Condor Gold on track to production at La India gold deposit

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.

(, , , ) said assays from drilling at the Cacao prospect in Nicaragua identified a gold vein system over 1,000m long and 10m wide.

Fifteen drill holes of 3,500m in total were drilled to test if near-surface gold mineralisation at Cacao is the top of a fully preserved epithermal gold system, the exploration company said.

Condor also wanted to assess if the gold mineralisation extended beyond a 450m long outcrop where drilling had been concentrated to date.

Both objectives were achieved, it said, with a wide zone of high-grade gold mineralisation intercepted below the current mineral resource and a wide low-grade gold anomaly identified along the strike of the outcropping mineralisation.

(, , , ) appointed Jair Diaz Navarro as a senior mining engineer to work at its fully permitted La India project in Nicaragua.

Diaz is a mining engineer with over 10 years’ experience in mine planning and operation. His has worked at Barrick Gold’s Cortez mine, Gran Colombia Gold’s Segovia underground operations and for () at is Haile Mine.

(, , , ) said a technical study on its La India gold project in Nicaragua confirmed the viability of two possible routes to production.

SRK Consulting (UK) produced the strategic mining study to the preliminary economic assessment standard and assessed scenarios of just open pit mining and an alternative of open pit plus an underground operation.

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.

(, , , ) (AIM:CNR, TSX:COG, FRA:W5XA, ) () Mark Child joins Proactive London to talk about their ‘very successful drill programme’ at La India project in Nicaragua.

All the assay results from the starter pit, part of the La India project in Nicaragua 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.