Condor Gold PLC RETIREMENT OF NON EXECUTIVE DIRECTOR (9958Q)
11 June 2018 - 9:49PM
UK Regulatory
TIDMCNR
RNS Number : 9958Q
Condor Gold PLC
11 June 2018
Condor Gold plc
7th Floor
39 St. James's Street
London
SW1A 1JD
Telephone +44 020 74932784
Fax: +44 020 74938633
11(th) June 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
Peter Flindell has retired as a Non Executive Director of Condor
Gold and will leave the Board with immediate effect. The Board
thanks Mr Flindell for his substantial contribution during the last
four years.
Mark Child, Chairman and CEO, commented:
"On behalf of the Board, I would like to thank Peter for his
substantial contribution to Condor Gold during the last four years.
As a senior geologist on the Board, his strategic advice and input
into the geological model for the La India Project has been
valuable. Additionally, his successful planning of the geochemistry
soil survey of 313 sq km, which demonstrates a major Gold District
at La India Project, and his contribution to recent drilling
programmes have significantly contributed to the continued
development of the Project. In this respect, Condor retains a
highly experienced senior management team led by Chief Technical
Officer and Mining Engineer, Dave Crawford, Senior Geological
Consultant, Dr Warren Pratt and local General Manager and Mining
Engineer, Aiser Sarria. At a personal level, I thank Peter 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 Limited Roland Cornish and James Biddle
+44 (0) 20 7628 3396
Numis Securities Limited John Prior and James Black
+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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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