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Coro Files NI 43-101 Report for Marimaca Resource and Provides a Corporate Update
Mar. 01, 2017 08:19AM PST
Base Metals Investing Coro Mining (“Coro” or the “Company”) (TSX:COP) has recently filed on SEDAR the NI 43-101 report in support of the maiden resource estimate completed at its Marimaca copper project, located 22km E of the port of Mejillones in the II Region of Chile (see Coro press release dated January 17, 2017). The formal identification of …
Coro Mining (“Coro” or the “Company”) (TSX:COP) has recently filed on SEDAR the NI 43-101 report in support of the maiden resource estimate completed at its Marimaca copper project, located 22km E of the port of Mejillones in the II Region of Chile (see Coro press release dated January 17, 2017). The formal identification of a pit-constrained Measured & Indicated resource of 145,000 tonnes (320,772,600 lbs) of contained copper and an Inferred resource of 93,300 tonnes (218,919,000 lbs) of contained copper, validates the decision for the Company to finalize its acquisition of Minera Rayrock Ltda. (Rayrock), owner of the Ivan 10,000 tonne-per-year (22,046,230 lbs) copper capacity solvent extraction/electro-winning (SXEW) processing plant.
As quoted in the press release:
Alan Stephens, President and CEO of Coro commented, “It is important for us to communicate the forward movement Coro is making with the Nora/Berta project and the Marimaca property, both of which have significant development activities planned for the coming year.”
