Wednesday, May 12News That Matters

Tag: Nicaragua

Condor Gold up 29% on Nicaragua drilling replace

Condor Gold Plc [COG-TSX; CNR-AIM] on Thursday April 29 stated it has executed infill drilling on two proposed starter pits at its 100%-owned La India Challenge in Nicaragua. All assays have now been obtained from the Northern starter pit, the company stated in a commentary. The news follows essentially the most modern announcement that Condor has agreed to steal a brand fresh SAG mill from First Majestic Silver Corp. [FR-TSX; AG-NYSE; FMV-FSE] for US$6.5 million. It stated the fresh SAG mill kinds stage one amongst producing, which is anticipated to be at a rate of 80,000 to 100,000 oz. each 12 months. The 2 deliberate excessive-grade starter pits (as a lot as 35 metres deep) have now been drill tested at 25 metre by 25 metre spacing. The sta...