A new study at Condor Gold’s (LON:CNR) La India deposit in Nicaragua has identified 33 exploration targets.
Structural geologist Dr Tony Starling of Telluris Consulting carried out the study.
Mark Child, Condor’s chief executive, said it was a very detailed report on the structural geology of La India Gold District.and a significant step forward in understanding the structures that host and offset the gold mineralisation.
The report details 33 exploration targets derived from the structural setting, 23 of which have known gold veining at surface. The targets require follow up work on the ground and prioritisation before an exploration programme can be planned, Child added.
At resource scale the work will enhance and improve confidence in future resource models. At regional scale, the study improves understanding of the structural framework that controlled the flow and deposition of epithermal gold, he added.
The findings will be integrated with the recently collected soil geochemical data to define and prioritise targets for further exploration for hidden deep-seated gold deposits.
Earlier this month, Condor launched a strategic review of its business that will consider all options including a sale of the company.