Nicaragua: Condor Resources Defines 3 Gold Deposits

The company said it has found 3 gold deposits in the concession known as "El Rodeo".

Thursday, November 25, 2010

These areas are located on the gold vein called "Andrea" in the mining district of La India.

Condor Resources PLC announced that exploratory drilling found the highest gold grade discovered to date at the concession.

Mark Child, Chairman of the company, explained that "most of the 1.84 million ounces of gold estimated in Condor's concessions are between 200 and 500 meters deep."

The company has a total of 8 concessions of 191 square kilometers in Nicaragua and 4 concessions of 175 square kilometers in El Salvador.

More on this topic

Nicaragua: Efforts to Maximize Gold Production

January 2016

In 2016 mining companies are proposing to increase productivity in order to offset the dip seen in the international price of the metal.

Achieving "more with less" is the premise of companies operating gold mining concessions in the country, who project that the international price of gold will remain at the same levels it has been since 2011.

Gold Fever in Nicaragua

August 2011

The growth of the Nicaraguan economy is being led by the mining sector, with gold being the standard bearer.

The Canadian mining corporation B2Gold, owner of the concessions in Nicaragua for the Mines El Limón (Leon) and La Libertad (Chontales), has opened offices in the municipality of Santo Domingo, Chontales, an area for which they have an exploration concession "with good potential to become a new mine. "

Nicaragua: B2Gold Finds Gold Near Orosi

January 2010

The company announced exploration results from the Jabali vein, located nine kilometers east of its 100% owned Orosi Mine.

The Orosi Mine commenced production in January 2010.

The Jabali vein system is at the east end of a 20 kilometre long belt of gold bearing veins on the Orosi property.

Mining Exploration Concession in Nicaragua

May 2009

Condor Resources Plc Company won the concession for mining exploration in Santa Barbara, an area of 16 square km.

The international company has concessions in Nicaragua and El Salvador. The new Santa Barbara concession is adjacent to Cacao concession which is 16 square kilometers and also held by Condor.

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