Near Permitted Gold Project in Nicaragua
Condor Gold is close to permitting their 2.3+ million ounce gold project located in a major gold district in Nicaragua
Condor Gold PLC is a UK based exploration company. Currently, its focus is on proving a large commercial reserve on La India Project in Nicaragua.
The company owns 100% of the property that is showing lots of new targets in the major district. According to NI 43-101 of September 2014 the asset has 1,08 million oz of gold indicated and 1,23 million oz of gold inferred.
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.
Furthermore, Condor’s management team have extensive experience in mineral exploration, project development and project financing. Consequently, the company has the best possible opportunity to achieve exploration success, therefore positioned to lead La India Project through to a bankable feasibility study.
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