Condor Gold mentioned the end result provides confidence to the assumption that Condor might turn into a possible satellite tv for pc deposit for processing on the firm’s totally permitted plant to be situated 4 km away.
The announcement comes per week after the corporate outlined two mining scenarios for La India in an up to date technical examine.
Condor Gold staked concessions in Nicaragua, Central America’s largest nation, in 2006. Since then, mining has considerably taken off within the nation because of the arrival of international corporations with the money and experience to faucet into present reserves.
The federal government of Nicaragua granted Condor in 2019 the 132.1 km2 Los Cerritos exploration and exploitation concession, which expanded the La India venture concession space by 29% to a complete of 587.7 km2.
Condor additionally attracted a accomplice — Nicaragua Milling. The privately held firm, which took a ten.4% stake within the miner in September final 12 months, has operated within the nation for 20 years.