Drill Intercept of 7.55m at 10.2g/t gold on La India Project
Condor (AIM:CNR), is pleased to announce completion of 1,952m drilling on the flagship La India Project. The initial drilling has successfully indicated the extension of high-grade gold mineralisation 50m along strike and 60m deeper to the south of the current underground gold resource on La India Vein through a series of drill results, one of which has an intercept of 7.55m (6.2m true width) at 10.2g/t gold. Accordingly, the gold mineralisation would appear to remain open at depth and along strike.
Highlights:
• Condor completes 1,952m of up to 4,000m drilling programme.
• Drill intercept of 7.55m (6.2m true width) at 10.2g/t gold.
• Drilling to test southern strike extent of La India open pit reserve and underground gold resource successfully extends high-grade mineralisation 50m along strike and 60m down-dip.
• Assay results for 1,324m drilling received, assay results for 638m drilling pending
• 11km² soil survey area has been extended to a total of 60km² covering 6 target areas
Mark Child CEO comments:
'A drill intercept of 7.55m (6.22m true width) at 10.2g/t to the south of the La India open pit reserve of 675,000 oz gold at 3.0g/t has been successful in indicating an extension of high grade gold mineralisation 100m outside the pit shell adjacent to La India underground resource. This highgrade intercept demonstrates that the underground mining potential at La India may currently be significantly underestimated.
Separately, the soil sampling results from an area extending from La India open pit to the south for 5km has produced 2 drill targets that have been drilled, assay results are pending. Condor has increased its soil survey area from 11km² to a total of 60km² covering 6 new target areas in order to demonstrate that La India Project hosts a substantial gold district.'
Drilling Programme Rationale
A portion of the drilling is to test the depth extent of gold mineralisation beneath, and at depth along strike to the south, of the La India Pre-Feasibility Study ('PFS') open pit reserve of 675,000 oz gold at 3.0g/t. The drilling is also designed to establish if there is potential to expand the current underground combined Indicated and Inferred Mineral Resource of 1.8Mt at 5.0g/t for 294,000 oz gold deeper or further along strike. On the La India structure, most of the mineral resource is concentrated in three main high-grade zones defined along a 1.5km strike length. The two principal high-grade shoots within the open pit reserve crop-out at surface and have already been defined as high-grade resources down to a maximum of 350m down-dip from surface using a combination of historic mine records and drilling intercepts. A less well defined high-grade shoot, along strike to the south of the PFS open pit shell, hidden beneath surface and un-depleted by historic mining, has an underground mineral resource defined by drilling intercepts of up to 21.08m (16.1m true width) at 10.2g/t gold from 193.80m drill depth (see press release dated 29 th August 2012).

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