Mark Child, chief executive and chairman of Condor Gold (LON:CNR) says the objective of the current drill programme at La India open pit is to target two high grade starter pits.
The objective could become a reality with one of the results from the 12 drill holes measuring 54.5m at 1.98g/t gold including 5.2m at 16.88g/t gold. These numbers came as a surprise to Child. “We had anticipated that it would be lower grade and not much in it, but it has come in at super high grade. It’s additional gold which will improve the economics of the pit.”
The economics are inspiring with current calculations at 160 million dollars of operating profit and an urgency to get La India into production.