News 2018

Coro Mining Reports Remaining Results from Infill Drilling at Marimaca Copper Project, Chile

Jan 17, 2018 Download PDF

- Drilling highlights include 122m @ 0.79%CuT and 62m @ 0.90%CuT

January 17, 2018 - Coro Mining Corp. (“Coro” or the “Company”) (TSX Symbol: COP) is pleased to announce the results of the final 26 reverse circulation (RC) holes from the infill drill program completed at its Marimaca copper project, located 22km E of the port of Mejillones in the II Region of Chile, (Figs. 1 & 2). Together with the previously released results from Marimaca (November 9, December 5, and December 22, 2017), Coro has now published the results of all holes in the program.

“These results complete the drilling for an updated Marimaca resource estimate and Definitive Feasibility Study that is underway,” commented Coro President and CEO, Luis Tondo. “Results from the exploration RC holes completed at La Atomica and NE Marimaca, together with assays from six diamond drill holes completed for geotechnical purposes will be released shortly.”

Drilling Results
Results are shown on Table 1 where %CuT means total copper. Drill hole locations are shown on Fig 3. Drill collar coordinates are shown on Table 2.

Table 1: Intersections

HoleTDFromTom%CuTType
MAR-77200m106138320.46Oxide
and174200260.69Enriched
MAR-79200m70116460.47Oxide
and116136200.67Mixed
170184140.82Mixed
MAR-88150m64100361.11Oxide
MAR-89150m2492680.37Oxide
MAR-90200m64130660.42Oxide
and130150200.37Mixed
MAR-93200m3464301.00Oxide
and94106120.95Oxide
MAR-94200m61061000.34Oxide
MAR-95150m6490260.35Oxide
MAR-96150m48110620.90Oxide
MAR-97150mNo Significant Results
MAR-98100m630240.44Oxide
MAR-99150m5468140.55Oxide
MAR-100150m630240.53Oxide
MAR-101150m418140.42Oxide
and2260380.48Oxide
MAR-102150m046460.60Oxide
and58136780.49Oxide
MAR-103150m4882340.55Oxide
MAR-104150mNo Significant Results
MAR-105150mNo Significant Results
MAR-106200m481701220.79Oxide
MAR-107300m4260180.75Oxide
and84122380.64Oxide
122134121.60Mixed
208246380.35Mixed
256292360.39Mixed
MAR-108250m90150600.31Mixed
and170184141.50Oxide
MAR-109250m90136460.92Mixed
MAR-110300m15216081.28Oxide
MAR-111150mNo Significant Results
MAR-118350m098980.40Oxide
and1422581160.45Oxide
MAR-119300m064640.66Oxide
and114158440.48Oxide
175194180.47Mixed
23624481.06Oxide
270298280.35Mixed

Sampling and Assay Protocol
True widths cannot be determined with the information available at this time. Coro RC holes were sampled on a 2 metre continuous basis, with dry samples riffle split on site and one quarter sent to the Andes Analytical Assay preparation laboratory in Calama and the pulps then sent to the same company’s laboratory in Santiago for assaying. A second quarter was stored on site for reference. Samples were prepared using the following standard protocol: drying; crushing to better than 85% passing -10#; homogenizing; splitting; pulverizing a 500-700g subsample to 95% passing -150#; and a 125g split of this sent for assaying. All samples were assayed for CuT (total copper), CuS (acid soluble copper), CuCN (cyanide soluble copper) by AAS and for acid consumption. A full QA/QC program, involving insertion of appropriate blanks, standards and duplicates was employed with acceptable results. Pulps and sample rejects are stored by Coro for future reference.

Sergio Rivera, Vice President of Exploration, Coro Mining Corp, a geologist with more than 33 years of experience and a member of the Colegio de Geologos de Chile and of the Instituto de Ingenieros de Minas de Chile, was responsible for the design and execution of the exploration program and is the Qualified Person for the purposes of NI 43-101. Alan Stephens, FIMMM, Executive Director of Coro Mining Corp, a geologist with more than 42 years of experience, and a Qualified Person for the purposes of NI 43-101, is responsible for the contents of this news release.

Fig 1: Location of Marimaca

Fig 2: Marimaca Claim Map

Fig 2: Marimaca Drill Plan

Table 2: Drill Collars

HoleEastingNorthingElevationAzimuthInclinationDepth
MAR-77374845.647435655.161133.565310-60200
MAR-79374883.757435621.511126.270310-60200
MAR-88374799.907435428.311065.892220-60150
MAR-89374844.167435393.701063.870220-60150
MAR-90374840.507435396.721064.061310-60200
MAR-93375190.917435114.321054.606220-60150
MAR-94375185.117435114.911054.326310-60200
MAR-95374808.947435362.271061.826220-60150
MAR-96374805.977435367.541061.618310-60150
MAR-97374830.127435333.371065.364310-60150
MAR-98374851.417435351.801059.431220-60100
MAR-99374923.777435265.591037.956310-60150
MAR-100374926.807435263.871038.017220-60150
MAR-101375054.547435172.631046.476220-60150
MAR-102375047.607435175.921046.811310-60150
MAR-103375179.287435044.701046.672310-60150
MAR-104374879.987435225.981052.945310-60150
MAR-105374961.517435159.081024.055310-60150
MAR-106375059.607435346.511053.307220-60200
MAR-107375056.747435344.641053.493310-60300
MAR-108375097.077435382.271064.472220-60250
MAR-109375091.497435388.911064.478310-60250
MAR-110375143.027435431.121080.283310-60300
MAR-111375145.707435426.431080.272220-60150
MAR-118374816.257435538.251106.088310-60350
MAR-119374824.207435532.681106.510220-60300

About Coro Mining Corp.:
Coro’s strategy is to grow a mining business through the discovery, development and operation projects at any stage of development, which are well located with respect to infrastructure and water, have low permitting risk, and have the potential to achieve a short and cost effective timeline to production. The Company’s preference is for open pit heap leach copper projects, where minimizing capital investment and creating profitability are priorities and, where the likely capital cost is financeable relative to the Company’s market capitalization. The Company’s assets include the Marimaca development project; its 65% interest in the SCM Berta company, which owns the Berta mine and Nora plant and the Llancahue prospect.

For further information:
Contact Naomi Nemeth, VP Communications/IR at +1 (647) 556 1023, +1 (604) 682 5546, Toll free +1 877 702 2676 or nnemeth@coromining.com
Visit our website site at www.coromining.com
Email us at investor.info@coromining.com
Follow us on Twitter @coromining1

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements or information, include but are not limited to timing of future results and further programs. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Coro’s ability to predict or control and may cause Coro’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, the completion of assays and drill rig availability. Such forward-looking statements are also based on a number of assumptions which may prove to be incorrect, 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.

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.