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Core Gold DMMIF

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.


OTCQX:DMMIF - Post by User

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Post by standfiron Sep 07, 2019 2:15pm
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Post# 30105438

Core Gold’s Locations - 2c) Dynasty - 3D and Google Earth

Core Gold’s Locations - 2c) Dynasty - 3D and Google Earth

A view of the Dynasty concessions area is shown in the oblique view below, employing Google Earth’s ability to overlay satellite imagery over a digital terrain model. The town of Celica lies just beyond the image border at upper-left. The mountain range in the background upper right has been described as the “Casanga” mountains and valley. The area is dry and covered with healthy native bush.





Further close-up views of the Celica mine area are provided below - the Cerro Verde region, and within that the Esperanza pit marked with a yellow circle. On the left, the surface mine area becomes visible, with the major highway circling around to the bottom, the current route to Core Gold’s Portovelo mill. The Iguana exploration project (yellow-orange circle) is at upper right, across the small quebrada (creek). On the right, the access road and pit areas are visible.

 



Of interest, available satellite images for the area have been recently updated, as seen in the 3-part montage below. In each case, the orange line on the left is the LHS outline of the drilling-map-area shown previously.



At top, on June 23 2016 via Landsat satellite and the French CNES system, Dynasty was undeveloped - Core Gold was relying entirely on its Zaruma underground mine.



The next image down (quite brown in tone), on November 20 2016 via Maxar Technologies (with its Canadian satellite-technology subsidiary MDA) shows an access road having been put in, but only early confirmatory exploration in preparation for the Celica mine.



The bottom image, from July 21 2019, CNES, shows the extensive development of the Cerro Verde area of the Celica mine, including newer exploration and development only recently established, lower down the hillside.



It is worthwhile considering that a few pits started at Celica have produced more than 50,000 ounces of gold, and yet the exploited area is but a tiny speck within the tens of kilometers of strike length within the concessions held by Core Gold. The surface ore, clean (low sulphur) oxides, extend 50-150 meters down from the surface. The relief of the terrain is fairly ideal for surface mining. Below that, a porphyry is known to exist, as it outcrops liberally on the site, although its extent and grade is as yet not fully determined.



Roughly 0.8 square kilometers of deposits have been developed, whereas Core Gold's rich concessions comprise about 1600 square kilometers, an area 2,000 times larger. The upside potential of what Core has is manifestly enormous.

 



 

 


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