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Core Gold Inc.
Summary
| Project: | Dynasty | |
|---|---|---|
| Deposit: | Dynasty | |
| Location: | Ecuador | |
| Commodities: | Gold | |
| Date: | 5/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-5-2019: Core Gold Inc. announces a Resource Estimation report for its Dynasty deposit at the Dynasty project. Updated mineral resource estimate at the project. Core, through its indirect wholly owned subsidiary, Elipe S.A. (“Elipe”), holds a portfolio o | |
| Resources: | (Resource): 6.622Mt @ 4.65g/t Au, 36g/t Ag (Ind), 7.824Mt @ 4.42g/t Au, 36g/t Ag (Inf.) | |
| CP/QP: | [Resources]: Al Maynard (Al Maynard & Associates Pty Ltd.) | |
| ABSTRACT: | Core, through its indirect wholly owned subsidiary, Elipe S.A. (“Elipe”), holds a portfolio of exploration properties in Ecuador. Amongst these, Elipe has acquired the rights to five key contiguous mining concessions in the Celica area which form the Dynasty Goldfield Project located in the Province of Loja. These concessions have been the focus of a series of exploration programs from 1995 through 2008. The Dynasty Goldfield Project is located at the southern end of the Occidental Andean Cordillera, 25km from the Peruvian border to the south with central coordinates of latitude 04º 07’ south and longitude 79º 52’ west. The town of Celica is about half an hour’s drive from the Project. The Dynasty Goldfield Project consists of 5 mining concessions (Pilo 9, Zar, Zar 1, Zar 3A and Cecilia 1) at altitudes ranging from 1,100 – 1,800 m above sea level and covers an area of 13,909 hectares. 120+ major veins have been identified over a northeast trending zone exceeding 8 km of strike extent. Exploration drilling to date has predominantly tested to less than 100m vertical extent. The concessions, Pilo 9, Zar and Zar 1 are subject to a 3% royalty payable to the Ecuador Government as part of the Small Scale Mine Licensing currently issued in favour of the Dynasty Goldfield Project. The other two concessions, Zar 3A and Cecilia 1 have not yet completed the environmental permitting process. | |
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