TIDMCNR

RNS Number : 9641Y

Condor Gold PLC

10 May 2023

 
              Condor Gold plc 
         7/8 Innovation Place 
                Douglas Drive 
            Godalming, Surrey 
                      GU7 1JX 
    Tel: +44 (0) 207 493 2784

10 May 2023

Condor Gold Plc

("Condor Gold","Condor" or the "Company")

Confirmation of time for Condor AGM

Condor Gold (AIM: CNR; TSX: COG) advises that the Company's AGM is to be held at 2.00pm today, 10 May 2023, at 7/8 Innovation Place, Godalming, Surrey, GU7 1JX, United Kingdom as contained in the Notice of AGM that is available on the Company's website and was sent to Shareholders.

- Ends -

For further information please visit www.condorgold.com or contact:

 
 Condor Gold plc            Mark Child, Chairman and CEO 
                             +44 (0) 20 7493 2784 
 Beaumont Cornish Limited    Roland Cornish and James Biddle 
                              +44 (0) 20 7628 3396 
 SP Angel Corporate 
  Finance LLP                 Ewan Leggat 
                              +44 (0) 20 3470 0470 
 BlytheRay                  Tim Blythe and Megan Ray 
                             +44 (0) 20 7138 3204

About Condor Gold plc:

Condor Gold plc was admitted to AIM in May 2006 and dual listed on the TSX in January 2018. The Company is a gold exploration and development company with a focus on Nicaragua.

In August 2018, the Company announced that the Ministry of the Environment in Nicaragua had granted the Environmental Permit ("EP") for the development, construction and operation of a processing plant with capacity to process up to 2,800 tonnes per day at its wholly-owned La India gold Project ("La India Project"). The EP is considered the master permit for mining operations in Nicaragua. Condor has purchased a new SAG Mill, which has mainly arrived in Nicaragua. Site clearance and preparation is at an advanced stage.

La India Project contains a Mineral Resource of 9,850 Kt at 3.6 g/t gold for 1.14 M oz gold in the Indicated category and 8,479 Kt at 4.3 g/t gold for 1.18 M oz gold in the Inferred category. A gold price of $1,500/oz and a cut-off grade of 0.5 g/t and 2.0 g/t gold were assumed for open pit and underground resources, respectively. A cut-off grade of 1.5 g/t gold was furthermore applied within a part of the Inferred Resource. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that any part of the Mineral Resources will be converted to Mineral Reserves.

Environmental Permits were granted in April and May 2020 for the Mestiza and America open pits respectively, both located close to La India. The Mestiza open pit hosts 92 Kt at a grade of 12.1 g/t gold (36,000 oz contained gold) in the Indicated Mineral Resource category and 341 Kt at a grade of 7.7 g/t gold (85,000 oz contained gold) in the Inferred Mineral Resource category. The America open pit hosts 114 Kt at a grade of 8.1 g/t gold (30,000 oz) in the Indicated Mineral Resource category and 677 Kt at a grade of 3.1 g/t gold (67,000 oz) in the Inferred Mineral Resource category. Following the permitting of the Mestiza and America open pits, together with the La India Open Pit Condor has 1.12 M oz gold open pit Mineral Resources permitted for extraction.

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(END) Dow Jones Newswires

May 10, 2023 05:55 ET (09:55 GMT)

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