Condor Gold Share Discussion Threads

[aleoap] 07/4/2021 12:10

I recommend reading of the Cacao technical report too. Great potential. hTTps://condorgold.com/sites/default/files/technical_reports/Cacao%20WTP%20report%20June%202019.pdfThere is therefore great potential for Cacao to host a thicker, higher grade vein at relatively shallow depthThe full potential of Cacao has not been tested. The vein system is almost 4 km long, making it one of the longest veins in the La India District. There are high grades from deeper holes which demonstrate the clear potential. There is also a good chance that the main boiling level, with the highest grades, has not been drilled yet. The vein thicknesses are comparable to the thickest veins seen at La India, which is very encouraging. The vein textures are very similar to the bonanza grade deeper drill holes in the Southeast of La India (e.g. LIDC 324).

[book5] 07/4/2021 11:24

Tester
Many thanks , I will read it

[tester2020] 07/4/2021 10:43

book5 - I believe they are trying to find the following zone of rock at Cacao, and need to work out which depth this occurs at.. but geologists believe that the potential is there to find bonanza grades at Cacao as well.. and add another 1Moz gold zone to the existing 2.4Moz resources..

hxxp://www.condorgold.com/sites/default/files/news/Condor_RNS_5000m%20Drilling%20Commences%20on%20Cacao%20Vein%20FINAL%20220221.pdf

Higher grades at depth at Cacao. Previous drilling indicates improving gold grade at depth, suggesting the presence of a boiling-related bonanza zone.

Underlying felsic, glassy volcanic rocks are anticipated at depth. These are a more
favourable host for veining, for example at La India. The andesite/felsic contact may be especially favourable for veining and bonanza grade.

Cacao is therefore a ‘concealedR17; target that failed to attract the attention of both Noranda Mining, which mined at La India before 1956, and informal miners.

Bonanza grade gold = Rock, generally quartz veins, with extremely high concentrations (grade) of gold, typically used when the grade exceeds 31 grams per tonne (1 oz per tonne)...

regards
T2020

[book5] 07/4/2021 10:31

Tester
I believe that at cacao we are trying to locate/probe the vein, rather than defining resources well.
It seems that at cacao, Kloane drills through countles of meters of softer rock. At the india the rock is harder, hence the quicker progues at cacao.
Questions:
Do soft rock contain gold?

[tester2020] 07/4/2021 10:12

book5 - yep, also there is nothing like a bonanza gold grades RNS of something like 100++ g/t to get some headlines and re-ignite some interest in this share.. and with so much drilling still to happen on Cacao etc that could easily be maintained throughout the rest of this year.. watch this space..

regards
T2020

[book5] 07/4/2021 09:59

In our blood circulation system there is a heart, arteries and veins.
Similar things should happen in our India vein gold deposits. Have we found a generous "heart" at the south end? And if so, how big it is......lets wait and see...

[tester2020] 07/4/2021 09:25

OAP - if MC needs to get an extension to permit, then yes Im sure he will do that.. I think what people maybe dont realise is that groundworks and site preparation for the plant are already happening - ive seen the pictures of the new roads going in etc.. so a construction decision has essentially already been made - 100koz per year in year 1. 2300tpd SAG mill purchased with option to upgrade to 2850tpd, and 120koz pa with a new motor.. we are waiting on technical studies completing, and I think an updated PFS completed to include Mestiza and the La India infill drilling results plus revised AISC costs based on 2021 parameters, which will help with getting construction financing agreed on very good terms.. the IRR for this project assuming the $690 AISC is maintained (and please let it be even lower!) will be fantastic..

regards
T2020

[book5] 07/4/2021 08:09

Oak
Imho Mestiza and america alone are worth lots after drilling a bit more
Cacao should follow
So risk appears to be low

[oapknob1] 06/4/2021 23:14

Tester appreciate your post. If the conditions are not met by 27th July will Mark be looking for a further 18 month extension.On 22 January 2020, Condor received a letter from the Ministry of Environment and Natural Resources (MARENA) detailing an extension, as provided for under the terms of the permit, to complete the conditions of the main permit by 27 July 2021.

[oapknob1] 06/4/2021 22:35

That 5% land purchase best be one of the rabbits !

[888icb] 06/4/2021 16:25

Gold has continued to move Up currently 1745.

[diggybee] 06/4/2021 16:03

A lot of shares traded ( for condor) today, yet market makers have stock.

[book5] 06/4/2021 14:09

Hopefuly my B&isa goes through this week
ii very slow

[jimlad] 06/4/2021 13:49

book5 In the context of ton of ore that's a lot of gold
jim

[book5] 06/4/2021 13:09

It is a local term , what I was told it happens when the vein material changes to contain lots of gold, for instance in the volume of a small yogurt's pot it could be around one oz of gold.
Rumours...though
Also drilling is carry on around the india......hopefuly we find more resources
Lets see what next 6 weeks bring us, I believe something good.

[sirmoori] 06/4/2021 12:30

hTTps://www.mining.com/condor-gold-touts-drilling-results-at-la-india/

[jimlad] 06/4/2021 11:32

What is meant by escarche.
Jim

[book5] 06/4/2021 11:17

I suspect more rabbits from the hat are comming
Gla
Patience

[888icb] 06/4/2021 10:44

A small move Up of 1.1% on volume of 190000 to start the new ISA year. Gold maintaining last weeks closing level of circa 1730.Let’s see if Mark has some news for us this week to maintain some momentum.

[tester2020] 06/4/2021 10:12

OAP - I realise that the land is a big sticking point for you.. but I guess I would just say that MC is running the company and he knows very well that they still need to buy the land.. but despite that he has:

1) Built roads into the plant and cleared the site itself
2) Bought a SAG mill for $6.7M and having it shipped into Nic, along with getting quotes for other key plant equipment..
3) Bought a water treatment plant for $150k for the local community

I think my point is, that MC would be negligent if he was carrying on with all of this expenditure, without knowing that purchasing the remaining 5% of land is little more than a formality.. Its for these reasons that I dont think its a huge issue..

You might say "But CNR needs the land before it can fully finance the plant construction" - And I get that, but the point being that we also need the Tailings And Water studies to be completed before construction financing, and these studies wont happen till June at least, so you could be looking at Aug/Sep before financing is actually "required".. if thats the case, why buy the land right now and turf off the miners - thereby removing their only form of income? Surely it would make much more sense, to buy the cooperative land at the last minute that its needed and then offer those miners who want them, jobs in construction and operation of the new plant.. ? Probably a lot safer, better paid, more secure jobs (potentially for 20 years of plant operations) than artisanal mining!

I think possibly the only caveat would be that if MC thinks the Calibre or Mako toll deal is imminent, he may just offer to buy the land if it has become a sticking point.. so as book5 says, lets look/listen out for that happening! A 40kpa toll deal would be worth probably $12-15M a year to the company, much less than whatever the remaining land would cost them..

regards,
T2020

[oapknob1] 06/4/2021 00:04

5% . That's it 5%. Doesn't matter how good any drilling is. Unless the ceo secures that last 5% this will never be risk free. Everything depends on 100% ownership. CNR does not have that.

[book5] 05/4/2021 20:10

Sirmoori
Lets hope we see renewed interest.
Imho Graph looks good , specially in comparison to many other gold companies.
I hope to hear soon news about the land, that would be something

[sirmoori] 05/4/2021 15:47

HQs anyone else noted what seems to be q daily pattern of 3 buys of 20,000+ at roughly the same time in the afternoon. Cumulative may that qdds up to q decent vote of confidence. Will it continue?

[book5] 02/4/2021 23:06

goldrush
yes, I have edited the previous message, and included that, bcs it is what I has just been told by several contacts.
so, now it seems that is is probable that the extended rumour is true....
or well, we shall see

[goldrush] 02/4/2021 22:59

book5

Thanks for updating us.

The drilling Teams are probably being seriously reminded by their bosses that they have to say nothing or threatened with fines etc.Does sound like there is some smoke around and the results will continue to be good. IMHO.