Condor Gold houses 2.3 million ounces of gold at 4 grams In Nicaragua
Condor is focused on the La India project in Nicaragua. We have 2.3 million ounces of gold at 4 grams, and we’re close to permitting our 100K ounces per annum plant. Thus, proving a major gold district to 4 to 5 million ounces.
Condor Gold Plc is a UK based AIM and TSX-listed exploration company. It focuses on proving a large commercial reserve on its 100% owned La India Project in Nicaragua.
At 30th September 2014 La India Project’s resource was prepared in accordance with NI 43-101. This comprised an indicated mineral resource of 9.6Mt at 3.5g/t for 1.08M oz gold. And an inferred mineral resource of 8.5Mt at 4.5g/t for 1.23M oz gold.
Finally, this included total probable reserve of 6.9MT at 3.0g/t for 0.675M oz gold and 5.5 g/t for 1.185 M oz silver.
In addition to the La India Resource, there is further resource prepared in accordance with CIM standards. These standards were of 0.7Mt at 3.5g/t for 87k oz gold in the inferred category.
Also, Condor’s management team have extensive experience in mineral exploration, project development and project financing. Thus ensuring that the Company has the best possible opportunity to achieve exploration success and take La India Project through to a bankable feasibility study.
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