Condor Gold’s Project to Produce 100K Ounces of Gold Per Annum
Condor Gold Plc is focused above all on the La India project in Nicaragua. With 2.3 million ounces of gold at 4 grams. And we’re close to permeating our 100K ounces per annum plant. Also proving a major gold district to 4 to 5 million ounces.
A UK based AIM and TSX-listed exploration company. Focused on proving a large commercial reserve on its 100% owned La India Project in Nicaragua.
At 30th September 2014 La India Project’s resource. Prepared in accordance with NI 43-101, comprised an indicated mineral resource of 9.6Mt at 3.5g/t for 1.08M oz gold. And an inferred mineral resource of 8.5Mt at 4.5g/t for 1.23M oz gold.
This included total probable reserve of 6.9MT at 3.0g/t for 0.675M oz gold. And 5.5 g/t for 1.185 M oz silver. In addition to the La India Resource, there is further resource prepared in accordance with CIM standards. Of 0.7Mt at 3.5g/t for 87k oz gold in the inferred category.
Condor’s management team have extensive experience in mineral exploration, project development and project financing. Ensuring that the Company has the best possible opportunity to achieve exploration success. And take La India Project through to a bankable feasibility study.
The Company was successfully admitted to the London Stock Exchange, AIM Market, on 31st May 2006. With secondary trading commencing on the TSX on 15th January 2018.
Drilling and mineral resource statement
From 2011 to August 2017 Condor drilled 397 drillholes for circa over 59,000m. And over 18,000m of trenching.
This data was combined with the historic exploration and mining data. And included in the latest mineral resource estimate. As set out above and completed by independent geologists at SRK Consulting (UK) Ltd. Announced in November 2013 and updated as part of the Pre-Feasibility Study (‘PFS’) in September 2014.
The current mineral resource estimate is contained within a 9km radius within the La India Project area.
Mineral Resource Statement was prepared in accordance with NI 43-101 by independent geological consultants SRK (UK) Ltd. And signed off by SRK’s Ben Parsons. A Competent Person as defined by the CIM Code.
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