Condor Gold announces La India final drilling results

The highlight new drill result is LIDC464 of 6.6 m true width at 10.51 g/t gold.

The drilling programme has successfully completed four objectives:

• Firstly, to tighten the drill hole spacing to 25 m by 25 m within high grade starter pits within the fully permitted La India open pit.
• Secondly, to provide the sample density required to finalise pit designs and mine schedules ahead of production.
• Thirdly, the diamond drilling programme has replaced all historical RC drill holes within the overall La India opencast mineral resource and mineral reserve, the results of which will improve the integrity of the geological model and sample quality.
• Lastly, the diamond drilling targeted nearby inferred mineral resources to potentially upgrade the target to an indicated mineral resource, and its then potential inclusion in the mine plan.

Highlights

• 3370 m diamond core drilling programme completed, all assay results have been received and all significant intercepts have been reported, including:
  • Drill hole LIDC413: 22.05 m (21.6 m true width) at 6.48 g/t gold from 24.75 m drill depth including 15.35 m (15 m true width) at 8.68 g/t gold from 24.75 m drilled depth.
  • Drill hole LIDC452: 60.60 m (54.5 m true width) at 1.98 g/t gold from 4.15 m drill depth, including 5.75 m (5.2 m true width) at 16.88 g/t gold from 42.55 m drill depth. The drill hole is located between the two proposed starter pits.
  • Drill hole LIDC416: 16 m (15.7 m true width) at 5.30 g/t gold from 18.35 m drill depth, including 5.90 m (5.8 m true width) at 12.35 g/t gold from 22.10 m drilled depth.
• The wide zone of gold mineralisation of 54.5 m true width at 1.98 g/t gold near surface has the potential to reduce the strip ratio in the area between the starter pits due to the increase in gold mineralised tonnage verses waste rock, thus potentially improving project economics.
• Potential to amalgamate the two starter pits into a single, larger starter pit as a broad zone of high grade gold mineralisation including a high grade intercept was previously interpreted as a low grade zone within the main La India opencast.

Mark Child, Chairman and CEO, commented: “All assay results for a 3370 m diamond core drill programme have been received.

“This has been a very successful drill programme and achieved a number of key objectives: Firstly, the geological model has been re-affirmed and is now more robust following a close spaced 25 m by 25 m drill programme in the starter pits with some drill assay results better than expected. Secondly, the starter pits are now ‘shovel ready’, are within 35 m of surface and will provide early high-grade mill feed for the recently purchased SAG Mill. The replacement of RC drill holes with diamond core drilling strengthens the geological model ahead of production. Project economics are likely to improve with A) confirmation of a broad zone of mineralisation between the starter pits which should reduce the overall strip ratio and B) the discovery of an additional vein in the footwall.”

Read the article online at: https://www.globalminingreview.com/exploration-development/19082021/condor-gold-announces-la-india-final-drilling-results/