Condor Gold is listed on the AIM market of the London Stock Exchange and will shortly have a listing on the TSX under the symbol “COG”. On 27 th December 2017 the Company announced it had received a receipt from the Ontario Securities Commission for its non-offering final Prospectus and has become a reporting issuer in Ontario. The Prospectus is available on SEDAR and www.condorgold.com. The shares are expected to commence trading on the TSX in January 2018.
Condor Gold has published a Pre-Feasibility Study (“PFS”) on its wholly owned La India Project in Nicaragua. The PFS details an open pit gold mineral reserve in the Probable category of 6.9 million tonnes (“Mt”) at 3.0 grammes per tonne (“g/t”) gold for 675,000 ounces (“oz”) gold, producing 80,000 oz gold per annum for seven years. La India Project contains a mineral resource in the Indicated category of 9.6 Mt at 3.5 g/t for 1.08 million oz gold and a total mineral resource in the Inferred category of 8.5 Mt at 4.5 g/t for 1.23 million oz gold. The Indicated mineral resource is inclusive of the mineral reserve.
The strategy is to permit and construct a base case 2,200tpd processing plant detailed in the PFS and prove a major gold District.