| Risk and valuation analysis of the Zaruma Project |
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| Title(s) of the Zaruma Project |
 | Dynasty Metals and Mining Inc
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Forty-three of the 44 concessions are 100% owned. Title to the remaining concession is subject to future option payments |
 | IAMGOLD Corporation
Net Smelter Return: 1.5% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Dynasty Metals & Mining Inc. has exercised its option to purchase one-half of a 3% Net Smelter Returns Royalty ("NSR Royalty") from IAMGOLD Ecuador S.A. ("IAMGOLD") for US$1 million.
The NSR Royalty agreement relates to certain concessions at the Co more... |
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| Location of the Zaruma Project |
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The Zaruma Gold Field comprises 44 concessions, located in the El Oro Province of south western Ecuador, in the vicinity of the towns of Zaruma and Portovelo
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| History of the Zaruma Project |
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The Zaruma-Portovelo Mining District is a major, high-grade goldfield, having produced over 5,000,000 ozs of gold in the past. Modern mining was initiated in 1905, when the South American Development Company developed the Portovelo mine, and ended in the 1950s. Dynasty has been able to reassemble most of the concessions that made up the original goldfield.
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