SRK Consulting has completed a JORC compliant mineral resource estimate for Condor Resources' La India and Espinito San Pablo concessions in Nicaragua. There is an inferred mineral resource of 868,000 ounces of gold. Condor owns 80% of the La India and Espinito San Pablo concessions, which it acquired last October. An underground mine in this area produced 576,000 ounces of gold between 1938 and 1956. The inferred mineral resource does not include the Arizona, Teresa and Espinito veins, which have potential to increase the figure. A 3D model is planned and a full mineral resource update will be completed in the first quarter of 2011.