Coro Announces Approval of Environmental Impact Declaration for Marimaca Phase 1 Project
June 28 2018 - 6:04PM
Coro Mining Corp. (“Coro” or the “Company”)
(TSX:COP) is pleased to announce that the Environmental Assessment
Commission of Antofagasta, Chile has approved the Environmental
Impact Declaration (DIA) for the Marimaca Phase 1 Project.
Luis Tondo, President and CEO said: “I am
pleased that within only 6 months of submitting the Environmental
Impact Statement to the authorities it has already been
approved. This demonstrates the professionalism and
efficiency of the environmental authorities of Antofagasta when
presented with a coherent and attractive development plan.
Over the next few days we anticipate the granting of the
Environmental Qualification Resolution (RCA) which will allow allow
us to consider the many value opportunities for developing
Marimaca.”
Encouragingly, the Environmental Assessment
Commission voted unanimously for the approval of the Marimaca Phase
1 Project DIA. With this approval, the Company expects that
the Environmental Assessment Resolution (RCA) will be issued
shortly. Once in place, the Company will commence processing
the corresponding sectorial permits. Completion of this
milestone will allow the Company to continue advancing in the
development decision for the Marimaca Project.
The Company reiterates its commitment to current
environmental regulations, our shareholders, authorities and the
communities surrounding our project to contribute positively to the
economic and social progress of the II Region of Chile.
On behalf of the Board of Directors,LUIS TONDO, PRESIDENT &
CEO
For further information please contact of visit
www.coromining.com or contact: Nicholas Bias, VP Corporate
Development & Investor Relations +1 (604) 682 5546 x 202 or +44
(0)7771 450 679 | nbias@coromining.com
This press release does not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities, in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such
jurisdiction. This news release includes certain
“forward-looking statements” under applicable Canadian securities
legislation. Forward-looking statements in this press release
relate to, among other things the granting of an Environmental
Quailification Resolution (RCA) for the Marimaca Project and the
development of the Marimaca Project . Actual future results may
differ materially. There can be no assurance that such statements
will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements.
Forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon
a number of assumptions and estimates that, while considered
reasonable by Coro, are inherently subject to significant business,
economic, competitive, political and social uncertainties and
contingencies. Many factors, both known and unknown, could cause
actual results, performance or achievements to be materially
different from the results, performance or achievements that are or
may be expressed or implied by such forward-looking statements and
the parties have made assumptions and estimates based on or related
to many of these factors. Such factors include, without limitation:
changes in national and local government, legislation, taxation,
controls, regulations and political or economic developments, the
occurrence of unexpected financial obligations, fluctuations in the
price of commodities; fluctuations in the currency markets;; risks
and hazards associated with the business of mineral exploration,
development and mining (including environmental hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins
and flooding); the presence of laws and regulations that may impose
restrictions on mining and employee relations 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.
Accordingly, readers should not place undue reliance on
forward-looking statements. Coro undertakes no obligation to update
publicly or otherwise revise any forward-looking statements
contained herein whether as a result of new information or future
events or otherwise, except as may be required by law.
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