Condor Gold Ord Shs T.COG

Zijin Mining

[kcac1]

I would be surprised if this large Chinese miner producing tons of high grade gold, just a few hundred miles south of Condor's assets withd two more Zijin gold mines in Northern South American had not looked at Condor. Very quite on bids for the Nicaraguan assets, the stock just drifting there is a new video apparently out today showing the site and quite well done that I will post after posting this. I am betting/hoping Zijin is in the bidding as they have very little country risk compared to Western gold companies. US sanctions mean nothing to them.. 

Buritic Gold Mine

• Location
  Buritic, Colombia
• Ownership
  69.28%
• Project status
  In operation + expansion
• Deposit Type
  IS epithermal gold deposit
• Reserves & resources
  Contained gold of 320t with grade of 6.93 g/t
• Mining & Processing methods
  Underground mining + gravity separation + flotation
• 2021 Production
  6.1 tonnes of mined gold

• Project Overview
  The Buritic Gold Mine in Colombia is among the world’s largest, ultra-high grade gold mines, grading at 6.93 g/t. In operation since October 2020, Buritic has become a new growth area for Zijin’s gold business. Technical upgrading and expansion at the Buritic Gold Mine will be completed in 2021. After reaching its designed capacity, the mine’s production capacity will increase from 3,000 tonnes to 4,000 tonnes per day, and annual gold production will increase from 7.8 tonnes to 9.1 tonnes.

 

[Sil.D]

Agree, good info. I have been interested and invested in nicaragua gold for years, including B2 and Mako. Much turnover of the mines has happened and it only make sense that the chinese involved in the next round. isnt china buying the gold being funneled from venzuala through nicaragua? and who profits from that? i think china takes over in most of central and south america in next 5 to 10 years