Core Gold is a Canadian based mining company involved in the mining, exploration and development of mineral properties in Ecuador. The Company is currently focused on gold production at its wholly-owned Dynasty Goldfield mining unit and continued development at its underground Zaruma mine. Mineral is treated at the Company’s wholly-owned Portovelo treatment plant close to the Zaruma mine operations.
The Company also owns other significant gold exploration projects including the Linderos and Copper Duke projects in southern Ecuador all of which are on the main Peruvian Andean gold-copper belt extending into Ecuador.
Core Gold is currently the largest producer of gold in Ecuador.
Our Flagship Asset: The Dynasty Goldfield
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.
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, 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.
Core Gold's legacy Zaruma Gold Mine, located 175km south of Guayaquil, began gold production in 2011 and reached commercial production in October 2013, having produced more than 70,000 ounces of gold and +150,000 ounces of silver under Dynasty ownership. A 43-101 compliant Preliminary Economic Assessment indicates a mine life of roughly 15 years with resources delineated in the most recent mineral resource estimates.
Exploration - The Dynasty District Potential
Core Gold holds a 50,000-hectare land package host to a 30 Km by 90 Km long copper gold belt extending from the Peruvian border on its southern edge 90 Km’s NE towards Zaruma. This area, known as The Dynasty District is an extension of the prolific Peruvian copper gold trend and includes five known production and exploration targets, with well known gold-copper porphyry and epithermal vein potential. The producing Dynasty Goldfield is located in the center of the Dynasty District.
Current exploration plans within the Dynasty District include a drilling program at the highly prospective Copper Duke (Cu-Au porphyry potential) and Linderos (brecciated shear zone which has showings of very high grade surface Au mineralization) targets.