Coro Announces Substantial Increase in Resources

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.”

Click here to view the full press release.