Coro Mining shares up as it submits environmental declaration for Marimaca project

Coro Mining Corp (CVE:COP) reached another milestone in its bid to fast-track the Marimaca project in Chile into production.

The company has submitted what’s called an environmental impact declaration (DIA) for the site, phase one, and has passed the five-day admissibility period.

Both of these milestones are required so that the project may be assessed by the relevant  authorities and ultimately grant the environmental qualification resolution for Marimaca.

“The Marimaca DIA submission signifies a solid milestone and a forward movement required for fast-tracking Marimaca into production as per our strategic plan,” said Coro’s chief executive Luis Tondo.

This DIA for phase one was based on the definitive feasibility study currently under way, added Coro.

This report is on track to be released in the first quarter of this year, which will satisfy the requirements of the formal arrangement for Coro to achieve 75% ownership.

Shares added 4.76% to C$0.11 in early deals in Toronto.

Story by ProactiveInvestors