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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 thereaderon Mar 19, 2018 6:23pm
145 Views
Post# 27742926

Oroco is positioned to.....

Oroco is positioned to.....https://ceo.ca/@Newton/ancient-history-of-santo-tomas-before-oroco-resources-oco


Exall did careful work on Santo Tomas under leadership of CEO Steve Roman, son of a Mining Hall of Famer, but the wind went out of their sails with weakness in copper markets following the 1995 Sumitomo scandal and then the Bre-X scandal in 1997. They did a good job, but the project was lost to public markets after ownership shifted to a private company around 2001.

Santo Tomas was subject to reliable work by competent parties when it was owned by Exall, but this is not to be relied on now in the age of NI 43-101. With the historical resource estimates and pre-feasibility studies described above,  Oroco Resources is positioned to do some meaningful work on Santo Tomas immediately as they bring the project back to public markets that are getting desperate for large copper exploration and development projects.

Bullboard Posts