Business
Coro Mining Marimaca Exploration Update: Additional Atahualpa Drilling Intersects Higher Grade Zones
VANCOUVER, British Columbia, June 06, 2019 (GLOBE NEWSWIRE) -- Coro Mining Corp. (“Coro” or the “Company”) (TSX: COP) is pleased to announce an update for the C
About this update from Marimaca Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, June 06, 2019 (GLOBE NEWSWIRE) -- Coro Mining Corp. (“Coro” or the “Company”) (TSX: COP) is pleased to announce an update for the Company’s Marimaca Project in the Antofagasta Region of Chile. A fourth batch of 18 RC holes for 4,466 metres has been completed at Atahualpa, bringing the total number reported to 75 holes for 20,516 metres. The fourth batch is in addition to the original work program at Atahualpa and will provide a fuller understanding of the faulting and feeder zones which control the higher-grade zones at the northern extension of Atahualpa. Highlights Results from the additional drilling confirmed oxide mineralisation including: Hole ATR-72 From 6 to 50 metres, 44 metres averaging 0.91% CuT. Hole ATR-74 4 to 58 metres, 54 metres averaging 0.85% CuT. Hole ATR-86 From 20 to 102 metres, 82 metres averaging 0.6% CuT. Results from the additional drilling provides new evidence of mixed oxide-secondary sulphide and primary sulphide intercepts including: Hole ATR-68 From 272 to 300 metres, 28 metres of copper sulphide mineralization averaging 0.95% CuT. Hole ATR-71 From 146 to 190 metres, 44 metres of mixed oxide-secondary sulphide copper sulphide mineralization averaging 0.87% CuT. Hole ATR-96 From 26 to 122 metres, 96 metres of oxide and mixed mineralization averaging 0.76% CuT Commenting on the results, Sergio Rivera, VP of Exploration said: “The results from Atahualpa to date continue to exceed my expectations, in terms of both the size of the mineralized area and the grades. These additional drill holes were designed to provide a better understanding of the main geological features in the northern part of the Marimaca deposit and the data will be used in the estimation of the enlarged mineral resource for the project, which remains on track for publication in the third quarter of 2019. The additional results show the emergence of certain high-grade areas which we had not expected as well as attractive mixed oxide, secondary sulphide and primary sulphide mineralization. Additional drill holes have now been completed and we anticipate releasing more results in the coming weeks.” Further InformationThe fourth batch of drill results from Atahualpa further confirm the trend of mineralization running northwards from the Marimaca 1-23 area where a resource has already been established, a...