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Bullboard - Stock Discussion Forum 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 Discussion

Core Gold > Core Gold’s Locations - 2e) Dynasty and Celica - Operations
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Post by standfir on Sep 07, 2019 3:37pm

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

Google Earth provides the option of a highly oblique view.  In a further closeup of the Esperanza and Venado pit areas, staged access of the ore can be seen, with the access road coming in from the top.

 





 

Beyond the curve of the hill at top center n the previous image, along the access road, a loadout area separates mine traffic from road haulage.  It also provides close control of the ore.  In the photo below, trucks are loaded with ore separately tagged and logged as to its source and grade.



All trucks are weighed, sealed and tagged on the way out, and then at the other end, a matching process is carried out at the Portovelo plant.  Ore from various pits is blended at the plant, so as to provide a steady grade to the mill, maximizing recovery percentage.  In the future, an on-site plant at Dynasty would eliminate the haulage.

 





 

In the images below, the continual sampling and marking out of the higher grades vs. waste rock is shown. Paint  and lime are used to mark out the extents and center-lines of veins at each bench level.



The five meter benching is shown on the right.  Over time, larger excavators have been used to improve efficiency and cost.

 






On the left below, an early phase of the Said pit is shown, NE of the Esperanza and Venado pits.  On the right, the lay of the land is seen from the ground.

 



 

Comment by Tad on Sep 08, 2019 1:05pm
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 ...more  
Comment by flashcash on Sep 08, 2019 2:08pm
If the company broke up what would it look like, anyone, perhaps an outright sale of the Zum mine with mill with us keeping the rest for exploration with a large budget and build a new mill closer to the open pit mine. This is a great opportunity if we knew what BOD were up too, tricky to work out but our current SP is very much depressed by the uncertainty. GLA
Comment by standfir on Sep 09, 2019 1:08pm
Tad and everyone - much thanks.  Tad you make a very good point - that Zhaojin was likely interested in confirmation drilling mostliy to confirm the porphyry there, as that was their true development interest. We hear from all sides that the board of directors is clearly interested in being seen to be working in a united fashion to obtain good bids, which is a very positive development after ...more  
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