Coro Announces Commencement of Drilling at Berta Property and Filing of ProPipe PFS Copper Leach Project
March 30 2012 - 7:30AM
Marketwired
Coro Mining Corporation (TSX:COP) ("Coro" or the "Company") is
pleased to announce that a second round of drilling is underway on
its Berta Property in Chile. The Company anticipates completing
approximately 5,000m of reverse circulation drilling aimed at
testing a number of targets outlined by mapping and the previously
completed Induced Polarization survey as well as further defining
the mineralization intersected in its 2011 drilling campaign. Berta
is located approximately 20km west of the village of Inca de Oro in
the III Region of Chile.
Coro announced the terms for the 100% acquisition of Berta in
its news release of June 13th, 2011, and released encouraging assay
results from a 24 hole RC drilling program completed at the Berta
Sur section of the property on September 27th, 2011.
In addition, the Company announces that it has filed on SEDAR
the Preliminary Feasibility Study ("PFS") on the San Jorge Copper
Leach Project prepared by Process and Pipeline Projects S.A.
("Propipe"), based in Santiago, Chile, as required under NI 43-101.
The highlights and details of the Propipe PFS were disclosed in the
Company's news release dated March 5, 2012. There were no material
differences in the mineral resources, mineral reserves or results
of the PFS and the previously issued news release. The PFS is
available at www.sedar.com or on the Company's website at
www.coromining.com. The Company anticipates being able to provide
an update on the San Jorge project shortly.
CORO MINING CORP.
Alan Stephens, President and CEO
About Coro Mining Corp.:
The Company was founded with the goal of building a mining
company focused on medium-sized base and precious metals deposits
in Latin America. The Company intends to achieve this through the
exploration for, and acquisition of, projects that can be developed
and placed into production. Coro's properties include the advanced
San Jorge copper-gold project, in Argentina, and the Berta, El
Desesperado, Chacay, Llancahue, and Celeste copper exploration
properties located in Chile.
About ProPipe S.A.:
ProPipe is a Chilean supplier of consultancy, engineering and
project management services to its customers in the mining process,
infrastructure and environment markets. ProPipe have relevant
experience in conceptual and basic design, preliminary feasibility
and feasibilities studies, and detailed engineering for mining
companies in Chile; some of the main clients are BHP Billiton's
Minera Escondida, Antofagasta Minerals's Minera Los Pelambres,
Minera El Tesoro, Minera Esperanza, Minera Las Cenizas and Algorta
Norte. The latest Propipe's projects are Camarones 12,000 ton per
year Copper Cathodes plants, Algorta Norte 78 km Sea Water Pipeline
and Minera Escondida Coloso Filter Plant Expansion Project. ProPipe
main office is located in Santiago of Chile, and have more than 100
professionals dedicated to the design and management of engineering
projects, allowing covering efficiently the stages of evaluation,
design and implementation of projects.
For further information please visit the Company's website at
www.coromining.com.
This news release includes certain "forward-looking statements"
under applicable Canadian securities legislation. Such
forward-looking statements or information, including but not
limited to those with respect to the Company's business strategy,
the prices of copper, construction schedules, operating and capital
budgets, anticipated mineral recoveries, estimated future
production, estimated costs of future production, permitting time
lines, involve known and unknown risks, uncertainties, and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements or information. Such factors
include, among others, global economic conditions, changes in
prices or demand for commodities including, in particular, copper,
changes in exchange rates, changes in national or local
governments, changes in legislation or regulation or the
implementation or interpretation of laws or regulations, changes in
tax rates, timeliness of government approvals, political or
environmental activism, the factual results of current exploration,
development and mining activities, accuracy of resource and reserve
estimates, changes in project parameters as plans continue to be
evaluated, access to skilled personnel, labour relations, costs of
labour, costs and availability of materials and equipment, changes
in refining or transportation costs, as well as those other factors
disclosed in the Company's documents filed from time to time with
the securities regulators in the Provinces of British Columbia,
Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova
Scotia, Prince Edward Island and Newfoundland and Labrador. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements, except as required by
applicable laws. Actual results may differ materially from those
expressed or implied by such forward-looking statements.
Contacts: Coro Mining Corp. Michael Philpot Executive
Vice-President 604-682-5546investor.info@coromining.com
www.coromining.com
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