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 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.
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