Company Information for Condor Resources plc

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Company Statement

Condor Resources plc is a UK based AIM listed exploration Company with a strong focus on the exploration and development of gold and silver resources within Central America. 

The Company owns outright or can earn a majority interest in a substantial portfolio of concessions largely prospective for high-grade epithermal gold and silver in El Salvador and Nicaragua in Central America.

Condor's management team have extensive experience in mineral exploration, project development and project financing, ensuring that the Company has the best possible opportunity to achieve exploration success in these prospective areas of Central America.

The Company was successfully admitted to the official list of the London Stock Exchange AIM Market on 31st May 2006.

Current Operations

Nicaragua
Nicaragua, the largest country in Central America, is dominated by Mesozoic volcanic and felsic intrusive rocks in the west and Quaternary volcanic rocks in the east in addition to a belt of Palaeozoic metamorphic rocks in the north. All three geological regions host high-grade economic mineral deposits with active or historic gold mining.

Condor has secured either directly or through Farm-In Joint Ventures, several project areas located across all three major geological terranes. The projects are all within the most prospective exploration regions of Nicaragua, including the four currently active mining districts recognized for their gold and copper production; Bonanza (3 million ounces gold), Siuna-Rosita (3.8Mt at 5.6g/t gold), El Limón (2.2 million ounces gold) and La India - La Libertad (2.6Mt at 8.5g/t gold).

Condor’s Projects include:
- Segovia Project  
- Matagalpa Project 
- Siuna Project

El Salvador
Located on the isthmus between North and South America, El Salvador is dominated by late Cretaceous to Quaternary volcanic rocks including rhyolite flows and domes, voluminous andesite and basalt flows, volcaniciastics and pyroclastics which host the majority of the high-grade economic mineral deposits found in El Salvador. 

Condor currently holds several exploration licences within El Salvador that are considered by management to hold significant mineral potential.

Condor’s Projects include:
- La Calera
- El Pescadito

Resource and Reserve Inventory - El Salvador
The La Calera Project contains JORC Inferred Resources of over 312,000 ounces of gold and over 275,000 ounces of silver.

The Loma del Caballo Prospect of the El Pescadito Project contains JORC Inferred Resources of 116,500 ounces gold and 3.2million ounces silver.

The El Pescadito Project contains JORC Inferred Resources of over 434,000 ounces of gold and 22.1million ounces of silver.

Condor Resources plc announced on 28 January 2008, a maiden resource calculation of 39,000 ounces of gold and 1,700,000 ounces of sliver at its El Gigante Prospect.

The company's global resources now stand at some 747,000 ounces of gold and 22.3 million ounces of sliver.

Geographical Spread

Central America




- Nicaragua




- El Salvador

Board of Directors and Key Management

Major Shareholders

Most Recent Statement