Condor Gold has completed an 8,004 m infill drilling program at the La Mestiza Open Pit within the La India project in Nicaragua, receiving all assay results. Drilling confirmed the continuity of high-grade gold mineralization, with notable intercepts including 6.3 m at 6.84 g/t gold. The project now has a Mineral Resource of 92 kt at 12.1 g/t gold (Indicated) and 341 kt at 7.7 g/t gold (Inferred). The drilling aims to upgrade resources for a future feasibility study, with significant potential for resource expansion identified in the Mestiza Vein Set.
Condor Gold announced the granting of 150,000 share options to newly appointed Senior Mining Engineer Jair Diaz Navarro on December 13, 2021. The options, priced at 35 pence per share (16% above the 10-day average), are valid for five years but cannot be exercised within the first year. This grant increases the total outstanding options to 15,148,500, representing approximately 10% of the issued shares. The company focuses on gold exploration and development in Nicaragua, with significant resources and permits in place.
Condor Gold has announced the successful completion of a 3,500 m exploration drilling program at the Cacao Prospect, confirming a wide zone of high-grade gold mineralization. This includes a significant intercept of 25.93 m at 3.94 g/t Au in drill hole CCDC033, located beneath the current mineral resource of 662 Kt at 2.8 g/t gold. The drilling aims to explore deeper extensions of the epithermal gold system, with follow-up drilling planned to assess both high-grade and low-grade gold anomalies. The results imply potential for further resource expansion and enhanced mining viability.
Condor Gold Plc has appointed Jair Diaz Navarro as a Senior Mining Engineer for its La India Project in Nicaragua. Mr. Diaz, with over 10 years of mining experience, previously worked at OceanaGold's Haile Mine. His role will focus on mining engineering studies for an upcoming Feasibility Study and optimizing mine schedules to enhance the project's economics. The La India Project aims to produce approximately 100,000 oz of gold per annum with a permitted processing plant.