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 […]
Tag: Condor Gold plc
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 […]
Condor presents two mining options for La India
Condor Gold plc has outlined two mining scenarios following SRK Consulting’s preliminary economic assessment (PEA) on its 100% owned La India gold project in Nicaragua. SCENARIOS Scenario A involves mining from four open pits, termed La India, America, Mestiza and Central Breccia Zone (CBZ), which targets a plant feed rate of 1.225 million tonnes per […]
Condor Gold appoints John Seaberg as CFO
Condor Gold plc has appointed John Seaberg as chief financial officer with effect from 1 September 2021. He replaces Jeffrey Karoly who has been the company’s part-time CFO for four years while also being CFO of Rupert Resources. Mr Seaberg has more than 25 years’ experience in the mining industry and held a number of executive […]
Condor makes significant progress as losses widen
Condor Gold plc’s pre-tax losses increased and cash decreased as it progresses with operations at its La India project in Nicaragua. FINANCES In its unaudited interim results for six months ended June 2021, the company recorded pre-tax losses of £1,013,860 during the first six months of 2021 (H1 2020: £355,419). Net cash used in operating […]