Marimaca Copper Corp. is pleased to announce that Greenstone Resources II L.P. has exercised its conversion option pursuant to the US$12.0 million convertible loan facility associated with certain of Marimaca Copper’s subsidiaries, Sociedad Contractual Minera Berta and Rising Star Copper Limited . These subsidiaries hold an interest in the Nora project, which consists of a processing plant and certain mining concessions [...]
Marimaca Copper Corp. is pleased to provide a summary of the metallurgical test work which has been completed for its flagship Marimaca Copper Project , as well as an outline of the current detailed metallurgical work, which is ongoing and is expected to be completed in the current quarter. Highlights The three phases of column and bottle roll test work already completed indicated fast leaching and favourable recoveries [...]
Marimaca Copper Corp. is pleased to announce it has recently completed a thorough review of the data from previous drilling campaigns and its associated geology at its flagship Marimaca Copper Project . This has resulted in an updated geological interpretation indicating the potential for sulphide mineralization beneath the Marimaca Oxide Deposit . Highlights Numerous deeper holes drilled at Marimaca during Phase II [...]
Marimaca Copper Corp. is pleased to release the high level results of a detailed trade-off analysis, conducted by independent consultants, Gestion y Economia Minera Limitada , for the development of its flagship Marimaca Copper Deposit . Highlights GEM conducted a detailed trade-off analysis of potential development strategies for Marimaca including: a smaller scale, low capex option utilising existing processing [...]
Coro Mining Corp. is pleased to announce it has changed its name to Marimaca Copper Corp. to align with its flagship development project in Chile. The Company has also undertaken a 25:1 share consolidation as part of a capital reorganisation. The Company’s new website address is www.marimaca.com where its latest investor presentation can be found. An interview with the recently appointed Executive Chairman, Michael [...]
Coro Mining is pleased to provide an update on its business operations, cost reduction initiatives and on the various workstreams which are underway for its flagship Marimaca Copper Project. Coronavirus Business Impacts At the outset of the pandemic, in March 2020, Coro repatriated all personnel and contractors from the field, leaving a skeleton team to manage the site. The majority of the team has been directed to work [...]
Coro Mining Corp. announces that, due to the COVID‐19 pandemic, it intends to postpone certain of its continuous disclosure filings and the 2020 Annual Meeting of Shareholders. In connection with the continuous disclosure filings, Coro intends to rely on the extensions granted pursuant BC Instrument 51-515 - Temporary Exemption from Certain Corporate Finance Requirements and BC Instrument 51-516 - Temporary Exemptions [...]
Coro Mining provides an update on the current Cease Trade Order on its shares and actions currently being undertaken to remedy the situation. The Company had been advised that under Ontario Securities Commission Instrument 51-502, released on 23 March 2020, which provided several temporary exemptions under Ontario Securities Law, that it would be temporarily exempted from the regulated timelines concerning the delivery of [...]
Coro Mining Corp. today announced that it has entered into an unsecured working capital facility with its major shareholders, Greenstone Resources II LP , and Tembo Capital Mining Fund II LP , pursuant to which the Lenders have agreed to lend up to US$6.0 million to Coro to fund the Company through these challenging times. The WCF has a 12-month term from the date of closing and bears interest at 12% per annum. Greenstone [...]
Coro Mining Corp. is pleased to release the results of a preliminary scout drilling programme close to its flagship Marimaca Copper Deposit . The programme had the objective of testing several oxide targets within close proximity to both the north and south of the Project area, which have the potential to add near surface tonnes to any future mine plans. Highlights 31 shallow scout reverse circulation drill holes [...]
Coro Mining Corp. is pleased to announce changes to the Company’s Board of Directors including the transition of Mr. Colin Kinley from Non-Executive Chairman to a Non-Executive Director role and the appointment of Mr. Michael Haworth as the Company’s Executive Chairman, reflecting the increasing time commitment expected of the role as the Company advances the development of its Marimaca project. The board [...]
Coro Mining is pleased to announce an increase in Measured & Indicated and Inferred Mineral Resources at its Marimaca project, establishing Marimaca as one of the largest copper oxide discoveries in northern Chile for over a decade. Marimaca’s location is ideal. It is at low altitude in Chile’s Coastal Copper Belt, 25km east of the port of Mejillones and 45km north of Antofagasta, with ready access to a [...]
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