Sep 03rd 2012 - Edison Investment Research today published a report on Condor Gold (CNR.L, LSE:CNR, LON:CNR) entitled "Further Resource Potential". In summary, the report says:
Results from Condor Gold’s recently completed exploration programme at its La India gold district in Nicaragua show there is delineation of a gold region. The target was to lift the 1.62Moz compliant gold resources to 1.75Moz, with at least 0.5Moz in the indicated category (NI43-101), by mid-September 2012. However, this target is now expected to be comfortably exceeded. A preliminary economic assessment (PEA) is due in October, supporting commercial production. More importantly, it should justify wider exploration and confirm continuity of resources.
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