From 29 Apr RNS: Condor’s Preliminary Economic Assessment released on 5th March 2013 shows La India Project has potential production of 152,000 oz gold per annum at 3.8g/t for the first 8 years of a 13 year mine life at a cash cost of US$575 per oz gold. The gold production is evenly split between open pit and underground mining methods. The current focus is to take La India Project to the next stage of economic study, a Pre-Feasibility Study (“PFS”), while maintaining potential production at circa 150,000 oz gold per annum, yet proving as much potential open pit production within the overall production guidance. The Central Breccia had some of the best drill results last year: LIDC101 of 45.8m at 4.24g/t, LIDC097 of 13.7m at 6.7g/t and LIDC099 of 38.7m at 1.28g/t. The current drilling will target a maiden open pit resource on the Central Breccia and test two nearby geochemical anomalies, Condor Gold plc 7th Floor 39 St. James’s Street London SW1A 1JD Telephone +44 020 74081067 Fax: +44 020 74938633 identified in a soil sampling programme, that are potentially hidden breccia pipes hosting gold mineralization. Condor currently has five diamond core drilling rigs operating at La India Project, one drilling the Central Breccia area, one continuing with the La India open pit resource infill drilling and the America wallrock programmes and three undertaking a geotechnical drilling programme on La India Open Pit
A geotechnical report is expected in August 2013, which will help determine the pit angles of La India Open Pit. With further mining studies, there is potential for the 800 koz gold pit used in the PEA to increase by 25% to 50% should steeper pit angles be achieved allowing for a deeper open pit
Could really do with this go down a tad further that is only so I can my average down more from buying since December.Had a top up yesterday so that helped Hoping to reach my target by year end now that would be ,,,,,,Nice
Hi. No I'm not in SKR for the time being. I decided to switch funds from them into AR. I still like SKR but preferred the look of AR. for the time being. AR. should be paying out a 4.7% dividend this year and I am hoping that at some point a rebound in gold prices will give both them and CNR a lift! ATB
Another quiet start. Hopefully we will have some news before the Minesite conference. Perhaps, metallurgical test results, drilling results or trenching from Mestiza. There was also some talk of using a helicopter to do an magnetic survey of the District to highlight how prospective for gold the whole District is.
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