REG - Condor Gold PLC - Confirmation of time for Condor AGM

Condor GoldAnnouncement

10/05/2023 11:00

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RNS Number : 9641Y  Condor Gold PLC  10 May 2023

 

 

   Condor Gold plc

   7/8 Innovation Place

   Douglas Drive

   Godalming, Surrey

   GU7 1JX

   Tel: +44 (0) 207 493 2784

10 May 2023

 

Condor Gold Plc

("Condor Gold","Condor" or the "Company")

 

Confirmation of time for Condor AGM

 

 

Condor Gold (AIM: CNR; TSX: COG) advises that the Company's AGM is to be held
at 2.00pm today, 10 May 2023, at 7/8 Innovation Place, Godalming, Surrey, GU7
1JX, United Kingdom as contained in the Notice of AGM that is available on the
Company's website and was sent to Shareholders.

- Ends -

For further information please visit www.condorgold.com or contact:

 Condor Gold plc                 Mark Child, Chairman and CEO

                                 +44 (0) 20 7493 2784
 Beaumont Cornish Limited         Roland Cornish and James Biddle

                                 +44 (0) 20 7628 3396
 SP Angel Corporate Finance LLP

                                 Ewan Leggat

                                 +44 (0) 20 3470 0470
 BlytheRay                       Tim Blythe and Megan Ray

                                 +44 (0) 20 7138 3204

 

 

About Condor Gold plc:

 

Condor Gold plc was admitted to AIM in May 2006 and dual listed on the TSX in
January 2018. The Company is a gold exploration and development company with a
focus on Nicaragua.

 

In August 2018, the Company announced that the Ministry of the Environment in
Nicaragua had granted the Environmental Permit ("EP") for the development,
construction and operation of a processing plant with capacity to process up
to 2,800 tonnes per day at its wholly-owned La India gold Project ("La India
Project"). The EP is considered the master permit for mining operations in
Nicaragua. Condor has purchased a new SAG Mill, which has mainly arrived in
Nicaragua. Site clearance and preparation is at an advanced stage.

 

La India Project contains a Mineral Resource of 9,850 Kt at 3.6 g/t gold for
1.14 M oz gold in the Indicated category and 8,479 Kt at 4.3 g/t gold for 1.18
M oz gold in the Inferred category. A gold price of $1,500/oz and a cut-off
grade of 0.5 g/t and 2.0 g/t gold were assumed for open pit and underground
resources, respectively. A cut-off grade of 1.5 g/t gold was furthermore
applied within a part of the Inferred Resource. Mineral Resources are not
Mineral Reserves and do not have demonstrated economic viability. There is no
certainty that any part of the Mineral Resources will be converted to Mineral
Reserves.

Environmental Permits were granted in April and May 2020 for the Mestiza and
America open pits respectively, both located close to La India. The Mestiza
open pit hosts 92 Kt at a grade of 12.1 g/t gold (36,000 oz contained gold) in
the Indicated Mineral Resource category and 341 Kt at a grade of 7.7 g/t gold
(85,000 oz contained gold) in the Inferred Mineral Resource category. The
America open pit hosts 114 Kt at a grade of 8.1 g/t gold (30,000 oz) in the
Indicated Mineral Resource category and 677 Kt at a grade of 3.1 g/t gold
(67,000 oz) in the Inferred Mineral Resource category. Following the
permitting of the Mestiza and America open pits, together with the La India
Open Pit Condor has 1.12 M oz gold open pit Mineral Resources permitted for
extraction.

 

Disclaimer

 

Neither the contents of the Company's website nor the contents of any website
accessible from hyperlinks on the Company's website (or any other website) is
incorporated into, or forms part of, this announcement.

 

 

 

 

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