CORO Mining Corp. - QwikReport

CORO MINING CORP. : http://www.coromining.com/ : QwikReport

San Jorge

San Jorge, Argentina (acquiring 100%)

click to view enlarged

Located in west-central Argentina in the Province of Mendoza, the large (115,000 ha) San Jorge property lies approximately 45 km north of the town of Uspallata and 250 km northeast of Santiago, Chile.

San Jorge hosts a medium sized copper gold porphyry deposit. The Company has completed a Pre-Feasibility Study (PFS) on the leachable copper resources and a Preliminary Economic Assessment (PEA) on the flotable copper resources.

In Q308, the Company filed the Environmental Impact Study ("EIS") for its San Jorge copper-gold project, which was formally accepted to enter the evaluation process by the Secretary of the Environment of the Government of Mendoza.

Underlying Option Agreement

Coro has an Option to purchase 100% of San Jorge from Lumina Copper by making further staged payments of $15.15 mm on or before May 2013. Upon commercial production, Coro pays Lumina USD$0.02 per paid copper minable proven and probable copper reserves as defined in a bank feasibility study, less the total cash payments. Lumina will also receive a 1.5% NSR in all products produced other than copper.

Geology and Mineralization

San Jorge is a Permian age granodiorite porphyry stock with associated contact and hydrothermal breccias intruded into Paleozoic sandstones and shales. Strong silicification and quartz stockworking has developed in the sediments and porphyry.

The sequence of rocks has been fractured by strong NNE oriented structural controls. Best grades of copper and gold mineralization coincide with tourmaline brecciation. The porphyry shows a vertical zonation from hypogene mineralization at depth, passing upwards into a supergene enriched zone, which is overlain by a zone of oxide mineralization and finally into a thin, poorly developed leach cap.

Resources (0.30% Cutoff)

Engineering Studies

The Company has completed two engineering studies to NI 43-101 Technical Report Standards; a) a Leach Only Copper Project yielding 25,000tpy copper cathode for 10 years, by Ausenco Canda Inc. and b) a Float Only Copper/Gold Project yielding an average 39,500mtpy of copper and 39,000ozpy of gold contained in concentrates for 16 years by GRD Minproc. Both these reports will be filed on SEDAR.

In June 2007, legislation was passed banning the use of toxic chemicals including sulphuric acid in mining activities, which has meant the Leach Only project is not possible at this time and within the Float Only project has considered the oxide material is considered waste and stockpiled separately.

The highlights from these reports are outlined in the table below:

San Jorge Technical Reports Summary		Float Only Case	Leach Only Case
Base case (10%): ($1.65/lb Copper and $600/oz gold)	Pre-tax NPV Pre-tax IRR After-tax NPV After-tax IRR	$291 million 31% $82 million 18%	$159 million 28% $77 million 20%
Upside case (10%): ($2.00/lb Copper and $600/oz gold)	After-tax NPV After-tax IRR	$220 million 29%	$139 million 28%
Average cash operating costs: (years 1 to 5) ($/lb)	Before credits Credits After credits	$0.91 $0.22 $0.69	$0.90 $0.35 $0.55
Total production:	Copper (tonnes) Gold (ounces)	632,000 629,000	223,363 n/a
Average production: (years 1 to 5)	Copper (tonnes) Gold (ounces)	51,000 42,000	24,000 n/a
Mine life:	Years	16	10
Initial capital costs:	$ million	$277	$162
Prepared by:		GRD MINPROC	AUSENCO
Report type:		Preliminary Economic Assessment	Preliminary Feasibility Standard
Date:		April 22, 2008	April 3, 2008

Environmental

Environment concerns and issues are of highest priority to the Company. The Company appreciates that the development of San Jorge should have no to minimal environmental impact to the land, water and agriculture of the Province of Mendoza and communities within the province. The Company's mandate is to utilize modern mining practices while adhering to strict global standards.
San Jorge is located within a 120,000 hectares ranch controlled by the Company. The nearest community is Uspallata, which is located 45km to the south. There are no competing agricultural interests in the area and no competition for water resources, which rise and fall into a subterrain basin with the Company's property. There is sufficient water supply for the proposed mining operation with anticipated consumption of 140 litres per second or the same amount of water consumed by a typical vineyard with drip irrigation of a 140 hectares size.

EIS Approval Process

The San Jorge EIS'approval process has a number of steps, the first of which is a technical evaluation of the EIS by a local university on behalf of the government which is expected to be obtained in Q3-09. This will be followed by a ministerial project review, public consultation and a formal public meeting anticipated to be completed and ratified by Parliament in Q4-09 or soon thereafter.

In May 2009, the Company filed on SEDAR its Technical Report; for further information please see this link http://www.coromining.com/i/pdf/0905SanJorge34-101techrepFinal.pdf.

On September 10, 2009, the company announced the completion of the evaluation of the San Jorge project environment impact study - please see the link to the report http://www.coromining.com/i/pdf/0909DictamenTecnicovFinal.pdf.

What's Next?

Enlarge

• To advance the San Jorge Float Only copper gold project through the permitting process

Related Releases

October 20, 2008
Coro Files Environmental Impact Study for San Jorge Copper-Gold Project In Argentina - NR 08-24
October 20, 2008, Coro Mining Corp. ("Coro", or the "Company") (TSX symbol: COP) is pleased to announce that the Environmental Impact Study ("EIS") for its San Jorge copper-gold project has been formally accepted to enter the evaluation process by the Secretary of the Environment of the Government of Mendoza. The EIS will be evaluated over the coming months by a number of provincial government departments and their advisors, and the public will be given the opportunity to review and comment on ... (4 KB)

April 22, 2008
Coro Announces Conclusions From NI 43-101 Technical Report On San Jorge Float Only Copper Gold Project Preliminary Economic Assessment - NR 08-09
April 22, 2008, Coro Mining Corp. ("Coro", or the "Company") (TSX symbol: COP) is pleased to announce the conclusions from the San Jorge Flotation Only Copper Gold Project ("the Float Only Project" or "the Project") National Instrument 43-101 Technical Report (the "Minproc Technical Report") being finalized by GRD Minproc ("Minproc"). The Project is located in the Department of Las Heras, Mendoza Province, Argentina. The Minproc Technical Report is based on the outcomes of an engineeri... (79 KB)

April 03, 2008
Coro Announces Highlights From San Jorge Leach Only Copper Project Ni 43-101 Technical Report - NR 08-08
April 3, 2008, Coro Mining Corporation ("Coro", or the "Company") (TSX symbol: COP) is pleased to announce the highlights from the San Jorge Leach Only Copper Project ("the Leach Only Project" or "the Project") National Instrument 43-101 Technical Report (the "Ausenco Technical Report") being finalized by Ausenco Canada Inc. ("Ausenco"). The Project is located in the Province of Mendoza, Argentina. The Ausenco Technical Report is based on the outcomes of an engineering study completed ... (15 KB)

February 14, 2008
Coro To Conduct Independent Preliminary Economic Assessment On 35-50,000 Tpy Copper In Concentrate Production From San Jorge - NR 08-03
February 14, 2008 Coro Mining Corp. ("Coro" or the "Company") (TSX Symbol: COP) is pleased to announce that it has engaged GRD Minproc Ltd. to complete a Preliminary Economic Assessment (PEA) on producing between 35-50,000 tonnes per year of copper in concentrate from the Enriched and Primary material at San Jorge. The PEA will evaluate a 10 million tonnes per year flotation only operation capable of producing 35-50,000 tonnes per year of copper in concentrates, together with a signifi... (5 KB)

January 16, 2008
San Jorge New Resource Estimate and Project Update - NR 08-01
January 16, 2008 Coro Mining Corp. ("Coro" or the "Company") (TSX Symbol: COP) is pleased to announce a new resource estimate for its San Jorge copper-gold project, located in the Province of Mendoza, Argentina. This estimate incorporates the results of the 2007 drilling program which comprised a total of 27 diamond drill holes for 4,177 meters, aimed at expanding and further defining the resource base. The estimate has been completed by NCL Ingeniería y Construcción S.A., Santiago, Chile... (16 KB)

October 29, 2007
San Jorge Drill Results And Project Update - NR 07-10
October 29, 2007 Coro Mining Corp. ("Coro" or the "Company") (TSX Symbol: COP) is pleased to announce the results of diamond drilling and provide an update for the San Jorge Project, in Argentina. A drilling program comprising a total of 27 diamond drill holes for 4,177 meters has recently been completed, aimed at expanding and further defining the in pit copper gold resource base. Infill drilling (Holes SJ-IN-17 to SJ-IN-27, excl SJ 23) was target in improving the definition of the vario... (50 KB)

July 23, 2007
Minera San Jorge files an action to challenge the constitutionality of recently passed Mendoza Provincial Act - NR 07-05
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES July 23, 2007 Minera San Jorge SA, a subsidiary of Coro Mining Corp. (TSX symbol: COP) ("Coro" or the "Company"), has filed an action to have the recently passed Provincial Act in Mendoza (the "Act"), declared unconstitutional. As noted in the Company's News Release 07-02, dated June 21, 2007, the Act prohibits the use of toxic substances including sulphuric acid in any metalliferous mining in the Province.... (4 KB)

June 21, 2007
Recent Developments In Argentina - NR 07-02
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES June 21, 2007 Coro Mining Corp. ("Coro" or the "Company") wishes to provide an update on recent developments in Argentina. On June 20, 2007, the Mendoza Provincial Legislature passed legislation prohibiting the use of toxic chemicals including sulphuric acid in any mining activity in the Province. The new legislation, unless amended or repealed, could impair the Company's ability to develop the San Jorge p... (5 KB)

In May 2009, the Company filed on SEDAR its Technical Report; for further information please see this link http://www.coromining.com/i/pdf/0905SanJorge34-101techrepFinal.pdf.

For more information, send questions and comments to
This page was created on Fri Sep 10, 2010 at 1:24:41 PM Pacific Time.

	October 20, 2008 Coro Files Environmental Impact Study for San Jorge Copper-Gold Project In Argentina - NR 08-24 October 20, 2008, Coro Mining Corp. ("Coro", or the "Company") (TSX symbol: COP) is pleased to announce that the Environmental Impact Study ("EIS") for its San Jorge copper-gold project has been formally accepted to enter the evaluation process by the Secretary of the Environment of the Government of Mendoza. The EIS will be evaluated over the coming months by a number of provincial government departments and their advisors, and the public will be given the opportunity to review and comment on ... (4 KB)
	April 22, 2008 Coro Announces Conclusions From NI 43-101 Technical Report On San Jorge Float Only Copper Gold Project Preliminary Economic Assessment - NR 08-09 April 22, 2008, Coro Mining Corp. ("Coro", or the "Company") (TSX symbol: COP) is pleased to announce the conclusions from the San Jorge Flotation Only Copper Gold Project ("the Float Only Project" or "the Project") National Instrument 43-101 Technical Report (the "Minproc Technical Report") being finalized by GRD Minproc ("Minproc"). The Project is located in the Department of Las Heras, Mendoza Province, Argentina. The Minproc Technical Report is based on the outcomes of an engineeri... (79 KB)
	April 03, 2008 Coro Announces Highlights From San Jorge Leach Only Copper Project Ni 43-101 Technical Report - NR 08-08 April 3, 2008, Coro Mining Corporation ("Coro", or the "Company") (TSX symbol: COP) is pleased to announce the highlights from the San Jorge Leach Only Copper Project ("the Leach Only Project" or "the Project") National Instrument 43-101 Technical Report (the "Ausenco Technical Report") being finalized by Ausenco Canada Inc. ("Ausenco"). The Project is located in the Province of Mendoza, Argentina. The Ausenco Technical Report is based on the outcomes of an engineering study completed ... (15 KB)
	February 14, 2008 Coro To Conduct Independent Preliminary Economic Assessment On 35-50,000 Tpy Copper In Concentrate Production From San Jorge - NR 08-03 February 14, 2008 Coro Mining Corp. ("Coro" or the "Company") (TSX Symbol: COP) is pleased to announce that it has engaged GRD Minproc Ltd. to complete a Preliminary Economic Assessment (PEA) on producing between 35-50,000 tonnes per year of copper in concentrate from the Enriched and Primary material at San Jorge. The PEA will evaluate a 10 million tonnes per year flotation only operation capable of producing 35-50,000 tonnes per year of copper in concentrates, together with a signifi... (5 KB)
	January 16, 2008 San Jorge New Resource Estimate and Project Update - NR 08-01 January 16, 2008 Coro Mining Corp. ("Coro" or the "Company") (TSX Symbol: COP) is pleased to announce a new resource estimate for its San Jorge copper-gold project, located in the Province of Mendoza, Argentina. This estimate incorporates the results of the 2007 drilling program which comprised a total of 27 diamond drill holes for 4,177 meters, aimed at expanding and further defining the resource base. The estimate has been completed by NCL Ingeniería y Construcción S.A., Santiago, Chile... (16 KB)
	October 29, 2007 San Jorge Drill Results And Project Update - NR 07-10 October 29, 2007 Coro Mining Corp. ("Coro" or the "Company") (TSX Symbol: COP) is pleased to announce the results of diamond drilling and provide an update for the San Jorge Project, in Argentina. A drilling program comprising a total of 27 diamond drill holes for 4,177 meters has recently been completed, aimed at expanding and further defining the in pit copper gold resource base. Infill drilling (Holes SJ-IN-17 to SJ-IN-27, excl SJ 23) was target in improving the definition of the vario... (50 KB)
	July 23, 2007 Minera San Jorge files an action to challenge the constitutionality of recently passed Mendoza Provincial Act - NR 07-05 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES July 23, 2007 Minera San Jorge SA, a subsidiary of Coro Mining Corp. (TSX symbol: COP) ("Coro" or the "Company"), has filed an action to have the recently passed Provincial Act in Mendoza (the "Act"), declared unconstitutional. As noted in the Company's News Release 07-02, dated June 21, 2007, the Act prohibits the use of toxic substances including sulphuric acid in any metalliferous mining in the Province.... (4 KB)
	June 21, 2007 Recent Developments In Argentina - NR 07-02 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES June 21, 2007 Coro Mining Corp. ("Coro" or the "Company") wishes to provide an update on recent developments in Argentina. On June 20, 2007, the Mendoza Provincial Legislature passed legislation prohibiting the use of toxic chemicals including sulphuric acid in any mining activity in the Province. The new legislation, unless amended or repealed, could impair the Company's ability to develop the San Jorge p... (5 KB)