Source: Twitter (@CondorGoldplc)
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Condor Gold (COG) released the results of metallurgical tests for a feasibility study being conducted on the La India Open Pit in Nicaragua
  • Bureau Veritas Laboratories handled testing, which focused on variability testing and confirmation of recoveries at the lower grades
  • The confirmatory test work demonstrated that gold recovery is independent of grade and a fixed gold recovery of 91 per cent
  • Shares of Condor Gold (COG) are trading steady at C$0.33

Condor Gold (COG) released the results of metallurgical tests for a feasibility study being conducted on the La India Open Pit.

Richmond, B.C.-based Bureau Veritas Laboratories handled testing, which focused on variability testing and confirmation of recoveries at the lower grades.

The confirmatory test work demonstrated that gold recovery is independent of grade and a fixed gold recovery of 91 per cent.

Gold extraction from the 11 variability composites averaged 92.6 per cent at the 75 micron grind size. Gold extraction from the four low grade composites averaged 93.8 per cent at the 75 micron target grind, indicating a gold recovery of 91.8 per cent. Both account for a 2 per cent reduction to allow for gold being locked up in the processing plant.

The company’s Chairman and CEO, Mark Child highlighted the fact that a net metallurgical recovery of 91 per cent will be used in the technical economic models for the feasibility study on the La India Open pit.

“Very comprehensive metallurgical test-work has been conducted to the highest standards as a Feasibility Study level is the technical document to which project finance is provided to the Project. 91% metallurgical recovery over the life of mine is a terrific result and represents a significant de-risking of one of the most important variables in the development of a new mine at La India Project and provides significant comfort to investors.

The application of both variability testing and confirmation of low-grade responses is consistent with best practices in the mining industry, while confirming the ability of the processing plant to achieve excellent recoveries down into the lower grade portions of the deposit, in a standard Carbon-in-Pulp cyanidation plant.”

Condor Gold is a gold exploration, and development company focused on Central America. The company is proving a large commercial reserve on its 100 per cent owned La India Project in Nicaragua.

Shares of Condor Gold (COG) are trading steady at C$0.33.


More From The Market Herald

" Prime Meridian (TSXV:PMR) announces $1M financing

Prime Meridian Resources Corp. (PMR) has signed a non-brokered private placement financing agreement for proceeds of up to $1 million.

" Fortune Bay (TSXV:FOR) files Goldfields PEA

Fortune Bay (FOR) has filed an independent preliminary economic assessment (PEA) for its Goldfields Project in Saskatchewan.

" Emperor Metals (CSE:AUOZ) announces $5M private placement

Emperor Metals (AUOZ) has announced a non-brokered private placement for gross proceeds of up to $5,001,550.
Emerita Resources Corp. - CEO, David Gower

" Emerita (TSXV:EMO) announces Aznalcóllar trial date

Emerita Resources (EMO) announced the Third Section of the Provincial Court of Seville has set the date court date regarding the Aznalcóllar package.