve in the Probable category of 6.9 Mt at 3.0 g/t gold for 675,000 oz gold, producing 80,000 oz gold per annum for 7 years. La India Project contains a Mineral Resource of 9,850 Kt at 3.6 g/t gold ....

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Condor Gold Plc confidence boosted further as La India starter-pits unearth high grade drill results


Condor Gold confidence boosted further as La India starter-pits unearth high grade drill results
The plan is to quicken the mine s payback period by prioritising the high-grade starter-pits at La India.
Condor Gold PLC (LON:CNR, TSX:COG) has completed a programme of infill drilling at the La India mine’s starter-pits ahead of a phased development in Nicaragua where the company seeks to boost the economics of early production.
Two starter pits were tested with drill holes in the programme. A total of 44 diamond-core drill holes were drilled for some 2,290 metres.
Results are already in for 29 holes and they confirm high grades. It supports and, significantly, adds confidence to the group’s geological model for the mine project. ....

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