Highlights
- Existing La Mesitza Open Pit mineral resource hosts 433 000 t at 8.6 g/t gold for 120 000 oz gold (92 000 t at 12.1 g/t gold for 36 000 oz gold in the indicated category and 341 000 t at 7.7 g/t gold for 85 000 oz gold in the inferred category).
- 8500 m infill drilling programme has commenced on the high-grade La Mestiza Open Pit aimed at upgrading mineral resources to Indicated category such that it forms a basis for inclusion into future pre-feasibility or feasibility studies .
- The Mestiza Vein Set is open down dip and along strike and has the potential for a material increase with additional drilling.
- Preliminary mine schedules indicate the potential to deliver 499 000 t of high grade material to the processing plant at a diluted head grade of 5.37 g/t gold, with the potential to produce 86 000 oz gold.
Mark Child, Chairman and CEO, commented: “Following the purchase of a new SAG mill package in April 2021, Condor engaged SRK Consulting (USA) Inc to produce strategic mine schedules on the high-grade fully permitted La Mesitza Open Pit mineral resource, which hosts 433 000 t at 8.6g/t gold for 120 000 oz gold (92 000 t at 12.1 g/t gold for 36 000 oz gold in the indicated category and 341 000 t at 7.7 g/t gold for 85 000 oz gold in the in the inferred category). The schedules developed indicate a potential feed to the processing plant estimated at 499 000 t, at a diluted head grade of 5.37 g/t gold with potential to produce 86 000 oz gold. The aim of the 8500 m infill drilling programme in La Mestiza Open Pit is to convert a significant proportion of the inferred mineral resource to an indicated mineral resource for inclusion in future pre-feasibility study or feasibility studies, enhance the geological confidence, de-risk future mine plans and attract project financing.”
