Call Us TODAY 1-877-919-5979
Coro announced a third batch of drilling results from its Atahualpa property and is expanding its drilling campaign by 4,000m on the back of continued drilling success.
We continue to believe that Coro is a viable copper heap leach story that is going to expand materially through the drill bit and these results support
Coro Mining is in the process of re-rating as the market begins to recognize the resource growth potential on a low capital intensity copper heap leach project in Chile. We estimate the fair value of Coro’s shares to be C$0.21/sh, with further upside should regional exploration targets pan out. Coro is backed by an economic copper oxide heap leach project with excellent access to infrastructure in mining friendly Chile. The combination of i) our expected doubling of the resource in the near-term, ii) our heap leach valuation and iii) the regional exploration potential, should drive Coro’s share price higher over the near and medium-term.
Coro has announced the second batch of drilling results from Atahualpa with a banner intercept returning 150m at 1.18% CuT (from surface) in oxides. Today’s news further supports our thesis that a viable copper heap leach story is going to expand materially with more drilling. As the company advances its Phase II drilling program it looks increasingly plausible that La Atómica and Atahualpa could double resources at the Marimaca Project.
Coro Mining announced results from the Sorpresa area of its Marimaca Project in the Antofagasta Region of Chile. Sorpresa occurs ~2km south of Coro’s Marimaca oxide-copper deposit. Today’s results at Sorpresa define a 350m by 100m zone of copper oxide mineralization which remains open and supports our thesis that a viable copper heap leach story is going to expand materially through the drill bit.
Coro announced its first batch of drilling results from Atahualpa, which occurs immediately north of their Marimaca deposit. Results are very good and suggest ore-grade copper oxides extend for at least 200m north of the existing Marimaca Deposit. As the company advances its Phase II drilling program it looks increasingly plausible that La Atómica and Atahualpa could double resources at the Marimaca Project.
Coro Mining Corp announced a second batch of drilling results from La Atómica
which continue to demonstrate the potential to expand oxide copper resources at its Marimaca project in Chile. With cash in the bank and 30,000 meters of drilling planned in 2019, we think Coro is well positioned to create value as it steps out to test targets on trend and contiguous to its Marimaca oxide-copper deposit (M&I: 47Mt @ 0.65% CuT).
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
© Copyright 2018 Red Cloud Klondike Strike Inc. All rights reserved.