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Condor Gold Plc
Summary
| Project: | La India | |
|---|---|---|
| Deposit: | La India | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 2/26/2018 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 26-2-2018: Condor Gold Plc announces an EIA/ESIA report for its La India deposit at the La India project. Ammended EIA report submitted. Condor Gold (AIM: CNR; OTCQX: CNFGF; TSX: COG) is pleased to announce that it has formally submitted | |
| Resources: | (Reserve, Prob.): 6.9Mt @ 3.0g/t Au, 5.3g/t Ag at La India | |
| CP/QP: | [Overall Report]: David Crawford (Internal) | |
| ABSTRACT: | Condor Gold (AIM: CNR; OTCQX: CNFGF; TSX: COG) is pleased to announce that it has formally submitted an amendment to an Environmental and Social Impact Assessment ("ESIA") to the Ministry of Environment and Natural Resources in Nicaragua ("MARENA"), which is part of an application for an Environmental Permit, to construct and operate a processing plant with capacity to process up to 2,800 tonnes per day ("tpd") or 1 million tonnes per annum ("tpa"), without the need to resettle approximately 330 houses or 1,000 people. "Condor has been in constructive dialogue for several months with Nicaraguan Government officials at Minister level to permit the construction and operation of a new gold mine at Mina La India, Nicaragua. The general feedback has been that permitting will be much easier if the mine can be redesigned to proceed without resettling 1,000 people. Condor has accordingly formally submitted an amendment to the main permit application to proceed without resettlement. I am delighted to say that Condor's technical team believe that the La India Project is both technically viable and economically attractive to proceed with a redesigned open pit that does not require community resettlement and also includes the relocation of the processing plant approximately 1,200 metres from the village. Mine scheduling studies are on-going, and further details will be provided in due course. Condor Gold does not anticipate a material change in the total ounces of gold expected to be recoverable from the redesigned open pit compared to the open pit disclosed in the PFS (as defined below)." | |
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