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Condor Gold set for 'fast track approach to construction in next 6-12 months' at La India project

Condor Gold PLC's (LON:CNR)(TSE:COG) Mark Child talks to Proactive London about their ground investigation program consisting of 20 geotechnical drill holes and 58 test pits at La India project, Nicaragua.

Child talks through the details which will focus on the tailings storage facility, water retention reservoir and processing plant site at the gold mine.

He says the company is 'fully funded for the next six months or so' and Child also gives his view on the current gold market which is still in an 'uptrend, despite the recent consolidation.... the Federal Reserve has made it clear low interest rates are here to stay' and Child says 'we could see £2,500 in the next 12 months.'

Quick facts: Condor Gold PLC

Price: 43 GBX

AIM:CNR
Market: AIM
Market Cap: £50.88 m
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Condor Gold looking to commence site preparation and assessing potential...

Condor Gold PLC's (LON:CDR) Mark Child tells Proactive's Andrew Scott the key objective remains to commence site preparation at the La India site in Nicaragua and place a deposit on a processing plant by the end of the year. Condor currently has 1.12 million ounces (oz) of gold open pit mineral...

on 14/8/20

2 min read