Two diamond core drill rigs are operating on Mestiza and have drilled about 600 metres so far. The programme is expected to take a further four months to complete.
The programme is seeking to upgrade the resource estimate to the indicated category for inclusion into future pre-feasibility or feasibility studies.
La Mesitza open pit hosts 92,000 tonnes at 12.1 grammes per tonne (g/t) gold for 36,000 ounces of gold in the indicated category and 341,000 tonnes at 7.7 g/t gold for 85,000 ounces of gold in the inferred category, based on a January 2019 estimate.
Condor also provided updated preliminary mine schedules on La Mestiza open pit conducted by SRK Consulting (USA) Inc.
“The schedules developed indicate a potential feed to the processing plant estimated at 499kt, at a diluted head grade of 5.37 g/t gold with potential to produce 86,000 oz gold,” said chairman and chief executive Mark Child.