Condor Gold PLC Appointment of Chief Financial Officer (5126W)
November 15 2017 - 1:30AM
UK Regulatory
TIDMCNR
RNS Number : 5126W
Condor Gold PLC
15 November 2017
Condor Gold plc
7(th) Floor
39 St. James's Street
London
SW1A 1JD
Telephone +44 020 74932794
Fax: +44 020 74938633
15(th) November 2017
Condor Gold plc
('Condor', 'Condor Gold' or 'the Company')
Appointment of Chief Financial Officer
Condor Gold (AIM: CNR; OTCQX;CNDGF) is pleased to announce the
appointment of Mr Jeffrey Karoly as Chief Financial Officer with
immediate effect. Mr Karoly is a Chartered Accountant with over 20
years' experience in the mining industry.
Mark Child, Chairman and CEO comments:
"I am delighted that Mr Karoly has joined Condor Gold as Chief
Financial Officer. Mr Karoly has extensive experience at CFO-level
in listed companies, with a particular focus on South America since
spending time there with Anglo American.
"Furthermore, he has first-hand experience of listing on the TSX
and maintaining AIM / TSX dual listings. He strengthens the
leadership team as Condor continues its plan to develop its 100 per
cent-held La India Project through permitting and towards
construction, expand the current mineral resource and prove a major
Gold District."
Background
Jeffrey Karoly is a Chartered Accountant with a degree in
Geology from the University of Bristol. He has worked in the mining
sector for over 20 years including 11 years in corporate finance
roles with Anglo American on three continents. Since 2008 he has
been Chief Financial Officer of several listed junior resource
companies including South American Ferro Metals, listed on the ASX
in 2010, AIM & TSX-listed Horizonte Minerals (AIM / TSX: HZM)
(2010 to 2016). In 2017 Mr Karoly listed Altus Strategies plc on
AIM (AIM: ALS) and he is also Chief Financial Officer of Rupert
Resources, listed on the TSX-V (TSX-V: RUP).
- Ends -
For further information please visit www.condorgold.com or
contact:
Condor Gold plc Mark Child, Executive
Chairman and CEO
+44 (0) 20 7493 2784
Beaumont Cornish Roland Cornish and
Limited James Biddle
+44 (0) 20 7628 3396
Numis Securities
Limited John Prior and James
Black
+44 (0) 20 7260
1000
Blytheweigh Tim Blythe, Camilla
Horsfall and Megan
Ray
+44 (0) 20 7138 3204
About Condor Gold plc:
Condor Gold plc was admitted to AIM on 31(st) 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 Mt at 3.0
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 titled "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 orunder the supervision of Tim Lucks,
Principal Consultant (Geology & Project Management), Gabor
Bacsfalusi, Principal Consultant (Mining), Benjamin Parsons,
Principal Consultant (Resource Geology), each of by 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.
David Crawford, Chief Technical Officer of the Company and a
Qualified Person as defined by NI 43-101, has approved the written
disclosure in this press release.
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, the Company's development
plans at the La India Project 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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