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Core Gold Inc.
Summary
| Project: | Linderos | |
|---|---|---|
| Deposit: | Linderos | |
| Location: | Ecuador | |
| Commodities: | Gold | |
| Date: | 11/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-11-2018: Core Gold Inc. announces an Exploration/Drilling Update report for its Linderos deposit at the Linderos project. Drilling results incl. 59.90m @ 1.44g/t Au from 2.0m. Vancouver, B.C., November 26th, 2018 – Core Gold Inc. ("Core Gold" or the "C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Bolanos (not stated) | |
| ABSTRACT: | Vancouver, B.C., November 26th, 2018 – Core Gold Inc. ("Core Gold" or the "Company") (TSX-V: CGLD, OTCQX: CGLDF) is pleased to announce that it has completed a 1,927 meter drilling campaign at its wholly owned Linderos property in Ecuador. These initial results provide evidence that the two main gold bearing mineralized structures (target 1 and 2) discovered through Core Gold’s preliminary surface trenching program in 2017 extend at depth. The gold mineralization thus far identified is associated with sulphide veins cutting intensely quartzsericite-pyrite altered felsic igneous rocks. Mineralization is contained within a NW trending fault (shear zone) related brecciated structures adding together up to 25 m wide and are oxidized to a depth of approximately 30 meters. Late, gold bearing sulphide veins are hosted in discrete shoots within the NW trending fault zone. The controls on the localization of the high-grade gold mineralization have yet to be determined. Moving forward, detailed mapping and structural analysis will lead to a better understanding of the controls of the gold mineralization and the development of a predictive model. Drilling to date has tested a relatively small section of the 1km by 150 m zone of outcropping gold mineralization adjacent to, and along strike from the discovery outcrop (21m @18.51 g/t gold). The eastern half of the 1km strike extent, highlighted by trench samples of 32 m @ 3.02 g/t Au and 4.40 m @ 11.11 g/t Au (see press release, Feb. 22, 2018), has yet to be drill tested and will be targeted in future drill programs. | |
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