Condor Gold Plc ("Condor", "Condor Gold" or the "Company") Completion of 2,551 m Geotechnical Drilling for Feasibility Study on the La India Open Pit
Condor Gold Plc ("Condor", "Condor Gold" or the "Company") Completion of 2,551 m Geotechnical Drilling for Feasibility Study on the La India Open Pit
SURREY, BC / ACCESSWIRE / November 30, 2021 / Condor Gold (AIM:CNR)(TSX:COG) is pleased to announce the completion of the geotechnical drilling for the upcoming Feasibility Study (FS) at its 100% owned La India Project (the "Project"). Further to the update of 19 October 2021, the programme required a total of 2,551.50 m of oriented core drilling backed by the use of optical and acoustic televiewer scanning, as well as geotechnical lab testing on core samples. This new information is in addition to the data set developed for the Preliminary Feasibility Study (PFS) which consisted of 11 geotechnical holes for a total of 1,836.25 m, and 12 resource drill holes for a total of 2550.43m which have been logged for geotechnical purposes.
不列颠哥伦比亚省萨里/ACCESSWIRE/2021年11月30日/秃鹰黄金公司(AIM:CNR)(多伦多证券交易所股票代码:COG)高兴地宣布,其全资拥有的La India项目(以下简称“项目”)即将进行的可行性研究(FS)的岩土钻探工作已经完成。继2021年10月19日的更新之后,该方案需要总共2551.50米的定向岩心钻探,并使用光学和声波电视扫描,以及岩心样品的岩土实验室测试。这一新信息不包括为初步可行性研究(PFS)开发的数据集,该数据集包括11个岩土钻孔(总计1836.25米)和12个资源钻孔(总计2550.43米),这些数据已被记录用于岩土工程目的。
Both the PFS and the current FS geotechnical programmes were designed and were being monitored by SRK Consulting (UK) Ltd ("SRK"), which included a recent site visit by a senior geotechnical consultant. The primary objective of the geotechnical programme is to upgrade the PFS work to an FS level.
油站及目前的油站岩土工程计划均由SRK Consulting(UK)Ltd(下称“SRK”)设计及监察,当中包括一名高级土力工程顾问最近进行的实地考察。土力工程计划的主要目标,是把加油站工程提升至FS级。
Highlights
亮点
- 21 geotechnical drill holes completed in 2021 for a total of 2,551.50 m of geotechnical drilling for a geotechnical study to FS level on La India Open Pit
- Optical and/or acoustic televiewer employed depending on hole conditions
- Laboratory analysis of rock mass units on selected core samples is underway at Agapito Associates and Advanced Terra Testing, Colorado, USA.
- A combined 32 geotechnical drill holes for 3,251.50 m has been completed on La India open pit providing sufficient data for FS level design pit angles for the pit over the life of mine.
- 2021年完成21个岩土钻孔,总计2551.50米的岩土钻探,用于在La India露天矿进行FS级的岩土研究
- 根据钻孔条件而采用的光学和/或声学电视设备
- 位于美国科罗拉多州的Agapito Associates和Advanced Terra Testing正在对选定岩心样本的岩体单元进行实验室分析。
- La India露天矿总共完成了32个岩土钻孔,长达3251.50米,为矿井整个寿命的FS水平设计坑角提供了足够的数据。
Mark Child, Chairman and CEO commented:
董事长兼首席执行官马克·蔡尔德(Mark Child)评论道:
"The completion of an additional 2,551.50 m of geotechnical drilling for a total of 3,251,50 m of geotechnical drilling to date in support of the slope stability assessment, which includes pit slope angles, represents a significant milestone in the completion of the Feasibility Study for La India Open Pit. The geotechnical analysis will establish the design parameters for the ultimate pit design and the intermediate phases, which in turn will govern the detailed production schedule that underlies the Feasibility Study due in the first quarter of 2022."
“另外完成了2551.50米的岩土钻探,到目前为止总共完成了3251,50米的岩土钻探,以支持包括坑坡角在内的斜坡稳定性评估,这是完成La India露天矿可行性研究的一个重要里程碑。岩土分析将为最终矿坑设计和中间阶段建立设计参数,这反过来又将管理详细的生产时间表,这将是定于2022年第一季度进行的可行性研究的基础。”
Background
背景
Condor announced the commencement of geotechnical drilling in an RNS on the 15 June 2021.
秃鹰于2021年6月15日宣布开始在RNS进行岩土钻探。
Figure 1: Location of all Geotechnical Drilling to Date on La India Open Pit
图1:到目前为止,La India露天矿所有岩土钻探的位置
Note: 17 geotechnical holes in 2021 including 4 holes redrilled at same/similar drill collar.
注:2021年17个岩土钻孔,其中4个在相同/相似钻杆上重新钻孔。
As noted, the objective of the additional geotechnical drilling was to update the understanding of the pit slope stability to a Feasibility Study level of design. The initial 1,700 m was completed in September 2021. Following a review of the results by SRK the programme was extended with an additional five drill holes to further refine the dataset and provide better coverage of key areas of the pit wall. The final data collection from 21 drill holes, including 4 holes that were re-drilled, for 2,551.50 m of drill core was completed on the 19 November, with acceptance of the programme by SRK confirmed the following week.
如上所述,额外岩土钻探的目的是将对基坑边坡稳定性的了解更新到可行性研究的设计水平。最初的1700米于2021年9月完工。在SRK审查了结果之后,该方案又增加了五个钻孔,以进一步完善数据集,并更好地复盖井壁的关键区域。11月19日完成了对2,551.50米钻芯的21个钻孔(包括4个重新钻出的钻孔)的最终数据收集,SRK在接下来的一周确认接受了该计划。
Laboratory analysis of the mechanical characteristics of the rock mass units was awarded to Agapito Associates Inc and Advanced Terra Testing Inc, both in Colorado, USA and has been conducted in parallel with the geotechnical drilling program.
岩石单元力学特性的实验室分析授予了位于美国科罗拉多州的Agapito Associates Inc和Advanced Terra Testing Inc,并与岩土钻探计划同步进行。
Results of the slope analysis by SRK are expected in December 2021 and will govern the ultimate pit limits designed for inclusion within the mining schedules for the Feasibility Study planned for the 1st Quarter 2022.
SRK的边坡分析结果预计将于2021年12月公布,并将控制设计为包括在计划于2021年1月进行的可行性研究的采矿时间表中的最终矿坑界限。ST2022年季度。
About the La India Project and La India Open Pit
关于La India项目和La India露天矿场
Condor announced an updated Preliminary Economic Assessment Technical Report (PEA) on 9 September 2021, which has subsequently been filed on SEDAR. A highlight of the PEA is the open pit and underground scenario producing a Post-Tax NPV5 of US$418M, IRR 54%, average production of 150,000 oz gold p.a. for 9 years and payback 12 Months. The La India open pit represents the largest proportion of open-pit production for the La India Project. La India open pit inventory in the PEA, which combines an Indicated Mineral Resource and Inferred Mineral Resource, consists of approximately 8.34 million tonnes of ore grading 2.56 g/t with 79.62 million tonnes of waste for a strip ratio of 9.5 to 1.
秃鹰于2021年9月9日公布了更新后的初步经济评估技术报告(PEA),该报告随后已提交给SEDAR。PEA的一个亮点是露天和地下方案,税后NPV5为4.18亿美元,内部收益率为54%,平均年产量为150,000盎司黄金。9年,还款12个月。La India露天矿是La India项目露天开采的最大比例。PEA中的La India露天矿场库存结合了指示矿产资源和推断矿产资源,包括大约834万吨矿石品位2.56克/吨和7962万吨废物,条带比率为9.5:1。
- Ends -
-结束-
For further information please visit www.condorgold.com or contact:
欲了解更多信息,请访问www.condorgold.com或联系:
Condor Gold plc |
Mark Child, Chairman and CEO +44 (0) 20 7493 2784 |
Beaumont Cornish Limited |
Roland Cornish and James Biddle +44 (0) 20 7628 3396 |
SP Angel Corporate Finance LLP |
Ewan Leggat +44 (0) 20 3470 0470 |
H&P Advisory Limited |
Andrew Chubb and Nilesh Patel +44 207 907 8500 |
Blytheweigh |
Tim Blythe and Megan Ray +44 (0) 20 7138 3204 |
秃鹰黄金公司 |
马克·蔡尔德,董事长兼首席执行官 +44 (0) 20 7493 2784 |
博蒙特康尼什有限公司 |
罗兰·科尼什和詹姆斯·比德尔 +44 (0) 20 7628 3396 |
SP Angel Corporation Finance LLP |
伊万·莱格特 +44 (0) 20 3470 0470 |
惠普咨询有限公司 |
安德鲁·丘布和尼莱什·帕特尔 +44 207 907 8500 |
BlytheWeight |
蒂姆·布莱斯和梅根·雷 +44 (0) 20 7138 3204 |
About Condor Gold plc:
关于秃鹰黄金公司:
Condor Gold plc was admitted to AIM in May 2006 and dual listed on the TSX in January 2018. The Company is a gold exploration and development company with a focus on Nicaragua.
秃鹰黄金公司于2006年5月获准进入AIM,并于2018年1月在多伦多证交所双重上市。该公司是一家专注于尼加拉瓜的金矿勘探开发公司。
On 25 October 2021 Condor announced the filing of a Preliminary Economic Assessment Technical Report ("PEA") for its La India Project, Nicaragua on SEDAR . The highlight of the technical study is a post-tax, post upfront capital expenditure NPV of US$418 million, with an IRR of 54% and 12 month pay-back period, assuming a US$1,700 per oz gold price, with average annual production of 150,000 oz gold per annum for the initial 9 years of gold production for combined open pit and underground operations. The open pit mine schedules have been optimised from designed pits, bringing higher grade gold forward resulting in average annual production of 157,000 oz gold in the first 2 years from open pit material and underground mining funded out of cashflow.
2021年10月25日,秃鹰宣布为其位于尼加拉瓜的La India项目提交一份关于SEDAR的初步经济评估技术报告(“PEA”)。技术研究的重点是税后前期资本支出净现值为4.18亿美元,内部回报率为54%,回收期为12个月,假设黄金价格为每盎司1,700美元,露天和地下联合开采的黄金生产最初9年的平均年产量为150,000盎司黄金。露天矿开采计划已根据设计的矿场进行了优化,将较高品位的黄金提前开采,使露天矿材料和地下采矿在头两年的平均年产量达到157,000盎司黄金,而地下开采的资金来自现金流。
In August 2018, the Company announced that the Ministry of the Environment in Nicaragua had granted the Environmental Permit ("EP") for the development, construction and operation of a processing plant with capacity to process up to 2,800 tonnes per day at its wholly-owned La India gold Project ("La India Project"). The EP is considered the master permit for mining operations in Nicaragua. Condor has purchased a new SAG Mill, which has mainly arrived in Nicaragua. Site clearance and preparation is at an advanced stage.
2018年8月,本公司宣布尼加拉瓜环境部已授予环境许可证(“极压“)在其全资拥有的La India金矿项目开发、建造和运营一座日加工能力高达2800吨的加工厂(”La India项目“)。EP被认为是尼加拉瓜采矿作业的总许可证。秃鹰已经购买了一个新的SAG磨坊,主要到达尼加拉瓜。场地清理和准备工作已进入后期阶段。
Environmental Permits were granted in April and May 2020 for the Mestiza and America open pits respectively, both located close to La India. The Mestiza open pit hosts 92 Kt at a grade of 12.1 g/t gold (36,000 oz contained gold) in the Indicated Mineral Resource category and 341 Kt at a grade of 7.7 g/t gold (85,000 oz contained gold) in the Inferred Mineral Resource category. The America open pit hosts 114 Kt at a grade of 8.1 g/t gold (30,000 oz) in the Indicated Mineral Resource category and 677 Kt at a grade of 3.1 g/t gold (67,000 oz) in the Inferred Mineral Resource category. Following the permitting of the Mestiza and America open pits, together with the La India Open Pit Condor has 1.12 M oz gold open pit Mineral Resources permitted for extraction.
2020年4月和5月,梅斯蒂扎和美国露天矿场分别获得了环境许可证,这两个矿场都位于拉印附近。Mestiza露天矿在指示矿产资源类别拥有92千吨黄金品位为12.1g/t黄金(36,000盎司含金),在推断矿产资源类别拥有341千吨黄金品位为7.7克/吨黄金(85,000盎司含金)。美国露天矿在指示矿产资源类别拥有114千吨黄金品位为8.1g/t(30,000盎司),在推断矿产资源类别拥有677千吨黄金品位为3.1克/吨黄金(67,000盎司)。在Mestiza和America露天矿场获得许可后,连同La India露天矿场秃鹰,已允许开采1.12亿盎司黄金露天矿藏资源。
Disclaimer
免责
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
本公告既不包含本公司网站的内容,也不包含可从本公司网站(或任何其他网站)的超链接访问的任何网站的内容,也不构成本公告的一部分。
Qualified Persons
合格人员
The technical and scientific information in this press release has been reviewed, verified and approved by Andrew Cheatle, P.Geo., who is a "qualified person" as defined by NI 43-101 and Gerald D. Crawford, P.E., who is a "qualified person" as defined by NI 43-101 and is the Chief Technical Officer of Condor Gold plc.
本新闻稿中的技术和科学信息已经过安德鲁·齐特尔(P.Geo)和杰拉尔德·D·克劳福德(Gerald D.Crawford)的审核、核实和批准,前者是NI 43-101定义的“合格人士”,后者是NI 43-101定义的“合格人士”,也是秃鹰黄金公司的首席技术官。
Technical Information
技术信息
Certain disclosure contained in this news release of a scientific or technical nature has been summarised or extracted from the technical report entitled "Technical Report on the La India Gold Project, Nicaragua, October 2021", dated October 22, 2021 with an effective date of September 9, 2021 (the "Technical Report"), prepared in accordance with NI 43-101. The Qualified Persons responsible for the Technical Report are Dr Tim Lucks of SRK Consulting (UK) Limited, and Mr Fernando Rodrigues, Mr Stephen Taylor and Mr Ben Parsons of SRK Consulting (U.S.) Inc. Mr Parsons assumes responsibility for the MRE, Mr Rodrigues the open pit mining aspects, Mr Taylor the underground mining aspects and Dr Lucks for the oversight of the remaining technical disciplines and compilation of the report.
本新闻稿中包含的某些科学或技术性质的披露已摘要或摘录自题为“关于尼加拉瓜La India金矿项目的技术报告,2021年10月日期为2021年10月22日,生效日期为2021年9月9日(技术报告负责技术报告的合格人员是SRK Consulting(UK)Limited的Tim Lucks博士,以及SRK Consulting(U.S.)Inc.的Fernando Rodrigues先生、Stephen Taylor先生和Ben Parsons先生。Parsons先生负责MRE,Rodrigues先生负责露天采矿方面,Taylor先生负责地下采矿方面,Lucks博士负责监督其余技术规程和报告的编写。
Forward Looking Statements
前瞻性陈述
All statements in this press release, other than statements of historical fact, are 'forward-looking information' with respect to the Company within the meaning of applicable securities laws, including, but not limited to, statements with respect to: the use of proceeds of the offering; the impact of a Feasibility Study on, including investor confidence in, the Project; the ability of the Company to access future financing; the ongoing mining dilution and pit optimisation studies, and the incorporation of same into any mining production schedule, future development and production plans at La India Project. Forward-looking information is often, but not always, identified by the use of words such as: "seek", "anticipate", "plan", "continue", "strategies", "estimate", "expect", "Project", "predict", "potential", "targeting", "intends", "believe", "potential", "could", "might", "will" and similar expressions. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions regarding: future commodity prices and royalty regimes; availability of skilled labour; timing and amount of capital expenditures; future currency exchange and interest rates; the impact of increasing competition; general conditions in economic and financial markets; availability of drilling and related equipment; effects of regulation by governmental agencies; the receipt of required permits; royalty rates; future tax rates; future operating costs; availability of future sources of funding; ability to obtain financing and assumptions underlying estimates related to adjusted funds from operations. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct.
除有关历史事实的陈述外,本新闻稿中的所有陈述均为适用证券法所指的有关该公司的“前瞻性信息”,包括但不限于以下陈述:发售所得资金的使用;可行性研究对该项目(包括投资者对该项目的信心)的影响;该公司获得未来融资的能力;正在进行的采矿稀释和矿坑优化研究,以及将其纳入La India Project的任何采矿生产计划、未来开发和生产计划的情况。前瞻性信息通常但不总是通过使用诸如“寻求”、“预期”、“计划”、“继续”、“战略”、“估计”、“预期”、“项目”、“预测”、“潜在”、“目标”、“打算”、“相信”、“潜在”、“可能”、“可能”、“将会”和类似的表达方式来识别。前瞻性信息不是对未来业绩的保证,而是基于作出陈述之日管理层的一系列估计和假设,其中除其他外,包括以下假设:未来大宗商品价格和特许权使用费制度;可获得熟练劳动力;资本支出的时间和金额;未来货币汇率和利率;竞争加剧的影响;经济和金融市场的总体状况;钻井和相关设备的可用性;政府机构监管的影响;所需许可证的接收;特许权使用费费率;未来税率;未来运营成本;未来资金来源的可获得性;许多假设都基于公司无法控制的因素和事件,不能保证它们将被证明是正确的。
Such forward-looking information involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to: mineral exploration, development and operating risks; estimation of mineralisation and resources; environmental, health and safety regulations of the resource industry; competitive conditions; operational risks; liquidity and financing risks; funding risk; exploration costs; uninsurable risks; conflicts of interest; risks of operating in Nicaragua; government policy changes; ownership risks; permitting and licencing risks; artisanal miners and community relations; difficulty in enforcement of judgments; market conditions; stress in the global economy; current global financial condition; exchange rate and currency risks; commodity prices; reliance on key personnel; dilution risk; payment of dividends; as well as those factors discussed under the heading "Risk Factors" in the Company's annual information form for the fiscal year ended December 31, 2020 dated March 31, 2021 and available under the Company's SEDAR profile at www.sedar.com.
这类前瞻性信息涉及已知和未知风险,可能导致实际结果与此类前瞻性信息明示或暗示的任何未来结果大不相同,这些风险包括:矿产勘探、开发和经营风险;矿化和资源评估;资源行业的环境、健康和安全法规;竞争状况;运营风险;流动性和融资风险;资金风险;勘探成本;不可保风险;利益冲突;在尼加拉瓜经营的风险;政府政策变化;所有权风险;许可和许可风险;手工采矿者和当前的全球财务状况;汇率和货币风险;大宗商品价格;对关键人员的依赖;稀释风险;股息支付;以及在截至2021年3月31日的公司年度信息表中“风险因素”标题下讨论的那些因素,这些因素可在公司的SEDAR简介中查阅,网址是www.sedar.com。
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
尽管公司试图找出可能导致实际行动、事件或结果与前瞻性信息中描述的大不相同的重要因素,但也可能有其他因素导致行动、事件或结果与预期、估计或预期的不同。不能保证这些信息将被证明是准确的,因为实际结果和未来事件可能与此类声明中预期的大不相同。除非法律要求,否则公司不会因为新信息、未来事件或其他原因而更新或修改任何前瞻性信息,也不承担任何义务。
Technical Glossary
技术术语表
Feasibility Study | A Feasibility Study is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of applicable Modifying Factors together with any other relevant operational factors and detailed financial analysis that are necessary to demonstrate, at the time of reporting, that extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a final decision by a proponent or financial institution to proceed with, or finance, the development of the project. The confidence level of the study will be higher than that of a Pre-Feasibility Study. (CIM Definition Standards) |
Geotechnical Drilling | Drilling that is conducted primarily for the purposes of determining the strength and stability characteristics of a rock mass hosting a mineral resource. Such drilling determines the type of rock, orientation of faults or fracture patterns, presence of water or other factors determining the design parameters for a mine. |
Preliminary Feasibility Study | A Pre-Feasibility Study is a comprehensive study of a range of options for the technical and economic viability of a mineral project that has advanced to a stage where a preferred mining method, in the case of underground mining, or the pit configuration, in the case of an open pit, is established and an effective method of mineral processing is determined. It includes a financial analysis based on reasonable assumptions on the Modifying Factors and the evaluation of any other relevant factors which are sufficient for a Qualified Person, acting reasonably, to determine if all or part of the Mineral Resource may be converted to a Mineral Reserve at the time of reporting. A Pre-Feasibility Study is at a lower confidence level than a Feasibility Study |
NI 43-101 | Canadian National Instrument 43-101 a common standard for reporting of identified mineral resources and ore reserves |
Oriented Core | A specialized drilling technique that marks the core samples generated by diamond drilling with the high point of the core. These markings permit the determination of the faulting or fracturing directions within the rock mass. |
Televiewer | A down-hole tool that is used to provide either optical or acoustic images of the walls of a drillhole, usually a diamond drill hole. These images can then be used to further refine the understanding of the orientation of faulting and fracturing with a rock mass. |
可行性研究 | 可行性研究是对选定的矿产项目开发方案进行的全面技术和经济研究,包括对适用的修正因素以及任何其他相关经营因素进行适当详细的评估,并进行详细的财务分析,以证明在报告时开采是合理的(在经济上是可开采的)。研究结果可合理地作为倡议者或金融机构进行或资助项目发展的最终决定的基础。这项研究的置信水平将高于可行性前期研究。(CIM定义标准) |
岩土钻探 | 主要是为了确定蕴藏矿产资源的岩体的强度和稳定性特征而进行的钻探。这种钻探决定了岩石的类型、断层或破裂模式的方向、水的存在或其他决定矿井设计参数的因素。 |
初步可行性研究 | 预可行性研究是对一项矿产项目技术和经济可行性的一系列备选方案进行的综合研究,该项目已发展到一个阶段,即确定地下采矿的首选采矿方法或露天矿的矿坑配置,并确定有效的选矿方法。该报告包括基于对修正因素的合理假设进行的财务分析,以及对任何其他相关因素的评估,该等因素足以让合资格人士采取合理行动,以确定在报告时是否可以将全部或部分矿产资源转换为矿产储量。预可行性研究的置信度低于可行性研究。 |
NI 43-101 | 加拿大国家文书43-101-报告已查明矿产资源和矿石储量的通用标准 |
定向核心 | 一种特殊的钻探技术,将钻石钻探产生的岩心样品标记为岩心的最高点。这些标记可以确定岩体内的断层或破裂方向。 |
电视观众 | 一种井下工具,用于提供钻孔(通常是金刚石钻孔)壁面的光学或声学图像。然后,这些图像可以用来进一步完善对岩体断裂和破裂方向的理解。 |
SOURCE: Condor Gold plc
资料来源:秃鹰黄金公司