Condor Gold on track to production at La India gold deposit

Condor Gold is listed on the AIM market, ticker CNR and the TSX ticker COG and is operating in Nicaragua. The Company has the key Environmental Permit to construct and operate a 2,800tpd mine producing approximately 100,000 oz gold per annum from 3 open pits. Condor Gold currently has a high-grade gold mineral resource of 2.33M oz gold at 4.0g/t gold of which 1.12M oz gold open pit mineral resources are permitted for production.

(, , ) announced the completion of an in-fill drilling programme on the high-grade La Mestiza Open pit, part of its La India project in Nicaragua.

It expects results from the drilling to be used to upgrade the existing open pit resource to the more confident indicated category for the potential inclusion in future pre-feasibility or feasibility studies of the La India project.

The open pit is estimated to contain 36,000 ounces of gold in the indicated category and 85,000 ounces in the inferred category.

“The completion of 8,004 m of infill drilling on the fully permitted La Mestiza Open pit is another milestone achieved in de-risking the La India project ahead of production,” said chairman and chief executive Mark Child.

(, , ) said it expects to publish a Feasibility Study (FS) for its La India project in Nicaragua in the first quarter of next year and provided an update on the progress made so far.

The study is being conducted on La India Open Pit and associated mine site infrastructure.

Condor Gold PLC (AIM:CNR, TSX:COG, FRA:W5XA, OTC:CNDGF) said the latest results from in-fill drilling at the Mestiza open pit at its La India gold project in Nicaragua showed good continuity in mineralisation between adjacent drill holes in the high-grade zones.

The total drilling programme on Mestiza Open Pit is approximately 7800 metres with 2 drill rigs operating on the site. The drilling should be completed within 6 weeks.

It’s been remarkable to watch the evolution of Condor Gold PLC (LON:CNR)(TSE:COG) over the past few years.

The cornerstone of the company was an inspired piece of deal-making with B2Gold (TSE:BTO) 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.

(, , )’s ()() Mark Child joins Proactive London to talk about their expectations to publish the Feasibility Study (FS) for its La India project in Nicaragua in the first quarter of next year.

He talks through the progress made so far with work is well underway with supporting field and testing studies nearing completion for the final mine design to begin in November 2021.

He says there are ‘no fatal flaws’ as the project nears shovel ready status.