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Coro Mining Corp.
Summary
| Project: | Marimaca | |
|---|---|---|
| Deposit: | Marimaca | |
| Location: | Chile | |
| Commodities: | Copper | |
| Date: | 9/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-9-2016: Coro Mining Corp. announces an Exploration/Drilling Update report for its Marimaca deposit at the Marimaca project. Drilling results incl. 202m @ 0.92% CuT from 0m. September 6 2016, Coro Mining Corp. (“Coro” or the “Company”) (TSX Symbol: COP) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Sergio Rivera (Internal) | |
| ABSTRACT: | September 6 2016, Coro Mining Corp. (“Coro” or the “Company”) (TSX Symbol: COP) is pleased to announce the results of the first 8 reverse circulation (RC) holes from a 39 hole, 8530m hole program nearing completion at its Marimaca copper project, located 22km E of the port of Mejillones in the II Region of Chile, (Figure 1). Results for the initial 2680m program of 16 RC discovery holes were released on April 28 2016 and May 6 2016. We also announce the results of the first 2 diamond drill (DDH) holes of a 6 hole, 2021m program, aimed at providing metallurgical samples and geotechnical information; to corroborate the RC drilling; and to test underlying sulphide mineralization. The DDH program is complete, the RC program is expected to finish within the next few days, and further results will be released over the coming weeks. Coro continues to conduct due diligence on 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 Figure 1. All 8 RC holes, MAR-17 to MAR-21 and MAR-24 to MAR-26 and both DDH holes, MAD-01 & MAD-02 intersected significant copper mineralization as shown on Tables 1a and 1b where %CuT is total copper. MAR-17 to MAR-28 are holes aimed at defining the mineralization discovered previously on ~50m centres while MAR-29 to MAR-47 and MAR-51 to MAR-54 are step out holes on ~100m centres. Both sets were drilled with azimuths of 220o and 310o . MAR-48 to MAR-50 are exploration holes testing other anomalies. | |
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