Condor Gold Announces Retirement of Non Executive Director
June 11 2018 - 8:08AM
Condor Gold (AIM:CNR) (OTCQX:CNDGF) (TSX:COG) announces that Mr.
Peter Flindell has retired as a Non Executive Director of Condor
Gold and will leave the Board with immediate effect. The Board
thanks Mr. Flindell for his substantial contribution during the
last four years.
Mark Child, Chairman and CEO, commented:
“On behalf of the Board, I would like to thank
Peter for his substantial contribution to Condor Gold during the
last four years. As a senior geologist on the Board, his strategic
advice and input into the geological model for the La India Project
has been valuable. Additionally, his successful planning of the
geochemistry soil survey of 313 sq km, which demonstrates a major
Gold District at La India Project, and his contribution to recent
drilling programmes have significantly contributed to the continued
development of the Project. In this respect, Condor retains a
highly experienced senior management team led by Chief Technical
Officer and Mining Engineer, Dave Crawford, Senior Geological
Consultant, Dr. Warren Pratt and local General Manager and Mining
Engineer, Aiser Sarria. At a personal level, I thank Peter for his
mentorship during his period with the Company.”
For further information please visit
www.condorgold.com or contact:
Condor
Gold plc |
Mark
Child, Chairman and CEO+44 (0) 20 7493 2784 |
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Beaumont
Cornish Limited |
Roland
Cornish and James Biddle+44 (0) 20 7628 3396 |
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Numis
Securities Limited |
John
Prior and James Black+44 (0) 20 7260 1000 |
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Blytheweigh |
Tim
Blythe, Camilla Horsfall and Megan Ray+44 (0) 20 7138 3204 |
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About Condor Gold plc:
Condor Gold plc was admitted to AIM on 31 May
2006. The Company is a gold exploration and development company
with a focus on Central America.
Condor published a Pre-Feasibility Study (“PFS”)
on its wholly owned La India Project in Nicaragua in December 2014,
as summarized in the Technical Report (as defined below). The PFS
details an open pit gold mineral reserve in the Probable category
of 6.9 million metric tonnes (“Mt”) at 3.0 grams per tonne
(“g/t”) gold for 675,000 oz gold, producing 80,000 oz gold per
annum for seven years. La India Project contains a mineral resource
in the Indicated category of 9.6 Mt at 3.5 g/t for 1.08 million oz
gold and a total mineral resource in the Inferred category of 8.5
Mt at 4.5 g/t for 1.23 million oz gold. The Indicated mineral
resource is inclusive of the mineral reserve.
Disclaimer
Neither the contents of the Company's website
nor the contents of any website accessible from hyperlinks on the
Company's website (or any other website) is incorporated into, or
forms part of, this announcement.
Technical Information
The disclosure contained in this news release of
a scientific or technical nature has been summarized or extracted
from the technical report entitled “Technical Report on the La
India Gold Project, Nicaragua, December 2014”, dated November 13,
2017 with an effective date of December 21, 2014 (the “Technical
Report”), prepared in accordance with National Instrument 43-101 –
Standards of Disclosure for Mineral Projects (“NI 43-101”). The
Technical Report was prepared by or under the supervision of Tim
Lucks, Principal Consultant (Geology & Project Management),
Gabor Bacsfalusi, Principal Consultant (Mining), Benjamin Parsons,
Principal Consultant (Resource Geology), each of SRK Consulting
(UK) Limited, and Neil Lincoln of Lycopodium Minerals Canada Ltd.,
each of whom is an independent Qualified Person as such term is
defined in NI 43-101.
Forward Looking Statements
Certain statements in this news release
constitute forward-looking information under applicable Canadian
securities laws. These statements relate to future events or future
performance and include, but are not limited to, estimates of
mineral resources and mineral reserves, and future gold
production at the La India Project. All statements other than
statements of historical fact may be forward-looking statements.
Forward-looking statements are often, but not always, identified by
the use of words such as “seek”, “anticipate”, “plan”, “continue”,
“objectives”, “strategies”, “estimate”, “expect”, “may”, “will”,
“project”, “predict”, “potential”, “targeting”, “intend”, “could”,
“might”, “should”, “believe” and similar expressions. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. The Company believes the expectations reflected in
those forward-looking statements are reasonable but no assurance
can be given that these expectations will prove to be correct and
such forward-looking statements included in this news release
should not be unduly relied upon. The Company does not undertake
any obligation to update forward-looking statements except as
required by applicable securities laws.
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