Metals Exploration plc has discovered further near-surface mineralisaton, with potential for expansion, following channel sampling at La India in Nicaragua. DRILLING Results outlined an extension between 100 and 300 metres at the initial phase I North pit. The programme, undertaken at the northern edge of the current La India system, followed exposure of “fresh mineralised […]
Tag: La India open pit- Nicaragua
Metals issues 868,410 new shares
Metals Exploration plc has issued 868,410 new ordinary shares of £0.0001 each after an options exercise, at £0.0829 per each new ordinary share, for an aggregate £71,991. TVRs The company additionally announced that non-executive director Andrew Chubb has bought 331,453 ordinary shares, each at a price of £0.149. Mr Chubb’s now has an interest in 4,996,354 […]
Metals processing plant sets sail for La India
Metals Exploration plc said that the Rock Creek processing and concentration plant had set sail one month ahead of schedule from Alaska for the La India gold project in Nicaragua. FIRST GOLD The disassembled plant departed Nome on 31 July and is due to dock in Nicaragua in mid-August 2025 and arrive by land at […]
Condor has ‘preferred bidder’ for La India
Condor Gold plc said that there was still substantial interest, with one preferred bidder, for La India open pit in Nicaragua. CONFIDENT Currently 11 companies are under non-disclosure agreements, five non-binding offers have been received and three site visits completed. Condor added it had received an “additional formal expression of interest” in the past three […]
Condor attracts ‘substantial interest’ in La India
Condor Gold plc said it continued to receive “substantial interest” for its La India open it in Nicaragua, but cautioned that a sale was not certain. RARITY The company, which announced the sale of its flagship asset in November 2022, added it was encouraged by the process to date. Five non-binding offers have been made, […]