Condor Gold on track to production at La India gold deposit

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  • Condor Gold achieves key objectives with drilling programme at La India starter pit
  • Condor Gold looks to finance La India early next year, and may by then be supported by cash flow from toll-treated ore
  • Condor Gold reveal ‘encouraging intercept’ with higher-than-expected gold grades at La India project
Condor Gold PLC

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Condor Gold Plc is an exploration company focused on developing and further proving a large commercial reserve on its 100% owned La India Project in Nicaragua.

The company received an environmental permit in August 2018 for the development, construction and operation of a processing plant with a capacity of up to 2,800 tonnes per day and associated mine site infrastructure at La India.

Initial site preparation began in December 2020 at the location of the processing plant facility. The work includes the main plant access road from a regional paved highway to the processing plant, in-plant roads and a bypass road.

19 Aug 2021

(, , , ) () 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.

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11 Aug 2021

(, , , ) () highlighted the progress made on its La India project in Nicaragua alongside its interim results.

“Condor made significant advances during the 6-month period at the fully permitted La India project,” said chairman and chief executive Mark Child.

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21 Jul 2021

(LON:CNR, ) said it intercepted higher-than-expected gold grades at La India Starter Pits within the La India project in Nicaragua.

The AIM-listed company said it was particularly encouraged by two high grade, wide intercepts between the two starter pits in an area previously interpreted as having lower grade gold mineralisation.

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06 Aug 2020

It’s been remarkable to watch the evolution of ()() over the past few years.

The cornerstone of the company was an inspired piece of deal-making with B2Gold () undertaken by chief executive Mark Child, and from that an asset base has been built up to the point where Condor has more than two million resources ounce in the ground as part of an emerging five million ounce district play, projects that are fully permitted for production, and a decision to mine increasingly imminent.

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30 Jul 2021

(, , , ) (LON:CNR, ) is analysed by Mining Capital’s Alastair Ford this week after intercepting higher-than-expected gold grades at La India Starter Pits within the La India project in Nicaragua.

The firm was encouraged by two high grade, wide intercepts between the two starter pits in an area previously interpreted as having lower grade gold mineralisation.

Ford says the company is ‘ticking all of boxes right now’ with ‘grades that were strong and over a reasonably good long distance’.

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Condor Gold reveal ‘encouraging intercept’ with higher-than-expected gold…

Condor Gold PLC (AIM:CNR, TSX:COG, FRA:W5XA, OTC:CNDGF) (LON:CNR, TSX:COG) is analysed by Mining Capital’s Alastair Ford this week after intercepting higher-than-expected gold grades at La India Starter Pits within the La India project in Nicaragua.

The firm was encouraged by two high grade,…

2 weeks, 6 days ago

3 min read

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