Condor Gold plc has raised £4.1 million before expenses from a private placement through issuing new ordinary shares representing 8.7% of the company’s existing issued share capital. UNITS The company placed 11,714,286 units each at 35p including a directors and chief financial officer’s subscription. Four directors Mark Child, Andrew Cheatle, Ian Stalker and Jim Mellon, […]
Tag: Condor Gold plc
Condor completes 8,004m infill drilling at La Mestiza
Condor Gold plc has completed an 8,004m infill drilling programme on the high-grade La Mestiza open pit mineral resource at La India gold project in Nicaragua. MINERAL RESOURCE The programme tightened drill spacing to 25m along strike and 50m down-dip in the zones with the potential to support open pit mine development. Drilling is expected […]
Condor expects La India FS in early 2022
Condor Gold plc said that progress had been made on studies in support of a feasibility study (FS) expected during Q1 2022 for its La India gold project in Nicaragua. ADDITIONAL DRILLING The FS is for La India open pit and associated mine site infrastructure. Condor added that a review of the initial round of […]
Condor assays add confidence at Mestiza
Condor Gold plc has received all assay results from the first phase of infill drilling of 39 holes for 3,372 metres on the Mestiza open pit near La India project in Nicaragua. RESULTS Assay results include: 4.1 m true width at 15.23 g/t gold from 47.80 m (LIDC514) approximately 40m below surface. 3.6 m true width at 29.1 […]
Condor identifies ‘highly significant’ Cacao vein system
Condor Gold plc has identified a “highly significant” fully preserved epithermal vein system over a 1,000m strike length with a 10m true width, at the Cacao prospect at La India project in Nicaragua. DRILL OBJECTIVES A total of 15 drill holes for 3,500m were completed to test whether the near surface gold mineralisation at Cacao […]
Condor appoints Jair Navarro as senior mining engineer
Condor Gold plc has appointed Jair Diaz Navarro as a senior mining engineer at La India project in Nicaragua. Mr Diaz is a mining engineer with more than 10 years’ experience in mine planning and operations. He graduated from Colorado School of Mines with a B.Sc. in Mining Engineering in 2011. Mr Diaz joined Barrick […]