At the mill, 6,618.8 ounces of gold and 2,768.3 ounces of silver were recovered. Gold was sold at an average price of CAN$1,380 per ounce and silver was sold at an average price of CAN$ 21.72 per ounce. The proceeds from the sales totaled CAN$ 9,192,191, for an average of $ 212.06 per tonne of mineralization.
The RBD1 conductor was identified from Moving and Fixed Loop Transient Electromagnetic ground geophysical surveys. RBD1 is a broad, deep conductive anomaly located at the junction of three interpreted faults and a mafic/ultramafic rock sequence.
Midas Gold and its independent metallurgical consultants have completed an extensive and rigorous metallurgical program designed to support completion of a Preliminary Feasibility Study, said Stephen Quin, President & CEO of Midas Gold Corp.
The upswing in M&A activity compared with a year ago suggests that a long period of low project valuations combined with strategic (or forced) portfolio divestitures is tempting buyers back into the market.
Florian Siegfried said that among large cpas, Goldcorp Inc. (TSX: G, NYSE:GG) may look at aquisitions because of its good balance sheet. Agnico-Agnico-Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) and Yamana Gold Inc. (YRI:TSX; AUY:NYSE; YAU:LSE) just completed the Osisko deal
These trench results endorse Condor's strategy of continuing to explore the considerable upside potential of La India Gold District while fast tracking the main La India Open Pit Resource of 921,000 oz at 3.0g/t gold to production.