The Company has maintained the Jerusalem Project in good standing, however it has not undertaken any material exploration and development activities at the project since the introduction by the Ecuadorean Government of the Mining Mandate in early 2008.
The Company has filed a report titled "Technichal Report - Jerusalem Project, Zamora Chinchipe, Ecuador" (the "Jerusalem Report"), dated October 24, 2014, on the Jerusalem Project.
The Jerusalem Report was prepared by Allen J. Maynard Bapp Sc (Geol), MAIG, MAusIMM, who is "independent" and a "qualified person" as defined in NI 43-101. Unless stated otherwise, information on this website of a scientific or technical nature regarding the Jerusalem Project is summarized, derived or extracted from the Jerusalem Report.
For a complete description of assumptions, qualifications and procedures associated with the information in the Jerusalem Report, reference should be made to the full text of the Jerusalem Report, which is available for review on SEDAR at www.sedar.com and technical reports.
Key Highlights:
Measured and Indicated Gold resource of 422,300 oz at an average grade of 13.8 g/t
Inferred Gold resource of 856,000 oz at an average grade of 15 g/t
Measured and Indicated Silver resource of 2,421,000 oz at an average grade of 79 g/t
Inferred Silver resource of 5,569,000 oz at an average grade of 98 g/t
The Jerusalem Gold Project comprises one, 100% owned, concession, located in the Zamora Chinchipe Province of south eastern Ecuador, about 40 km east of Zamora.
The concession covers 2.2 km2 at altitudes ranging from 1400m to 1900m. Dense rain forest and steep terrain characterize the area.
The preparation of all technical information contained on this website relating to the Company's properties has been supervised by Brian Speechly, a Fellow of AUSIMM (Australian Institute of Mining and Metallurgy), a Company Director and a "Qualified Person" within the definition of that term in the National Instrument 43-101.
Readers are cautioned that any statements made as to potential quantities and grades on this website are not indicative of an economic mining operation at present.
Samples are sealed on the property and shipped to the BSI Inspectorate laboratory in Lima, Peru for preparation and gold fire assay. Sample pulps are shipped by BSI Inspectorate to its laboratory in Reno, Nevada for silver and multi-element ICP analysis.
Core Gold Inc own Dynasty Metals & Mining -
Focused on High-Grade Gold in Ecuador - Core Gold -
Gold's 10-Month High Is Only The Start - Analysts Neils Christensen Neils Christensen Tuesday February 19, 2019 11:08 Kitco NewsShare this article:
(Kitco News) - The gold market’s fresh 10-month high could be the start of a renewed uptrend in the precious metal as the market has broken important resistance levels, according to some economists.
With new momentum in the precious metals market, some analysts have said that it could be only a matter of time before prices break above last year’s highs around $1,365 an ounce. Many analysts have noted that gold will continue to benefit as the U.S. dollar struggles to find momentum in an environment of growing economic uncertainty and low interest rates.
April gold futures last traded at $1,339.40 an ounce, up 1.30% on the day. So far this year gold prices are up more than 4%. Meanwhile, the U.S. Dollar Index is relatively unchanged on the day and year, last trading at 96.73 points.
“Gold is breaking out above its previous swing high in what has been an extremely favorable technical and fundamental landscape,” said Bill Baruch, president of Blue Line Futures, in a note to clients. “We believe there to be significant upside given that we find the Dollar near the high end of its range.”
Joshua Mahony, market analyst at IG, said in a note that the latest breakout in gold could ultimately push prices to as high as $1,375 an ounce with initial resistance coming in at $1,357. He added that gold price would have to fall back below $1,323 to neutralize the current rally.
Christopher Vecchio, senior currency strategist at DailyFX.com, said that he sees initial resistance for gold at $1,348 an ounce, which represented the consolidation range during the first two weeks of the month.
“Gold prices continue to charge higher in an environment marked by heightened political uncertainty in the Eurozone, the U.K., and the U.S.,” he said.
David Madden also sees the potential for gold prices to rally nearly another 1%. However, he has said that he expects any rally to be a grind higher as he does not expect to see significant weakness in the U.S. dollar.
“The commodity has been in an upward trend since mid-November, and should it continue it might retest the $1,350 area,” he said in a note to client.
Commodity analysts have been turning more bullish on gold since last month after the Federal Reserve signaled that it would pause its interest rate hike cycle for the foreseeable future. Analysts have noted that a “patient” U.S. central bank, will keep real interest rates low and provide less of a tailwind for the U.S. dollar. Growing economic risks and the rising fear of a global recession will also keep pressure on equity markets, economists have also said. By Neils Christensen
Gold Extends Early Gains, Sharply Up, As USDX Drops Tuesday February 19, 2019 10:19 Kitco NewsShare this article: Live 24 hours gold chart [Kitco Inc.]
(Kitco News) - Gold prices are solidly higher, are at 10-month highs and are at their daily highs in late-morning action Tuesday. The yellow metal extended its good early gains as the U.S. dollar index has dropped from its session high and is now trading below unchanged on the day. April gold was last up $16.30 an ounce at $1,338.40.
Gold pushed solidly over the $1335 mark in early New York trading after a strong showing overseas. It is now trading at $1337 – up $10.00 on the day. Silver is level on the day thus far. The trade talks between the U.S. and China scheduled to begin this week are providing impetus to gold as hopes rise that the two might settle their differences and pump new life into the commodities market. Also helping gold is a growing recognition in financial markets that neither political party is all that interested in addressing head-on the rapidly escalating national debt.
With gold now pushing past the $1335 mark, precious metals’ analyst John Rubino says that “from a technical standpoint, piercing $1,350 resistance should trigger a big, fast move to the next resistance level somewhere in the high $1,400s.” Crossing that $1350 barrier was problematic for gold in 2014, 2016 and 2018. Economic circumstances, though, have changed in 2019 – the Fed’s stated dovish intentions being the chief difference. We might soon find out whether or not that change is enough to propel gold over its $1350 nemesis.
Beijing has joined the global gold rush, increasing its gold reserves for two months - China hoards gold to end USD dominance 121,055 views RT America Published on Feb 12, 2019
Beijing has joined the global gold rush, increasing its gold reserves for two months in a row to more than 59.94 million ounces. Meanwhile, US State Secretary Mike Pompeo urged companies to limit their business with Huawei. RT America’s Sara Montes de Oca reports.
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