Merger with Titan Minerals
Core Gold unlocks asset value in a merger with Titan Minerals. With $20 million of new equity, Core Gold can spend on focused gold exploration, development and production in Ecuador. Also, high grade gold exploration in Ecuador.
The Company is a Canadian based mining company involved in the mining, exploration and development of mineral properties in Ecuador. Also, the Company is currently focused on gold production at its wholly-owned Dynasty Goldfield project. Basically, mineral is treated at the Company’s wholly-owned Portovelo treatment plant. Thus, The Company also owns other significant gold exploration projects including Linderos and Copper Duke in southern Ecuador. And all of which are on the main Peruvian Andean gold-copper belt extending into Ecuador.
The Dynasty Goldfield is a producing open pit gold mine with a total 43-101 resource of 2,140,000 oz Au. Core Gold management put the Dynasty Goldfield project into production within four months of assuming control of the Company in Q4 2016. Basically, the Dynasty Goldfield is currently producing 750 tpd of 3.2 g/t Au material which is all being processed at the Company’s Portovelo plant. Also, The Dynasty Goldfield is the first permitted open pit gold mine in Ecuador and Core Gold operates it at the highest levels of environmental and social stewardship standards.
The Dynasty Goldfield Project is located in Loja Province in southwestern Ecuador. Thus covering approximately 970 km2, consists of 52 concessions at altitudes ranging from 600 metres above sea level to 1,800 metres above sea level and covers an area of approximately 21,900 hectares within the Dynasty District Copper-Gold Belt. The concessions are 100% owned by the Company.
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