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Condor Resources' maiden Rio Luna gold resource takes company a step closer to 1.5 million ounces forecast

Monday, November 28, 2011

Condor Resources has announced an inferred resource of 87,000 ounces of gold equivalent to its Rio Luna concession in the central highlands of Nicaragua.

It nudges the group’s total resource base a little closer to the 1.5 million ounces being targeted by chairman Mark Child by the year end.

The bulk of the upgrade will come when Condor has compiled data on the Espinito Mendoza portion of the company’s flagship La India project, and after the results of its latest drilling campaign are collated.

Original Source: Proactive Investors