Condor Gold PLC - Initial Site Preparation at Mina La India
| || |
Condor Gold plc
Tel: +44 (0) 207 493 2784
Condor Gold Plc
("Condor", "Condor Gold" or the "Company")
Driving Towards Production - Condor Gold Commences Initial Site Preparation at Mina La India
Condor Gold (AIM: CNR; TSX: COG) is pleased to announce that it has commenced initial site preparation at the location of the processing plant facility at Mina La India,
· Site preparation commences in area of processing plant facility
· 11.26 hectares of land being cleared of scrub and trees with any disturbed topsoil being stockpiled separately for future reclamation use
· Main access road to plant facility, internal and bypass roads being prepared
· ROM Stockpile area, laydown area, warehouse areas to be cleared
· The Company has purchased 100% of the land to proceed with construction in this area
· Clearing activities will replace trees on a 10 to 1 basis supported by Condor's tree nursery, which has approximately 7,000 trees
"The initiation of site preparation at Mina La India marks a significant landmark in the Company's development as it transitions from a gold exploration and development company to a gold producer. Two viewing platforms over the plant area have already been constructed. 25 geotechnical test pits have been completed to aid with the design of the plant layout. The focus of the initial site preparation is clearing 11.26 hectares of scrub and trees which will host the key areas of the plant from the stockpile area to the comminution circuit, a laydown area, warehouses, main access road and internal roads."
Site Preparation at Mina La India:
The site preparation of the processing plant facility is in compliance with laws and regulations applicable in
The initial site preparation includes ground clearance of trees and scrubs, clearing 11.26 hectares of land, and 790 meters of roads are being constructed. The areas being cleared include the construction of a main plant access road from a regional paved highway to the processing plant facility, in-plant roads and a bypass road to minimise traffic through a nearby village. The initial site preparation includes a laydown area for the processing plant equipment, the location of the stockpile area, the processing plant location and warehouses. The site clearance and construction of two viewing areas over the plant location has been completed. The initial stage of site preparation will use local Nicaraguan firms and local labour thereby creating jobs in the local communities. Clearing activities will replace trees on a 10 to 1 basis supported by Condor's tree nursery, which has approximately 7,000 trees; useable wood will either be repurposed or distributed as cooking fuel for local families. Any topsoil will be stockpiled and retained for future use.
A second, more comprehensive stage of site preparation will follow, which will include geotechnical drilling on the location of the SAG or
- Ends -
For further information please visit www.condorgold.com or contact:
Condor Gold plc
+44 (0) 20 7493 2784
Beaumont Cornish Limited
+44 (0) 20 7628 3396
SP Angel Corporate Finance LLP
+44 (0) 20 3470 0470
+44 (0) 20 7138 3204
About Condor Gold plc:
Condor Gold plc was admitted to AIM in
Environmental Permits have also been granted in April and
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
The Mineral Resource Estimate has been completed by
The technical and scientific information in this press release has been reviewed, verified and approved by Gerald D. Crawford, P.E., who is a "qualified person" as defined by NI 43-101 and is the Chief Technical Officer of Condor Gold plc.
Certain disclosure contained in this news release of a scientific or technical nature has been summarised or extracted from the technical report entitled "Technical Report on the La India Gold Project,
Forward Looking Statements
All statements in this press release, other than statements of historical fact, are 'forward-looking information' with respect to the Company within the meaning of applicable securities laws, including statements with respect to: the ongoing mining dilution and pit optimisation studies, and the incorporation of same into any mining production schedule, future development and production plans at La India Project. Forward-looking information is often, but not always, identified by the use of words such as: "seek", "anticipate", "plan", "continue", "strategies", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", "could", "might", "will" and similar expressions. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions regarding: future commodity prices and royalty regimes; availability of skilled labour; timing and amount of capital expenditures; future currency exchange and interest rates; the impact of increasing competition; general conditions in economic and financial markets; availability of drilling and related equipment; effects of regulation by governmental agencies; the receipt of required permits; royalty rates; future tax rates; future operating costs; availability of future sources of funding; ability to obtain financing and assumptions underlying estimates related to adjusted funds from operations. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct.
Such forward-looking information involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to: mineral exploration, development and operating risks; estimation of mineralisation, resources and reserves; environmental, health and safety regulations of the resource industry; competitive conditions; operational risks; liquidity and financing risks; funding risk; exploration costs; uninsurable risks; conflicts of interest; risks of operating in
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Quick facts: Condor Gold PLC
Market Cap: -
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE