Coro Completes Infill Drilling at Berta and Initiates Drilling at El Inca
August 22 2012 - 11:46AM
Marketwired
Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) is pleased to
announce that it has completed a 36 hole 4,030m reverse circulation
("RC") infill drilling program at its Berta oxide copper project
located approximately 20km west of the village of Inca de Oro, in
the III Region of Chile. Assay results will be announced in due
course.
Coro also has initiated an estimated 10 hole, 3,500m, wide
spaced, RC drill program to test its recently acquired El Inca
project. As described in the Company's news release dated August
14th 2012, the El Inca property includes a 2km x 2km, gravel
covered area which may host a major porphyry copper-gold deposit
similar to the PanAust/Codelco Inca de Oro project, located
approximately 2km to the southwest. The location of Berta and El
Inca is shown on Figure 1.
Alan Stephens, President and CEO of Coro commented, "Once the
results of the Berta drill program are to hand, we will complete a
resource estimate, which together with the results from the initial
metallurgical testwork that is in progress, will enable us to
produce a Preliminary Economic Assessment for the project. We are
excited to be drilling El Inca so quickly after acquiring it, and
look forward to receiving assay results from this scouting
program."
Sergio Rivera, Vice President of Exploration, Coro Mining Corp,
a geologist with more than 30 years of experience and a member of
the Colegio de Geologos de Chile and of the Instituto de Ingenieros
de Minas de Chile, is responsible for the design and execution of
the Berta and El Inca exploration programs and is the Qualified
Person for the purposes of NI 43-101. Alan Stephens, FIMMM,
President and CEO, of Coro Mining Corp, a geologist with more than
36 years of experience, and a Qualified Person for the purposes of
NI 43-101, is responsible for the contents of this news
release.
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, Chacay,
El Desesperado, El Inca, Llancahue, and Celeste copper exploration
properties located in Chile.
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 resource estimation, metallurgical
testwork, preliminary economic assessments and drilling programs
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, the actual prices of copper, the factual results of
current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as
those 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.
To view Figure 1 please click on the following link:
http://media3.marketwire.com/docs/COP0822.pdf
Contacts: Coro Mining Corp. Michael Philpot Executive
Vice-President (604) 682 5546investor.info@coromining.com
www.coromining.com
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