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     160  0 Kommentare Coro Mining Corp. Announces Changes to its Board and an Update on Progress for its Flagship Marimaca Copper Project

    VANCOUVER, British Columbia, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Coro Mining Corp. (“Coro” or the “Company”) (TSX: COP) 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 changes also include the appointment of Ms. Petra Decher as the lead independent Non-Executive Director, and Mr. Kinley assuming the role of Chairman of the Compensation Committee.

    Coro is developing the exciting Marimaca Copper Project (“Marimaca” or “the Project”) for which the Company recently released an updated oxide Mineral Resource Estimate (“MRE”) of 420Kt of contained copper with an average grade of 0.60% copper within the Measured & Indicated Categories and 224kt of contained copper with an average grade of 0.52% copper within the Inferred Category (refer release on 2 December 2019), representing an increase of nearly 100% from the pit constrained MRE released in April 2018.

    Coro has identified several near deposit oxide targets which offer the potential to further extend the MRE in addition to larger sulphide exploration targets both at Marimaca and within the broader tenement package, which will be the subject of follow-up exploration work.

    Coro is currently undertaking a Preliminary Economic Assessment (“PEA”) for Marimaca, which is anticipated to be completed in the first half of 2020. The Company, through its Chilean consultants, GEM, recently completed a detailed trade-off study to understand the key development strategies available for the project and which has identified a stand-alone, full scale, development option for Marimaca to be used for the PEA. As a result of its premier location and access to first class infrastructure, simple open-pit mining and oxide processing, Marimaca is expected to benefit from low capital development costs relative to other copper development peers in the region. In addition, due to the favourable geometry of the orebody and relatively simple oxide ore processing through Solvent Extraction-Electrowinning (“SX-EW”), Management believes the Project will have highly competitive operating costs, delivering compelling economics in the PEA.

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    Coro Mining Corp. Announces Changes to its Board and an Update on Progress for its Flagship Marimaca Copper Project VANCOUVER, British Columbia, Feb. 18, 2020 (GLOBE NEWSWIRE) - Coro Mining Corp. (“Coro” or the “Company”) (TSX: COP) is pleased to announce changes to the Company’s Board of Directors including the transition of Mr. Colin Kinley from Non-Executive …