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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 thereaderon Jul 13, 2019 3:48pm
196 Views
Post# 29917185

A BIG ENDORSEMENT!

A BIG ENDORSEMENT!
Ceasars Report is the work of one of the most disciplined, thorough, and capable guys in the newsletter business. He would have done a lot of dd before writing this.... https://www.caesarsreport.com/blog/mark-stevens-joins-the-forces-at-oroco-resource-corp-as-consultant/ Oroco Resource Corp. (OCO.V) isnt wasting any time since winning the court ruling giving it the rights to earn an initial stake of 81% in the Santo Tomas copper porphyry project in Mexico. Considering this is one of the largest copper projects in the world (the company is awaiting an updated technical report but historical reports indicated the project already hosts 1-1.5 billion tonnes of rock at an average grade of around 0.3-0.35% copper (with a higher grade core area of a few hundred million tonnes at 0.5%), making it a project we are sure a lot of people are interested in working on. Perhaps the engagement of Mark Stevens isnt a surprise as the Rosemont project he used to work on shows a lot of similarities with Santo Tomas (although the latter has higher recovery results), and his expertise will be very welcome to continue to advance Santo Tomas towards a fully compliant resource estimate and a Preliminary Economic Assessment. We have met with the Oroco management numerous times to make sure we fully understand the potential of the property as well as the earn-in deals and we have been working on a back of the envelope economic model based on the inputs of the Rosemont Feasibility Study that was filed by HudBay Minerals last month. The author currently has no position in Oroco Resource Corp but plans to initiate a long position.
Bullboard Posts