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Gold/Mining/Energy
Core Gold Inc
An SI Board Since March 2006
Posts SubjectMarks Bans Symbol
2101 63 0 CGLD.V
Emcee:  pstad60 Type:  Moderated
Symbol : CGLD .V
.

Core Gold Inc. is a Canadian based mining company involved in the exploration,
development and production of gold and silver at 3 established projects in Ecuador.

.

Exploration is planned for some of the other projects the company holds in
Dynasty Copper-Gold Belt in southern Ecuador, including the Linderos Project and
the Copper Duke Project.

.

6 million ounces of gold and 27 million ounces of silver in 43-101 compliant resources

.
**SCROLL TO THE BOTTOM OF THIS PAGE FOR THE INVESTOR FORUM**

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Company web site :

coregoldinc.com

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Short videos of mining operations at Dynasty Goldfields and processing plant at Portovelo:

coregoldinc.com



Company Twitter account:

twitter.com

.

Corporate Presentation (September 2019)

coregoldinc.com



Dynasty Goldfields Project :

Commenced mining operations at Dynasty Goldfields Project in early January 2017.
Mining and transportation of ore was contracted out from 2016 until March 2019.
Ore transported approximately 180 km by road to Portovelo processing facility.
Production from a number of small open pits, Portovelo mill currently processing 750 - 800 tpd .
.



Resources:

Measured: 2,909,000 tonnes grade, 4.7 gpt au, 38.1 gpt ag : 437,000 oz au, 3,567,000 oz ag
Indicated: 3,958,000 tonnes grade, 4.6 gpt au, 38.3 gpt ag : 585,000 oz au, 4,936,000 oz ag
Inferred: 7,825,000 tonnes grade, 4.4 gpt au, 38.5 gpt ag : 1,118,000 oz au, 9,901,000 oz ag



Dynasty Goldfields Technical Report :
coregoldinc.com

(See pages 47 - 51 for table of grades and resources by vein)

.
General location of Core Gold Projects in the Dynasty Gold-Copper Belt in Southern Ecuador




.


Linderos Project :
.

coregoldinc.com

Initial trench sample results for Linderos include :

21.00m at 18.51 g/t Au
19.95m at 14.31 g/t Au
18.20m at 14.74 g/t Au

17.00m at 13.70 g/t Au
18.00m at 10.10 g/t Au
2.00m at 326.8 g/t Au





First Linderos drill results

coregoldinc.com


.


Copper Duke Project:

coregoldinc.com









Zaruma Project :




Mill capable of processing 1,000 tpd in current configuration with potential to increase
to 2,000 tpd with $3 million capital investment.

Mill currently being fed with approx 750 tpd material from Dynasty Goldfields project.



No production at Cabo de Hornos mine at present.

7.5 km of underground development down to 700 meters in depth.

Measured Resource : 1,590,000 tonnes, grade 13.48 gpt au : 689,000 oz au
Indicated Resource : 1,030,000 tonnes, grade 12.18 gpt au : 405,000 oz au
Inferred Resource : 3,700,000 tonnes, grade 12.12 gpt au: 1,448,000 oz au

Preliminary Economic Analysis for Zaruma Project:
dynastymining.com

Zaruma Project Resource chart : Veins

.

Jerusalem Project :

Located approximately 25km to the south of Lundin Gold's Fruta del Norte Project.

No current activity on the Jerusalem Project .

Measured resource : 379,000 tonnes grade 14.2 gpt au, 76.0 gpt ag : 173,000 oz au, 926,000 oz ag
Indicated resource : 576,000 tonnes grade 13.5 gpt au, 81.0 gpt ag : 249,000 oz au, 1,495,000 oz ag
Inferred resource : 1,775,000 tonnes grade 15.0 gpt au, 98.0 gpt ag : 856,000 oz au, 5,569,000 oz ag

Jerusalem Project Technical report :
dynastymining.com

.

Share Structure as of November 30, 2019


Shares Issued and Outstanding:166,876,328



Warrants Outstanding:

17,553,371 exercisable @ $0.45 varying expiry dates (See below)
.

**1,581,500 full warrants exercisable @ $0.45 expiry date Dec.18, 2019 (3,163,000 half warrants from 1st tranche of Dec. 1, 2017 financing)
**2,066,666 full warrants exercisable @ $0.45 expiry date Dec 29, 2019 (4,133,333 half warrants from 2cd tranche of Dec 1, 2017 financing)
**2,705,835 full warrants exercisable @ $0.45 expiry date Apr 2, 2020 (5,411,670 half warrants from 1st tranche of Feb 26 2018 financing)
**2,254,970 full warrants exercisable @ $0.45 expiry date May 4, 2020 ( 4,509,941 half warrants from 2cd tranche of Feb 26, 2018 financing)
**548,180 full warrants exercisable @ $0.45 expiry date May 29, 2020 (1,096,359 half warrants from 3rd tranche of Feb 26, 2018 financing)
3,761,220 full warrants exercisable @ $0.45 expiry date Feb 1, 2020 (7,522,440 half warrants from conversion of Vertex $1.5 million promissory note into shares)
**4,635,000 full warrants exercisable @ $0.45 expiry date Sept 28, 2020 (9,270,000 half warrants from Sept 28, 2018 financing)

**subject to acceleration in the event that the closing price of the Common Shares is $0.60 or higher over a period of ten (10) consecutive trading days.

.

Options : 8,025,000

4,080,000 @ $0.23 expiry date Dec 7 2021
2,205,000 @ $0.30 expiry date Feb 27 2023 (25% vest immediately, 25% each 6 month period thereafter)
250,000 @ $0.31 expiry date May 15, 2023 (25% vest immediately, 25% each 6 month period thereafter)
1,490,000 @ $0.30 expiry date Oct 1, 2023 (25% vest immediately, 25% each 6 month period thereafter)


.


Promissory Notes : (Held by Vertex Managed Value Portfolio and Vertex Enhanced Income Fund)

*** 1. Promissory note in the aggregate principal amount of $1.5-million (U.S.) bearing interest at 12 per cent per annum
and maturing on Sept. 15, 2018;

***
2. Freely assignable convertible promissory note in the aggregate principal amount of $1-million (U.S.) bearing interest
at 12 per cent per annum and maturing on Sept. 15, 2018, convertible into common shares of the company at 30 cents per share;
(subject to a fixed foreign exchange rate of CAD$1.2895/US$1.00) or 4,298,333 shares

*** (Vertex promissory note maturity date extended to March 31, 2021).
*** (Vertex convertible promissory note maturity date extended to March 31, 2020 and conversion
price reduced from C$0.30 per share to C$0.18 per share ... approximately 7,163,888 shares )
*** Promissory notes now owned by Titan Minerals pending TSXV approval.
investi.com.au


Other loans


Unsecured loan - $903,000 at annualized interest rate of 26% payable Jan. 2020





Proposed Debt Facility With Investa Bank (now Accendo Bank) S.A.

web.tmxmoney.com

Was expected to be completed by March 31, 2018, now pending with Elipe SA release from receivership, see news release dated September 4, 2018 . Unknown status.





Fully Diluted Shares: 199,628,358 (includes Vertex convertible promissory note )




INSIDER HOLDINGS ( Information compiled from Sedi.ca, the 2018 Annual Information Circular, and regulatory filing 62-103F1 on Sept 12, 2016 )

Keith Piggott (CEO) ………...11,201,465
Gregg Sedun (Director)…..........194,730
Javier Reyes .............................212,694
Credipresto (Javier Reyes)... 16,432,110
Mark Bailey (Director) ...............389,312
Leonard Clough (Director) ..........35,300
Total holdings …………..... 28,465,611 common shares



Shares Issued and Outstanding :166,876,328
% of insider holdings ----- 17.06%


Large shareholders that voted in favour of the Titan Plan of Arrangement

Robert Washer (Former CEO and Former Chairman of the Board, <10%
Shareholder list from Affidavit filed with BC Supreme Court .......12,000,000
Shares for Debt.- News Release June 16, 2019 ...........................2,560,134
Robert Washer Total …........ .......................................................14,560,134


Vertex One Asset Management Inc
9,579,940 common shares.............(Sept 30, 2019 Titan MInerals Takeover Offer Circular)

Titan Minerals
9,151,363 common shares .............(Private placement closed March 25, 2019)

Anthony Balic
1,883,333 common shares .............(Shareholder List filed in BC Supreme Court Affidavit)

Sino Resources
1,666,666 common shares .............(Shareholder List filed in BC Supreme Court Affidavit)

Pallisades Global Investors .
1,166,666 common shares .............(Shareholder List filed in BC Supreme Court Affidavit)

Itau AGF Chile
1,663,196 common shares .............(Sept 30, 2019 Titan MInerals Takeover Offer Circular)

Luis Zapata
748,334 common shares.................(Shareholder List filed in BC Supreme Court Affidavit)

.

Directors' Family and Business Associates

Alison Sedun (Alcaron Capital)
6,562,000 common shares ..............(SEDAR filing on March 15, 2019)

Rosa Maria de la Campa
6,062,000 common shares ..............(SEDAR filing March 15 2019)

Luis Reyes de la Campa
5,850,000 common shares ..............(SEDAR filing March 15 2019)

Oscar Reyes de la Campa
4,798,645 common shares ..............(SEDAR filing March 15 2019)

Investabank
4,150,000 common shares ..............(Shareholder list filed in BC Supreme Court Affidavit)

Miguel Angel Gomez Valdes
3,250,000 common shares ..............(Shareholder list filed in BC Supreme Court Affidavit)

Abraham Sharfen
544,898 common shares .................(SEDAR filing March 15 2019)

Oscar Alonso Reyes
554,898 common shares ................ (Shareholder List filed in BC Supreme Court Affidavit)







.
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Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
2101Hi Philv, This isn't new information, just a copy of a broker sending inforpstad60-yesterday
2100Titan makes another offer ? BMO InvestorLine has been informed that the Titan philv-yesterday
2099Titan Minerals postpones General Meeting Something's up .... either Titan&pstad601Tuesday
2098Core Gold posted a small net profit of US$160,000 in Q3 Q3 Financials and MD&ampstad601Sunday
2097Thanx natchoices, Nice local article. Good find ! Looks like Core Gold's pstad601November 28
2096Core Gold Reforestation in Portovelo Area 100 trees planted, 1,000 to go in, innatchoices2November 28
2095Important post, pstad60. Very interesting that the Halt is extended until Dec 5natchoices-November 27
2094Titan MInerals extends halt, yet again, ASX ANNOUNCEMENT 27 November 2019 Mspstad60-November 26
2093natchoices, Agreed, any shenanigans by ANY of the directors of Core Gold's pstad60-November 26
2092RE:Titan Minerals may have some problems with their Vista Mill So it appears thnatchoices1November 26
2091Titan Minerals may have some problems with their Vista Mill premits This is intpstad60-November 26
2090As expected ...a further extension to Titan's trading halt announced just nopstad60-November 24
2089Titan Minerals trading halt now extended to November 25: investi.com.au . ASXpstad60-November 20
2088Hmmmmmm .... Could be an interesting development this week ..... perhaps we gepstad60-November 18
2087Core Gold's Portovelo Plant - Map and Walk-through The ore from the Celica natchoices1November 17
2086Waiting the weeks - What a mining transaction can look like For Core Gold, the natchoices1November 15
2085Recent article about mining in Ecuador in the October 24, 2019 Moneyweek magazinpstad60-November 6
2084Just a reminder, ..... an excerpt from Core Gold's October 15, 2019 news rpstad60-November 5
2083Friday October 25 2019 Corporate update : This latest news release by Core Goldpstad60-October 29
2082 Regrets for repetition, plus some comparison data - Recent posts undernatchoices1October 26
2081 Core Gold AGM 4) - Question Period B - Operations Share Accumulation, 5%natchoices3October 23
2080 Core Gold AGM 4) - Question Period A - Operations At Core Gold’s AGM, qunatchoices2October 23
2079Musings on upcoming Q3 Financials, and a potential offer The following calculatpstad601October 19
2078Core Gold AGM 3) - CEO Address D - Strategic Process ii) Core Gold’s strategic natchoices-October 16
2077 Core Gold AGM 3) - CEO Presentation C - Strategic Process i) The most imponatchoices-October 16
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