Condor Gold PLC PDAC Convention
February 26 2015 - 2:04AM
RNS Non-Regulatory
TIDMCNR
Condor Gold PLC
26 February 2015
Condor Gold plc
7(th) Floor
39 St. James's Street
London SW1A 1JD Telephone +44 020
74081067
Fax: +44 020 74938633
26(th) 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.
- Ends -
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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