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Condor Gold Plc
Summary
| Project: | La India | |
|---|---|---|
| Deposit: | Mestiza | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 1/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 28-1-2019: Condor Gold Plc announces a Resource Estimation report for its Mestiza deposit at the La India project. Updated mineral resource estimate at Mestiza. Condor Gold (AIM: CNR; TSX: COG) is pleased to announce the results of an updated Mineral Reso | |
| Resources: | (Resource): 9.850Mt @ 3.6g/t Au (Ind.), 8.479Mt @ 4.3g/t Au (Inf.) | |
| CP/QP: | [Resources]: Benjamin Parsons (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | Condor Gold (AIM: CNR; TSX: COG) is pleased to announce the results of an updated Mineral Resource Estimate (the “MRE”) on its 100% owned La India Project in Nicaragua. The MRE as at 25 January 2019 is 9.85 million tonnes (“M tonnes” or “Mt”) at 3.6 g/t gold for 1,140,000 oz gold in the Indicated category and 8.48M tonnes at 4.3g/t gold for 1,179,000 oz gold in the Inferred category. The MRE was prepared by SRK Consulting (UK) Limited (“SRK”) and uses the terminology, definitions and guidelines given in the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Mineral Reserves (May 2014). Mark Child, Chairman and Chief Executive Officer of Condor Gold, commented: “The Mineral Resource update on La India Project totals 9.85M tonnes at 3.6 g/t gold for 1,140,000 oz gold in the Indicated category and 8.48M tonnes at 4.3g/t gold for 1,179,000 oz gold in the Inferred category and is a timely reminder of the high grade nature of this gold deposit. The Mineral Resource update includes 8,222m drilling completed since the previous Mineral Resource update in September 2014. The higher level of confidence, the Indicated category of Mineral Resource, has increased by 57 Koz. | |
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