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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Post by calicheon Aug 02, 2018 3:23pm

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Post# 28406403

another one gone

these deals reinforce my belief we are in a perfect storm for large scale long life deposits like santo tomas.. OCO will be handsomely rewarded for its efforts and we will all prosper

KAZ Minerals announces that it has agreed to acquire the Baimskaya copper project in the Chukotka region of Russia for $900 million in cash and shares, comprising Initial Consideration of $675 million and Deferred Consideration of $225 million.

Globally significant copper project

Baimskaya is one of the world’s most significant undeveloped copper assets with the potential to become a large scale, low cost, open pit copper mine
JORC resources of 9.5 Mt of copper at an average grade of 0.43% and 16.5 Moz of gold at an average grade of 0.23 g/t
Average annual production over first ten years of operations expected to be 250 kt copper and 400 koz gold, or 330 kt Copper Equivalent Production1, with a mine life of approximately 25 years, first quartile operating costs and higher grades in the first ten years of operations
Pre-feasibility study completed by Fluor
Capital expenditure to develop the mine estimated at $5.5 billion2, subject to feasibility study
Located in a region identified by the Russian Government as strategically important for economic development, Project expected to benefit from state infrastructure development and tax incentives
Development strategy, including financing and potential partnering options, to be finalised during feasibility study
Significant NPV uplift expected at an attractive IRR