Condor Gold plc said it had started an 8,500m infill diamond drilling programme to increase resource to the indicated category in La Mestiza open pit at La India project in Nicaragua. The existing La Mesitza open pit hosts 433kt at 8.6g/t gold for 120,000 oz gold (92kt at 12.1 g/t gold for 36,000 oz gold […]
Tag: Condor Gold plc
Condor Gold holds £6.3m as it nears shovel-ready status at La India
Condor Gold plc said it had made significant progress during the first quarter of 2021 in preparation for “shovel ready” status at La India project in Nicaragua. In its unaudited financial results for Q1 2021, the junior miner said it held a strong cash balance of £6,278,947 million (Q1 2020: £1,736,695). Total comprehensive loss was […]
Condor Gold notes high grade drill results in La India starter pits
Condor Gold plc reported high grade intersects with the completion of infill drilling in the starter pits at La India gold project, Nicaragua. Condor said it intended to mine them early to quicken the payback period and enhance the project’s economics. The two planned high-grade starter pits (up to 35 metres deep) were drill tested […]
Condor Gold extends ESG programmes at La India
Condor Gold plc today announced it had increased its environmental and social engagement programmes at its La India project in Nicaragua. The miner’s Environmental and Social Management System includes environment, community, health and safety and human resources. ENVIRONMENT In its 2020 financial report, Condor said that the main local main local focus was the drinking […]
Condor Gold records transformational 2020
Condor Gold plc said its activities during 2020 had been transformational as it reported a decrease in losses and increased fundraising and cash balance for its La India project in Nicaragua. For the year 2020, the group’s losses were £1,309,992 (2019: £1,542,781). The company raised a total of £8 million after expenses (2019: £5.8m), and […]
Condor Gold buoyed by latest drill results at La India
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 […]