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Condor Gold Plc
Summary
| Project: | La India | |
|---|---|---|
| Deposit: | Mestiza | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 6/29/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-6-2017: Condor Gold Plc announces an Exploration/Drilling Update report for its Mestiza deposit at the La India project. Drilling results incl. 3.55m @ 23.3g/t Au, 66.6g/t Ag from 76.7m. Condor Gold (AIM: CNR) is pleased to announce more results from c | |
| Resources: | (Resource, Inf.): 1.49Mt @ 7.5g/t Au for 333koz Au contained at Mestiza (NI43-101 compliant) | |
| CP/QP: | [Overall Report]: Peter Flindell (Internal) | |
| ABSTRACT: | Condor Gold (AIM: CNR) is pleased to announce more results from continued drilling on the Mestiza Vein Set („Mestiza‟) at the La India Project, Nicaragua. The objective is to convert an historic Soviet mineral resource (2,392 kt at 10.2 g/t gold for 785,694 oz gold) to Canadian NI 43- 101 standard. The initial focus is on the Tatiana Vein, one of the 4 constituent veins and the largest portion of the resource. Results are excellent and have identified a high grade ore shoot in the area of a major dilational bend. The programme continues with two drill rigs and has now been expanded to 6,000 m in total. Mark Child, Chairman and CEO comments: „The drill result of 3.6 m at 23.3 g/t gold on the Tatiana vein is very encouraging because it is approximately 100 m below our previously reported drill intercept of 3.3 m at 28.3 g/t gold. This and neighbouring drill holes define a high grade shoot which is open down dip and along strike for approximately 300 m. In light of this, the drill programme has been modified from broadly 100 m centres, to include drilling some 50 m step out holes in this high grade zone. The overall objective is to convert an historic Soviet-style mineral resource (2,392 kt at 10.2 g/t gold for 785,694 oz gold) to Canadian NI 43-101 standard. This will hopefully boost the current NI 43-101-compliant Inferred Mineral Resource at Mestiza (1,490 kt at 7.47 g/t for 333,000 oz gold). | |
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