Condor Gold files Preliminary Economic Assessment report for La India project on SEDAR website
The La India project hosts the historic La India gold mine which produced about 576,000 ounces of gold between 1938 and 1956
Company
LON:CNR
Condor Gold PLC is a gold exploration and development company with a focus on Nicaragua in Central America.
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The La India project hosts the historic La India gold mine which produced about 576,000 ounces of gold between 1938 and 1956
In-fill drilling focused on the 85,000 ounces of gold currently categorised as an inferred mineral resource
“There are no negative surprises and the project continues to be materially de-risked," said chairman and chief executive Mark Child
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Chaarat Gold* (LON:CGH) 21.3p, Mkt Cap £147m – CEO appointment Mike Fraser has bee appointed to the Chaarat board as Chief Executive Officer with effect from 17 January 2022. Mike brings 20 years of mining and metals industry to the Company
The Mestiza vein set is 3 km from the permitted processing plant on Condor's La India Project
“It is highly significant that a wide mineralised zone for a strike length of 1,000 m open along strike and down dip has been identified"
He will be involved in all aspects of mining engineering studies for a forthcoming feasibility study and final designs ahead of the construction of a processing plant and associated infrastructure using the recently acquired semiautogenenuo
Payback on build costs would be within 12 months at a 54% rate of return
John Seaberg was senior vice president and CFO of Calibre Mining, which has two producing mines in Nicaragua
The latest results included drill hole LIDC464, which returned 6.6 metres at 10.51 grammes a tonne (g/t) gold
The company is on track with its strategic objective of constructing and operating a processing plant
The current open-pit mineral resource partially relies on results from reverse circulation drilling
The drill results strengthen the case for the Starter Pits to be mined early
Condor's La India gold project is fully permitted to production
The new plant design will aim to enable initial production volumes between 80,000 to 100,000 ounces of gold per year.
The new drilling could bring significant additional resources into the open pit
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The 3,500m infill drilling program at La India Starter pits has nearly been completed