Coro
Coro Mining and the Marimaca Project Marimaca is fast becoming recognised as one of the most significant copper discoveries in Chile in recent years as it represents a new type of discovery which challenges accepted exploration wisdom and promises to open up new frontiers for discoveries elsewhere in the country. Marimaca is an intrusive orebody while the mantos deposits in the region are volcanic, which saw it overlooked by the major copper producers in the past, although it behaves like a volcanic setting as the extensive fracturing provides space for mineralisation to enter.
With a lack of new copper exploration discoveries in Chile the growing Marimaca resource is likely to make it a sought-after development project as it is situated in the coastal belt at low elevation close to Antofagasta and Mejillones. This prime location could enable its future development at a relatively modest capital investment. Marimaca would benefit from nearby existing infrastructure including roads, powerlines, ports, a sulphuric acid plant, a skilled workforce and seawater.