Condor Gold (CNR)

Sector:

Mining

Index:

FTSE AIM All-Share

22.50p
   
  • Change Today:
    -0.25p
  • 52 Week High: 35.00
  • 52 Week Low: 14.00
  • Currency: UK Pounds
  • Shares Issued: 203.44m
  • Volume: 145,326
  • Market Cap: £45.77m
  • RiskGrade: 301

Condor Gold upbeat on latest drilling results from Mestiza

By Josh White

Date: Friday 24 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Condor Gold announced on Friday that the first phase of infill drilling of 39 holes for 3371.58 metres, using diamond core drilling, had been completed on the Mestiza open pit, with all assay results received.
The AIM-traded firm said the results were consistent with previous drilling grades and widths, demonstrating "good continuity" in gold mineralisation between adjacent drill holes in the high-grade zones, adding confidence to its geological model.

It said the total drilling programme on Mestiza pit was around 7,800 metres, with two drill rigs operating on site, meaning drilling should be completed within six weeks.

The primary objective of the programme was to convert the inferred mineral resource to a higher level of confidence indicated resource, for inclusion in an economic mineral reserve and prepare the permitted Mestiza open pit for extraction.

Condor highlighted a 4.1 metre true width at 15.23 grams of gold per tonne from 47.80 metres in hole LIDC514, approximately 40 metres below surface, and a 3.6 metre true width at 29.1 grams per tonne from 105.7 metres in hole LIDC471, around 85 metres below surface.

The board said the Mestiza pit had currently estimated fully-diluted feed mill feed in the September preliminary economic assessment of 499,000 tonnes at 5.37 grams of gold per tonne for 86,000 ounces of gold, and was targeted for early extraction.

"I am delighted with the initial results of the 7,800 metre infill drilling programme on our permitted high-grade Mestiza open pit, which is targeted for early production," said chairman and chief executive officer Mark Child.

"The high grade drill intercepts announced today may add to our mineral resource inventory at Mestiza, and possibly improve the project's economics, although this will only be confirmed at the conclusion of the drilling campaign.

"The tighter drill spacing has delivered relatively shallow, high grade drill intercepts which add considerable confidence to the existing monthly mine schedules."

At 1039 BST, shares in Condor Gold were down 1.27% at 39p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Condor Gold Market Data

Currency UK Pounds
Share Price 22.50p
Change Today -0.25p
% Change -1.10 %
52 Week High 35.00
52 Week Low 14.00
Volume 145,326
Shares Issued 203.44m
Market Cap £45.77m
RiskGrade 301

Condor Gold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.47% above the market average19.47% above the market average19.47% above the market average19.47% above the market average19.47% above the market average
21.21% above the sector average21.21% above the sector average21.21% above the sector average21.21% above the sector average21.21% above the sector average
Price Trend
37.40% above the market average37.40% above the market average37.40% above the market average37.40% above the market average37.40% above the market average
28.17% above the sector average28.17% above the sector average28.17% above the sector average28.17% above the sector average28.17% above the sector average
Income Not Available
Growth Not Available

Condor Gold Dividends

No dividends found

Trades for 14-Jun-2024

Time Volume / Share Price
16:29 1,650 @ 22.90p
15:37 56 @ 23.00p
15:37 50,000 @ 22.13p
15:04 1,000 @ 23.18p
14:39 21,487 @ 23.10p

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