Metals & Minerals News

Condor Gold intercept backs Cacao potential

Posted on Author editorial Comment(1)

Condor Gold plc announced the best drilling intercept to date from the Cacao prospect at the La India project in Nicaragua.

Figure 2: Geological map with the inferred Cacao-Santa Barbara Vein (Condor Gold)

The drill intercept of 25.93m (14.9m true width) at 3.94g/t gold from 263.82m, including 4.58m (2.6m true width) at 7.76g/t gold from 282.12m drill depth was in drill hole CCDC033.

The junior miner said that the assay result supported the geological model that Cacao was a fully preserved, deep-seated epithermal gold mineralisation system, with the potential to host a significant gold deposit.

Cacao lies some 4km from the planned processing plant at La India and is being assessed as a potential satellite deposit.

OPERATIONS

Condor has completed 3,500m of a 5,000m diamond drilling programme to explore the potential of the Cacao prospect to host a significant gold deposit.

The aims of the drill programme are to demonstrate the Cacao vein has a strike length of an additional 2,500 metres, test the depth extension and increase the mineral resource.

Cacao has an existing inferred mineral resource of 662 Kt at 2.8 g/t gold for 60,000 oz gold on a strike length of only 600 metres.

The existing mineral resource is partially an open pit mineral resource, which Condor seeks to expand.

Related Articles
News Oil & Gas

Block produces below average target levels at WR-B1a, West Rustavi

Posted on Author editorial

Block Energy plc announced that new well WR-B1a had produced below average target levels over the last eight days in West Rustavi, Georgia. FRACTURED RESERVOIRS Block has to date drilled three horizontal wells in naturally fractured reservoirs and acquired 3D seismic of the West Rustavi field. The company said that following the interim installation of […]
Finance Metals & Minerals News

Karelian raises £329,000 via discounted placing

Posted on Author editorial

Karelian Diamond Resources plc has raised £328,747 through a 38.8% discounted placing. USES The placing comprised 21,916,479 ordinary shares of €0.00025 each, at 1.5 pence perordinary share. Certain parties also capitalised amounts owed to them totalling £25,252.75 by the issue of 1,683,516 new ordinary shares at the issue price. Each placing share and investment share […]
News Oil & Gas

Union Jack spuds second Oklahoma well

Posted on Author editorial

Union Jack Oil plc has spud its second joint venture well on the West Bowlegs prospect in Seminole County, Oklahoma. EXPANSION Operator Reach Oil & Gas Company Inc expects to take eight days to drill Andrews 2-17 to a depth of circa 4,7000 ft, including perforating and flow-back if successful. Union Jack said its partner […]

One Reply to “Condor Gold intercept backs Cacao potential”

  1. Pingback: Condor Gold makes significant progress as losses widen at La India - Extractive Industries

Comments are closed.