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)
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