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Core Gold Inc.
Summary
| Project: | Dynasty | |
|---|---|---|
| Deposit: | Cerro Verde | |
| Location: | Ecuador | |
| Commodities: | Gold | |
| Date: | 1/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-1-2020: Core Gold Inc. announces an Exploration/Drilling Update report for its Cerro Verde deposit at the Dynasty project. Drilling results incl. 25.68m @ 1.01g/t Au, 9g/t Ag from 95.00m. Vancouver, B.C., January 7, 2020 – Core Gold Inc. ("Core Gold" or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John E. Bolanos (Internal) | |
| ABSTRACT: | Vancouver, B.C., January 7, 2020 – Core Gold Inc. ("Core Gold" or the "Company") (TSX-V: CGLD, OTCQX: CGLDF) is pleased to provide an update on its 100%-owned Dynasty Goldfield Project (“Dynasty Goldfield” or the “Project”) located in the province of Loja in Southern Ecuador. As previously announced by the Company on September 9, 2019, Core Gold renewed exploration efforts on the Dynasty Goldfield Project, specifically drilling in the Cerro Verde Target area (“Cerro Verde”) with future plans to expand over the adjacent Dynasty Goldfield targets. In the 2019 drilling campaign, 3,850 metres (m) of shallow near-surface diamond core holes (37) were completed, primarily directed for mine planning in Cerro Verde target with depths ranging from 26.4m to 200.65m. Three drill holes (CDH-100, CDH-101, CDH-102 – see Table 1 and Figures 1 to 4) within Cerro Verde were designed to extend previously identified mineralization in the Cerro Verde. Samples from these three holes were assayed by a certified, independent lab (Bureau Veritas - Inspectorate) to provide certified assaying. All 3 holes successfully intercepted mineralized structures at Cerro Verde Prospect showing open mineralization to the northeast-southwest direction and at depth. | |
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