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LONDON, ENGLAND -- (Marketwire) -- 03/04/13 -- Condor (AIM: CNR), a gold exploration company focused on delineating a large commercial reserve on its 100%-owned, CIM compliant Mineral Resource of 2,375,000 oz gold at 4.6g/t at La India Project in Nicaragua, is pleased to announce the results of a further 31 drill holes for 3,931m of the current phase of resource infill drilling at the La India Vein Set and the initial drill testing and further trenching of wallrock gold mineralisation on the America Vein Set.
Highlights
-- A total of 35 drill holes for 5,359m have now been completed on La India open pit resource area to convert the existing resource from Inferred to Indicated category.-- Drilling results continue to confirm continuity of gold mineralisation and grade of the current geological model.-- Best new drill intercept from la India of 6.80m at 13.99g/t gold.-- Drill intercept of 41.26m at 1.41g/t gold near surface demonstrates coalescence of La India and California veins-- 28 drill holes for 2663.5m completed on the America Vein Set to test for remnant wallrock gold.-- Wallrock of historic America mine intercepts up to 4.65m (4.4m true width) at 6.11g/t gold.-- Significant zones of quartz brecciation intercepted at the intersection of the America-Escondido-Constancia veins, assay results pending.-- Trench testing of Escondido Vein on the America Vein Set returned best intercept of 6.8m at 3.59g/t gold.
Table 1. Best new drill intercepts on La India Vein Set.
============================================================================ Drill True From To Width Width Gold SilverRank Hole_ID (m) (m) (m) (m) (g/t) (g/t) Vein============================================================================1 LIDC193 20.70 27.50 6.80 6.5 13.99 21.8 India----------------------------------------------------------------------------2 LIDC183 50.74 93.10 41.26 35.7 1.41 2.0 amalgamated India remnant wallrock----------------------------------------------------------------------------3 LIDC205 102.20 112.95 9.85 9.4 1.76 3.5 amalgamated India remnant wallrock----------------------------------------------------------------------------4 LIDC209 66.70 69.55 2.85 2.5 5.02 5.6 India wallrock============================================================================5 LIDC186 128.60 132.27 3.67 2.1 5.64 4.6 India wallrock============================================================================
True width is based on the current interpretation of the veins and may be revised in the future. Top five intercepts ranked by grade multiplied by true width.
Table 2. Best new drill intercepts on the America Vein Set.
============================================================================ Drill True From To Width Width Gold SilverRank Hole_ID (m) (m) (m) (m) (g/t) (g/t) Vein============================================================================1 LIDC179 92.85 105.60 4.65 4.4 6.11 3.3 Constancia-Escondido intersection----------------------------------------------------------------------------2 LIRC190 34 37 3 2.8 5.67 6.5 America (open to depth)----------------------------------------------------------------------------3 LIRC207 65 70 5 4.9 3.11 2.5 America footwall----------------------------------------------------------------------------4 LIDC199 37.50 39.20 1.70 1.6 8.05 5.8 America footwall----------------------------------------------------------------------------5 LIDC185 28.20 37.20 7.00 6.3 1.74 6.3 America wallrock============================================================================6 LIDC189 17.00 20.00 3.00 2.7 3.72 4.3 America============================================================================
