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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
Post by ukermannon Nov 23, 2016 8:56pm
109 Views
Post# 25506055

The Bridesmaid Could Be The Winner

The Bridesmaid Could Be The WinnerSo I'm watching the Kirkland Lake/Newmarket merger unfold, I see the counter offer of Gold Fields/ Silver Standard being pulled. Each deal either way involves over a Billion $$. Lot of money! So I'm thinking, if Kirkland and Newmarket merge, where does that leave the other two. The answer might be Silver Standard buying Goldcorp's Los Filos! They, S.S, have done this before, as a matter of fact with Goldcorp and Barrick. In 2014, they bought Marigold from those guys for about $225 mill. Marigold still had approx 2 million ounces in it, over a remaining 9 year life. A steal at $125 per ounce, mill included. Marigold is a high volume low grade op similar to Los Filos. Los Filos has about 5-6 years left in it with about the same 1.6-1.7 million ounces low grade high volume similarities. Goldcorp is a very motivated seller wanting this off the books before the year is thru. So, we can soon have a new neighbor, and somebody who will be looking for more rock, as in Ore-rock-o...for 2017....
Bullboard Posts