Holding(s) in Company

RNS Number : 5495W

Condor Resources PLC

01 February 2012

 

Condor Resources Plc 7thFloor                                        39 St. James's Street                                     London                                  SW1A 1JD                                                                           Telephone [phone]                                                          Fax: [phone]

1^st February 2012

Condor Resources Plc

(''Condor'' or "the Company")

                                                            Holdings in Company

Condor Resources Plc, (AIM: CNR) the AIM quoted gold and silver exploration company focused on proving a large commercial gold reserve on its La India Project in Nicaragua, was notified on 31^st January 2012 that Oracle Management Limited has, from 24^th January 2012, increased its interest in the Company to 50,991,971 ordinary shares of 1p each, representing approximately 9.13% of the Company's issued share capital.

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For further information please visit www.condorresourcesplc.com or contact:

Condor Resources plc	Mark Child, Executive Chairman and CEO [phone]	Luc English, Country Manager Nicaragua & El Salvador [phone]
Beaumont Cornish Limited Ocean Equities	Roland Cornish/ James Biddle [phone] Will Slack [phone]
Farm Street Media	Simon Robinson [phone]

About Condor Resources Plc:

Condor Resources plc is an AIM listed exploration company focused on developing gold and silver resource projects in Central America.  The Company was admitted to AIM on 31^st May 2006 with the stated strategy to prove up JORC Resources in Nicaragua and El Salvador.  Condor has six 100% owned concessions in La India Mining District ("La India Project"); three 100% owned concessions in three other project areas and 20% in the Cerro Quiroz concession in Nicaragua.  In El Salvador, Condor has 90% ownership of four licences in two project areas.

Condor's concession holdings in Nicaragua currently contain an attributable JORC compliant resource base of 1,707,000 ounces of gold equivalent at 5.5 g/t in Nicaragua and an attributable 1,004,000 oz gold equivalent at 2.6g/t JORC compliant resource base in El Salvador. The Resource calculations are compiled by independent geologists SRK Consulting (UK) Limited and Ravensgate.

Disclaimer

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

 

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