The Copper Development Story
Up for discussion is Coro’s substantial increase in resources at its 100% owned Marimaca Cu deposit in Chile and the engineering and development studies now underway.
Thursday, December 5, 2019
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VP of Research, Red Cloud Securities
Luis Albano Tondo
President, CEO & Director, Coro Mining
VP of Exploration, Coro Mining
Coro Mining Corp.
Marimaca is fast becoming recognized as one of the most significant copper discoveries in Chile in recent years. It represents a new type of deposit which challenges accepted exploration wisdom and may open up new frontiers for discoveries elsewhere in the country. Marimaca is hosted by intrusive rocks while the numerous manto deposits in the same region are hosted by volcanics. With a lack of new copper exploration discoveries in Chile, the Marimaca resource is a high-profile development project, due to its location in the coastal belt at low elevation, close to Antofagasta and Mejillones. This prime location could enable its future development at a relatively modest capital investment. Marimaca would benefit from nearby existing infrastructure including roads, power lines, ports, a sulphuric acid plant, a skilled workforce and water.
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