StockMarketWire.com - Condor's wholly-owned Nicaraguan subsidiary, Condor SA, has been granted a 25 year exploration and mining concession over a 32 sq km area on the western side of La India project called the Tierra Blanca concession.

The addition of the Tierra Blanca concession expands the La India project concession package to a total of 313 sq kms.

Chief executive Mark Child said: "The 32 sq km Tierra Blanca concession on the western edge of La India project was available for grant by the Government of Nicaragua under a 25 year exploration and exploitation concession.

"Condor's geologists completed a field visit and concluded that the Tierra Blanca concession offers excellent greenfield exploration potential based on historic exploration data. It is also located 30km from B2Gold's El Limon mine and only 10km due west of Condor's La India gold mineral resource of 2.33M oz gold at 4.0g/t gold.

"Condor has now been officially notified of the successful application for the concession."






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