Condor considers smaller, high-grade openpit option for La India
Dual-listed Condor Gold is considering a high-grade openpit mining option as one of three scenarios for the La India project, in Nicaragua.
The high-grade option is for a smaller plant to minimise capital expenditure and maximise cashflow in the earlier years of production, chairperson and CEO Mark Child has explained.
The scenario delivers diluted tonnage of 1.64-million tonnes at 4.65 g/t gold for 245 000 oz.
“I am delighted with the preliminary results of the mining dilution studies by SRK on the America and Mestiza satellite feeder pits, which demonstrate that with a selective mining approach the feeder pits could contribute a diluted tonnage of 1 249 000 t for a diluted head grade of 4.76 g/t gold, containing 191 000 oz to the mine plan. When these feeder pits are added to the high-grade material within a series of ‘mini pits' containing 387 000 t at 4.29 g/t gold for 53 300 oz gold within the permitted La India openpit, the total diluted mill feed is 1 637 000 t at a 4.65 g/t gold diluted head grade containing 245 000 oz gold.
“This would support a 1 000 t/d production feed to either a small plant constructed by Condor or a toll milling agreement with nearby processing plants for approximately five years, while leaving the bulk of the La India openpit intact, along with the potential for underground production for a long-range development potential,” said Child.
Condor is running a number of scenarios for La India. The principle option is to proceed with the construction and development of the main, permitted La India openpit, with a target of 80 000 oz/y to 100 000 oz/y.
The second option is to add the high-grade feeder pits of Mestiza and America, which are currently being permitted, to the La India openpit, which will increase production to about 12 000 oz/y for seven years.
Comments
Research Reports
Projects
Latest News
Showroom
Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.
VISIT SHOWROOM
SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...
VISIT SHOWROOM
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
