Oroco Resource Corp V.OCO

Alternate Symbol(s): ORRCF

Metals & Mining Gold

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 > Weekend thoughts.

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Comment by ukermannon Nov 15, 2020 6:59pm

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Post# 31903963

RE:RE:RE:RE:RE:Weekend thoughts.

A $7-$8 doller buyout could very well be in the cards if the grade in the North Zone along with the Brasiles Zone comes in @ 1% or better. Add some depth to that, and the game changes. Billions of additional lbs at a high grade allows the buyer to get a much faster return on their investment, allowing the remaining life of mine to operate, and here we're talking decades, at cost. The initial $ layout having long been repaid, brings a project like this high on every majors Xmas list.

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