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 > Another Raise Following Drill Permits

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Comment by auricgoldon May 17, 2021 2:52pm

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Post# 33215365

RE:RE:RE:RE:RE:RE:RE:Another Raise Following Drill Permits

Overtune, I dont know, I am assuming drilling. First i heard 30 to 40 mill will do the trick, now I hear AnOTHER 30 million. The property IS LARGE so I am not surprised. The more we drill with high tech equipment, the more we can unlock the potential for a buyer eventually. I am definitely not against rasing more cash. My point was to wait till drilling, which they will because the institutions already are telling them they want to see something first, and then raise 50 million if you want at 4 to 5 bucks. No issue there. By the looks of it, we will not be raising under 4$. So by the time drill results come in, we should be at a 5$ floor in my optinion and then it makes sense to raise so we go to 10$+