StockMarketWire.com - Condor Gold has started scout drilling on its flagship La India project in Nicaragua.

The project hosts a high grade mineral resource of 18.08m tonnes at 4.0 g/t for 2.31 Moz gold.

The company has started a 4,000 metre scout drilling programme to demonstrate the upside of the entire District, which contains approximately 104.5 km strike length of veins of which only 54.8 km have been trenched or mapped in any detail and only 13.2 km have been drill tested.

Condor says many veins have never been drill tested. As at 9 November, a drill rig has completed 87 m at the El Cacao target.

The programme has been designed by Dr Warren Pratt, who joined Condor as a geological consultant in June 2016. Pratt helped with due diligence on the La India project on behalf of Ross Beaty, a successful mining entrepreneur who subsequently became a 7.1% shareholder in April. The first 2,000 m of drilling has three objectives.

Firstly, to expand mineralisation and identify ore-shoots at El Cacao. Secondly, to expand mineralisation at the Cristalito-Tatescame target. Thirdly, to test for mineralisation on the Andrea Vein, which has never been drilled.

The location of the remaining 2,000 m of drilling will depend on initial drilling results and may also be used to test other targets. Soil sampling began again in June 2016 and has now covered over half of the district. It aims to identify new epithermal targets suitable for drilling.

Story provided by StockMarketWire.com