Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Nicaraguan prospects cheer Condor Gold

By Robert Tyerman

27 June 2014 07:41

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Mark Child, the former corporate financier who steers Central America-focused AIM company Condor Gold (CNR), draws encouragement from latest trenching results at the company’s La India mine re-launch project in the east of Nicaragua. He and his fellow directors now await the completion of a pre-feasibility study, expected in September. Condor, where Child and the Hong Kong-based Regent Pacific mining group hold around 10 per cent each, says a preliminary economic assessment last year suggested La India, an epithermal gold deposit from which US miner Noranda produced up to 40,000 oz. a year until 1956, still held 2.33 million oz. This is with an average 3.8grams of gold per tonne of ore, of which the firmer ‘indicated’ category was 1.1 million oz. with 3grams a tonne. Child argues the trenching has confirmed previous work done by the Americans and high-grade artisanal miners’ workings.

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Comments

wildrides

27 June 2014, 08:30

Its an old Russian mine . They have been scrapping around for four years now trying too get enough OZS together .

Made some money from it early on . but its all in the price these days .
wildrides

27 June 2014, 11:09

PS

notice that the condor emblem shown above is a dead condor falling from the sky on its back with its legs pointed upwards , in a dead like fashion . Like a dead thing subjected to gravity … going down .

Tells you all you need to know really .

am I being clear ?