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Condor Resources to buy Espinito Mendoza concession in Nicaragua’s La India district. Acquires 100 percent ownership

Wednesday, August 24, 2011

\ Canada’s Condor Resources has entered into a legally binding agreement to acquire 100 percent ownership of the Espinito Mendoza concession in the La India Gold Mining District in Nicaragua.\ \ The concession lies within the company's 80 percent-owned La India and Espinito San Pablo concessions and contains the last significant known gold mineralisation within the district that was not previously under Condor's control.\ \ According to the company, the concession covers a rectangular two-sq km area containing one of the highest concentrations of epithermal veins in the district.\ \ Original source: Energy Business Review\ \ \ \