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Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.


TSX:MARI - Post by User

Bullboard Posts
Comment by Oregonduckon Mar 07, 2017 2:44pm
86 Views
Post# 25945675

RE:RE:RE:PDAC

RE:RE:RE:PDAC
ja_prufrock Let me expound on your comments. First of all, Greenstone picked Coro Mining after extensive research and negotiated with Alan Stephens over their US$9 million equity/convertible debenture deal. Let's admit it, the Company traded as high as $1.50 in 2011 & plummeted to 2 cents after a failed deal. Until Greenstone came to the rescue in June 2015, COP was close to turning off the lights. The current situation verified Greenstone's investment decision, which said "...Extensive growth optionality to be financed with cash flows from the initial starter project (i.e. Berta). Following Greenstones extensive review of 10 Chilean copper companies, Coro ranked as the opportunity with the best assets and management team...". Luck also played a major part with Coro discovering Marimaca which shot the stock straight up from 4 pennies to $0.20 when results were announced. Things now look good for exploration to delineate more orebody at Marimaca which is still open in most directions. In addition, there will be more exploration activities at Ivan claims. As we all know, it is very difficult to get exploration going in Chile as practically all mining properties are owned by the state or in private hands...As for Mr. Stephens - who has a wealth of mining experience - he has decided to hire Ms. Nemeth for IR work for a reason to better expose Coro to the investing public. Btw, have you seen the Feb. InvestorIntel video that was recorded? Thank you. Regards.
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