Last checked at 26 Feb 2015 07:01
| Condor Gold plc 7th Floor 39 St. James's Street London SW1A 1JD Telephone +44 020 74081067 Fax: +44 020 74938633 |
26th February 2015
Condor Gold plc
(Condor or the Company)
Condor Gold PLC (LON: CNR) is an AIM listed junior exploration company revitalizing the historic La India gold mining district of Nicaragua and will be attending the PDAC Convention in Toronto from the 1st March - 4th March 2015. They will be exhibiting at Booth 2946. Mark Child, Chairman and CEO is scheduled to speak on Tuesday 3rd March at 2:20pm at room 801B, MTCC South Building.
Condor Gold has produced a global N.I. 43-101 mineral resource estimate of 2.33M oz gold at 4.0g/t gold including open pit resources of over 1M oz at 3.0g/t gold. The Dec 2014 N.I. 43-101 Pre-Feasibility Study demonstrated the 675,000 oz open pit reserve could produce 80,000 oz gold p.a. for 7 years, while two Preliminary Economic Assessments completed at the same time show the addition of two feeder pit would increase open pit production to 100,000 oz p.a. for 8 years. The inclusion of underground resources would increase annual production to 140,000 oz gold. All-in sustaining cash costs are under US$700 per oz gold for each production scenario. In 2015, Condor is de-risking the project by applying for permits and acquiring surface rights and has recently started a 4,000m drilling programme aimed at demonstrating further upside in La India Project.
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For further information please visit www.condorgold.com or contact:
Condor Gold plc Mark Child, Executive Chairman and CEO
+44 (0) 20 7493 2784
Farm Street Media Simon Robinson
+44 (0) 7593 340107