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Coro Mining Corp.
Summary
| Project: | Marimaca | |
|---|---|---|
| Deposit: | Marimaca | |
| Location: | Chile | |
| Commodities: | Copper | |
| Date: | 10/4/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-10-2016: Coro Mining Corp. announces an Exploration/Drilling Update report for its Marimaca deposit at the Marimaca project. Drilling results incl. 330m @ 0.8% CuT from 0m. October 4 2016, Coro Mining Corp. (“Coro” or the “Company”) (TSX Symbol: COP) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Sergio Rivera (Internal) | |
| ABSTRACT: | October 4 2016, Coro Mining Corp. (“Coro” or the “Company”) (TSX Symbol: COP) is pleased to announce the results of a further 7 reverse circulation (RC) holes from the 39 hole, 8530m hole program completed at its Marimaca copper project, located 22km E of the port of Mejillones in the II Region of Chile, (Fig. 1). We also announce the results of the remaining 4 diamond drill (DDH) holes of the 6 hole, 2021m program, aimed at providing metallurgical samples and geotechnical information; to corroborate the RC drilling; and to test deeper mineralization. Previous drill results (MAR-01 to MAR-21, MAR-24 to 26 and MAD-01 to 02B) were released on April 28, May 6 and September 6 2016, and results for the remaining 24 RC holes will be released over the coming weeks. Coro has agreed a 1 month extension to October 24 2016 for its due diligence period for the Minera Rayrock (MR) acquisition announced on August 4 2016; MR is the owner of the Ivan SXEW plant located some 18km S of Marimaca, as well as a large claim position shown on Fig. 1. Coro also announces that Minera Peñoles de Chile Ltda. has terminated its option over the Company’s Llancahue prospect in central Chile. Alan Stephens, President and CEO of Coro commented, “We are delighted with this latest batch of results from Marimaca, which continue to exceed our initial expectations for the deposit, both in thickness and grade. So far, drilling has only defined the SW limit of the mineralization, corresponding to the structural footwall of the deposit at surface. We will shortly be completing a drone based magnetic survey which we anticipate will further aid our understanding of the deposit and an initial resource estimate is scheduled for completion before year end.” | |
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