{"id":3429,"date":"2017-06-09T08:24:59","date_gmt":"2017-06-09T12:24:59","guid":{"rendered":"http:\/\/marimaca.com\/coro-signs-purchase-agreement-for-acquisition-of-ivan-sxew-plant-for-marimaca-project-chile-2\/"},"modified":"2020-12-07T10:52:26","modified_gmt":"2020-12-07T15:52:26","slug":"coro-signs-purchase-agreement-for-acquisition-of-ivan-sxew-plant-for-marimaca-project-chile-2","status":"publish","type":"post","link":"https:\/\/marimaca.com\/es\/coro-signs-purchase-agreement-for-acquisition-of-ivan-sxew-plant-for-marimaca-project-chile-2\/","title":{"rendered":"Coro Signs Purchase Agreement for Acquisition of Ivan SXEW Plant for Marimaca Project, Chile"},"content":{"rendered":"

June 9, 2017, Vancouver, Canada- Marimaca Copper Corp,<\/strong>\u00a0(\u201cMarimaca Copperor the Company\u201d) (TSX:COP) is pleased to announce that it has signed the purchase agreement for the acquisition of Minera Rayrock Ltda (\u201cRayrock\u201d), a Chilean subsidiary of Compa\u00f1\u00eda Minera Milpo S.A.A (\u201d Milpo\u201d) a Peruvian mining company, which owns the Ivan SXEW (solvent extraction & electrowinning) processing plant, located 18km south of the Company\u2019s Marimaca project. The formal registration of the change of ownership is expected early next week.<\/p>\n

\u201cThe completion of the Rayrock purchase, which will enable us to accelerate production from our Marimaca project, represents another in the succession of strategic objectives that Marimaca Copperanticipates achieving in 2017,\u201d commented CEO Alan Stephens. \u201cThe Ivan plant has been on care and maintenance for the past five years and has been maintained in good condition such that we believe it may be put back into production in a reasonable time and for a reasonable cost.\u201d<\/p>\n

In addition to the Ivan SXEW plant, with its installed capacity of 10,000 tonne per year copper cathode, this purchase includes 23,748 hectares of mining claims (\u201cIvan Claims\u201d) extending between Marimaca and Ivan. Rayrock also owns 14,505 hectares of mining claims (\u201cSierra Medina claims\u201d) located some 42km north east from Ivan and 30km east from Marimaca, which are also included in this purchase. Milpo has retained a 2% net smelter return (\u201cNSR\u201d) on all production from the Rayrock mineral properties. Marimaca Coppermay acquire half the NSR for US$2m at any time and will have a right of first refusal over the NSR.<\/p>\n

About Marimaca Copper Corp.:<\/strong><\/p>\n

Coro\u2019s strategy is to grow a mining business through the discovery, development and operation of \u201cMarimaca Coppertype\u201d deposits. These are defined as projects at any stage of development, which are well located with respect to infrastructure and water, have low permitting risk, and have the potential to achieve a short and cost effective timeline to production. The Company\u2019s preference is for open pit heap leach copper projects, where minimizing capital investment takes priority over maximizing NPV, where profitability is prioritized over production rate, and finally, where the likely capital cost is financeable relative to the Company\u2019s market capitalization. The Company\u2019s assets include the Marimaca development project; its 65% interest in the SCM Berta company, which includes the Berta and Nora operations; the Planta Prat project; the Llancahue prospect; and a royalty on the San Jorge copper-gold project located in Argentina.<\/p>\n

For further information:<\/p>\n

Contact Naomi Nemeth, VP Communications\/IR at +1 (647) 556\u00a01023, +1 (604) 682\u00a05546, Toll free +1\u00a0877\u00a0702\u00a02676 or\u00a0nnemeth@coromining.com<\/a>
\nVisit our website site at\u00a0www.coromining.com<\/a>
\nEmail us at\u00a0investor.info@coromining.com<\/a>
\nFollow us on Twitter @coromining1<\/p>\n

This news release includes certain \u201cforward-looking statements\u201d under applicable Canadian securities legislation. Such forward-looking statements or information, include but are not limited to production estimates. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Marimaca\u2019s ability to predict or control and may cause Marimaca\u2019s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, the production capacity of the Ivan Plant.<\/em><\/p>\n

Such forward-looking statements are also based on a number of assumptions which may prove to be incorrect, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company\u2019s documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador.<\/em><\/p>\n

Accordingly, readers should not place undue reliance on forward-looking statements. Marimaca Copperundertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

June 9, 2017, Vancouver, Canada- Marimaca Copper Corp,\u00a0(\u201cMarimaca Copperor the Company\u201d) (TSX:COP) is pleased to announce that it has signed the purchase agreement for the acquisition of Minera Rayrock Ltda (\u201cRayrock\u201d), a Chilean subsidiary of Compa\u00f1\u00eda Minera Milpo S.A.A (\u201d Milpo\u201d) a Peruvian mining company, which owns the Ivan SXEW (solvent extraction & electrowinning) processing […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[],"period":[117],"class_list":["post-3429","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar","period-117"],"acf":[],"yoast_head":"\nCoro Signs Purchase Agreement for Acquisition of Ivan SXEW Plant for Marimaca Project, Chile - Marimaca<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marimaca.com\/es\/coro-signs-purchase-agreement-for-acquisition-of-ivan-sxew-plant-for-marimaca-project-chile-2\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coro Signs Purchase Agreement for Acquisition of Ivan SXEW Plant for Marimaca Project, Chile - 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