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Coro Mining Corp.
Summary
| Project: | Marimaca | |
|---|---|---|
| Deposit: | Marimaca | |
| Location: | Chile | |
| Commodities: | Copper | |
| Date: | 4/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 12-4-2018: Coro Mining Corp. announces a Resource Estimation report for its Marimaca deposit at the Marimaca project. Updated mineral resource estimate at Marimaca. April 12, 2018 - Coro Mining Corp. (“Coro” or the “Company”) (TSX Symbol: COP) is pleased | |
| Resources: | (Resource): 21.450Mt @ 0.72%CuT (Meas.), 21.5Mt @ 0.64% CuT (Ind.), 5.68Mt @ 0.58%CuT (Inf.) | |
| CP/QP: | [Resources]: Luis Oviedo Hannig (NCL Ingeniería y Construcción S.A) | |
| ABSTRACT: | April 12, 2018 - Coro Mining Corp. (“Coro” or the “Company”) (TSX Symbol: COP) is pleased to announce a significantly increased resource estimate for its Marimaca claim, located 22 kilometres east of the port of Mejillones in the II Region of Chile, (Fig. 1). The updated resource estimate will be used to inform the feasibility study that Coro is completing as part of its earn in requirement to acquire a 75% interest in the Marimaca claim, and in turn inform the strategic review of the group asset portfolio. Commenting on the announcement, Luis Tondo, President & CEO of Coro said: “I’m delighted to report that the updated measured and indicated resource estimate for the Marimaca claim has more than doubled to over 300,000 tonnes of copper. The work completed so far will enable us to move ahead with the feasibility study, which we anticipate completing in the coming weeks. Even at this early stage, the results at the Marimaca claim have been encouraging and exceeded our expectations. Consequently, we look forward to restarting our drilling program once we have finalised the consolidation of the Marimaca district announced earlier this year, confident that there is more upside potential to be proven still.” | |
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