Core Gold AGM 4) - Question Period A.2 - OperationsHeap Leaching
Success was registered with heap leaching pilot projects to date.
Carrying out the next scale of bulk sample processing is on hold awaiting sufficient funds to engage a long-experienced independent reviewer. Mark explained that would be necessary for government approval of a full-scale operation.
Portovelo is already permitted and laid out for heap leaching of a large bulk sample. In the region, heap leaching may be considered safer than tailings dams.
Jerusalem
The Jerusalem concessions were somewhat lost for a period time in the shuffle between recent governments, and with Core’s prior difficulties switching from underground to surface mining. Sam Wong informed, “We’re still in the legal process of getting that back” and Mark Bailey added, “We’re close.”
The Jerusalem concessions are located only 30 km south of Lundin’s massive mine opening just now at Fruta del Norte, and contain the best ground among encircling properties in that area.
Below - impeller in process tank.
Mining Opportunities
With the board burying the hatchet, it’s possible think more broadly about how its talent could be used. Keith Piggott achieved higher rates of production than Core is running now, even if nearly the same gold ounces are being produced. Higher-grade ore in the range of 6-13 grams/ton is available at surface at Copper Duke, Linderos and Papayal.
If the willingness to work together that is in evidence now, could be brought to Core’s mining as well, Core could again mine 750 tons/day or more vs. 500 tons now, with the added benefits of producing to higher grades and a higher gold price.
Press Releases
Shareholders are encouraging Core Gold to communicate well and more often. It was helpful to shareholders to read that 17 firms had signed Confidentiality Agreements, and 9 had been or will be on site visits. As news on the strategic process is likely to wait until the first phase it closed, the more news to shareholders and the market, the better.
Below - rear of ball mill.
