coro Coro Provides Update on Projects 12 Jan 2012 12:00 ET
Marketwire Canada
Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) is pleased to provide an update on its projects in Chile and Argentina, and progress on the identification and acquisition of new opportunities.
San Jorge Project
As stated in our news release of August 27th, 2011, Coro has been reviewing its alternatives for seeking legal redress and compensation from the Mendoza government resulting from the unlawful denial of the ratification of the Company's valid and approved Environmental Impact Declaration. This legal review has now been completed and Coro will make a decision whether to file suit against the Mendoza government and certain individuals, shortly. The Company is also finalizing an engineering study which defines an alternative development strategy for San Jorge, and which we intend to present to the Argentinean authorities in the next few weeks. Results of this study, and the outcome of these discussions, will be released in Q1 12.