UK-based miner Condor Gold has an-nounced the completion of the first phase of of infill drilling of 39 drill holes for 3371.58 metres using diamond core drilling on the Mestiza Open Pit. The asset is part of the company’s La India gold project in Nicaragua.
Condor Gold’s preliminary economic assessment (PEA) from Sep-tember 2021 estimated that “the Mestiza Open Pit can currently de-liver a fully diluted mill feed of 499Kt at 5.37g/t gold for 86,000 oz gold. The tighter drill spacing has delivered relatively shallow, high grade drill intercepts which add considerable confidence to the exist-ing monthly mine schedules,” the company said in a statement.
Mark Child, the chairman and CEO of Condor Gold, said that the “high grade drill intercepts announced today … may add to our min-eral resource inventory at Mestiza and possibly improve the Project's economics, although this will only be confirmed at the conclusion of this drilling campaign.”