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LONDON (Alliance News) - Condor Gold PLC Tuesday said it has received the results of a study on the structural geology of the La India gold project in Nicaragua, which has identified 33 potential exploration targets that will be prioritised.
The La India gold project is wholly-owned by Condor and is comprised of six concessions covering more than 166.6 kilometres squared.
"The study represents a significant step forward in understanding both the structures that host, and the structures that offset, the gold mineralisation in the La India district. At resource scale the work will enhance and improve confidence in future resource models. At regional scale the study improves understanding of the structural framework that controlled the flow and deposition of epithermal gold," said Condor.
The results of the study will be integrated with recently collected data about the soil geochemical composition, which together will define and prioritise targets for further exploration.
The study has identified 33 potential exploration targets, 23 of which are "known" to have gold veins at surface. All 33 of those targets require follow up work on the ground and prioritisation before an exploration programme can be planned.
Condor shares were up 1.5% to 52.80 pence per share on Tuesday morning.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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