StockMarketWire.com - Condor Gold said scout drilling results for four drill holes totalling 719.6 m on the Cacao prospect at the La India project showed a significant dilational vein.

This drilling is designed to test targets with the potential to contribute to La India's high grade mineral resource of 18 Mt at 4.0 g/t for 2.31 Moz gold.

Of this, 57% or 1.3 Moz gold is hosted by the La India Vein Set and the remaining 1 Moz is hosted in 6 smaller, separate resources such as Cacao, which has 590,000 tonnes at 3.0 g/t gold for 58,000 oz gold.

Condor said the scout drilling hoped to demonstrate that La India was a true gold district, with excellent potential to substantially increase the global resource.

Highlights:

- Drill core demonstrates a significant dilational vein at Cacao, with the prospect of a much larger gold resource

- Cacao forms a major 'Link' between two major basement feeder zones (La India and Andrea Corridors)

- Drill intercepts: 7.85 m at 3.75 g/t gold, 7.85 m at 2.95 g/t gold and 17.1 m at 1.74 g/t gold, demonstrate broad zones of gold mineralisation

- Cacao is at the top of an epithermal system, preserved because the regional Highway Fault drops down the entire system towards the southeast

- Cacao vein is open along strike and at depth

- Cacao vein is now upgraded and prioritised for further drilling, to increase its current resource

- 1,812 m of 4,000 m scout drilling has been completed on three targets: Cacao, Real de La Cruz and Tatescame.

The drill rig will now be moved to the 4 km long Andrea Vein with further assay results announced in due course.

Chief executive Mark Child said: "Condor's strategy of proving that the La India Project is part of a major gold District continues to yield positive results.

"The 719.6 m drilling at Cacao demonstrates a significant dilational vein. This vein forms within a major linking structure between two major basement feeder zones identified by regional soil sampling and airborne geophysics.

"New drill results of 7.85 m at 3.75 g/t gold and 7.85 m at 2.95 g/t gold build on results from Condor's prior drilling (including 2.6 m at 34.13 g/t gold and 14.05 m at 6.05 g/t gold).

"The vein is comparable to some of the best intersections on La India vein.

"It is important to emphasise that Cacao is at the top of an epithermal gold system, preserved because the regional Highway Fault drops down the entire system towards the southeast.

"The Cacao vein is open down dip and along strike with signs of being substantially bigger and is prioritised for further drilling to expand the mineral resource."






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