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Condor Gold is making significant progress towards the goal of making La India “shovel-ready”

Published: 07:56 28 Jan 2020 GMT

Condor Gold PLC -

Condor Gold PLC (LON:CNR)(TSE:COG) has been granted an extension until July 2021 to allow it to complete the conditions of the key environmental permit it has already been granted to develop and extract ore from the proposed open pit at the La India gold project in Nicaragua.

Meanwhile, the mine schedule and waste dump schedule have been completed for the La India open pit, which hosts an economic mineral reserve of 6.9mln tonnes grading 3.1 grams per tonne gold for 675,000 ounces of gold in total.

Water and sewage management studies for the processing plant offices and accommodation have been completed.

A forestry inventory and reforestation plan of 10 new trees for every tree cut down has been completed.

Consultants are currently working on designs for the tailings storage facility and the surface water management system.

What’s more, the designs for the fuel station for back up power has also almost been completed. National grid electricity pylons are located 700 meters from the processing plant. A new electricity sub-station is being built 12 kilometres from the processing plant. Studies to connect the processing plant to grid power are underway.

"The objective is to de-risk La India project and complete all studies ahead of a construction decision, thereby making the project 'shovel ready'", said Condor’s chairman Mark Child.

“Several studies have already been completed: mine schedule, waste dump schedule, water and sewage management study for the offices and accommodation for the processing plant, the forestry inventory and reforestation plan. Condor is fully engineering the tailings storage facility and surface water management system required for the mine, both studies are in progress. Offers have been made to buy the surface rights from all landowners within the mine site infrastructure, 50% have accepted.”

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