Metals & Minerals News

Condor completes La India geotechnical drilling

Condor Gold plc has completed 21 geotechnical drill holes for 2,551.50m for the feasibility study (FS) at its 100% owned La India gold project in Nicaragua. INFORMATION The company said that the programme needed a total of 2,551.50m of oriented core drilling supported by optical and acoustic televiewer scanning, as well as geotechnical lab testing […]

Finance Metals & Minerals News

Condor raises £4.1m via private placement

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, […]

Metals & Minerals News

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 […]

Metals & Minerals News

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 […]

Metals & Minerals News

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 […]

Metals & Minerals News

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 […]