Ground Investigation Drilling And Test Pits In Preparation La India Mine Construction

GODALMING, SURREY - Condor Gold has completed a ground investigation program of 23 geotechnical drill holes and 58 test pits on the Tailings Storage Facility (TSF), Water Retention/Attenuation Reservoir and Processing Plant site at La India Project, Nicaragua. Condor is accelerating La India Project from a Pre-Feasibility level of design to Final Engineering Designs on key infrastructure in preparation for construction on the fully-permitted La India gold mine project.

Highlights: 16 Geotechnical drill holes and 29 test pits for the final design for the tailing storage facility (TSF) have been completed; Final TSF design will be fully compliant with internal and external legislation; 7 Geotechnical drill holes and 17 test pits on La Simona dam and water retention/attenuation reservoir have been completed - data to be used to design a retention/attenuation dam and diversion water facility; 14 piezometers have been installed to monitor sub-surface water levels; and 12 test pits at the processing plant site have been completed - providing the ground condition information required for an advanced layout design.

Mark Child, Chairman and CEO, said, "The completion of ground investigations via a geotechnical drilling program of 23 drill holes and 58 test pits on the Tailings Storage Facility (TSF), water retention/attenuation reservoir and processing plant site demonstrates Condor's commitment to de-risk and advance La India Project to construction. Condor has previously completed a Pre-Feasibility level design on the TSF and water retention reservoir. The decision has been taken to accelerate the Project; a Feasibility Level design on the TSF and water retention/attenuation reservoir is 64% completed and is due to be finalized in June 2021. Condor's objective is to fast track the La India Project to operational status".

Tierra Group International, Ltd. has been engaged to develop the Final Designs for the TSF and water retention/attenuation reservoir for a new mine at La India Project. The Final TSF design will be fully compliant with internal and external legislation. Tierra Group has completed an initial ground investigation of the processing plant site that will be used to constrain and optimize the final layout design. Condor owns 100% of the land required for the TSF, La Simona dam and water retention reservoir, and the processing plant location.