“Two viewing platforms over the plant area have already been constructed. 25 geotechnical test pits have been completed to aid with the design of the plant layout,” said Mark Child, Condor Gold Chairman and CEO.
According to a mineral resource estimate completed in January 2019, the La India project comprises 9.85 million tonnes at 3.6 g/t gold for 1.14 million oz gold in the indicated category, as well as 8.48 million tonnes at 4.3 g/t gold for 1.17 million oz gold in the inferred category.
The La India vein set hosts an open pit mineral resource of about 8.37 million tonnes at 3.1 g/t gold for 837,000 oz gold in the indicated category and 887,000 tonnes at 2.4 g/t gold for 69,000 oz gold in the inferred category.
Beneath the La India open pit is an underground mineral resource estimate of 678,000 tonnes at 4.9 g/t gold for 107,000 oz gold in the indicated category and 1.71 million tonnes at 5.6 g/t gold for 309,000 oz gold in the inferred category.
The la India open pit hosts probable mineral reserves of 6.9 million tonnes at 3.01 g/t gold for 675,000 oz gold with all-in-sustaining-cash costs of $690/oz.
Midday Wednesday, Condor’s stock was up 7% on the TSE. The company has a C$100 million market capitalization.