Condor Gold (TSX: COG) today reported that all results have been received for forty-five diamond core drill holes that were conducted in and beneath the La India starter pits. Drilling has confirmed that the pits contain roughly 447Kt at 4.17 g/t gold for a total of 59,672 ounces.
Drilling operations within the Southern Starter Pit shell consisted of eighteen added infill drill holes that measured up to 917 metres. The holes are placed 25 metres apart throughout the starter pit shell. Drilling below the southern starter pit encompassed four drill holes for 251.60 metres. Twenty one infill holes meanwhile were conducted at the Northern Starter Pit, where a total of 1177.35 metres were drilled, including the twinning of select holes.
A total of six holes saw their assays released this morning, which comprise of the remainder for the current drill program. Condor outlined the following results, among others:
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- Hole LIDC442 intercepted 6.26 g/t gold over 8.1 metres true width.
- Hole LIDC448 intercepted 6.05 g/t gold over 5.8 metres true width.
- Hole LIDC436 intercepted 2.36 g/t gold over 11.9 metres true width.
On the 25th of January 2019, an updated mineral resource estimate was released which was inclusive of the La India Starter Pits, and was based on a grid of 50 metres of spacing between drilling intercepts. The project currently has a resource estimate of 1.14 million ounces of gold on an indicated basis and 1.18 million ounces of gold on an inferred basis.
Condor Gold last traded on the TSX at $0.87.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization unless otherwise mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
