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Oroco Resource Corp V.OCO

Alternate Symbol(s):  ORRCF

Oroco Resource Corp. is a Canadian mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties in Mexico. It holds a net 85.5% interest in those central concessions that comprise 1,173 hectares (ha) (the Core Concessions) of The Santo Tomas Project, located in northwestern Mexico. It also holds an 80% interest in an additional 7,861 ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project hosts a large, outcropping porphyry copper deposit comprised of fracture-hosted and disseminated copper and molybdenum sulphides with significant gold and silver credits. Its Xochipala Property is comprised of the Celia Gene (100 ha) and the contiguous Celia Generosa (93 ha) concessions. Its Salvador Property is a 100-hectare mining concession, which lies around 25 kilometers (kms) to the west of the Xochipala Property and 30 kms west of Chilpancingo, Guerrero.


TSXV:OCO - Post by User

Bullboard Posts
Comment by sampoon Mar 26, 2012 11:54am
261 Views
Post# 19717960

RE: Pinetree Loves Oroco

RE: Pinetree Loves Oroco

dr_airtime,

good to see that Pinetree continues to invest in Oroco. this company is still relatively unknown to many, but once they secure financing via the gold loan this stock could see a significant jump.

it would seem the company needs to fulfil some technical milestones before the investors they are talking with will finance the entire capital cost ~$20M, so let's hope the recent private placement provides Oroco with the immediate funds needed to complete the milestones required to get Red Kite (or another institution) to take care of the capital costs to build the mine.

my hope would be that this doesn't get dragged out too far into Q2 and that we see some news in April or May timeframe. i understand given the lack of a PFS or FS that institutional investors want some additional assurances on the deposit, so let's hope the additional required work is just a matter of time and doesn't raise any previously unknown issues.

sampo

Bullboard Posts