LONDON (Alliance News) - Condor Gold PLC Tuesday said results from the trenching programme at Real de la Cruz concession at the La India Project in Nicaragua have indicated the top of a gold system, based on the large gold footprint found.
Condor said the assay results from the initial trench sampling programme at the site indicate a broad, low-grade gold mineralised zone of 1,100 metres strike length and 100 metres width. The results provide the potential for a third feeder pit to the plant at the nearby La India Open Pit Resource.
"It is highly encouraging that Condor's geologists have defined a large area of gold mineralisation through limited trenching on the Real de La Cruz Concession on La India Project," said Mark Child, Chairman and Chief Executive of Condor Gold.
"Condor's geologists interpret the geological signatures as representing the top of a much larger gold mineralised system that, with further trenching and drilling, has the potential to develop into a supplementary lower-grade feeder pit to the La India process plant located 8km to the southwest," Child added.
Condor Gold shares were down 1.6% to 101.8 pence on Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Condor Gold (CNR)