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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.


TSXV:OCO - Post by User

Oroco Resource Corp
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Comment by ukermannon May 04, 2019 8:43pm
203 Views
Post# 29711551

RE:RE:RE:RE:RE:RE:RE:Oroco Stock is Halted

RE:RE:RE:RE:RE:RE:RE:Oroco Stock is HaltedA couple of weeks ago, there was talk about some "visitors" walking the property. It could be that these folks heard and saw enough that they want to get a first-row seat to what, when formally announced legalities are cleared, they already have a 19.9% stake, with options in place to own more as monies will be needed for advancement of the property. We see this all the time in the JR space. Get in early, on the cheap, get a couple of board seats to protect your investment, and if it don't work out for you, the other guy buys you out as well. Little downside for what in the end at this stage is pocket change for any of the big boys. With about 100 million shares outstanding, a 19% stake @ say $.45 a share is $9 million? Peanuts to a Groupo or FCX.....Monday should be interesting.....
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