Condor Gold reports final La India assay results

Highlights of new drill assay results

• 6.26 g/t Au over 8.1 m true width from 38 m drill depth (LIDC442) just beneath the Starter Pit indicate the pit could push deeper.
• 6.05 g/t Au over 5.8 m true width from 10.2 m drill depth (LIDC448).
• 2.36 g/t Au over 11.9 m true width from 7.1 m drill depth (LIDC436).
• Results received for 45 diamond core drill holes for a combined 2345.95 m of infill and reverse core (RC) replacement drilling completed within and just beneath the La India Starter Pits.
• 10 drill holes for 827.40 m replacing previous RC holes outside the Starter Pits area of influence, but within the main La India opencast have been completed.
• Drill results support strategy that approximately 447 000 t at 4.17 g/t Au for 59 672 oz contained Au with 35 m of surface will be targeted early for extraction.

Mark Child, Chairman and CEO, commented: “Final drill assay results from the La India Starter Pits infill drilling programme include 6.26 g/t Au over 8.1 m true width from 38 m drill depth (LIDC442) just beneath the Starter Pit, which indicates the pit could push deeper and 6.05 g/t Au over 5.8 m true width from 10.2 m drill depth (LIDC448).

“Both drill assay results are excellent and add considerable confidence to the geological model, the mineral resource and mineral reserve calculations and the mine plan. The drill results strengthen the case for the Starter Pits, which are within 35 m of the surface and contain approximately 455 000 t at 4.17 g/t Au for 59 674 oz Au using a 2 g/t cut-off grade, to be mined early to quicken the payback period and enhance the Project’s economics. The starter pits sit within the main fully permitted La India opencast, which has a mineral reserve estimate of 6.9 million t at 3.1 g/t Au for 675 000 oz Au.”