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Oroco Resource Corp V.OCO

Alternate Symbol(s):  ORRCF

Oroco Resource Corp. is a Canadian mineral exploration company focused on the assembly of mineral concessions which make up the Santo Tomas porphyry copper project in Sinaloa State, Mexico. The Santo Tomas project is a copper porphyry deposit defined by 106 diamond drill and reverse circulation drill holes totaling approximately 30,000 m.


TSXV:OCO - Post by User

Comment by Pepelepieuxon Jan 08, 2021 12:06am
263 Views
Post# 32251571

RE:RE:RE:RE:RE:RE:RE:RE:OCO short position - where is this info available?

RE:RE:RE:RE:RE:RE:RE:RE:OCO short position - where is this info available?


I agree that the timing of news is not as important now that the drilling is fully funded.

However, the timing of the first drill results may be close to the end of June. 

I assume that the Mexican offices for the permits open within 2 weeks (I have no idea.  They might have already opened for all I know!).

I assume that it might take another week to complete negotiations for surface rights and complete the applications for permits.  This gets the permit applications by the end of January (I would be thrilled if that happens, as everything slips in mining!)

I estimate that the government will take anywhere between 1-3 months to approve the permits.  This gets us to, let's say the end of April.  I have no idea how long it takes to drill a super long hole, so I will assume a couple of weeks.  Then they send the core to have it analyzed and that takes 6-8 weeks for a total of 10 weeks or let's say two months. So I expect the first drill results end of June.  Everything should happen much faster after that as they drill while analysis is happening, so there would be a more steady stream of results coming in.

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