 | |
| |
| | April 13, 2010
Coro Provides Update on San Jorge Project
|
| | April 13, 2010, Coro Mining Corp. ("Coro" or the "Company") (TSX Symbol: COP) provides an update on the approval process for its San Jorge project Environmental Impact Study ("EIS"). San Jorge is an advanced copper gold project located in the Province of Mendoza, Argentina.
Further to the Company's news release of February 24th 2010 announcing the successful completion of the Sectoral Review process, the Company expected that a date for the public meeting would be "announced shortly". The Company has now been advised by the Environmental Authority of the Provincial Government of Mendoza, that it requires an additional study to be completed to provide further hydrological information on the project. Specifically, the project is located within the Yalguaraz hydrological basin, which the Company's EIS states is not connected to the adjacent Uspallata basin, which in turn forms part of the Mendoza river system. The Company has been requested to conduct additional hydrological work to reconfirm this conclusion. Coro is fully committed to developing San Jorge in such a way that no water resources, including those where the project is located, would be affected by contamination, as required by local and national regulations, and by international best practices.
Coro, through its subsidiary, Minera San Jorge, continues to follow a policy of complete transparency and frankness, and has stressed the economic and employment benefits of the project to Argentina, as well as a commitment to exacting industry standards in environmental management, and has invited citizen participation in the environmental monitoring of the operation. The Company has demonstrated its commitment to water conservation through the proposed use of paste tailings, which minimizes water usage through recycling. It has committed to train as many local residents as possible for employment in the future operations at San Jorge.
CORO MINING CORP.
"Alan Stephens"
Alan Stephens
President and CEO
About Coro Mining Corp.:
The Company was founded with the goal of building a mining company focused on medium-sized base and precious metals deposits in Latin America. The Company intends to achieve this through the exploration for, and acquisition of, projects that can be developed and placed into production. Coro's properties include the advanced San Jorge copper-gold project, in Argentina, and the Chacay and Llancahue copper exploration properties located in Chile.
For further information please visit the Company's website at www.coromining.com or contact Michael Philpot, Executive Vice-President at (604) 682 5546 or investor.info@coromining.com
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador. |
| |
| | You can view the Next News Releases item: Tue May 4, 2010, Coro Announces 64 Metres at 0.55% Copper from Drilling Program at Chacay Property
You can view the Previous News Releases item: Fri Mar 26, 2010, Coro Intercepts 122 Metres of 0.77% Copper From Drilling Program at Chacay Property
You can return to the main News Releases page, or press the Back button on your browser.
|
|
| |
