Condor Gold PLC - gold exploration and development in Nicaragua - Says the first 40 drill holes for a combined 2,170 metres of diamond drill core have been completed on the La India Starter Pit infill drilling programme. Says drill intersect in LIDC406 at 17.90 metres at 3.27 grams per tonne from 24.55m drill depth, including 2.1m at 15.1 grams per tonne of gold from 36.0m drilled depth.
Chair & CEO Mark Child says results are "highly encouraging and adds considerable confidence to the geological model, the mineral resource and reserve calculation and mine plan".
Current stock price: 47.50 pence
Year-to-date change: down 8.7%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Condor Gold (CNR)