Condor Gold plc reported a more detailed and conservative mineral resource estimate (MRE) for its 100% owned La India project in Nicaragua. MRE The revised MRE is 9,672 kt at 3.5g/t gold for 1,087,000 oz gold in the indicated category, and 8,642 kt at 4.3 g/t gold for 1,189,000 oz gold in the inferred category. The […]
Tag: La India – Nicaragua
Condor tests show 91% gold recovery at La India
Condor Gold plc said that a fixed gold recovery of 91% will be used in the project economics of the forthcoming feasibility study for La India gold project in Nicaragua. METALLURGICAL TEST The figure comes from the final results of metallurgical tests for the FS on the La India open pit, which showed that gold […]
Condor raises £3.25m via placing-subscription
Condor Gold plc said it had raised £3.25 million before expenses through a private placing of 11,607,149 units each at a price of 28p, including a directors’ subscription of 1,833,573 units. PLACING Each unit is comprised of one ordinary share in the company with a nominal or par value of 20p each and one-half of one […]
Condor notes’ significant’ assays from La India
Condor Gold plc reported “significant” assay results from sampling of geotechnical drill holes on the open pit at La India project in Nicaragua. RESULTS The company said that the twin geotechnical drill holes LIGT528 and LIGT536 provided a useful additional infill in the planned Northern starter pit. Intercepts were within and between the planned high-grade […]
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 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 […]