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.
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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.