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Condor Resources upbeat despite widening half-year losses. Current resource doubled for La India project in Nicaragua

Friday, September 23, 2011

Condor Resources hailed its outlook "highly promising," despite doubling its half-year losses.

The AIM-traded explorer is continuing with its objective to double the current resource for its La India Project, Nicaragua, to two million ounces.

Once that figure is reached, it will decide whether to continue drilling to increase the overall size of the resource or infill drill to take the project to a bankable feasibility study.

Original source: Interactive Investor