Oroco Resource Corp V.OCO

Alternate Symbol(s): ORRCF

Metals & Mining Gold

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.

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Oroco Resource Corp

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Post by Fischlaenderon Mar 03, 2016 9:09am

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Post# 24616414

GGA News yesterday

Overall quite positive for OCO:

1) Credipresto loan agreement fixed and GGA can draw down with a delayed repayment schedule;
2) Aptus LOI cancelled, where they had thought of selling a the Caballo Blanco contingent consideration well below value;
3) Cerro Prieto shaping up nicely, finally.

That means, either way if OCO gets paid in shares GGA's share price should appreciate the news or GGA's liquidity is improved so we can get payment in cash.

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