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| | Coro has two advanced stage heap leach copper projects. In Chile, the Company expects to complete a scoping study by mid-2008 at its Barreal Seco property (part of Flores), while in Argentina, the Company is completing a pre-feasibility study at San Jorge, to be completed in late 2008. Coro also has an attractive portfolio of exploration properties in Chile, with the Salvadora and Celeste properties offering potential to be exploited as satellites projects to Barreal Seco. The Company has entered into an option agreement to purchase the operating Cerro Negro Copper Mine for $40 million. Cerro Chacay Property hosts a well defined porphyry copper prospect that is currently being evaluated. Andrea comprises two exploitation claims totaling 670 hectares and previous work on the property described the development of a porphyry style Cu-Mo mineralization with potassic and propylitic alteration, associated with quartz diorite intrusive bodies. Cordero contains a polymetallic prospect where artisinal underground mining has taken place. The adjacent Sanson property hosts an early stage porphyry molybdenum prospect. Coro has successfully assembled an experienced exploration and development team to take these projects from "drill bit to production". 
Coro focuses its exploration and development on mining-friendly countries in Latin America with stable governments and established infrastructures. Phelps Dodge Database Coro has an agreement that provides exclusive access to a powerful exploration database developed by Phelps Dodge, containing proprietary geophysical, geologic, geochemistry, maps, data reports and other files for Mexico, Central America and portions of Chile. This database will assist Coro in its search for new deposits. |
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