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 > OCO short position - where is this info available?

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Comment by Pepelepieuxon Jan 08, 2021 12:06am

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Post# 32251571

RE:RE:RE:RE:RE:RE:RE:RE:OCO short position - where is this info available?

I agree that the timing of news is not as important now that the drilling is fully funded.

However, the timing of the first drill results may be close to the end of June.

I assume that the Mexican offices for the permits open within 2 weeks (I have no idea. They might have already opened for all I know!).

I assume that it might take another week to complete negotiations for surface rights and complete the applications for permits. This gets the permit applications by the end of January (I would be thrilled if that happens, as everything slips in mining!)

I estimate that the government will take anywhere between 1-3 months to approve the permits. This gets us to, let's say the end of April. I have no idea how long it takes to drill a super long hole, so I will assume a couple of weeks. Then they send the core to have it analyzed and that takes 6-8 weeks for a total of 10 weeks or let's say two months. So I expect the first drill results end of June. Everything should happen much faster after that as they drill while analysis is happening, so there would be a more steady stream of results coming in.

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