Vancouver, British Columbia--(Newsfile Corp. - January 9, 2018) - Coro Mining Corp (TSX: COP) ("Coro or the Company") is pleased to announce that it has finalized its agreement to acquire 100% of the Naguayan property from a local Chilean company. The property comprises a large block of exploitation claims totalling 1,075 hectares located NE and E of the Company's Marimaca project, which in turn is located 22km E of the port of Mejillones in the II Region of Chile (Figures 1 and 2). Coro will acquire this property through its wholly-owned local subsidiary. The Company signed a Letter of Intent to acquire this property in October 2017 (see Coro press release dated October 17, 2017) for the details of this acquisition.
"The acquisition of the large Naguayan claim block is an important step in the consolidation of the Marimaca district and we look forward to integrating these properties into our plans for aggressively exploring the district during 2018," commented Coro President and CEO Luis Tondo.
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.
