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Member Info for V1d-


Member Since: Fri, 17th Jun 2011

Number of Share Chat Posts (all time): 821
Number of Share Chat Posts (last 30 days): 5

Last Posted: 10 Aug '14


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10 Aug '14


There’s been some historic drilling on Cristalito-Tatescame, but none by Condor as far as I can see.

The following couple of extracts are from SRK’s long-form NI 43-101 Resource report September 2012. Included in the resource as Inferred ounces under “Other Veins” are 200Kt for 34koz Au at 5.3g/t, cut-off at 1.5g/t.

2004-2005

In 2004-2005, Gold-Ore Resources Ltd (“Gold-Ore”), through a joint venture with Glencairn over the north-eastern part of the La India Concession, conducted underground sampling and drilled 10 DD core holes for 1,063 m into the Cristalito-Tatescame Vein of La India Concession. Underground sampling of the 570m level returned a weighted average of 1.6 m at 21.7 g/t Au. The drilling confirmed mineralisation over a 200m strike length to a depth of 150m, with best intersections of 5.3m at 9.43 g/t Au from 94.6m in drill hole DDT-09.

9.1.4 Gold-Ore

Gold-Ore completed 10 holes in 2004 at Cristalito-Tatascame using conventional DD drilling techniques. SRK has been supplied with downhole survey information for the start and the end of each hole, with hole lengths varying from 37 to 180 m. The digital database provided included geology logs of major units and a total of 238 gold assays were completed during the programme.

RNS 12th June 2014:-

This gives details of the targets, results of trenching so far, and also what is in the pipeline.

The targets 1 to 8 are defined in fig 1.

http://condorgold.com/sites/default/files/news/Condor%20Gold%20Encouraging%20Trench%20Results%20For%20La%20India%20Project_0.pdf

2 – San Lucas –a vein within the main La India concession

6 – Real de le Cruz - separate concession, and one that they seem to be concentrating on for the time being because of extensive high grade intercepts near surface.

1 –Dos Hermanos, old mine workings 4k west of the main La India pit.

4 – Chaparro – 4k to the north of the main La India pit.

Targets 3, 5, 7 & 8 have not featured in the results so far. Maybe under way, or next up, depending on results for the four on the go at the moment.

The inherited drilling results from Gold-Ore on Cristalito-Tatescame look to be rather deep, and thus as potential UG resources will be on hold for the time being, I guess. C-T is about 1k south of target 7.

Looking forward to the rest of the trenching results and further details of the ongoing programme. It seems that there is significant potential from both San Lucas and Real de la Cruz to add further resource - and maybe Indicated ounces for the PFS if the trenching results can be joined to the existing data in SRK's Resource Model.
8 Aug '14


A calculated guess at what the 6 trenches for 321m on the La India Vein might mean.

Average length - 53.5m - probably needed to get across both the India and California veins (at right angles to strike).

A range of possibilities between 2 "bookends" - i) infill between 100m inferred data points or ii) a continuous line of trenches 50m apart. In both cases, say above inferred data points 50m deep and at 100m centres. (ish). (you need 50m centres to get to Indicated).

That would give at i) 600m of strike length covered, and at ii) 250m, assuming all sorts of things about the existing data points - trenches, DC/RC holes etc and that the trenches match with these.

Assume trenches 50m above valid data points, SG of rock 2.4, and an average 20gm/t gold grade (ie 5m at 4g/t, or 6m at 3.33g/t - ie grade in g/t x width in m = 20gm/t)

i) gives (600 x 50 x 2.4 x 20)/31.1 = 46,302, and ii) gives (250 x 50 x 2.4 x 20)/31.1 = 19,292. Average 32.8k. I guess that they will have picked the most likely spots to trench, so I reckon one half of the 81k inferred should make it up to Indicated.

Eee, I feel better for that - haven't done any Condor calculations for months!!

Anyway, just one possibility of many.

It would be great if the trenching on the other vein sets also made it down to the top of the drilling and other results to increase the Inferred - and hopefully - the Indicated resources there pre PFS.

We have to remember that the PFS will be able to make use of the economically mineable Indicated resource only, thus these additional ounces should help us get towards 800k oz of Reserves, and cover for the orphan ounces which don't make it!!
8 Aug '14


Someone else getting in on the La India act ........ Haven't found out where exactly, but it all adds to the local interest and activity.

http://www.miningweekly.com/article/chile-focused-oro-verder-gains-foothold-in-nicaragua-2014-08-08
2 Aug '14


Perhaps lurking with his tin hat on like a lot of the "old lags" ([:-) .......

Good spot, cambells - perhaps no smoke without fire ....... or perhaps, in the case of Regent, no smoke without mirrors.......

Anyway, a good week last week, and we have a bullish (black) hammer candlestick formation to close of Friday. Hopefully a resumption of the uptrend. 10p or so a week for a while would do me - sure as hell beats working!

Anyway, back into my Air-raid shelter to wait for the trenching results, any individual pre-PFS studies, the PFS, a bid, Godot, or the Second Coming.


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