Updated La India estimate includes new openpit resource
Dual-listed Condor Gold has received the results of an updated mineral resource estimate (MRE) for its La India project, where drilling proved two new satellite openpit resources.
The mineral resource update, prepared by SRK Consulting, includes 8 222 m of drilling completed since the previous mineral resource update in September 2014.
The MRE has indicated a new openpit mineral resource on Mestiza of 92 000 t at a grade of 12.1 g/t gold for 36 000 oz contained gold in the indicated category and 341 000 t at a grade of 7.7 g/t gold for 85 000 oz contained gold in the inferred category.
The four satellite openpits outside the main, permitted La India openpit have combined openpit resources of 206 000 t at 9.9 g/t gold for 66 000 oz gold in the indicated category and 2.13-million tonnes at 3.23 g/t gold for 221 000 oz gold in the inferred category.
The company will conduct mining studies to determine the possibility of adding the contained gold within the satellite pits to a mine schedule to supplement the ore feed from the permitted La India openpit to the processing plant. This has the possibility to either increase yearly production and/or extend the life-of-mine.
The MRE as at January 25, is 9.85-million tonnes at 3.6 g/t gold for 1.14-million ounces gold in the indicated category and 8.48-million tonnes at 4.3 g/t gold for 1.18-million ounces in the inferred category.
Further, it indicates a total openpit mineral resource of 8.58-million tonnes at a grade of 3.3 g/t gold for 902 000 oz gold in the indicated category and 3.01-million tonnes at a grade of 3.0 g/t gold for 290 000 oz gold in the inferred category.
There is a total underground mineral resources of 1.27-million tonnes at a grade of 5.8 g/t gold for 238 000 oz gold in the indicated category and 5.47-million tonnes at a grade of 5.1 g/t gold for 889 000 oz gold in the inferred category
Commenting in a statement on Monday, Condor Gold CEO and chairman Mark Child indicated that the update was a “timely reminder of the high-grade nature of this gold deposit”.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation