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Condor Gold Plc
Summary
| Project: | La India | |
|---|---|---|
| Deposit: | Mestiza | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 11/6/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-11-2017: Condor Gold Plc announces an Exploration/Drilling Update report for its Mestiza deposit at the La India project. Drilling results incl. 1.4m @ 18.5g/t Au, 22.14g/t Ag from 18.2m. Condor Gold (AIM: CNR) is pleased to announce, further to its 30 | |
| 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, further to its 30 August 2017 announcement, the final six drill hole results from a 43 drill hole programme on the Mestiza Vein Set (‘Mestiza’) at the La India Project, Nicaragua. A drill programme of 5,922 metres was completed in August with the initial focus on the Tatiana Vein, one of the four constituent veins at Mestiza, along with the nearby Buenos Aires and Jícaro veins. The objective was to convert the upper part of a historic Soviet mineral resource (2,392,000 tonnes at 10.2 grams per tonne (“g/t”) gold for 785,694 ounces of gold) to Canadian NI 43-101 standard however this has now also developed into allowing Condor to better understand the extent of the mineralisation and further resource potential at Mestiza, which is open along strike beyond the Soviet resource. It is now considered that drilling below 200m, as further detailed below, is required to determine the volume of the historic Soviet resource that can be converted to NI 43-101 standard. “The final six drill holes of a 43 drill hole programme, totalling about 6,000 metres, at Mestiza demonstrate high grade gold mineralisation from surface to a depth of up to 200 m beneath surface. “The discovery of a high-grade oreshoot (‘Big Bend’) on the Tatiana vein, which has a strike length of 450 metres, an estimated average true width of 2.2 metres and a depth of at least 200 metres, is material to the Project. Additionally, there is potential for a small open pit on the Tatiana vein. | |
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