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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 Pepelepieuxon Aug 12, 2021 7:58am
307 Views
Post# 33690505

RE:Oroco Update by Ian Graham

RE:Oroco Update by Ian GrahamWow!  That's fantastic news!  Ian dropped so many hints, he just about told us what's going on without getting in trouble with the SEC!  If I am to read those hints together, here are my thoughts about what this means:
1) We know the historical drilling stopped at 200 meters.
2) Mariusz and Ian said that if they stop seeing copper they just drilled, as further drilling just wastes $.
3) We now know that they are drilling at 50 meters a day, have been doing it for 12 days, which means that they are getting close to 600 meters. 
4) 1 + 2 +3 = They are still seeing copper at 600 meters and they are still drilling. So they already expanded the resource from 200 to 600 meters. To be fair it is not all in depth but part of it is sideways, but they are still drilling.  Frankly I no longer give a damn about what the price of the stock is doing. I hope the price stays low until I can sell other stocks to raise $ to buy more shares.  They don't need much drilling for people to realize that the historical drilling is reliable.  Once people believe that, the stock should get much higher.
 
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