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Coro Mining announced an increase in resources at the Marimaca project, establishing it as the one of the largest copper deposits in Chile.
Coro Mining (TSX:COP) announced an increase in measured & indicated and inferred mineral resources at its Marimaca project, establishing Marimaca as one of the largest copper oxide discoveries in northern Chile for over a decade.
As quoted in the release:
Luis Tondo, CEO of Coro, said: “Marimaca lies in the heart of Chile’s main copper producing region, surrounded by the skills and infrastructure needed to build and operate a mine. Crucially, it does not need to incur the significant infrastructure costs associated with a remote development project. We have now commenced engineering studies to demonstrate the value proposition of combining a sizeable, low strip deposit in an ideal location with immediate access to infrastructure. This will include evaluating a low capital staged development option using our nearby Ivan SXEW processing plant, ramping up over time to a larger scale copper operation.”