StockMarketWire.com - Condor Gold said Friday it had submitted additional technical studies to the Ministry of Environment and Natural Resources in Nicaragua as part of its environmental permit application, to construct and operate a processing plant.

The submission of the technical study comes after the environment regulator in Nicaragua requested a reply to formal questions following a site visit inspection to the company's re-designed mine site infrastructure on 13 March.

An environmental permit would allow Condor Gold to construct and operate a processing plant with capacity to process up to 2,800 tonnes per day without the need to resettle approximately 330 houses or 1,000 people.

'A final inspection of the re-designed mine site infrastructure by three Ministries and related parties took place in March. The site visit inspection prompted several technical questions, which have been formally answered' said Mark Child, Chairman and Chief Executive Officer of Condor.

'I remain confident that Condor is close to receiving permitting approval for Mina La India, which is expected to produce approximately 80,000 oz gold per annum from a single open pit.'


At 8:33am: [LON:CNR] Condor Gold PLC share price was +1p at 36p



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