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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
Comment by calicheon Jun 13, 2018 3:05am
180 Views
Post# 28163705

RE:Re: very few projects....

RE:Re: very few projects....With the increased demand for copper from infrastructure projects in india and china and the green revolution , electric cars and wind power existing copper resources can not make up the diffrence.  there have been very few large copper deposits discovered with decent grade in the last number of years that can be put into production and copper will be in deficit.

those factors will put a premium on very large tonnage copper deposits of which santo tomas is one.

you can find similar deposits but many have problems.. water social etc.. 

once you remove those from the equation santo tomas looks even better.

Oroco is negotiating to gain majority interest in a company that owns the deposit pending the outcome of certain legacy legal issues from a previous optionee who did not fulfill his obligations

when that happens OCO share price should re adjust quite quickly


  


Bullboard Posts