JOHANNESBURG (miningweekly.com) – Following a successful structural geology study conducted last year, Aim-listed gold explorer Condor Gold has initiated an additional 242 km² soil survey programme at its La India project, in Nicaragua, aimed at identifying additional prospects and demonstrating the district-scale gold potential of the operation.
Last year’s geological study identified 33 new exploration targets and a 71 km² soil survey that identified 13 new exploration targets. The initial success of the study highlighted a 12.5 km mineralised corridor 9 km north of the main La India openpit resource, with high-grade rock chip containing 53.9 g/t gold.
In the first half of this year, Condor expanded the soil survey to cover the remaining 242 km² of the La India project to delineate further prospects and to demonstrate the district-scale gold potential.
Condor CEO Mark Child highlighted the recent work by Condor as “highly encouraging”, adding that the company would follow up with planned trenching in the area.
Meanwhile, Dr Warren Pratt joined Condor as a senior geological consultant and would focus on the exploration upside of the project, producing a detailed geological, stratigraphic and structural map of the La India project.
“I am delighted that Dr Pratt has joined Condor as a senior geological consultant. Earlier this month, he spent two weeks at Mina La India and will lead the production of a detailed geological, stratigraphic and structural map across the entire district. Dr Pratt contributed to the due diligence ahead of the recent investment in the company by [mining legend and Pan American Silver chairperson] Ross Beaty and strengthens the geological team," concluded Child.