Oroco Resource Corp V.OCO

Alternate Symbol(s): ORRCF

Metals & Mining Industrial Metals & Minerals

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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Comment by ukermannon Oct 01, 2016 9:56pm

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Post# 25299181

RE:News: We Got Paid!!

So an update as an MD&A was published on Sedar the other day. Statement as follows:

As at September 26, 2016, the Company has as its main assets, the Xochipala Property, 6,915,250

shares of Goldgroup and over $2,000,000 in cash.

So counting the value of the shares as cash, 7 million @ $.32 market is about $1.7 mill (us), puts us around $4 million with no debt. That's .05 a share, (us), without any value for the property or royalty.
If we're not going to drill it, we should cut a deal with someone who will and leave a royalty stream attached. There's lots of good opportunities out there in the JR market and $4 mill can be put to work to grow the value here.

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