Welcome to our dedicated page for Oroco Resource news (Ticker: ORRCF), a resource for investors and traders seeking the latest updates and insights on Oroco Resource stock.
Oroco Resource Corp. (OTCQB: ORRCF; TSX-V: OCO) generates news primarily through its work on the Santo Tomás copper project in northwestern Mexico and related corporate and financing activities. This news page aggregates company announcements so readers can follow how Oroco advances its mineral projects and manages its capital structure over time.
Company releases describe ongoing technical work at Santo Tomás, including historical and recent drilling, resource estimates, and engineering studies that led to a revised Mineral Resource Estimate and an updated Preliminary Economic Assessment filed in August 2024. Oroco also reports on strategic studies, such as its engagement of Whittle Consulting Ltd. to conduct a Strategic Option Study intended to guide mine planning and pre-feasibility work.
In addition to project updates, Oroco’s news flow includes information on financings, such as non-brokered private placements and a bought deal public offering of units composed of common shares and common share purchase warrants. These announcements outline the structure of the offerings, use of proceeds for drilling and study work at Santo Tomás, and regulatory steps like filing a base shelf prospectus and prospectus supplements.
Readers will also find corporate and governance developments, including board appointments that bring additional mining and regional experience to the company, as well as shareholder engagement events such as virtual town halls providing updates on management, permitting, community engagement, and project advancement.
By reviewing this news feed, investors and stakeholders can see how Oroco communicates progress on its copper-focused projects, responds to regulatory milestones such as environmental resolutions from SEMARNAT, and pursues district-scale exploration opportunities like the Vainilla Mineral Concession option.
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.
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