Marimaca Appoints Giancarlo Bruno Lagomarsino as Non-Executive Director

VANCOUVER, British Columbia, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce the appointment of Giancarlo Bruno Lagomarsino as Non-Executive Director with immediate effect.

Giancarlo, a mechanical engineer by training, is a seasoned mining professional with extensive experience across the mining value chain from maintenance, safety and mine management up to senior operational management positions of some of the most important copper mines in Chile.

Mr. Bruno Lagomarsino is a Chilean national and has spent all his 35-year career in Chilean copper operations. He commenced his career at the Los Bronces Mine, then owned by Exxon, in 1988. Over the course of the next 20 years, he worked across numerous operations and various roles finishing with Anglo American as Operations VP of its Collahuasi Mine and, finally, VP of the Anglo Norte business unit, prior to its sale in 2015.

Giancarlo was a member of the consortium that acquired Anglo Norte and became CEO of the entity, Mantos Copper SA, in June 2015. In that role, Giancarlo was a key member of the team that improved and expanded operations at Mantos Blancos, delivered significant exploration success, and financed and commenced construction of the Mantoverde project, which is expected to commission in late 2023. Most recently, Mr. Bruno Lagomarsino was Senior VP of Capstone Copper in charge of its Chilean operations.

Mike Haworth, Non-Executive Chairman of Marimaca Copper, commented:

“As we enter a pivotal moment in our transition to producer, the addition of Giancarlo to our Board adds immense, recent, experience in developing and operating large scale copper mines in Chile and we welcome him to the Company.

“Mantos Copper, and Mantoverde in particular, have been remarkable successes, which we hope to emulate as we continue our development journey. Constructing a large and complex project through the pandemic and delivering virtually on time and budget, as was achieved with Mantoverde, should be applauded and we hope to utilise Giancarlo’s experience to the full benefit of our stakeholders.”

Giancarlo Bruno Lagomarsino, commented:

“Marimaca is one of the Projects I have followed closely in the Chilean copper space, and I believe it has the potential to be a mine in the near future. I have operated extensively in Chile, including in the Antofagasta region, and can’t stress enough the value of having a well-located project in terms of execution and operational risk. In that regard, Marimaca is among the best that I have seen.