Condor Gold (LON:CNR) (TSE:COG) has completed a ground investigation program of 23 geotechnical drill holes and 58 test pits on the tailings storage facility (TSF), water retention and attenuation reservoir and processing plant site at La India project, Nicaragua.
Condor is accelerating La India project from a pre-feasibility level of design to final engineering designs on key infrastructure, in preparation for construction.
The project is fully-permitted. The final TSF design will be fully compliant with internal and external legislation.
Chief executive Mark Child said the work demonstrated Condor’s commitment to “to de-risk and advance La India Project to construction.”
Condor's objective, subject to funding, is to fast track the La India Project to operational status.
A feasibility-level design on the TSF and water retention/attenuation reservoir is 64% completed and is due to be finalised in June 2021.
The Ministry of Environment and Natural Resources requested final designs as a condition of granting the key environmental permit to develop, construct and operate a new mine at La India.
