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 MariuszSkoniecznyon Sep 29, 2018 9:08am

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Post# 28714207

This is a Game Changer

This is a huge game changer. For a year, I kept hearing doubts as to how could a small company like Oroco could acquire a world class copper asset. Now Oroco owns 65 percent of main Santo Tomas concessions and can earn up to 87.5 percent with incremental spending. With the 77.5 percent ownership in Papago 17, the think the combined ownership of Santo Tomas is 57 percent at the moment and can go up to 81 percent after incremental spending.

Now the focus can shift from "Do they own the asset" to "What is it worth today and after various milestones"

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