Canadian Condor Gold aims to convert an historic Soviet mineral resource in Nicaragua (La India) to Canadian NI 43-101 standard. The compnay recently announced more results from continued drilling at the project. Results are excellent, and have identified a high grade ore shoot in the area of a major dilational bend, according to Condor Gold. The programme continues with two drill rigs and has now been expanded to 6,000 m in total.
Mark Child, Chairman and CEO comments:
"The drill result of 3.6 m at 23.3 g/t gold on the Tatiana vein is very encouraging because it is approximately 100 m below our previously reported drill intercept of 3.3 m at 28.3 g/t gold. This and neighbouring drill holes define a high grade shoot which is open down dip and along strike for approximately 300 m. In light of this, the drill programme has been modified from broadly 100 m centres, to include drilling some 50 m step out holes in this high grade zone.
La India Project consists of seven separate resources, most of them open along strike and at depth. It includes Mestiza, which hosts a NI 43-101-compliant Inferred mineral resource of 1,490 kt at 7.47 g/t (333,000 oz gold). Here, Soviet-backed drilling in 1991 estimated a Soviet-style mineral resource of 2,392 kt at 10.2 g/t gold (785,694 oz gold) (See RNS dated 22nd May 2017). The bulk of the resources are contained within the Tatiana vein, the largest of the four main veins on Mestiza.