Condor Gold (LON:CNR): La India update
Market Cap: £25m; Current Price: 54p
Soil sampling completed
- Following the completion of a 55km2 soil sampling programme several targets for follow up exploration have been identified. These targets are located within linear features that have been identified from geophysics, satellite imagery and geological mapping.
- One of these targets could be a southeast extension of the 2km long Andrea Vein. This potential extension could be as long as 4km to 7km.
- The soils sampling programme is now being extended to the Northwest of the El Tanque area.
- Drilling at Real de La Cruz Concession has been delayed until permits are received.
- Gold in-soil anomalies and linear features identified at La India
NORTHLAND CAPITAL PARTNERS VIEW: This is a positive update form Condor Gold that demonstrates the significant upside potential for deep seated mineralisation at the 2.4mox (4g/t Au) La India Project, located in Nicaragua. Condor has identified a series of gold in-soil anomalies on the Cacao-Central Breccia trend, and in the; El Tanque area, Tatascame area, Santa Barbara Hill and Real de La Cruz area that could add further upside to the high grade resource.