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Condor Gold reports La India drill results

Published by
Global Mining Review,


Condor Gold has announced that the first 40 drill holes for a combined 2170 m of diamond drill core have been completed on the La India Starter Pit infill drilling programme (see RNS announcements dated the 7 December 2020, 19 January and 9 March 2021).

The primary objective of the drilling programme is to provide 25 m spaced drill sampling within the two, high-grade starter pits (up to 35 m deep) within the main La India Open Pit mineral reserve. As already announced, drilling on the Northern Starter Pit has been completed with 25 drill holes for 1273 m, four of which have twinned existing RC drill holes. Drilling is nearing completion on the Southern Starter Pit with 15 holes for 897 m completed, also including four RC-twin holes. Drill results have now been received for a total of six drill holes which are all located at the northern end of the Northern Starter Pit, two of which (LIDC404 and LIDC405) have been previously reported. The drilling results received to date support, and add considerable confidence to, the geological model used in the mineral resource and reserve estimation and mine plan, and include two significant intercepts.

Highlights

  • LIDC406 intersected 17.9 m (17.4 m true width) at 3.27 g/t gold from 24.55 m drill depth, including 2.1 m at 15.1 g/t gold from 36 m drilled depth.
  • LIDC412 intersected 7.65 m (7.5 m true width) at 3.55 g/t from 19 m drill depth.
  • 40 drill holes for a combined 2170 m of infill and RC replacement drilling completed within La India Starter Pits.

Mark Child, Chairman and CEO, commented: “A drill intersect in LIDC406 of 17.9 m (17.4 m true width) at 3.27 g/t gold from 24.55 m drill depth, including 2.1 m at 15.1 g/t gold is highly encouraging and adds considerable confidence to the geological model, the mineral resource and reserve calculation and mine plan. The drill intercept is within the northern La India Starter pit, which is within the fully permitted main La India opencast mineral reserve. The geology team has done an excellent job and completed 40 drill holes for a combined 2170 m of infill and RC replacement drilling within the two La India starter pits. Assay results for only 6 drill holes have been received to date. Approximately 1400 m drilling remains to be completed of the current drill programme.”

Latest assay results

Results have now been received for the first six drill holes which were all located at the northern end of the Northern Starter Pit. The results of the first two holes only tested the footwall part of the main mineralised structure. The latest results include two drill holes that sampled the entire main mineralised structure. Both of these drill holes returned significant gold intercepts, confirming continuity of gold mineralisation in the La India structure and supporting the geological model used in the mineral resource and reserve estimation:

  1. Drill hole LIDC406 tested a zone where the main mineralised structure bifurcates into two close spaced vein stacks, both of which are strongly brecciated along the structure. Shallow level artisanal mining activity was intersected, but it has only stoped a 0.8 m width of the upper structure. Both mineralised structures have returned significant intercepts of 17.9 m (17.4 m true width) at 3.27 g/t gold from 24.55 m drill depth, including both:
    • 4.45 m (4.3 m true width) at 4.2 g/t gold from 24.55 m drill depth.
    • 9.35 m (9.1 m true width) at 4.2 g/t gold from 33.9 m drill depth, including 2.1 m at 15.13 g/t.
  2. Drill hole LIDC412 was drilled approximately 50 m along strike to the southwest of LIDC406 where the mineralisation merges to form one single main mineralised structure. This hole also returned a significant drill intercept of 7.65 m (7.5 m true width) at 3.55 g/t gold from 19 m drill depth which is consistent with the geological model.

The remaining two drill holes (LIDC407 and LIDC408) were both collared (started) within the surface expression of the main mineralised zone drilling. The Main Zone mineralisation has been interpreted as being eroded where LIDC407 was started, but an intercept of 4.4 m (4.3 m true width) at 3.2 g/t gold shows that there is gold mineralisation in the footwall at grades that warrant further investigation.

Read the article online at: https://www.globalminingreview.com/exploration-development/02042021/condor-gold-reports-la-india-drill-results/

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