CNR Condor Gold Plc

TIDMCNR

RNS Number : 5182M

Condor Gold PLC

21 January 2016

 
                                                                               Condor Gold plc 
 
                                                                                   7(th) Floor 
                                                                         39 St. James's Street 
                                                                                        London 
                                                                                      SW1A 1JD 
                                                                    Telephone +44 020 74081067 
                                                                         Fax: +44 020 74938633 
 

21 January 2016

Condor Gold plc

("Condor" or "the Company")

Holding(s) In Company

Condor (AIM: CNR), the Nicaraguan focused gold exploration company, was notified yesterday that, as of 19 January 2016, Oracle Management Limited was interested in 3,704,645 Ordinary Shares representing 8.09% of Condor's issued share capital as a result of the acquisition of 150,000 Ordinary Shares.

- Ends -

For further information please visit www.condorgold.com or contact:

 
 Condor Gold plc            Mark Child, Executive Chairman 
                             and CEO 
                             +44 (0) 20 7408 1067 
 Beaumont Cornish Limited    Roland Cornish/ James 
                              Biddle 
                              +44 (0) 20 7628 3396 
 Numis Securities Limited   John Prior/James Black 
                             +44 (0) 20 7260 1000 
 Farm Street Media          Simon Robinson 
                             +44 (0) 7593 340107 
 

About Condor Gold plc:

Condor Gold plc was admitted to AIM on 31(st) May 2006. The Company is a gold exploration and development company with a focus on Central America.

Condor completed a Pre-Feasibility Study (PFS) and two Preliminary Economic Assessments (PEA) on La India Project in Nicaragua in December 2014. The PFS details an open pit gold mineral reserve of 6.9M tonnes at 3.0g/t gold for 675,000 oz gold producing 80,000 oz gold p.a. for 7 years. The PEA for the open pit only scenario details 100,000 oz gold production p.a. for 8 years whereas the PEA for a combination of open pit and underground details 140,000 oz gold production p.a. for 8 years. La India Project contains a total attributable mineral resource of 18.4Mt at 3.9g/t for 2.33M oz gold and 2.68M oz silver at 6.2g/t to the CIM Code.

In El Salvador, Condor has an attributable 1,004,000 oz gold equivalent at 2.6g/t JORC compliant resource. The resource calculations are compiled by independent geologists SRK Consulting (UK) Limited for Nicaragua and Ravensgate and Geosure for El Salvador.

Disclaimer

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 21, 2016 02:00 ET (07:00 GMT)

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