Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Condor Gold reports higher-than-expected gold grades at La India Starter Pits

% of readers think this story is Fact. Add your two cents.

Condor Gold PLC (LON:CNR, TSX:COG) said it intercepted higher-than-expected gold grades in three drill holes between and along strike of the La India Starter Pits, within the La India project in Nicaragua.

The AIM-listed company said it was particularly encouraged by two high grade, wide intercepts between the two starter pits in an area previously interpreted as having lower grade gold mineralisation.

Drill hole LIDC452 returned 60.60 metres at 1.98 grammes a tonne (g/t) gold from a depth of 4.15 metres, including 5.75 metres at 16.88 g/t gold. While drill hole LIDC454, located between the two starter pits, returned 3.75 metres at 9.94 g/t gold from the hanging wall of the historic mine workings.

The results, from a total of 12 diamond core drill holes, will be incorporated into a revised feasibility-level mine plan and are expected to have a positive impact on the project’s economics.

“The high grade, wide, drill assay results between the two La India Starter Pits are a positive surprise as this area was previously interpreted as a lower grade zone within the main fully permitted La India open pit,” said chairman and chief executive Mark Child.

“The broad zone of mineralization is likely to reduce the overall strip ratio for the main La India open pit, as there is more mineralized gold tonnage verses waste rock, thus potentially improving the project’s economics.”

Condor will assess whether the two Starter Pits can be extended along strike and to depth and be amalgamated into one Starter Pit to provide additional high-grade mill feed from surface.

The Starter Pits sit within the main La India open pit, which has a mineral reserve estimate of 675,000 ounces of gold.

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Load more ...




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.