For thousands of other reports visit RSC's Mineral Intellingence Map
Coro Mining Corp.
Summary
| Project: | Marimaca | |
|---|---|---|
| Deposit: | Marimaca | |
| Location: | Chile | |
| Commodities: | Copper | |
| Date: | 6/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 22-6-2018: Coro Mining Corp. announces a Feasibility Study report for its Marimaca deposit at the Marimaca project. Feasibility Study results incl. post-tax NPV of US $114M (5%), IRR of 58.8%, Initial ore reserve. VANCOUVER, British Columbia, June 22, 201 | |
| Resources: | (Reserve, P+P): 24.6Mt @ 0.80% Cu for 434Mlbs Cu contained | |
| CP/QP: | [Overall Report]: Enrique Quiroga, Carlos Guzman (NCL Ingeniería y Construcción S.A) | |
| ABSTRACT: | VANCOUVER, British Columbia, June 22, 2018 -- Coro Mining Corp. (“Coro” or the “Company”) (TSX:COP) is pleased to announce that the Definitive Feasibility Study (DFS) completed by Coro as a condition of its earn in to acquire up to a 75% interest in the Marimaca 1-23 Claim (“the Project”), located near Antofagasta, Chile has confirmed the technical and economic viability of developing the Project. The Marimaca 1-23 Claim is part of larger group of properties controlled by Coro in the Marimaca area All amounts are US Dollars, based on $3 per pound copper price and on a 100% Project basis. Commenting on the DFS, Coro’s President & CEO Luis Tondo said: “We are pleased that the DFS, even at this early stage of what could ultimately be a larger project, already confirms the strong economic potential of the Marimaca 1-23 Claim. Completion of this study is an important milestone enabling the Company to establish its 51% ownership of Compania Minera Newco Marimaca (“CMNM”), owner of the Marimaca 1-23 Claim. Coro may acquire an additional 24% interest in CMNM by obtaining financing to build the Project or by transferring ownership of its Ivan SXEW processing plant to CMNM. With the completion of the acquisition of 100% of the SM Claims, a 379 hectare package of mining claims immediately adjoining the Marimaca 1-23 Claim to the north and south (announced on 22 January 2018), and the optioning of the adjacent La Atomica property (announced on 2 November 2017), the Company will work towards determining the preferred development plan for the Marimaca area to maximize value creation for its shareholders.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report