Kitco
Condor Gold (TSX:COG) announced today that it received an environmental permit for the development and exploitation of gold from its America open pit.
Mark Child, company chairman and CEO, said the permit gives Condor flexibility.
“Condor has been granted the key environmental permit to develop and exploit gold from a third high grade open pit,» said Child. «When added to the high grade La India open pit and Mestiza open pit, Condor has 1.12 million oz gold open pit Mineral Resources, including Mineral Reserves permitted for extraction. Condor also has the permit to construct and develop a processing plant with capacity of up to 2,800tpd at La India Project. The permitted high grade America open pit and recently permitted Mestiza open pit adds flexibility to the mine schedule, potentially improving project economics and extending the life of mine.”
The America open pit hosts 114 thousand tonnes at a grade of 8.1 g/t gold (30,000 oz contained gold) in the indicated mineral resource category and 677Kt at a grade of 3.1 g/t gold (67,000 oz contained gold) in the inferred mineral resource category.
