Overview
| Stage | Permitting |
| Mine Type | Open Pit |
| Commodities |
|
| Mining Method |
|
| Mine Life | 8.4 years (as of Jan 1, 2022) |
Condor’s strategy has been to develop the fully permitted La India Project in 2 stages. The plan is to materially expand production with a stage 2 expansion by converting existing Mineral Resources into Mineral Reserves and an associated integrated mine plan.
The Board has concluded it is in the best interests of the Company and all stakeholders to sell the assets of the Company to a gold producer with mine building expertise, thus ensuring a new mine at La India, a significant investment in the local area and a regeneration of the local communities. |
Source:
p. 21
Condor Gold Plc holds 100% ownership of a 588 km2 concession package covering 98% of the historical La India Gold Mining District.
Contractors
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Deposit Type
- Hydrothermal
- Vein / narrow vein
- Breccia pipe / Stockwork
Summary:
Gold mineralisation at La India occurs associated both with quartz vein systems and within well-confined hydrothermal breccias. The veins and stockwork zones are hosted within massive andesites, andesitic and felsic tuffs or felsic lava flow deposits. Veins are typically less than 3 m in width, but stockwork zones and stacked stockwork-vein zones can be up to 25 m wide.
Quartz veins, often including a brecciated component, vary in thickness and are most typically between 0.7 m and 2 m in thickness. In many areas, the wallrock hosts a breccia or stockwork zone with vuggy quartz veinlets up to 5 cm thick and accounting for up to 70% of the rock mass. The breccia/stockwork zone is typically up to 10 m thick and is associated with silica-haematite alteration. The quartz in the breccia zone may be gold mineralised, although the country rock component means that gold grades are diluted compared to the veins.
The grade of gold and silver can vary from a few grams per tonne to significant intersections with grades in excess of 30 g/t Au (>1 oz/t). Gold mineralisation occurs as fine gold-silver amalgam with a gold to silver ratio of 1 to 1.5.
The “Central Breccia” Deposit is interpreted as a gold-mineralised hydrothermal breccia with, low grade gold mineralisation is associated with carbonate breccia cement and high-grade gold mineralisation is associated with argillic alteration and sulphide mineralisation.
The gold-silver mineralised phrea ........
Summary:
The mining operation consists of a conventional drill, blast, load and haul operation with material hauled to the WRDs (Waste Rock Dump), backfill areas, HG (High grade distance restriction zone), MG (Medium grade distance restriction zone), LG (Low grade distance restriction zone) and Marginal stockpiles.
The 2022 FS assumes a single open pit mining operation extracting ore at a nominal rate of 1.3 Mtpa (during the 5 years after pre-stripping and before ramp-down) with an operating life of 8.4 years and mill processing at a nominal rate of 0.89 Mtpa. The mine schedule produces a total of 7.3 Mt of ore grading 2.56 g/t Au with an associated 96.7 Mt of waste. A stockpiling strategy is employed to provide higher grade ores in the initial years of operation. The average life of mine (LOM) stripping ratio is 13.2:1 (twaste:tore) over a mine schedule of 7 years including 1 year of pre-stripping 5.1 Mt. After operating Year 6, mining from the pit will cease but mill production will continue into Year 9 as the lower grade material from the stockpile is processed. The La India open pit is located to the northwest of the village of La India and excludes the requirement for the relocation of the village. The pit at full extent maintains a 100m standoff from the nearest structures and is separated by a 5m high berm to minimise the sound, dust, and visual impact of the mine.
The waste rock extracted from the pit will initially be placed in an external dump to the n ........
Source:
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Flow Sheet:
Summary:
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Reserves at March 31, 2022:
Underground Mineral Resources beneath the open pits are reported at a cut-off grade of 2.0 g/t Au over a minimum width of 1.0 m. Cut-off grades are based on a price of USD1,800 per ounce of gold.
Mineral Reserve based on a cut-off grade of 0.6 g/t Au.
| Category | Tonnage | Commodity | Grade | Contained Metal |
|
Probable
|
7.32 Mt
|
Gold
|
2.56 g/t
|
602 koz
|
|
Probable
|
7.32 Mt
|
Silver
|
5.31 g/t
|
1,250 koz
|
|
Indicated
|
9,672 kt
|
Gold
|
3.5 g/t
|
1,088 koz
|
|
Indicated
|
9,672 kt
|
Silver
|
6.4 g/t
|
1,992 koz
|
|
Inferred
|
8,642 kt
|
Gold
|
4.3 g/t
|
1,190 koz
|
|
Inferred
|
8,642 kt
|
Silver
|
8.1 g/t
|
1,193 koz
|
Corporate Filings & Presentations:
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