- Write by:
-
Tuesday, November 26, 2019 - 2:22:03 PM
-
677 Visit
-
Print
Mining News Pro - Nicaragua-focused Condor Gold revealed on Monday the final results of metallurgical tests on its flagship La India project, which confirm the 2014 prefeasibility study’s (PFS) estimates for the main pit and adds average gold recoveries expected for the two satellites deposits — Mestiza and America.
According to Mining News Pro - The news comes as the company has just submitted two 600-page permit applications for the high-grade feeder pits, which it believes could boost the main deposit’s gold production by 50% to 120,000 ounces per annum over seven years.
La India is a 313 km² concession package covering 98% of the historic La India Gold Mining District. Mineral resources are 9.85 million tonnes at 3.6 grams per tonne of gold for 1.14 million indicated ounces.
The asset also has a total underground resource of 1.27 million tonnes at a grade of 5.8g/t gold for 238,000 gold ounces in the indicated category and 5.47 million tonnes at a grade of 5.1g/t gold for 889,000 ounces of gold in the inferred category.
The America and Mestiza pits are located about 2km and 4km, respectively, from the mine’s processing plant. The metallurgical results for both deposits announced on Monday suggest their ores, while still hard, are not as hard or as abrasive as the La India’s ones, which could mean lower processing costs, Condor said.
The company plans to begin by mining the “mini pits” first, trucking the ore to a nearby processing plant of a size yet to be determined, chairman and chief executive officer, Mark Child told MINING.com earlier this year.
Condor Gold initially staked concessions in Nicaragua, Central America’s largest country, in 2006. Since then, mining has significantly taken off in the country due to the arrival of foreign companies with the cash and knowledge to tap into its reserves.
Short Link:
https://www.miningnews.ir/En/News/448984
Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium Corp., ...
Shares of MAG Silver rose on Thursday following the release of a new mineral resource estimate for the Juanicipio ...
Brazilian miner Vale said in a filing on Wednesday it had signed a contract to buy a 45% stake in Alianca Energia from ...
Recent tests of an AI system showed that it can detect how poorly regulated road development for mining, logging and ...
US Treasury Secretary Janet Yellen on Friday lavished praise on Chile during a visit aimed at strengthening ties with an ...
Brazil’s president, Luiz Inacio Lula da Silva, said in an interview on a local TV station on Tuesday that he would not ...
Hecla Mining, the largest silver producer in the United States, is looking to expand into Mexico, Peru and two other ...
As climate diplomats at COP28 in Dubai debated an agreement to transition away from fossil fuels last December, India ...
Mining News Pro - Endeavour Mining Plc’s shock firing of its chief executive has capped a miserable three months for the ...
No comments have been posted yet ...