12th Jun 2014 13:24
LONDON (Alliance News) - Condor Gold PLC Thursday said it has extended the original trenching programme at its wholly-owned La India gold project in Nicaragua in response to further geological interpretation and positive assay results.
The gold exploration company said it is at an advanced stage of a pre-feasibility study on the La India project.
The company said its on-going trench sampling programme, which has been underway since February with an original programme of 1,400 metres, has been extended to approximately 3,500 metres.
The trenching is testing four regional targets that were identified as having near-surface gold mineralisation in geological structural settings, conducive to the development of wide zones of mineralisation considered exploration targets for open-pit resources.
Condor Gold said Real de la Cruz Concession and San Lucas - two of the regional exploration targets - have returned positive trench results.
Condor Gold shares were up 1.2% at 84.00 pence Thursday afternoon.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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