Coro Mining encouraged by first assays from recent Marimaca drilling; hits 1.61% copper over 60m
Thursday, 9 November 2017 Coro Mining Corp (CVE:COP) says it's been encouraged by the first infill drill results from the Marimaca copper project in Chile. The assays come from 11 holes from a recently completed 57 hole program at the property in Northern Chile, close to the coast and major infrastructure. Previous drill results from Marimaca were released in 2016 and a maiden resource estimate in January this year, whcih showed 145,500 tonnes of copper of higher confidence measured and indicated resource and 99,300 tonnes of copper in the inferred category. "We are very satisfied with the results of this first batch of infill holes, which confirm our expectations from the 2016 drilling," said Coro president and chief executive Luis Tondo. "Although the program continues to define the leachable copper resource, it was exciting to intersect 60 metres at 1.61% total copper in primary sulphide mineralization at the bottom of hole MAR-60. "The remaining holes will be released in meaningful batches over the coming weeks and the rig will now commence the exploration drill program described in our news release of November 2 2017. "This infill drilling program will inform the definitive feasibility study (DFS) being conducted on the Marimaca project, both as a requirement for Coro to earn its 75% of this property and as a means of facilitating the fast tracking of Marimaca to copper production."
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