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.

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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.

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Mining Exploration Concession in Nicaragua

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

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