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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Comment by MariuszSkoniecznyon Mar 08, 2020 9:05pm

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Post# 30781541

RE:RE:Does Oroco has gold?

1.5 million gold ounces
12 month increase in gold price = $400

This is $600 million of extra revenue for the entire deposit.

I think gold is going much higher because the governments will stimulate like crazy to fight the economic slowdown caused by the coronavirus.

If the gold majors are looking to add copper deposits into their portfolios, then they will be swimming in cash to do deals. I hoped that they acquire copper deposits versus chasing gold deposits which will be getting more and more expensive each day as gold soars.

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