Condor Gold PLC (AIM:CNR, TSX:COG, FRA:W5XA, OTC:CNDGF) (AIM:CNR) said it received all assay results from its drilling programme in the La India starter pit, part of the La India project in Nicaragua, and met its key objectives.
The highlight from the latest results was drill hole LIDC464, which returned 6.6 metres at 10.51 grammes a tonne (g/t) gold from about 10 metres below the Northern Starter Pit.
The 3,370-metre drilling programme consisted of infill drilling and the replacement of historical reverse circulation (RC) drill holes with diamond drilling.
“This has been a very successful drill programme and achieved a number of key objectives,” said chairman and chief executive Mark Child.
The four objectives were to tighten the drill hole spacing within high-grade starter pits; to provide the sample density required to finalize pit designs and mine schedules ahead of production; to replace all historical RC drill holes to improve the integrity of the geological model and sample quality; and to target nearby inferred resources to potentially upgrade the target to an indicated level.
The starter pits are now “shovel ready”, within 35 metres of surface and will provide early high-grade mill feed for the recently purchased SAG Mill, said Child.