I did some digging around this weekend ( say 2 full days of work on researching whether Core Gold's Assets are world class or not and if TTM can deliver big pay day for us in the very near future )and found this info online. Apparently Core Gold either has or used to have a project called Jerusalem Gold Project in Ecuador. I am not a Gold analyst but by looking at the information I found online, it's a world class Gold project with 1Mil + ounces established resources. Haven't found any news on this Jerusalem Project in either TTM's pressos or anywhere else lately. Does anyone know whether TTM still has this Jerusalem project or not!! because if they do, this will add another $1 mil + ounces instantly to their resources even without any further drilling. Look at this map I found too.This map mentions other 3 gold assets already know, as well as this Jerusalem Gold project. Pls share this info and if you know anything about this Jerusalem Gold project and whether we still own it or not?? If we do own it in TTM I wonder why it's not mentioned anywhere? But if we were to own this Project am I wrong in saying our SP value will instantly goes to 30c if we can establish 2.5 Mil to 3 Mil Ounce Jorc as well as this 1.1 Mil min resource fro Jerusalem Gold project. If TTM can show it has this project it will place TTM, in an enviable position for a Take Over target instantly without having to drill any further or without even proving anything from Copper Duke Zaruma and others.I would love to hear what the experts here who have well sourced knowledge on TTM think of my assessment here. GLTAH!!!
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DYNASTY ANNOUNCES UPDATED DYNASTY GOLDFIELD PROJECT AND JERUSALEM GOLD PROJECT RESOURCE ESTIMATESVancouver, B.C., November 5, 2014 - Dynasty Metals & Mining Inc. ("Dynasty" or the "Company") (TSX: DMM, OTCQX: DMMIF) is pleased to announce that it has filed technical reports entitled "Technical Report - Dynasty Goldfield Project - Celica, Loja Province, Ecuador" dated October 22, 2014 (the "Dynasty Technical Report") and "Technical Report - Jerusalem Gold Project - Zamora Chinchipe, Ecuador" dated October 24, 2014 (the "Jerusalem Technical Report"), each of which contain updated mineral resource estimates in respect of such projects.The Dynasty Technical Report and the Jerusalem Technical Report (together, the "Technical Reports") were both prepared by Consulting Geologist Mr. AJ Maynard, BAppSc (Geol), MAIG, MAusIMM, who is an independent "qualified person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The Technical Reports have been prepared to address issues identified by the British Columbia Securities Commission as part of their previously announced review of the Company's disclosure. The Technical Reports are available on the Company's website (www.dynastymining.com) and on SEDAR (www.sedar.com).The selected information presented herein is qualified in its entirety by, and should be read in conjunction with, the Technical Reports.Dynasty Goldfield ProjectThe updated mineral resource estimate for the Dynasty Goldfield Project is as follows:Category Tonnes(Thousands) Au(g/t) Ag(g/t) Contained Au(1,000 ozs) Contained Ag(1,000 ozs)Measured2,9094.738.14373,567Indicated3,9584.638.85854,936Total Measured + Indicated6,8674.638.51,0228,504Inferred7,8254.439.41,1189,901Note: A cut-off grade of 2.0 g/t was used to derive the mineral resource estimate.Since Dynasty acquired the Dynasty Goldfield Project in 2003 until 2007, when the Ecuadorian Government introduced an exploration moratorium, it carried out geological mapping, sampling, geophysical surveys and Diamond drilling. These works resulted in the identification of high grade gold and silver vein systems in the Cerro Verde, Papayal and Trapichillo areas.Although Dynasty has not conducted any significant exploration work on the Dynasty Goldfield Project since such time, changes in international reporting standards of mineral resources have required more rigour in QA/QC and data verification along with more sophisticated estimation methods. As a result, and due to the inclusion of additional veins in the current mineral resource estimate that were not included in prior block modelling, as well as applying a lower cut off grade of 2.0 g/t, the Company has revised its resource estimate including a reclassification of certain previously reported resources.Jerusalem Gold ProjectThe updated mineral resource estimate for the Jerusalem Gold Project is as follows:Category Tonnes(Thousands) Au(g/t) Ag(g/t) Contained Au(1,000 ozs) Contained Ag(1,000 ozs)Measured37914.276173926Indicated57613.5812491,495Total Measured + Indicated95613.8794222,421Inferred1,77515.0988565,569Note: A cut-off grade of 2.0 g/t was used to derive the mineral resource estimate.The Company undertook extensive exploration on the Jerusalem Project since it acquired the concession rights through to 2007. This work mainly involved surface mapping, trenching and underground mine sampling with the aim of extending known vein systems and locating new veins and mineralized systems. Dynasty's exploration efforts resulted in extending the strike length of several known veins and locating new veins in previously under-explored areas.Although Dynasty has not conducted any significant exploration work on the Jerusalem Project since such time, changes in international reporting standards of mineral resources have required more rigour in QA/QC and data verification along with more sophisticated estimation methods. As a result, and due to the application of a lower cut-off grade of 2.0 g/t, the Company has revised its resource estimate including a reclassification of certain previously reported resources.It has also been assumed that the previous resource estimate has also been impacted by artisanal mining. As previously disclosed in the Company's public filings, during fiscal 2012 a group of informal miners set up camps and are continuing to conduct artisanal mining operations at the Jerusalem Project without the Company's permission. To the Company's knowledge, such informal mining to date has been near surface and as such it is considered a reasonable conservative assumption by the author of the Jerusalem Technical Report to exclude the first 30 metres from the surface from the resource calculation. The Company has lodged petitions with the appropriate government authorities to remove the informal miners and dismantle their operations, however, as at the date hereof no action has been taken by such authorities..
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