Condor Gold plc granted directors, employees and consultants a total 4.6 million share options, representing 2.45% of the issued share capital, under its existing share option scheme. PDMRs* On 6 July, directors receiving in total 3,250,000 options include chief executive officer Mark Child 1,250,000 options; chairman Jim Mellon 300,000; non-executive directors Kate Harcourt 300,000; Andrew […]
Tag: Nicaragua
Condor Gold ‘unlikely’ to feel effect of US sanctions at La India
Condor Gold plc today said that the United States’ sanctions imposed on the Nicaraguan General Directorate of Mines were unlikely to have any impact on the company’s current operations at La India. SANCTIONS On 24 October, the US Treasury Department extended its existing sanctions “to hold the Ortega-Murillo regime accountable for its continued attacks on […]
Condor Gold notes significant assay results from La India open pit
Condor Gold plc reported “significant” assay results from sampling of geotechnical drill holes on the open pit at La India project in Nicaragua. RESULTS The company said that the twin geotechnical drill holes LIGT528 and LIGT536 provided a useful additional infill in the planned Northern starter pit. Intercepts were within and between the planned high-grade […]
Condor Gold completes geotechnical drilling at La India
Condor Gold plc has completed 21 geotechnical drill holes for 2,551.50m for the feasibility study (FS) at its 100% owned La India gold project in Nicaragua. INFORMATION The company said that the programme needed a total of 2,551.50m of oriented core drilling supported by optical and acoustic televiewer scanning, as well as geotechnical lab testing […]
Condor Gold raises £4.1m from private placement
Condor Gold plc has raised £4.1 million before expenses from a private placement through issuing new ordinary shares representing 8.7% of the company’s existing issued share capital. UNITS The company placed 11,714,286 units each at 35p including a directors and chief financial officer’s subscription. Four directors Mark Child, Andrew Cheatle, Ian Stalker and Jim Mellon, […]
Condor Gold completes 8,004m infill drilling at La Mestiza
Condor Gold plc has completed an 8,004m infill drilling programme on the high-grade La Mestiza open pit mineral resource at La India gold project in Nicaragua. MINERAL RESOURCE The programme tightened drill spacing to 25m along strike and 50m down-dip in the zones with the potential to support open pit mine development. Drilling is expected […]