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Pin to quick picksCondor Gold Share News (CNR)

Share Price Information for Condor Gold (CNR)

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Share Price: 26.50
Bid: 26.00
Ask: 27.00
Change: -0.75 (-2.75%)
Spread: 1.00 (3.846%)
Open: 27.25
High: 27.25
Low: 26.50
Prev. Close: 27.25
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Condor Gold intersects gold mineralisation at La India

Mon, 15th Apr 2013 08:53

Condor Gold's shares rose Monday as the miner announced it encountered further gold mineralisation after drilling at the La India Project in Nicaragua.The company completed 50 drill holes at 7,089.4 metres at the La India Vein Set, aimed at proving 800,000 ounces (oz) of gold in the indicated category.Drilling results showed a continuity of gold mineralisation and grade of the current geological model.A near surface bonanza-grade drill intercept from La India revealed 4.80 metres at 37.24 grams per tonne (g/t) of gold from a 14.40 metre drill depth.A further 39 holes were drilled to 3,567 metres on the America Vein Set to test for remnant wallrock gold and prove a second open pit resource.The best intercept showed 19 meters at 1.98 g/t and 10 metres at 1.70 g/t separated by only 6.0 metres of low-grade material from a 13 metre drill depth at the intersection of the America America-Escondido-Constancia veins."The drill results from this in-fill drilling programme demonstrate continuity of gold mineralisation and grade," said Chairman and Chief Executive Mark Child. "Three drill holes, each from a depth of less than 20m from surface provide great confidence that La India open pit resource will continue to demonstrate robust economics."RD
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IN BRIEF: Condor Gold raises GBP1 million via chair's company

Condor Gold PLC - Gold exploration company with operations focused on Nicaragua - Notes that Galloway Ltd, owned by Condor Gold Chair Jim Mellon's Burnbrae Group Ltd, sends notice to Condor Gold which will result in the issue of 6.7 million new shares at an issue price of 15p per share to raise GBP1 million. Condor Gold has approval for the shares to be listed on the Toronto Stock Exchange. Condor Gold adds that it is in discussions with other shareholders who have expressed interest in investing alongside the chair and largest shareholder on the same terms, with an update to be provided shortly. Chair Jim Mellon says: "I continue to be impressed with the asset sale process. We are very aware of the value of our assets and will maximise value for all shareholders. My investment of a further GBP1 million is designed to ensure sufficient financial runway during the sales process until a desired price is achieved."

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IN BRIEF: Condor Gold says five acquisition offers received

Condor Gold PLC - Gold exploration company with operations focusing on Nicaragua - Says it has received five non-binding offers for the purchase of its assets, with three site visits having been completed. Adds that there are eight companies under non-disclosure agreements. Says additional enquiries have been received over the past two weeks.

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Condor Gold shares jump over interest for La India project, Nicaragua

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