The Zaruma Project is located in the central to north-central part of the Portovelo-Zaruma gold mining district in southern Ecuador, in which the total historic gold production from high grade quartz vein systems was estimated to be approximately 4 to 5 million ounces.
The hills of Zaruma and Portovelo have been mined for gold and silver for centuries. The Incas had been extracting gold and silver from the area with hydraulic mining of the oxidized parts of veins when Mercadillo, one of Pizarro´s force, followed the Rio Amarillo River upstream and encountered the Inca mine and founded the town of Zaruma in 1549.
Core Gold Inc. (TSX-V:CGLD)(OTCQX:CGLDF) RE: Core Gold to Present at the 2019 Vancouver Resource Investment Convention -
So here's what a shareholder seen has been done over the past two and a half years:
- Restart the mill, improve the operation, and get it ready for expansion -
- build a new tailings pond, the old one was overflowing -
- make a deal with Green OIl -
- develop Dynasty GF into what appears to be a good source of material
- make a possibly significant discovery, by trenching, at Copper Duke and do a prelim. drilling -
- come out of receivership, and it sounds like this is bigger than maybe was thought as it held up so much
- establish a very good relationship with the gov't, the envy of other companies
- do some community work , and seemingly establishing a good relationship -
- pay off most of the old debt ,which seems to have been substantial
- raise a bunch of money, and for sure it would have been better if done at a better price -
- get drill permits for Copper Duke -
- removed the risk of insolvency
- hired a bunch of pretty impressive people
- not gotten into any JVs, mergers, etc. that were bad for long time shareholders
I am sure others could add more. I guess the big thing that hasn't happened is share price appreciation. And, yes, this is a big disappointment. But in retrospect we were premature in hoping 2018 would be the year. But 2019 ?
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CEO INTERVIEW, DYNASTY GOLDFIELD OPEN PIT MINE, PORTOVELO PLANT OVERVIEW TRITURATION, PORTOVELO TANKS -
The Company is a Canadian based mining company involved in the mining, exploration and development of mineral properties in Ecuador. The Company is currently focused on gold production at its wholly-owned Dynasty Goldfield project and continued development at its Zaruma mine. Mineral is treated at the Company’s wholly-owned Portovelo treatment plant close to the Zaruma mine operations. The Company also owns other significant gold exploration projects including the Copper Duke area in southern Ecuador all of which are on the main Peruvian Andean gold-copper belt extending into Ecuador.
For further information please contact:
Keith Piggott, CEO Suite 1201 – 1166 Alberni Street Vancouver, B.C.V6E 3Z3 Phone: +1 (604) 345-4822 Email: info@coregoldinc.com
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