Oroco Resource Corp - ORRCF STOCK NEWS

Oroco Resource Corp. (OTC: ORRCF) announced a correction to the assay results from drill hole N044 at its Santo Tomas property, caused by a data transfer error from a third-party firm. The corrected results indicate a decrease in the copper equivalent (CuEq) from 0.93% to 0.46%. Despite this correction, CEO Richard Lock reaffirmed that drill hole N044 remains the best of the 2021-2023 Santo Tomas drill program and does not diminish the overall enthusiasm for recent drilling results. The company's total drilling program has covered 48,481 meters across 76 holes. The Santo Tomas Project is located in Mexico and covers approximately 23,048 acres.

Oroco Resource Corp. (OTC: ORRCF) has issued a correction regarding drill hole N044 results from its Santo Tomas project, following a data transfer error. The corrected copper equivalent percentage (CuEq) from N044 is now 0.46%, down from the previously reported 0.93%. The drill program spanned 2021-2023, totaling 48,481 meters over 76 holes. Despite the correction, CEO Richard Lock emphasized that N044 remains the best drill hole in the program, aligning with prior results. The company holds substantial mineral rights in the Santo Tomas area, which is known for its copper porphyry deposits. This news does not affect previous announcements regarding the project.

Oroco Resource Corp. (OTC: ORRCF) announced significant assay results from drill holes N044 and N045, totaling 1,553 m of drilling at its Santo Tomas property in Mexico. Notably, N044 returned 352.5 m of 0.93% copper equivalent (CuEq), marking it as the best hole drilled to date. N045 yielded 329.8 m of 0.50% CuEq, demonstrating continuity of mineralization depth. The North Zone drilling program now has 47 diamond drill holes completed. The company plans a Preliminary Economic Assessment (PEA). The drilling results indicate strong potential for resource expansion, particularly in the southern segment of the North Zone. Historical exploration has already established significant mineral resources at the site.

Oroco Resource Corp. (OTC: ORRCF) announced the grant of 450,000 stock options to CEO Richard Lock, priced at $1.10 per share, valid until April 3, 2026. The options will vest in three tranches: 150,000 immediately, followed by 150,000 on July 3, 2023, and October 3, 2023. This grant is subject to the approval of the TSX Venture Exchange. Oroco holds an 85.5% interest in the Santo Tomas Project in Mexico, encompassing 23,048 acres and featuring a significant copper porphyry deposit. The company's ongoing drill program has already covered 49,000 meters.

Oroco Resource Corp. (OTC: ORRCF) reported drill results from its South Zone drilling program at the Santo Tomas property in Mexico, covering 1,553 meters. Notable results include drill hole S020, which returned 221.7m of 0.45% CuEq, and drill hole S021, with 145m of 0.32% CuEq and 89m of 0.34% CuEq. The Company completed its 21-hole drill program totaling 12,154 meters, confirming mineralized structures projected 400 meters below the surface along a 2,000-meter strike length. Upcoming updates include a Mineral Resource Estimate and a Preliminary Economic Assessment, highlighting the project’s potential as a significant acquisition target.

Oroco Resource Corp. has successfully closed a non-brokered private placement, raising $4,758,727.55 by selling 6,344,970 units at $0.75 each. Each unit comprises one share and one-half share purchase warrant, with a warrant exercise price of $1.05 for 24 months. The funds will support exploration, development activities, and corporate overhead. Notably, ATM Mining Corp., linked to Oroco's Executive Chairman, purchased 200,000 units, qualifying for an exemption from regulatory approval. The company holds a substantial interest in the Santo Tomas Project, which hosts a significant copper deposit.

Oroco Resource Corp. (OTC: ORRCF) announced assay results from its South Zone drilling program at the Santo Tomas property in Mexico, comprising 8,547 meters across 15 drill holes. Significant results include 127.0 m of 0.41% CuEq from S004, 179.2 m of 0.45% CuEq from S015, and 349.1 m of 0.40% CuEq from S016. The South Zone extends 2 kilometers and shows potential for substantial mineral resource additions. The company's CEO Richard Lock expressed optimism regarding these findings, which are pivotal for an upcoming Preliminary Economic Assessment slated for Q2 2023. The program includes historical data validation and additional drilling is planned to explore further segments.

Oroco Resource Corp. has released new assay results from its North Zone drilling program at the Santo Tomas project in Mexico. The drilling, totaling 2,668 meters across holes N039 to N043, confirmed good-grade mineralization continuity, notably 135 meters at 0.60% CuEq. The North Zone's strike length now extends to approximately 1,600 meters, with further drilling planned to enhance mineral resource estimates. CEO Richard Lock expressed optimism about these results and the potential of ongoing horizontal drilling to bolster resources for a forthcoming Preliminary Economic Assessment.

Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) announced that shareholders approved an amended 10% rolling stock option plan during its Annual General Meeting on December 16, 2022. This plan allows for the issuance of options equating to 10% of the outstanding shares, automatically adjusting as share capital increases. The amendments ensure compliance with TSX Venture Exchange requirements and require disinterested shareholder approval for extensions granted to insiders. The company holds a significant interest in the Santo Tomas Project in Mexico, featuring a major copper porphyry deposit.