By Michael Millar
Date: Thursday 11 Oct 2012
LONDON (ShareCast) - Condor Gold said it had bought the concession next to its La India Project in Nicaragua for just over one million dollars.
It thinks there is a possibility its La India gold resource could extend onto the newly purchased La Mojarra Concession.
The company added there was a chance of additional gold mineralised resources elsewhere on the 27sq km concession.
The $1.01m cost of La Mojarra is to be paid in cash and shares.
Chief Executive Mark Childs said: "An initial assessment of La Mojarra Concession surmises that the surface geological features suggest the potential for the discovery of significant buried gold mineralisation".
"Condor will initiate a geophysics programme on La Mojarra and other concessions in La India Project within the next six months," he said.
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 32.50p |
Change Today | -0.50p |
% Change | -1.52 % |
52 Week High | 33.75 |
52 Week Low | 14.00 |
Volume | 417,368 |
Shares Issued | 199.87m |
Market Cap | £64.96m |
RiskGrade | 301 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
No dividends found |
Time | Volume / Share Price |
15:33 | 100,000 @ 32.90p |
15:40 | 50,000 @ 32.80p |
15:35 | 50,000 @ 32.67p |
16:06 | 25,000 @ 32.88p |
15:54 | 25,000 @ 32.50p |
You are here: research