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Condor receives green light for Nicaragua concession

Wednesday, October 24, 2012

Condor Gold, a British-based exploration company, revealed it has been given the green light to buy the La Mojarra concession in Nicaragua.

The company unveiled plans to buy the 27-square kilometer license two weeks ago for just over $1 million in cash and shares. Today it said La Mojarra will pass to its wholly-owned Nicaraguan subsidiary La India Gold.

La Mojarra lies next to the southern extension of the La India vein set, the source of some of Condor’s most impressive drill results.

Source: ProactiveInvestors