Resource News

Condor Gold (AIM:CNR), announced that they have acquired the 86.4 sq km ‘HEMCO-SRP-NS’ Concession for a US$275,000 payable by way of issuing new ordinary shares in Condor Gold

Condor Gold  (AIM:CNR), announced that they have acquired the 86.4 sq km ‘HEMCO-SRP-NS’ Concession for a US$275,000 payable by way of issuing new ordinary shares in Condor Gold.

As quoted in the press release:

Highlights

  • 86.4 sq km Concession covering a potential 13km strike extension to the America and Mestiza Vein Sets.
  • Consideration of US$275,000 payable by issuing new ordinary shares in Condor Gold plc at a price of £2.00 per share.
  • Four areas of quartz veining identified, indicating epithermal fluid movement.
  • Historically poorly explored area due to poor access.

Condor’s Chairman and CEO, Mark Child, said:

The dominant trend of the quartz veins that comprise La India Project is from the North-West to the South-East. Preliminary field work by Condor’s geologists indicates that the veins within the America Vein Set which hosts a resource of 405,000 oz gold at 6.0g/t and the Mestiza Vein Set which hosts a resource of 334,000 oz gold at 7.0g/t are open to the North West and trend into the HEMCO Concession. 

To view the full press release, click here. 

Featured

MARKETS

Markets
TSX19699.05-138.20
TSXV667.25-33.65
DOW31730.30-103.81
S&P 5003930.08-5.10
NASD11370.96+6.73
ASX6941.00-123.70

COMMODITIES

Commodities
Gold1817.44-3.04
Silver20.79-0.01
Copper4.07-0.03
Palladium1934.50+1.50
Platinum951.50+4.50
Oil107.86+1.73
Heating Oil3.76+0.02
Natural Gas7.87+0.13

DOWNLOAD FREE REPORTS

×