Coro Amends Option Terms on El Desesperado Project, Chile
February 18 2014 - 10:33AM
Marketwired
Coro Amends Option Terms on El Desesperado Project, Chile
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 18, 2014) - Coro
Mining Corp. ("Coro" or the "Company") (TSX:COP) has agreed a three
month extension to the option agreement with the property owners of
the El Desesperado project, at a cost of US$20,000 per month. Coro
has recently completed a 5 hole, 1191m diamond drilling program and
a 7 hole, 950m reverse circulation drilling program and assay
results for the program will be released in due course. As a result
of greater geological complexity than anticipated, combined with
the diamond drilling difficulties that necessitated completion of
the program with an RC rig, the Company had not generated
sufficient information to justify making the US$650,000 option
payment due on February 17, 2014.
Alan Stephens, FIMMM, President and CEO, of Coro Mining Corp, a
geologist with more than 38 years of experience, and a Qualified
Person for the purposes of NI 43-101, is responsible for the
contents of this news release.
About El Desesperado:
The El Desesperado copper project, is located 7 km NW of the
city of Calama in the II Region of Chile, and immediately west of
Codelco's Toki Cluster deposits.
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 Berta, El
Desesperado, and Payen copper properties located in Chile and the
advanced San Jorge copper-gold project, in Argentina.
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 potential mineralization and
geological comparisons 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.
Coro Mining Corp.Michael PhilpotExecutive Vice-President(604)
682 5546investor.info@coromining.comwww.coromining.com
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