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    Coro Mining Corp.  145  0 Kommentare Shareholder Update

    VANCOUVER, British Columbia, May 19, 2020 (GLOBE NEWSWIRE) -- Coro Mining Corp. (“Coro” or the “Company”) (TSX: COP) 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 (“Marimaca” or “the 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 from home in line with the recommendations from the Chilean authorities at that time. While the lockdown has clearly impacted mining businesses in Chile, especially those with large scale operations, Coro has focused on those technical workstreams which can continue despite the lockdowns. This has meant that, while there has been some impact, the Company is still making encouraging progress on its key technical work streams.

    Key Workstreams Underway

    In the latter part of 2019 and early 2020 ahead of Covid-19, the Company commenced several workstreams to assist in formulating the optimal development strategy for the Company and to further de-risk Marimaca from a technical perspective. These workstreams have experienced a range of impacts from the lockdowns imposed as a result of the pandemic.

    Firstly, Coro engaged independent engineering firm Gestión y Economía Minera Limitada (“GEM”) to undertake a detailed options trade-off study to assess the optimal development strategy for Marimaca. This workstream was focused on defining process design criteria and mining methods and rates to deliver the best risk adjusted outcome from a wide array of potential development strategies. The Company expects to be able to release a summary of the results of this study in the coming weeks.

    Secondly, following the completion of the last resource drilling campaign, Coro commenced detailed preliminary metallurgical studies including bottle roll and mini-column testing under a variety of scenarios to provide valuable technical data with respect to the leach kinetics and recoveries which could be expected from Marimaca in any future development.  The laboratories in Santiago have, fortunately, albeit at a slightly slower pace, managed to continue the test work program during this period and this important workstream is nearing completion.  The Company is currently analysing the results of this test work program which will be released once it is finalized.

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    Coro Mining Corp. Shareholder Update VANCOUVER, British Columbia, May 19, 2020 (GLOBE NEWSWIRE) - Coro Mining Corp. (“Coro” or the “Company”) (TSX: COP) is pleased to provide an update on its business operations, cost reduction initiatives and on the various workstreams which are …