Condor Gold receives permit for high-grade America opencast mine

Condor Gold receives permit for high-grade America opencast mine

Published by Jessica Casey in Global Mining Review

Condor Gold has recently announced that it has been granted an Environmental Permit for the development and exploitation of gold from the high-grade America opencast mine.

The America opencast mine hosts 114 000 t at a grade of 8.1 g/t gold (30 000 oz contained gold) in the indicated mineral resource category and 677 000 t at a grade of 3.1 g/t gold (67 000 oz contained gold) in the inferred mineral resource category. The America opencast mine compliments the already permitted La India opencast mine and the recently permitted high grade Mestiza opencast mine. La India hosts approximately 8.4 million t at a grade of 3.1 g/t gold (837 000 oz contained gold) in the indicated mineral resource category and 883 000 t at grade of 2.4 g/t gold (68 000 oz contained gold) in the inferred mineral resource category. La India has a robust, economically viable Pre-Feasibility Study (PFS) with mineral reserves of 6.9 million t at 3.0 g/t for 675 000 oz gold. The Mestiza opencast mine hosts 92 000 t at a grade of 12.1 g/t gold (36 000 oz contained gold) in the indicated mineral resource category and 341 000 t at a grade of 7.7 g/t gold (85 000 oz contained gold) in the inferred mineral resource category. Following the permitting of the America opencast mine, Condor has 1.12 million oz gold opencast mineral resources permitted for extraction inclusive of a mineral reserve of 6.9 million t at 3.0g/t gold for 675 000 oz gold.

Mark Child, Chairman and CEO, commented: “Condor has been granted the key Environmental Permit to develop and exploit gold from a third high grade opencast. When added to the high grade La India opencast and Mestiza opencast, Condor has 1.12 million oz gold opencast 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 2800 tpd at La India Project. The permitted high-grade America opencast and recently permitted Mestiza opencast adds flexibility to the mine schedule, potentially improving project economics and extending the life of mine.”