Business
Coro Reports Results from Infill Drilling at its Marimaca Copper Project, Chile and Obtains US$3M Debt Financing
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2017) - Coro Mining Corp. (TSX: ...
About this update from Marimaca Copper Corp.
[{"type":"text","content":"Coro Reports Results from Infill Drilling at its Marimaca Copper Project, Chile and Obtains US$3M Debt FinancingDrilling highlights include 130m @ 1.41%CuT and 142m @ 0.89%CuTVancouver, British Columbia--(Newsfile Corp. - December 22, 2017) - Coro Mining Corp. (TSX: COP) (\"Coro\" or the \"Company\") is pleased to announce the results of a further 17 reverse circulation (RC) holes from the infill drill program completed at its Marimaca copper project, located 22km E of the port of Mejillones in the II Region of Chile, (Fig. 1). Together with the previously released 16 infill drill hole results from Marimaca (November 9th and December 5th 2017), Coro has now published the results of 33 of the planned 57-hole infill drill program. Additional results will be disclosed in meaningful batches as assays are returned to the Company over the coming weeks. \"These results continue to demonstrate the continuity of the Marimaca deposit and we look forward to completing an updated mineral resource estimate during the first quarter of 2018,\" commented Coro President and CEO, Luis Tondo. \"The exploration RC step out drilling program is well under way on both the La Atomica and Marimaca claims and we expect initial results to be released next month.\" Drilling ResultsResults are shown on Table 1 where %CuT means total copper. Drill hole locations are shown on Fig 2. Drill collar coordinates are shown on Table 2. Table 1: IntersectionsHoleTD FromTom%CuTTypeMAR-67200m 182192102.98Mixed MAR-68250m 21441420.89Oxideand174192180.47Oxide214250360.38Oxide MAR-69200m 101921820.48Oxide MAR-71200m 281701420.74Oxide MAR-74200m 052520.49Oxide HoleTD FromTom%CuTTypeMAR-75200m 4660140.44Oxideand70150801.25Allincluding70112421.01Oxide112150381.52Mixed MAR-76250m 81561480.59Oxideand196250541.49Oxide MAR-78250m 1122421301.41Oxideand24225087.26Mixed MAR-80250m 100172720.30Oxideand188250621.10Oxide MAR-81200m 432280.31Oxideand102176740.47Oxide MAR-82200m 101181080.61Oxideand118134160.32Mixed162200380.42Mixed MAR-83250m 416120.30Oxideand3694580.42Oxide1282421140.79Oxide MAR-84200m 181381200.59Oxideand138152140.55Mixed170190201.25Oxide MAR-85200m 130200700.83Mixed Note; Hole MAR-75 was previously released on December 5th 2017 but contained a typographic error which is now cor...