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.
不列顛哥倫比亞省薩裏/ACCESSWIRE/2021年11月30日/禿鷹黃金公司(AIM:CNR)(多倫多證券交易所股票代碼:COG)高興地宣佈,其全資擁有的La India項目(以下簡稱“項目”)即將進行的可行性研究(FS)的巖土鑽探工作已經完成。繼2021年10月19日的更新之後,該方案需要總共2551.50米的定向巖心鑽探,並使用光學和聲波電視掃描,以及巖心樣品的巖土實驗室測試。這一新信息不包括為初步可行性研究(PFS)開發的數據集,該數據集包括11個巖土鑽孔(總計1836.25米)和12個資源鑽孔(總計2550.43米),這些數據已被記錄用於巖土工程目的。
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.
油站及目前的油站巖土工程計劃均由SRK Consulting(UK)Ltd(下稱“SRK”)設計及監察,當中包括一名高級土力工程顧問最近進行的實地考察。土力工程計劃的主要目標,是把加油站工程提升至FS級。
Highlights
亮點
- 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個巖土鑽孔,總計2551.50米的巖土鑽探,用於在La India露天礦進行FS級的巖土研究
- 根據鑽孔條件而採用的光學和/或聲學電視設備
- 位於美國科羅拉多州的Agapito Associates和Advanced Terra Testing正在對選定巖心樣本的巖體單元進行實驗室分析。
- La India露天礦總共完成了32個巖土鑽孔,長達3251.50米,為礦井整個壽命的FS水平設計坑角提供了足夠的數據。
Mark Child, Chairman and CEO commented:
董事長兼首席執行官馬克·蔡爾德(Mark Child)評論道:
"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米的巖土鑽探,到目前為止總共完成了3251,50米的巖土鑽探,以支持包括坑坡角在內的斜坡穩定性評估,這是完成La India露天礦可行性研究的一個重要里程碑。巖土分析將為最終礦坑設計和中間階段建立設計參數,這反過來又將管理詳細的生產時間表,這將是定於2022年第一季度進行的可行性研究的基礎。”
Background
背景
Condor announced the commencement of geotechnical drilling in an RNS on the 15 June 2021.
禿鷹於2021年6月15日宣佈開始在RNS進行巖土鑽探。
Figure 1: Location of all Geotechnical Drilling to Date on La India Open Pit
圖1:到目前為止,La India露天礦所有巖土鑽探的位置
Note: 17 geotechnical holes in 2021 including 4 holes redrilled at same/similar drill collar.
注:2021年17個巖土鑽孔,其中4個在相同/相似鑽桿上重新鑽孔。
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,額外巖土鑽探的目的是將對基坑邊坡穩定性的瞭解更新到可行性研究的設計水平。最初的1700米於2021年9月完工。在SRK審查了結果之後,該方案又增加了五個鑽孔,以進一步完善數據集,並更好地覆蓋井壁的關鍵區域。11月19日完成了對2,551.50米鑽芯的21個鑽孔(包括4個重新鑽出的鑽孔)的最終數據收集,SRK在接下來的一週確認接受了該計劃。
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.
巖石單元力學特性的實驗室分析授予了位於美國科羅拉多州的Agapito Associates Inc和Advanced Terra Testing Inc,並與巖土鑽探計劃同步進行。
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的邊坡分析結果預計將於2021年12月公佈,並將控制設計為包括在計劃於2021年1月進行的可行性研究的採礦時間表中的最終礦坑界限。ST2022年季度。
About the La India Project and La India Open Pit
關於La India項目和La India露天礦場
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.
禿鷹於2021年9月9日公佈了更新後的初步經濟評估技術報告(PEA),該報告隨後已提交給SEDAR。PEA的一個亮點是露天和地下方案,税後NPV5為4.18億美元,內部收益率為54%,平均年產量為150,000盎司黃金。9年,還款12個月。La India露天礦是La India項目露天開採的最大比例。PEA中的La India露天礦場庫存結合了指示礦產資源和推斷礦產資源,包括大約834萬噸礦石品位2.56克/噸和7962萬噸廢物,條帶比率為9.5:1。
- Ends -
-結束-
For further information please visit www.condorgold.com or contact:
欲瞭解更多信息,請訪問www.condorgold.com或聯繫:
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 |
禿鷹黃金公司 |
馬克·蔡爾德,董事長兼首席執行官 +44 (0) 20 7493 2784 |
博蒙特康尼什有限公司 |
羅蘭·科尼什和詹姆斯·比德爾 +44 (0) 20 7628 3396 |
SP Angel Corporation Finance LLP |
伊萬·萊格特 +44 (0) 20 3470 0470 |
惠普諮詢有限公司 |
安德魯·丘布和尼萊什·帕特爾 +44 207 907 8500 |
BlytheWeight |
蒂姆·布萊斯和梅根·雷 +44 (0) 20 7138 3204 |
About Condor Gold plc:
關於禿鷹黃金公司:
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.
禿鷹黃金公司於2006年5月獲準進入AIM,並於2018年1月在多倫多證交所雙重上市。該公司是一家專注於尼加拉瓜的金礦勘探開發公司。
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,禿鷹宣佈為其位於尼加拉瓜的La India項目提交一份關於SEDAR的初步經濟評估技術報告(“PEA”)。技術研究的重點是税後前期資本支出淨現值為4.18億美元,內部回報率為54%,回收期為12個月,假設黃金價格為每盎司1,700美元,露天和地下聯合開採的黃金生產最初9年的平均年產量為150,000盎司黃金。露天礦開採計劃已根據設計的礦場進行了優化,將較高品位的黃金提前開採,使露天礦材料和地下采礦在頭兩年的平均年產量達到157,000盎司黃金,而地下開採的資金來自現金流。
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,本公司宣佈尼加拉瓜環境部已授予環境許可證(“極壓“)在其全資擁有的La India金礦項目開發、建造和運營一座日加工能力高達2800噸的加工廠(”La India項目“)。EP被認為是尼加拉瓜採礦作業的總許可證。禿鷹已經購買了一個新的SAG磨坊,主要到達尼加拉瓜。場地清理和準備工作已進入後期階段。
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,梅斯蒂扎和美國露天礦場分別獲得了環境許可證,這兩個礦場都位於拉印附近。Mestiza露天礦在指示礦產資源類別擁有92千噸黃金品位為12.1g/t黃金(36,000盎司含金),在推斷礦產資源類別擁有341千噸黃金品位為7.7克/噸黃金(85,000盎司含金)。美國露天礦在指示礦產資源類別擁有114千噸黃金品位為8.1g/t(30,000盎司),在推斷礦產資源類別擁有677千噸黃金品位為3.1克/噸黃金(67,000盎司)。在Mestiza和America露天礦場獲得許可後,連同La India露天礦場禿鷹,已允許開採1.12億盎司黃金露天礦藏資源。
Disclaimer
免責
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網站的內容,也不包含可從本公司網站(或任何其他網站)的超鏈接訪問的任何網站的內容,也不構成本公告的一部分。
Qualified Persons
合格人員
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.
本新聞稿中的技術和科學信息已經過安德魯·齊特爾(P.Geo)和傑拉爾德·D·克勞福德(Gerald D.Crawford)的審核、核實和批准,前者是NI 43-101定義的“合格人士”,後者是NI 43-101定義的“合格人士”,也是禿鷹黃金公司的首席技術官。
Technical Information
技術信息
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.
本新聞稿中包含的某些科學或技術性質的披露已摘要或摘錄自題為“關於尼加拉瓜La India金礦項目的技術報告,2021年10月日期為2021年10月22日,生效日期為2021年9月9日(技術報告負責技術報告的合格人員是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先生負責MRE,Rodrigues先生負責露天採礦方面,Taylor先生負責地下采礦方面,Lucks博士負責監督其餘技術規程和報告的編寫。
Forward Looking Statements
前瞻性陳述
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.
除有關歷史事實的陳述外,本新聞稿中的所有陳述均為適用證券法所指的有關該公司的“前瞻性信息”,包括但不限於以下陳述:發售所得資金的使用;可行性研究對該項目(包括投資者對該項目的信心)的影響;該公司獲得未來融資的能力;正在進行的採礦稀釋和礦坑優化研究,以及將其納入La India Project的任何採礦生產計劃、未來開發和生產計劃的情況。前瞻性信息通常但不總是通過使用諸如“尋求”、“預期”、“計劃”、“繼續”、“戰略”、“估計”、“預期”、“項目”、“預測”、“潛在”、“目標”、“打算”、“相信”、“潛在”、“可能”、“可能”、“將會”和類似的表達方式來識別。前瞻性信息不是對未來業績的保證,而是基於作出陳述之日管理層的一系列估計和假設,其中除其他外,包括以下假設:未來大宗商品價格和特許權使用費制度;可獲得熟練勞動力;資本支出的時間和金額;未來貨幣匯率和利率;競爭加劇的影響;經濟和金融市場的總體狀況;鑽井和相關設備的可用性;政府機構監管的影響;所需許可證的接收;特許權使用費費率;未來税率;未來運營成本;未來資金來源的可獲得性;許多假設都基於公司無法控制的因素和事件,不能保證它們將被證明是正確的。
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.
這類前瞻性信息涉及已知和未知風險,可能導致實際結果與此類前瞻性信息明示或暗示的任何未來結果大不相同,這些風險包括:礦產勘探、開發和經營風險;礦化和資源評估;資源行業的環境、健康和安全法規;競爭狀況;運營風險;流動性和融資風險;資金風險;勘探成本;不可保風險;利益衝突;在尼加拉瓜經營的風險;政府政策變化;所有權風險;許可和許可風險;手工採礦者和當前的全球財務狀況;匯率和貨幣風險;大宗商品價格;對關鍵人員的依賴;稀釋風險;股息支付;以及在截至2021年3月31日的公司年度信息表中“風險因素”標題下討論的那些因素,這些因素可在公司的SEDAR簡介中查閲,網址是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.
儘管公司試圖找出可能導致實際行動、事件或結果與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導致行動、事件或結果與預期、估計或預期的不同。不能保證這些信息將被證明是準確的,因為實際結果和未來事件可能與此類聲明中預期的大不相同。除非法律要求,否則公司不會因為新信息、未來事件或其他原因而更新或修改任何前瞻性信息,也不承擔任何義務。
Technical Glossary
技術術語表
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 | 可行性研究是對選定的礦產項目開發方案進行的全面技術和經濟研究,包括對適用的修正因素以及任何其他相關經營因素進行適當詳細的評估,並進行詳細的財務分析,以證明在報告時開採是合理的(在經濟上是可開採的)。研究結果可合理地作為倡議者或金融機構進行或資助項目發展的最終決定的基礎。這項研究的置信水平將高於可行性前期研究。(CIM定義標準) |
巖土鑽探 | 主要是為了確定藴藏礦產資源的巖體的強度和穩定性特徵而進行的鑽探。這種鑽探決定了巖石的類型、斷層或破裂模式的方向、水的存在或其他決定礦井設計參數的因素。 |
初步可行性研究 | 預可行性研究是對一項礦產項目技術和經濟可行性的一系列備選方案進行的綜合研究,該項目已發展到一個階段,即確定地下采礦的首選採礦方法或露天礦的礦坑配置,並確定有效的選礦方法。該報告包括基於對修正因素的合理假設進行的財務分析,以及對任何其他相關因素的評估,該等因素足以讓合資格人士採取合理行動,以確定在報告時是否可以將全部或部分礦產資源轉換為礦產儲量。預可行性研究的置信度低於可行性研究。 |
NI 43-101 | 加拿大國家文書43-101-報告已查明礦產資源和礦石儲量的通用標準 |
定向核心 | 一種特殊的鑽探技術,將鑽石鑽探產生的巖心樣品標記為巖心的最高點。這些標記可以確定巖體內的斷層或破裂方向。 |
電視觀眾 | 一種井下工具,用於提供鑽孔(通常是金剛石鑽孔)壁面的光學或聲學圖像。然後,這些圖像可以用來進一步完善對巖體斷裂和破裂方向的理解。 |
SOURCE: Condor Gold plc
資料來源:禿鷹黃金公司