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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
Comment by BullStockingtonon Dec 06, 2019 2:14pm
109 Views
Post# 30429889

RE:Will 2020 see copper move........?

RE:Will 2020 see copper move........?Yup great points.

On the overall copper market side, we've seen recent strong US jobs data and China factory numbers which points to growth picking up again if that continues then the price should pick up significantly considering how weak the supply side is. And smelter demand is already hinting to that(https://www.reuters.com/article/metals-copper-ahome/rpt-column-copper-smelters-feel-the-squeeze-as-mine-supply-falters-andy-home-idUSL8N28D3TD). Obviously global trade will play a huge part and there seems to be a lot of optimism about at least a phase 1 deal which is a good sign but can't be taken too seriously until pen actually meets paper with the amount of flip flopping going on between a deal is imminent and there may be no deal altogether,

In terms of OCO, waiting is tough but once we get registration out of the way (hopefully next couple weeks before christmas shutdown or in jan) we need to get drills in the ground to reconfirm the core area and see how much deeper mineralization goes, raise some money and then do some more expoloration drilling to test the underexplored areas. If all that goes well, and we're in a rising copper price market, we might not be around long enough to do a pre-feas but one step at a time :)
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