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

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Post by Chuburashkaon Dec 19, 2020 9:37am

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Post# 32146706

Mining Company Admits to Relationship with Mexico Org. Crime

Mining Company Admits to Relationship with Mexico Organized Crime (insightcrime.org)

Rob McEwen — the president and chairman of Toronto-based McEwen Mining Inc. — said his company has a “good relationship” with drug cartels in Mexico’s Sinaloa state, reported The Associated Press.

Discussing how violence and criminal groups affect his company’s work in Mexico, McEwen said, “If we want to go explore somewhere you ask [the cartels] and they tell you, ‘No.’ But then they’ll say ‘Come back,’ in a couple of weeks; ‘We’ve finished what we’re doing.'”

Mining Company Admits to Relationship with Mexico Organized Crime (insightcrime.org)

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