TIDMCNR

RNS Number : 3036C

Condor Gold PLC

18 January 2018

 
                                                                    Condor Gold plc 
                                                                          7th Floor 
                                                               39 St.James's Street 
                                                                             London 
                                                                 SW1A 1JD Telephone 
                                                                   +44 020 74932784 
                                                                               Fax: 
                                                                   +44 020 74938633

18(th) January 2018

Condor Gold plc

("Condor", "Condor Gold" or the "Company")

RETIREMENT OF NON -EXECUTIVE DIRECTOR

Condor Gold (AIM: CNR; OTCQX: CNFGF; TSX: COG) announces that Mr Roger Davey has retired as a Non -Executive Director of Condor Gold and will leave the Board with immediate effect. Mr Davey served two three-year terms and the Board thanks Mr Davey for his substantial contribution during the period.

Mark Child, Chairman and CEO commented:

"I would like to thank Roger for his substantial contribution to Condor Gold during the last 6 years. As the senior mining engineer on the Board, I would like to thank Roger for his strategic advice, his valuable input into the technical studies for the Pre-Feasibility Study and, at a personal level, for his mentorship during his period with the Company."

- Ends -

For further information please visit www.condorgold.com or contact:

 
 Condor Gold plc    Mark Child, Chairman and CEO 
                     +44 (0) 20 7493 2784 
 Beaumont Cornish    Roland Cornish and James Biddle 
  Limited             +44 (0) 20 7628 3396 
 Numis Securities   John Prior and James Black 
  Limited            +44 (0) 20 7260 1000 
 Blytheweigh        Tim Blythe, Camilla Horsfall 
                     and Megan Ray 
                     +44 (0) 20 7138 3204

About Condor Gold plc:

Condor Gold plc was admitted to AIM on 31 May 2006. The Company is a gold exploration and development company with a focus on Central America.

Condor published a Pre-Feasibility Study ("PFS") on its wholly owned La India Project in Nicaragua in December 2014, as summarized in the Technical Report (as defined below). The PFS details an open pit gold mineral reserve in the Probable category of 6.9 million metric tonnes ("Mt") at 3.0 grams per tonne ("g/t") gold for 675,000 oz gold, producing 80,000 oz gold per annum for seven years. La India Project contains a mineral resource in the Indicated category of 9.6 Mt at 3.5 g/t for 1.08 million oz gold and a total mineral resource in the Inferred category of 8.5 Mt at 4.5 g/t for 1.23 million oz gold. The Indicated mineral resource is inclusive of the mineral reserve.

Disclaimer

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.

Technical Information

The disclosure contained in this news release of a scientific or technical nature has been summarized or extracted from the technical report entitled "Technical Report on the La India Gold Project, Nicaragua, December 2014", dated November 13, 2017 with an effective date of December 21, 2014 (the "Technical Report"), prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The Technical Report was prepared by or under the supervision of Tim Lucks, Principal Consultant (Geology & Project Management), Gabor Bacsfalusi, Principal Consultant (Mining), Benjamin Parsons, Principal Consultant (Resource Geology), each of SRK Consulting (UK) Limited, and Neil Lincoln of Lycopodium Minerals Canada Ltd., each of whom is an independent Qualified Person as such term is defined in NI 43-101.

Forward Looking Statements

Certain statements in this news release constitute forward-looking information under applicable Canadian securities laws. These statements relate to future events or future performance and include, but are not limited to, estimates of mineral resources and mineral reserves, and future gold production at the La India Project. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "objectives", "strategies", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 18, 2018 09:46 ET (14:46 GMT)

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