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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 calicheon Feb 26, 2018 4:22pm
96 Views
Post# 27623667

Mex gov was ready to develop Santo Tomas

Mex gov was ready to develop Santo Tomas
Mexican government supports Santo Tomas development
 
 
The government of the state of Sinaloa, Mexico has agreed to provide the required infrastructure to support the Santo Tomas copper/gold/silver project. Estimates indicate that the value added will exceed US$25 million and significantly enhance the economics of the mine. Agencies representing road construction, electrical power, telephone and housing have been mobilized to study the requirements and submit their cost analyses to the governor's office in Culiacan, Sinaloa over the next four weeks.
 
Annual production of copper/gold/silver based on a 120,000 tonne per day mining rate will be 138,000 tonnes copper, 69,000 ounces gold and 2,300,000 ounces silver. Geologic reserves presently exceed one billion tonnes, grading 0.33% Cu and the deposit remains open on strike and at depth.

i think they will be keen to get this project back on track!
Bullboard Posts