RE:RE:RE:RE:Musings on upcoming Q3 Financials, and a potential offer Core Gold had reported 6 million ounces of gold for a number of years prior to Keith Piggott, Gregg Sedun and Javier Reyes investing in the company in September 2016.
Breakdown of the 6 million ounces of resources :
Refer to the two NI 43-101 technical reports on Core Gold's web[age :
The Zaruma Project has the following resources: 2,542,000 ounces of gold
Measured Resource : 1,590,000 tonnes, grade 13.48 gpt au : 689,000 oz au Indicated Resource : 1,030,000 tonnes, grade 12.18 gpt au : 405,000 oz au Inferred Resource : 3,700,000 tonnes, grade 12.12 gpt au: 1,448,000 oz au
CFO Sam Wong has written off the Zaruma resource assets, no cash value. It doesn't mean the ounces are not there .... unless of course, Dynasty Metals and MIning under Rob Washer, with Mark Bailey and Leonard Clough as directors were lyting to DMM shareholders for all those years.
The Dynasty Goldfields Project has : 2.1 million ounces of gold
Indicated Resource : 6,622,000 tonnes, grade 4.65 gpt au : 991,000 oz au Inferred Resource : 7,824,000 tonnes, grade 4.42 gpt au: 1,113,000 oz au
The resources were re-calculated in the lastest technical report, the previous 43-101 technical report had stated the following resources on DGF:
Measured: 2,909,000 tonnes grade, 4.7 gpt au, 38.1 gpt ag : 437,000 oz au, 3,567,000 oz ag Indicated: 3,958,000 tonnes grade, 4.6 gpt au, 38.3 gpt ag : 585,000 oz au, 4,936,000 oz ag Inferred: 7,825,000 tonnes grade, 4.4 gpt au, 38.5 gpt ag : 1,118,000 oz au, 9,901,000 oz ag
The 43-101 Technical Report for Jerusalem was removed from the company's website over two years ago.
Questions were asked at the Annual General Meeting regarding the status of the Jerusalem Project.
Mark Bailey stated that negotiations are ongoing to have the Jerusalem Project restored to the company. The Jerusalem Project was taken away from Dynasty Metals and Mining during tehe time that Rob Washer was still in control of the company (Mark Bailey and Leonard Clough were directors at that time, as Keith Piggott, Gregg Sedun and Javier Reyes had not invested in to the company). Apparently proper procedures were not followed by the former Ecuadorian administration when the properties were taken from Dyansty Metals and Mining.
Mark Bailey stated that there was a good chance of the company having Jerusalem retored to the company
The above are the facts. Do not pay any attention to the lies, false and misleading statements being made by the poster ID's Tapps88, PIpes 33, Kenny2Dogs, LoveGOD, TwosCompany.
They all arrived on this forum in the time frame immediately following the Titan Minerals announcement on September 16 2019 of Titan's intent to put in another offer to buy Core Gold.
Titan Minerals is well aware of the influence that this forum had in the defeat of their plan of arrangement and are attempting to create as much confusion as possible at the present time.
Theses ID's have not been able to provide one piece of documentation, not one verifiable fact to back up their libelous and defamatory comments towards Keith Piggott .
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