Keith Piggott CEO of Core Gold Inc. On Growth Production of Over 50,000 Oz Per Year
Keith Piggott, CEO of Core Gold Inc. speaks about the company’s expectations for growth in the next couple of years.
We are located in southern Ecuador on the main Andean trend. We have a large goldfield which is in production at the moment producing around 2,000 ounces a month. We’re currently mining in excess of three grams of the surface. By the end of the year, we will be producing at the rate of fifty thousand ounces per year. And at the end of 2019, we expect to produce at the rate of one hundred thousand ounces per year. We have tremendous exploration areas which we’re developing into mines.
Linderos has a zone which we’ve recently uncovered last year which is a thousand meters long by hundred meters wide. It has one zone in it. Ten meters wide averaging almost ten grams right on the surface. It’s a major discovery. I believe that Lenin Moreno, the new president of Ecuador, is pro-mining and he’s promoting mining in Ecuador. I’m a mining engineer, I work through Africa, Australia, I lived in Mexico for over 20 years. Ecuador today is the prime place to be in the mining industry if you want to be an exploration of mining. Ecuador is right between Colombia and Peru. In my opinion, it’s one of the most prolific gold belts in the world.
About Core Gold Inc.
The Company 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 project and continued development at its 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 Copper Duke area in southern Ecuador all of which are on the main Peruvian Andean gold-copper belt extending into Ecuador.
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