Coro announces that it has entered into an option agreement to acquire a collection of 2 percent net smelter royalties at Marimaca project.
Coro Mining (TSX: COP) is pleased to announce that it has entered into an option agreement to acquire a collection of 2 percent net smelter royalties at the company’s Marimaca project, thereby further consolidating its ownership over the project in advance of ongoing exploration results and the anticipated enlarged and integrated Marimaca resource estimate which is on track for completion in the third quarter of 2019.
As quoted in the press release:
Commenting on the announcement, Luis Tondo, President and CEO of Coro said: “I am pleased to announce that we have now an option to buy back all of the 2% NSR over some of the most prospective ground at our Marimaca project. The ongoing excellent drilling results at Marimaca, notably those released this week at Atahualpa, are demonstrating the enlarged potential at Marimaca, and therefore it is wholly appropriate that we secure as much value for shareholders in the District now, ahead of ongoing exploration results.”