Marimaca Copper Corp T.MARI

Alternate Symbol(s): MARIF

Metals & Mining Copper

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

Marimaca Copper Corp

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Post by Oregonduckon Mar 21, 2018 11:16pm

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Post# 27758530

A Page off Coro Mining's Playbook?

Coro Style of bringing on production at the least cost is not working - Go Big or Go Home, They need to throw everything at the Marimaca & surrounding properties and keep drilling and drilling to prove up the $1 billion tonne deposit that it is promoting to investors.

I think they're hinting at getting the Company sold by year-end. The Co. repeatedly touted it could be another Tyler Resources in the making that was taken over by the Chinese Metals Co. Jinchuan Group for $214 million in 2008 at more than double the market price. Greenstone said in 2015 about its rationale for investing in Coro Mining, "...The copper cathode produced by Coro is free from any offtake obligations and the premium product is very attractive to end users and traders to support Greenstone’s exit."

Here's the tweet they put out on Feb. 3, 2018.

‏ @coromining

#copper sector heating up. Coro Mining 1b tonne deposit at #marimaca will be drawing attention from majors before end of year. #smallcap #Stockstowatch #mining #tsx #investing @JosefSchachter https://t.co/1kI3U2lSqM?amp=1