Condor Gold says work underway on 10,000m drilling programme at La India Project

Condor Gold said work is now underway on a 10,000m drilling programme for 2017 at the La India Project in Nicaragua, with a view to resource expansion and identification of new resources.

It said the drilling followed a placing that raised £5.242m in February.

The drilling's objectives were to increase the existing mineral resource (18 Mt at 4.0 g/t Au for 2.31 Moz gold) over the La India Project, and identify new resources hosted in additional veins sets on the 313 sq km project and demonstrate a major gold district.

At 13:03 GMT, shares in Condor Gold were down 0.77% to 64.5p each.