Business
Coro Mining Announces the Submission of the Environmental Impact Declaration for its Marimaca Project Phase 1, Chile
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2018) - Coro Mining Corp. (TSX:CO...
About this update from Marimaca Copper Corp.
[{"type":"text","content":"Coro Mining Announces the Submission of the Environmental Impact Declaration for its Marimaca Project Phase 1, ChileVancouver, British Columbia--(Newsfile Corp. - January 19, 2018) - Coro Mining Corp. (TSX:COP) (\"Coro or the Company\") is pleased to announce that it has submitted the Environmental Impact Declaration (DIA) for its Marimaca Project Phase 1 and has passed the 5-day admissibility period into the Environmental Impact Evaluation System (SEIA). Both of these milestones are required for the Marimaca project to be considered to be in good standing by the government such that it may continue to be assessed by the authorities responsible for evaluating the Environmental information and ultimately grant the Environmental Qualification Resolution (RCA) for this project. The DIA for Phase 1 of the Marimaca project is based on the Definitive Feasibility Study (\"DFS\") currently underway, which is on track for completion and release in Q1 of this year. Completion of this DFS will satisfy the requirements of the formal arrangement for Coro to achieve 75% ownership of the Marimaca project.\"The Marimaca DIA submission signifies a solid milestone and a forward movement required for fast-tracking Marimaca into production as per our strategic plan,\" commented Coro CEO Luis Tondo. About Coro Mining Corp.:Coro's strategy is to grow a mining business through the discovery, development and operation projects at any stage of development, which are well located with respect to infrastructure and water, have low permitting risk, and have the potential to achieve a short and cost effective timeline to production. The Company's preference is for open pit heap leach copper projects, where minimizing capital investment and creating profitability are priorities and, where the likely capital cost is financeable relative to the Company's market capitalization. The Company's assets include the Marimaca development project; its 65% interest in the SCM Berta company, which owns the Berta mine and Nora plant and the El Jote and Llancahue prospects.For further information:Contact Naomi Nemeth, VP Communications/IR at +1 (647) 556 1023, +1 (604) 682 5546, Toll free +1 877 702 2676 or [email protected] Visit our website site at www.coromining.com Email us at [email protected] Follow us on Twitter @coromining1 This news release include...