Condor Gold plc said that its latest drill results were highly encouraging at the La India project in Nicaragua.
The miner added that the results, which showed two significant intercepts, also added considerable confidence to the company’s geological model, mineral resource and reserve calculation as well as the mine plan.
Condor has completed the first 40 drill holes for a combined 2,170 metres at the La India starter pit infill drilling programme.
A total of 25 drill holes, four of which have twinned existing reverse circulation (RC) drill holes, for a combined 1,273m were completed on the Northern starter pit.
Condor said that drilling was nearly finished on the Southern starter pit, with 15 holes for 897m completed.
Results for a total of six drill holes located at the northern end of the Northern starter pit include:
LIDC406 intersected 17.90 m (17.4 m true width) at 3.27 g/t gold from 24.55 m drill depth, including both
i. 4.45 m (4.3 m true width) at 4.20 g/t gold from 24.55 m drill depth, and ii. 9.35 m (9.1 m true width) at 4.20 g/t gold from 33.90 m drill depth, including 2.1 m @ 15.13 g/t
LIDC412 was drilled approximately 50m along strike to the southwest of LIDC406 where the mineralisation merges to form one single main mineralised structure.
This hole returned a drill intercept of 7.65m (7.5 m true width) at 3.55 g/t gold from 19.00 m drill depth which is consistent with the geological model.
The results for the two drill holes add to those of LIDC404 and LIDC405 which only tested the footwall part of the main mineralised structure.