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Condor Resources smashes gold resource target at La India project in Nicaragua

Friday, December 30, 2011

Condor Resources upgraded its resource for the La India project in Nicaragua to 1.62 million ounces of gold at 5.2 grams per tonne.

It follows the completion of almost 12,000 metres of drilling and the figure smashes the 1.5 million ounce target the company itself set for the year-end.

Chief executive Mark Child described achieving the landmark was an “amazing feat”. This is probably an apt description given the company’s resource base stood at just 41,000 ounces at 1.22 grams per tonne at the start of this year.

Original source: Proactive Investors