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SilverUSD 17.39

Zaruma Royalty

Royalties/Streams

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Summary:

The Zaruma Gold Mine, Core Gold’s flagship project, is located in the Zaruma-Portovelo Mining District of southern Ecuador, 3km north of the town of Zaruma. This district is a significant, high-grade goldfield, having produced over 5 million ounces of gold historically. Between 2012 and 2014 the mine produced 72,430 ounces Au and 152,292 ounces of Ag. The Zaruma gold mine has an estimated measured and indicated resource of 1.094 million ounces of gold in 2.62 million tonnes with an average grade of 12.97 gpt gold with an additional 1.448 million inferred ounces in 3.7 million tonnes at a grade of 12.2 gpt gold.

Interest: 1.5% NSR Royalty

Location: Portovelo Mining District, Southern Ecuador

Project Status: Development

Counterparty: Titan Mineral (TTM:ASX) (Previously Core Gold and Dynasty Metals & Mining)

 

Zaruma
Tonnes Au gpt Ounces Au
Measured  1,590,000  13.48  689,000
Indicated  1,030,000  12.18  405,000
 M+I  2,620,000  12.97  1,094,000
 Inferred  3,700,000  12.20  1,448,000