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 Feb 04, 2018 12:29pm

82 Views

Post# 27499215

RE:How is this possible

Your point is well taken. The truth of the matter is the markets reaction to the news would initially be euphoric, then settle down to reality. While a project this size would most likely require a partnership, it would need a fair amount of drilling to prove up the concept. Lots of work would need to get it there, and I don't see OCO being the developer of the parcel, but more like the broker. Just the same, it would bring value to the company, who at the proper time, could pull the trigger and sell it off to a major like Southern Copper or FCX. Might even get the Chinese interested....

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