Core Gold DMMIF

RE:Core Gold’s Locations - 2e) Dynasty and Celica - Operations

[Tad]

Standfir,

Thanx for the great recap of information in your previous number of posts.

Should help any potential investors with their due diligence .

I recall some comments at last year's AGM that the open pit operations at Dynasty Goldfields had exposed some porphyry near the bottom of one of the open cuts. 

So, the potential for discovery of porphyry bodies below the approx 150 meters of historical drilling already done on the Dynasty Goldfields could be significant.


Perhaps this was one of the reasons that Zhaojin MIning wanted to do some confirmation drilling as part of their due diligence on Dynasty Goldfields prior to committing US$100 million into Core Gold for a 20% equity stake at $0.45 per share and 60% share of the Dynasty Goldfields Project. Maybe they'd get "lucky" and  tap into a porphyry as part of their twinning of some historical holes ? 



So, in essence, Core Gold could possibly be stripping the "overburden" away from a potential porphyry body below the Esperanza and Venado pits and have been getting cash flow from the mineralized areas for their efforts.

But that's just speculation on my part only.

Based on current gold price and Q2 MD&A production numbers and the Q2 financial statement .... Core Gold could actually be making a small net profit on each ounce of gold produced since mid August / September with the increased price of gold..

Remains to be seen .... but it appears that the company's financial stress is no longer as bad as was being portrayed by the BOD4 and CFO leading up to the Fairness Hearing of June 24 & 25..... Perhaps the full board of directors may now have some leeway, and not as much urgency, into accepting just any deal and all proposals that are supposedly being presented can be weighed against each other. 

Who knows .... could we even get some type of minor bidding war ?  





GLTA .