Announcement Date: 2022-05-23
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Condor Gold Plc
Project name: La India
Location: Nicaragua
Commodities: Gold,Silver
Highlight: Drilling results incl. 50.7m @ 2.56g/t Au, 7g/t Ag from 2.8m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Condor Gold (AIM: CNR; TSX: COG) is pleased to announce significant assay results from the sampling of geotechnical drill holes on the La India Open Pit. These intercepts are located within and between the planned high-grade starter pits and provide additional confidence to the mineral resource in this key area. Condor announced the completion of 21 geotechnical drill holes on the planned La India Open Pit in an RNS dated 30th November 2021. The drilling was designed to provide drill core samples through all sides of the pit wall in order to collect geotechnical information to analyse and to determine the geotechnical parameters for the final pit design to a Feasibility Study (FS) level of detail, which is to plus or minus 15% accuracy. In all cases the drill holes were collared within the open pit shell and angled to pass through the pit wall at a pre-determined location in order to sample the rock mass that will eventually form the pit wall. Three of the geotechnical holes were drilled through the principal La India mineralised zone to test the pit walls on the footwall side of the pit. The drill core collected through the mineralised zone effectively provides additional infill drill samples, and this material was assayed after the geotechnical test work had been completed.
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