Marimaca Copper Corp. (“Marimaca Copper” or the “Company”)
(TSX: MARI) is pleased to announce the appointment of
Giancarlo Bruno Lagomarsino as Non-Executive Director with
immediate effect.
Giancarlo, a mechanical engineer by training, is
a seasoned mining professional with extensive experience across the
mining value chain from maintenance, safety and mine management up
to senior operational management positions of some of the most
important copper mines in Chile.
Mr. Bruno Lagomarsino is a Chilean national and
has spent all his 35-year career in Chilean copper operations. He
commenced his career at the Los Bronces Mine, then owned by Exxon,
in 1988. Over the course of the next 20 years, he worked across
numerous operations and various roles finishing with Anglo American
as Operations VP of its Collahuasi Mine and, finally, VP of the
Anglo Norte business unit, prior to its sale in 2015.
Giancarlo was a member of the consortium that
acquired Anglo Norte and became CEO of the entity, Mantos Copper
SA, in June 2015. In that role, Giancarlo was a key member of the
team that improved and expanded operations at Mantos Blancos,
delivered significant exploration success, and financed and
commenced construction of the Mantoverde project, which is expected
to commission in late 2023. Most recently, Mr. Bruno Lagomarsino
was Senior VP of Capstone Copper in charge of its Chilean
operations.
Mike Haworth, Non-Executive Chairman of
Marimaca Copper, commented:
“As we enter a pivotal moment in our transition
to producer, the addition of Giancarlo to our Board adds immense,
recent, experience in developing and operating large scale copper
mines in Chile and we welcome him to the Company.
“Mantos Copper, and Mantoverde in particular,
have been remarkable successes, which we hope to emulate as we
continue our development journey. Constructing a large and complex
project through the pandemic and delivering virtually on time and
budget, as was achieved with Mantoverde, should be applauded and we
hope to utilise Giancarlo’s experience to the full benefit of our
stakeholders.”
Giancarlo Bruno Lagomarsino,
commented:
“Marimaca is one of the Projects I have followed
closely in the Chilean copper space, and I believe it has the
potential to be a mine in the near future. I have operated
extensively in Chile, including in the Antofagasta region, and
can’t stress enough the value of having a well-located project in
terms of execution and operational risk. In that regard, Marimaca
is among the best that I have seen.
“I am excited to continue my involvement in the
Chilean copper sector and, hopefully, to impart my knowledge and
guidance to the Marimaca team as they enter this exciting
phase.”
About Giancarlo Bruno
Lagomarsino
Nationality: Chilean
Formal Studies:Mechanical
Engineering - Universidad Técnica Federico Santa Maria
Expert in Safety for the Mining Industry -
Sernageomin
Professional
Experience:1988-1993: Mine
Maintenance Analyst (Los Bronces/Exxon)
1993-1998: Safety and Winter Operations Manager
(Los Bronces/Exxon)
1998-2003: Mine Manager (Los Bronces/Exxon)
2003-2005: General Manager, Mantos Blancos
(Anglo American)
2005-2008: General Manager, El Soldado
(Anglo American)
2008-2012: Operations VP Collahuasi (Anglo
American, Xstrata, Mitsui)
2012-2015: Operations VP Anglo Norte (Anglo
American)
2015-2022: CEO Mantos Copper (Orion, Audley
Capital, Mitsubishi Materials)
2022-2023: Senior VP, Chile (Capstone Copper,
TSX:CS)
About MarimacaMarimaca Copper
is a Canadian publicly-listed exploration and development company
focused on developing the Marimaca Project, an oxide, open-pit,
heap leach copper project located in the Antofagasta Region of
northern Chile. The Company’s shares trade on the TSX under the
symbol “MARI” and on the OTCQX under the symbol “MARIF”.
Contact InformationFor further
information please visit www.marimaca.com or contact:
Tavistock +44 (0) 207 920
3150Gareth Tredway / Adam
Baynesmarimaca@tavistock.co.uk
Forward Looking Statements
This news release includes certain
“forward-looking statements” under applicable Canadian securities
legislation, including statements related to the Strategic
Investment and the terms thereof, the anticipated closing date, the
intended use of proceeds and the receipt of regulatory approvals
including the approval of the TSX. There can be no assurance that
such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such statements. Forward-looking statements reflect the beliefs,
opinions and projections on the date the statements are made and
are based upon a number of assumptions and estimates that, while
considered reasonable by Marimaca Copper, are inherently subject to
significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and
unknown, could cause actual results, performance or achievements to
be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions
and estimates based on or related to many of these factors. Such
factors include, without limitation: risks related to share price
and market conditions, the inherent risks involved in the mining,
exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices, the possibility of
project delays or cost overruns or unanticipated excessive
operating costs and expenses, uncertainties related to the
necessity of financing, uncertainties relating to regulatory
procedure and timing for permitting reviews, the availability of
and costs of financing needed in the future as well as those
factors disclosed in the annual information form of the Company
dated March 27, 2023 and other filings made by the Company with the
Canadian securities regulatory authorities (which may be viewed at
www.sedar.com). Statements regarding the Company’s planned DFS on
the Project are forward-looking information and may not be
realized. Accordingly, readers should not place undue reliance on
forward-looking statements. Marimaca Copper undertakes 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.
Neither the TSX nor the Canadian Investment
Regulatory Organization accepts responsibility for the adequacy or
accuracy of this release.
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