Condor Gold announces La India assay results

Highlights

• Drill hole LIGT536: 34.1 m true width at 2.56 g/t gold (Au) amalgamated from 2.8 m drill depth, including 6 m at 4.3 g/t Au, 2 m at 5.3 g/t Au and 3.65 m at 8.75 g/t Au, located within the planned Northern Starter Pit.
• Drill hole LIGT528: 28.7 m true width at 2.62 g/t Au in the hanging-wall of historic mine workings.
• Drill hole LIGT531: 5.3 m true width at 3.11 g/t Au from 36 m drill depth, and 5.1 m true width at 2.7 g/t Au from 51.45 m drill depth; located in an area that has previously been interpreted as a low-grade zone between two high-grade shoots that host the planned starter pits.

Mark Child, Chairman and CEO, commented: “A wide zone of 34.1 m true width of good opencast grade gold mineralisation of 2.56 g/t Au from only 2.8 m drill depth is ideal material as initial mill feed for the permitted processing plant and supports the attractive project economics and 12 month pay back detailed in the PEA technical report filed in October 2021. This was a geotechnical drill hole within La India opencast that was initially surveyed and analysed for structures and rock strength, which once completed, was assayed for gold and silver. It adds confidence to the geological model for the forthcoming feasibility study and serves as a timely reminder of the wide zones of material with good opencast gold grade available near surface within the fully permitted La India Project.”

Assay results

The twin geotechnical drill holes LIGT528 and LIGT536 have provided a useful additional infill in the planned Northern Starter Pit. The drill holes returned similar intercepts of 41.05 m (28.7 m true width) at 2.62 g/t Au and 44.85 m (30.2 m true width) at 2.55 g/t Au in the hangingwall of the historic mine workings.

Of these, only LIGT536 successfully drilled into the historic mine footwall to return an amalgamated hangingwall and footwall intercept of 50.7 m (34.1 m true width) at 2.56 g/t Au from 2.80 m drill depth. This intercept includes three high-grade veins in the hangingwall of 6 m true width at 4.3 g/t Au, 2 m true width at 5.31 g/t Au and 3.6 m true width at 8.75 g/t Au, as well as a 3 m wide mine cavity. These twin holes have returned the 8th and 10th best intercepts to-date on the La India Vein.

Geotechnical drill hole LIGT531 was drilled 150 m along strike to the southwest in the zone between the two planned starter pits. The assay results confirmed significant mineralisation at depth between the two starter pits in the segment where the La India Vein splits in two: returning significant intercepts of 7.6 m (5.3 m true width) at 3.11 g/t Au from 36 m drill depth (the upper La India vein), and 7.35 m (5.1 m true width) at 2.7 g/t Au from 51.45 m drill depth (the lower La India vein). These assay results add confidence to the geological model.

Read the article online at: https://www.globalminingreview.com/exploration-development/25052022/condor-gold-announces-la-india-assay-results/