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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 jwall34on Feb 22, 2021 2:44pm
222 Views
Post# 32628241

RE:RE:Nice breakout,,!!

RE:RE:Nice breakout,,!!The 3DIP results didn't give much of a boost because, in my opinion, the people that were watching for the press release already owned the stock. The first 3DIP release in November likely brought in new investors, however this round, while great news, didn't have the same effect. I'm fine with that; the short term price action isn't a huge deal if the target is the eventual buyout price.

With copper prices exploding, we're seeing a "rising tide lifts all boats" effect, whereby anything close to the copper sector is being bid up, which rightfully benefits Oroco. The next major catalyst will be the announcement of drill permits, which I believe will bring a fresh round of new investors into the company, similar to the effect the first 3DIP results had.
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