TIDMCNR
RNS Number : 1885C
Condor Gold PLC
18 January 2018
Condor Gold plc
7th Floor
39 St. James's Street
London
SW1A 1JD
Telephone: +44 020 74932784
Fax: +44 020 74938633
18(th) January 2018
Condor Gold plc
("Condor", "Condor Gold" or the "Company")
APPOINTMENT OF CANADIAN BASED NON -EXECUTIVE DIRECTOR
Condor Gold (AIM: CNR; OTCQX: CNFGF; TSX: COG) is pleased to
announce that Mr Andrew Cheatle has been appointed, with immediate
effect, as a Non Executive Director of Condor Gold.
Mark Child, Chairman and Chief Executive Officer of Condor,
commented:
"I am delighted that Andrew Cheatle has joined the Board.
Following the dual listing on the TSX on 15(th) January 2018, it is
important to have a Canadian based Director to add gravitas and
effect introductions in Canada. Andrew until recently held a high
profile position as the Executive Director of Prospectors and
Developers Association of Canada (PDAC), the trade body
representing both exploration companies and producers. He has lived
in Canada for 18 years and worked in senior positions at Goldcorp,
AMEC plc, Treasury Metals, and Unigold Inc. I look forward to
working with Andrew to enhance shareholder value and deliver on the
strategy of permitting a new mine at Mina La India, Nicaragua and
proving a substantially bigger gold district".
Andrew Cheatle (P.Geo., MBA, FGC, ARSM.) is a mining industry
executive, professional geoscientist and graduate of the Royal
School of Mines at Imperial College, London. His 30-plus-year,
international career has encompassed both the senior and junior
mining sectors as an exploration geologist, mine geologist, General
Manager, Vice-President, Director, President and Chief Executive
Officer.
Andrew was Executive Director of Prospectors and Developers
Association of Canada (PDAC) from February 2015 to November 2017.
He has worked for both large gold producers and junior exploration
companies. Between 2000 and 2008 he worked as Chief Geologist at
Goldcorp/ Placer Dome Inc's Musselwhite Mine, Ontario, Canada.
Between 2008 and 2009 he was Principal Geologist at AMEC plc based
in Canada and in 2011 Vice-President Exploration at Treasury
Metals. Between 2011 and 2015 he was President and CEO of Unigold
Inc. and delivered a maiden 2 million ounce of gold mineral
resource at the flagship property in the Dominican Republic. In his
early career Andrew worked for 10 years for Anglo American
Corporation at the Vaal Reefs Gold Mine in South Africa as a
mineral resource manager and senior geologist. He will bring a
range of expertise covering the mining industry and exceptional
network in Canada to the Board of Condor.
Mr. Cheatle's education: BSc Hons - Geology, Royal School of
Mines, Imperial College, University of London, 1985
MBA - Capella University, Minneapolis, USA. 2005
Affiliations: P.Geo., Association of Professional Geoscientists of Ontario.
Fellow, Geological Society, London.
Andrew Mark Cheatle (aged 54) has held the following
directorships and / or partnerships in the past 5 years:
Current: International Women in Mining C.I.C.
Past: Unigold Inc.,
Minexco Minerals.
Mr. Cheatle is eligible to be a Qualified Person under NI 43-101
(as defined below) by virtue of his professional affiliation,
qualifications and experience.
Mr. Cheatle does not currently own any shares or warrants in the
Company.
There is no further information on Mr. Cheatle to be disclosed
under Schedule Two, paragraph (g) (i) -(viii) of the AIM Rules for
Companies.
- Ends -
For further information please visit www.condorgold.com or
contact:
Condor Gold plc Mark Child, Chairman and CEO
+44 (0) 20 7493 2784
Beaumont Cornish Roland Cornish and James Biddle
Limited +44 (0) 20 7628 3396
Numis Securities John Prior and James Black
Limited +44 (0) 20 7260 1000
Blytheweigh Tim Blythe, Camilla Horsfall
and Megan Ray
+44 (0) 20 7138 3204
About Condor Gold plc:
Condor Gold plc was admitted to AIM on 31 May 2006. The Company
is a gold exploration and development company with a focus on
Central America.
Condor published a Pre-Feasibility Study ("PFS") on its wholly
owned La India Project in Nicaragua in December 2014, as summarized
in the Technical Report (as defined below). The PFS details an open
pit gold mineral reserve in the Probable category of 6.9 million
metric tonnes ("Mt") at 3.0 grams per tonne ("g/t") gold for
675,000 oz gold, producing 80,000 oz gold per annum for seven
years. La India Project contains a mineral resource in the
Indicated category of 9.6 Mt at 3.5 g/t for 1.08 million oz gold
and a total mineral resource in the Inferred category of 8.5 Mt at
4.5 g/t for 1.23 million oz gold. The Indicated mineral resource is
inclusive of the mineral reserve.
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.
Technical Information
The disclosure contained in this news release of a scientific or
technical nature has been summarized or extracted from the
technical report entitled "Technical Report on the La India Gold
Project, Nicaragua, December 2014", dated November 13, 2017 with an
effective date of December 21, 2014 (the "Technical Report"),
prepared in accordance with National Instrument 43-101 - Standards
of Disclosure for Mineral Projects ("NI 43-101"). The Technical
Report was prepared by or under the supervision of Tim Lucks,
Principal Consultant (Geology & Project Management), Gabor
Bacsfalusi, Principal Consultant (Mining), Benjamin Parsons,
Principal Consultant (Resource Geology), each of SRK Consulting
(UK) Limited, and Neil Lincoln of Lycopodium Minerals Canada Ltd.,
each of whom is an independent Qualified Person as such term is
defined in NI 43-101.
Forward Looking Statements
Certain statements in this news release constitute
forward-looking information under applicable Canadian securities
laws. These statements relate to future events or future
performance and include, but are not limited to, estimates of
mineral resources and mineral reserves, the Company's ability to
enhance shareholder value and deliver on its strategy for the La
India Project, and future gold production at the La India Project.
All statements other than statements of historical fact may be
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as "seek",
"anticipate", "plan", "continue", "objectives", "strategies",
"estimate", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should",
"believe" and similar expressions. These statements involve known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. The Company
believes the expectations reflected in those forward-looking
statements are reasonable but no assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this news release should not be unduly
relied upon. The Company does not undertake any obligation to
update forward-looking statements except as required by applicable
securities laws.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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