Client News Archives - Page 3 of 3

Condor Announces Feasibility Study For La India Open Pit.

September 12, 2022by Montpellier Montpellier No Comments

Condor Gold (AIM: CNR; TSX: COG) is pleased to announce the results and details of a Feasibility Study, sometimes referred to as a Bankable Feasibility Study (“2022 FS”) on the La India open pit. The 2022 FS supports a Probable Mineral Reserve of 7.3Mt at 2.56g/t gold for 602,000 oz gold and a mine with an Internal Rate of Return (“IRR”) of 23% and a post tax and post upfront capital cost net present value (“NPV”) of US$86.9 million using a discount rate of 5% and price of US$1,600/oz gold. The 2022 FS brings the level of confidence for the Project to the industry standard of engineering design, sufficient to support +/- 15% capital and operating cost estimates.

Momentous Capital and Astra Exploration Enter into Amalgamation Agreement and Astra Exploration Secures $1.44 Million in Financing

July 8, 2021by Montpellier Montpellier No Comments

VANCOUVER, BC – July 8, 2021 – Momentous Capital Corp. (TSX-V:MCC.P) (“Momentous” or the “Company”) and Astra Exploration Limited (“Astra”) are pleased to announce that, further to their previous announcement of the signing of a binding letter of intent for a proposed transaction by way of press release on June 7, 2021, they have entered into an amalgamation agreement (the “Amalgamation Agreement”) pursuant to which, among other things, Momentous will acquire all of the issued and outstanding securities of Astra (the “Transaction”).