LSE Trenders’ News: Coms plc (COMS), Leni Gas & Oil Plc (LGO), Condor Gold Plc (CNR)

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PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day (Nasdaq)
Russia, Turkey, Kazakhstan Increased Gold Holdings Before Fall -IMF Russia, Turkey, Azerbaijan and Kazakhstan boosted their gold holdings in March, in a bet on a long-term appreciation in the precious metal’s price just before it slumped by more than $270 an ounce. Condor Gold PLC (LON:CNR) 10-Hole Geotech Drilling at La India Project Condor Gold PLC (LON:CNR), a gold exploration company, said Thursday it has started a geotechnical drilling program of ten drill holes for 1,700 meters on its 100%-owned La India Project in Nicaragua, open pit resource.

Condor Gold, Mwana Africa plc, Ncondezi Coal, Orogen Gold and others feature in Fox-Davies Newsflash (ProactiveInvestors)
…Condor Gold PLC (LON:CNR) announced that it has commenced a geotechnical drilling programme of ten drill holes for 1,700m on La India open pit resource. The current 1,700m of geotechnical drilling is designed to test the competency and strength of the host rock and determine the optimal pit angles for the La India open pit resource. The Preliminary Economic Assessment (PEA) identifies an open pit containing 800koz gold at a 40-42 degree pit angle resulting in a cash cost of US$682 per oz. Sensitivity analysis on the pit slope angles has shown that by steepening the pit angles to 50 degrees, the cash costs to produce an 800koz gold pit reduces by 18% to US$558 per oz due to lower strip ratios.



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