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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

Comment by auricgoldon Jan 24, 2021 11:34pm
213 Views
Post# 32372940

RE:RE:"Update coming in the "Near Future",,."

RE:RE:"Update coming in the "Near Future",,."I personally think that we will not get any real update now till next month. They are still working on 3DIP. Then you have more to cover, so by the time all the data is out, could be late March. Then you need permits and access to all the land. I understand access is not full granted to all the zones and they are working on it. I personally do not see permits issued before April or May. However, after permits are issued, it will be drilling time till Dec 10th when Mexico shuts down again for 5 weeks. I have to say I am a bit surprised that there is no news yet from the late December data crunch, but maybe it will come this week, of not its on to February. Most mining stocks are a bit dead during winter anyhow. April is the season when they all drill and wake up and issue plenty of news. However, we are in a different situation, as Mexico is not under a ice sheet in winter! We just need to get all the 3DIP data, access to all the zones in order to have permits issued for drilling, and then once we drill, wait 4 to 8 weeks for results, and ONLY THEN we will know what we have underground!!!

mahu1982 wrote: yeah I'd agree. Probably means lots of good data and it took a while to consolidate it with the historical data to produce ao shiny 3D profile maps. Hopefully update soon. In the meantime I take 2-3% increases in stick price each week. ;-)


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