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OROCO Resource Corp ORD (ORRCF) is a mineral exploration company focused on the acquisition and development of mineral resource properties in Mexico. The company's primary focus is the Santo Tomas porphyry copper-gold project, which has significant exploration potential and is located in a prolific mining district. OROCO is committed to responsible mining practices and community engagement, working towards sustainable development in the region. With a strong management team and strategic partnerships in place, OROCO is well-positioned for future growth and success in the mining industry.
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.
Oroco Resource Corp. (OTC: ORRCF) has released assay results from drill holes N032 to N038, totaling 4,046 meters, in its North Zone at the Santo Tomas property in Mexico. The results confirm and expand the 2009 Gradeshell model, with significant mineralization identified across all holes. Highlights include drill hole N036 which returned the highest grade of 0.51% CuEq over 139.6 m. The program, now nearing completion, aims to further define shallow-seated higher-grade mineralization, and has affirmed the deposit's potential for low-strip open-pit mining.
On November 10, 2022, Oroco Resource Corp. (OTC: ORRCF) released promising assay results from its drilling program at the South Zone of the Santo Tomas property in northwestern Mexico. The drill holes S001, S002, and S003, which spanned 2,052 meters, revealed significant intervals of mineralization, with CuEq percentages of up to 0.39%. These results confirm the mineralization's extension across a total of 3,200 meters and highlight the potential for resource increases. The company has completed 12 drill holes in this program, with results for additional holes pending.
Oroco Resource Corp. (OTC: ORRCF) reported assay results from 4,124 m of drilling in the North Zone and Brasiles Zone of its Santo Tomas property in Mexico. The drill program confirmed and expanded the Gradeshell model of Cu >0.30%. Notable results include drill hole N027 with 195.2 m of 0.45% CuEq and N030 with 211.6 m of 0.47% CuEq. The North Zone's mineralized zone is now confirmed to approximately 1,000 m in strike length. The Company aims to expedite completion of the ongoing drill program to support a Preliminary Economic Assessment.
Oroco Resource Corp. announced significant assay results from its drilling program at the North Zone of the Santo Tomas property in Mexico. A total of 35 holes have been drilled, confirming the historical 2009 Gradeshell model of Cu >0.30%. Key highlights include
- Drill holes N019, N021, and N024 showed significant results supporting prior assays.
- Drill holes N022, N023, N025, and N026 confirmed higher-grade mineralization.
- Drill hole N020 identified new mineralization areas.
The ongoing drill activities are expected to support a combined resource estimate for the North and South Zones.
Oroco Resource Corp. (OTC: ORRCF) has begun a Preliminary Economic Assessment (PEA) for the Santo Tomas Project in NE Sinaloa, Mexico. Ausenco Engineering USA has been appointed to lead the study, supported by SRK Consulting for an updated Mineral Resource Estimate (MRE) and Mining Plus for open pit design. The PEA completion is anticipated by Q2 2023. Additionally, the company is increasing its drilling capacity by mobilizing two more drill rigs, bringing the total to six for the North and South Zones. The project holds a significant copper deposit, with historical exploration dating back to 1968.
Oroco Resource Corp. (OTC: ORRCF) reports successful drilling results from the North Zone of its Santo Tomas property in Mexico, completing 18,136 m across 26 holes. The latest results show significant copper grades, with Hole N015 returning 292 m of 0.36% CuEq. Overall, the drilling confirms and expands on the historical Gradeshell model, indicating a broader deposit than previously estimated. The company plans further drilling to support a mineral resource estimate and aims to complete a Preliminary Economic Assessment in Q1 2023.
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