A unit of Condor Gold PLC agreed to sell the Potrerillos exploration and exploitation concession in Nicaragua to Mako Mining Corp.'s Nicoz Resources SA for US$600,000.

The 12-square-kilometer concession is adjacent to and along strike from Mako's San Albino gold project. The concession is valid until December 2031, with a renewal option for 25 years.

Condor Gold said Dec. 17 that it will use net proceeds for working capital purposes at the La India gold project in Nicaragua.