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Condor Resources granted new concessions

Thu, 14th Jan 2010 14:22

Shares in Condor Resources rallied on news that the Central America-focused gold and silver miner has been granted two new concession areas adjacent and near to it's existing Cacao and Santa Barbara concessions within the historic La India Gold Mining District in Central Nicaragua.The group said the new concessions, named El Rodeo and Real de la Cruz, both contain significant known gold mineralisation defined by previous explorers and evidenced by shallow artisinal workings.'Condor has a further 5 concessions pending approval in Nicaragua and is reviewing other opportunities to increase its concessions in the country as well as the prospect of acquiring a small operating gold mine,' said chairman Mark Child.