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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 calicheon Jul 10, 2019 2:59am
235 Views
Post# 29902331

The best assets attract the best people!

The best assets attract the best people!

Things are happening at a pace not seen at Santo Tomas in decades. Oroco has assembled many well known and very successful people in their own fields to bring Santo Tomas into the public eye at the time it will be valued most.

The news today of Mr. Mark Stevens joining the technical team is just the latest example of a world class deposit attracting some of the best people able to contribute to its success.  For those familiar with the investment world this is NOT the same as a “so so” company putting Mr. Big on the board for a little traction selling whatever widget they may produce.  The names that ST has attracted have already shown great success, several coming out of a very comfortable retirement to lend their expertise to the project.

The people added in the last few months compliment a management team that has done an exemplary job of leading the company through a tangled legal battle that could not have been imagined by most that heard the story.

The latest additions lean heavily toward the technical side recognizing the work ahead will be one of optimizing a database of information gathered over the last 40 years and advancing the project to “sale ready” status

Santo Tomas is an advanced project that was previously taken to the Pre feasibility stage.  They have 106 holes (30,000 meters) completed and a calculated resource showing over a billion tons of ore containing 8 billion pounds of copper metal. Those that have added their names to the project will bring this asset to full value and with it a massive share appreciation for Oroco and its longtime loyal shareholders. They have all done it before and know what it takes to do it again!

Ian Graham, Vice-President of Exploration –  Rio Tinto, Anglo American, projects  Resolution Copper (Arizona, USA), Diavik Diamond Mine (Northwest Territories, Canada), Eagle Nickel (Michigan, USA),

Ken Thorsen, Senior Technical Advisor – 1998 became President of Teck Exploration Ltd., in charge of exploration and administration of exploration in 17 countries.

John C. Thornton, Consulting Mining Engineer – Amax Technical Services group – ore resource and mine design, operations research, and major project management services and oversight.  Chief Consulting Mining Engineer for Mintec, Inc., then the largest supplier of geological and mining software in the world. Projects  include the development of a 200,000 TPY SX-EW copper operation at Tenke Fungurume.

Charles Magolske, Vice President Corporate Development – Vice President – Corporate Development & Marketing at Augusta Resource’s Rosemont Copper project until its acquisition by Hudbay in 2014 for USD $555 million.

Mr. Mark Stevens, C.P.G., Technical Consultant formerly the V.P. Exploration for Augusta Resources, whose primary asset was the world class Rosemont Copper Project in southern Arizona

Gordon Blankstein, Senior Business Advisor – Gordon Blankstein is a highly experienced corporate finance professional with extensive knowledge of capital markets and M&A. He has raised over $2-billion dollars for junior and mid-tier companies, which were eventually sold to industry majors.

 


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