Coro announces
management changes and provides update on san jorge project
July 30, 2009, Coro Mining
Corp. (Coro or the Company) (TSX Symbol: COP) announces that Mr. Marcelo
Cortes, the current Project Manager for San Jorge, will assume the
responsibilities of Mr. Juan Carlos Roman, VP of Development, who has resigned
effective July 31st 2009, in order to take up a senior management
position with a major mining company in Chile. Mr. Cortes is a Chilean civil
engineer with an MBA with specialization in Environmental Management, from Liverpool
University, in the UK
and has 19 years of experience in the mining industry. He was previously
Manager Infrastructure for Antofagasta Minerals.
The Company also announces
that Mr. Fabian Gregorio has been appointed President of Minera
San Jorge (MSJ), its Argentinean subsidiary. Mr. Gregorio is an Argentinean
lawyer, based in Mendoza,
and has been working as a consultant to the Company for the past three years,
responsible for government relations. The Mendoza based Minera
San Jorge team includes Julio Cesar Ortiz, an Argentinean lawyer responsible
for administration and public communication; Pablo Alonso, an Argentinean
environmental engineer, responsible for all environmental aspects and community
relationships; and Alejandro Palma, an Argentinean geologist, responsible for
project geology.
MSJ has adopted a policy of
complete transparency and frankness, has stressed the economic and employment
benefits of the project to Argentina,
as well as a commitment to exacting industry standards in environmental
management, and has invited citizen participation in the environmental
monitoring of the operation. The Company has demonstrated its commitment to
water conservation through the proposed use of paste tailings, which minimizes
water usage through recycling, and have committed to train as many local
residents as possible for employment in any future operation at San Jorge.
Alan Stephens, President and
CEO commented, The appointment of Mr. Fabian Gregorio
as President of MSJ further enhances our Argentinean based team and provides us
with a greater presence in Mendoza
as the project advances. We are confident that the team lead by Marcelo and
Fabian will continue to carry the project forward expeditiously and efficiently
and look forward to the outcome of the Environmental Impact Study (EIS) approval
process over the coming months. This process has several steps, the first of
which is a technical evaluation of the Study by the National
Technical University
on behalf of the government, which is expected to be finalized shortly. This is
followed by a ministerial project review, and public meetings, and if the EIS
is then approved by the Mendoza
government, ratification by the provincial legislature shortly thereafter. A
formal public consultation process has commenced, and the Company has opened an
office in Uspallata, the nearest town to the project site, to enhance our
communications and strengthen our relationship with the local community.
Finally, I would like to thank Juan Carlos for all his hard work over the last
three years, which has helped to bring San Jorge to the point where the
approval process for the EIS is so well advanced, and we wish him well in his
new position.
CORO
MINING CORP.
Alan
Stephens
Alan Stephens
President and CEO
About Coro Mining Corp.:
The Company was founded with
the goal of building a mining company focused on medium-sized base and precious
metals deposits in Latin America. The Company
intends to achieve this through the exploration for, and acquisition of,
projects that can be developed and placed into production and it has
established an experienced development and exploration team to accomplish this.
Coro's core property is the advanced San Jorge
copper-gold project, in Argentina,
and the Company holds other earlier stage exploration properties located in Chile.
For further information please
visit the Company’s website at www.coromining.com or contact Michael Philpot,
Executive Vice-President at (604) 682 5546 or investor.info@coromining.com
This news release includes
certain "forward-looking statements" under applicable Canadian
securities legislation. Such forward-looking statements or information,
including but not limited to those with respect to the prices of copper,
estimated future production, estimated costs of future production, permitting
time lines, involve known and unknown risks, uncertainties, and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements or information. Such
factors include, among others, the actual prices of copper, the factual results
of current exploration, development and mining activities, changes in project parameters
as plans continue to be evaluated, as well as those factors disclosed in the
Company's 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.
Thank you for your interest in
Coro Mining Corp.
For further information please visit our website
Michael Philpot, Executive VP
- (604) 682 5546