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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 NeftyIvanon Aug 01, 2021 9:32pm
253 Views
Post# 33639011

RE:RE:Generalities regarding timing of core, assay, 3D model, etc

RE:RE:Generalities regarding timing of core, assay, 3D model, etcpullsea, thanks for the info; from the horse's mouth, so to speak.

To investigate the info that you relyed a bit further --- and whether, in your conversations with the company contacts, anything was mentioned regarding the total coring program duration --- I used your numbers to derive a basic arithmetic estimation:

[1] assuming 3 rigs: each averaging about 120m/d, where I will assume a total coring program estimate --- in line with what Adam, on more than a few ocassions, mentioned --- of approximately 125,000, more or less, total meters ... will lend itself to an estimated coring program duration of 347 days; essentially, one year.

[2] assuming 6 rigs: this will lend itself to an estimated coring program duration of 174 days; or, half a year.

Does this simple estimate of total coring schedule duration jibe --- or not --- with what your company contacts mentioned?

PS: while admitting to my shortcomings regarding direct experience with hard rock coring, IMO it is better to start out a project of this magnitude with fewer rigs, so as to let the company geological-engineering crew and core warehouse personnel get up to speed --- not to overwhelm them, especially with their dealings with the core drillers and the assay lab --- and, only later, as most major things get sorted out, to then increase the number of rigs.

Further, with a program of this magnitude, it would not be at all unusual to encounter some "surprises": some good and others not so good; including good rigs and bad rigs, good drillers and bad drillers, and etc.

I assume this, in many ways, will be a very dynamic process; where, fortunately, I believe that the investors have, in the experienced hands-on company management, personnel to handle any such situations.
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