Condor Gold (LON:CNR) - Resource target comfortably beaten
Sep 19th 2012 - Edison Investment Research today published a report on Condor Gold (CNR.L, LSE:CNR, LON:CNR) entitled "Resource Target Comfortably Beaten". In summary, the report says:
Condor Gold has reported an impressive mineral resource upgrade prepared by leading consultants, SRK, after analysing results from the recently completed exploration programme at its La India gold district in Nicaragua. The 2.38Moz gold resource grades at 4.6g/t gold, of which some 30% is in the indicated category and 0.95Moz @ 3.6g/t is deemed to be exploitable by low-cost open pit methods. A maiden 2.3Moz silver resource lifts the total to 2.41Moz gold equivalent.
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