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Condor Gold Plc
Summary
| Project: | La India | |
|---|---|---|
| Deposit: | Mestiza | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 4/29/2020 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Mine Development | |
| Report details: | 29-4-2020: Condor Gold Plc announces an EIA/ESIA report for its Mestiza deposit at the La India project. Environmental Permit granted for Mestiza open pit. Condor Gold (AIM: CNR; TSX: COG) is pleased to announce that it has been granted an Environmental P | |
| Resources: | (Resource): 9.850Mt @ 3.6g/t Au, 5.9g/t Ag (Ind) and 8.479Mt @ 4.3g/t Au, 8.2g/t Ag (Inf) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Condor Gold (AIM: CNR; TSX: COG) is pleased to announce that it has been granted an Environmental Permit for the development and exploitation of gold from the high grade Mestiza open pit (“the Permit”). The Mestiza open pit hosts 92 thousand tonnes (“Kt”) at a grade of 12.1 g/t gold (36,000 oz contained gold) in the Indicated Mineral Resource category and 341Kt at a grade of 7.7 g/t gold (85,000 oz contained gold) in the Inferred Mineral Resource category. The Mestiza open pit compliments the already permitted La India open pit which hosts 8,377Kt at a grade of 3.1 g/t gold (837,000 oz contained gold) in the Indicated Mineral Resource category and 883Kt at grade of 2.4 g/t gold (68,000 oz contained gold) in the Inferred Mineral Resource category. La India open pit has a robust, economically viable Pre-Feasibility Study (“PFS”) with Mineral Reserves of 6.9 million tonnes (“Mt”) at 3.0 g/t for 675,000 oz gold. Following the permitting of the Mestiza open pit Condor has just over 1M oz gold open pit Mineral Resources permitted for extraction inclusive of a Mineral Reserve of 6.9Mt at 3.0g/t gold for 675,000 oz gold. | |
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