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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

Post by Ismailon Nov 17, 2021 8:08am
307 Views
Post# 34135171

OROCO COMMENCES DIAMOND DRILLING AT BRASILES ZONE

OROCO COMMENCES DIAMOND DRILLING AT BRASILES ZONE

OROCO COMMENCES DIAMOND DRILLING AT BRASILES ZONE

Vancouver, Canada, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the start of diamond drilling at the Brasiles Zone (“Brasiles”) of its Santo Tomas Project in Mexico. Brasiles potentially represents the northern extension of the mineralization in the Santo Tomas North Zone and is comprised of two very broad, sub-parallel, exploration targets. The drilling at Brasiles is supported from the Company’s new 28-person Brasiles exploration camp and its custom-built Hydracore 5000 Max diamond drill.

The first hole underway at Brasiles targets a prominent NE striking, chargeability-high, resistivity-low response (the “Brasiles Target”) identified by the Company’s 3D-IP survey (see the Company’s June 2, 2021 News Release), which extends from the North Zone to and beyond the prominent gossan of the Brasiles Zone.

The second Brasiles target (Brasiles West) is represented by a blind chargeability-high feature located west of and sub-parallel to the Brasiles Target. The Brasiles West Target is overlain by a blanket of meta-limestone and young, post-Laramide age conglomerates.

The Company has also commenced drilling ST-010, the 10th hole collared in the North Zone. Hole ST-005 was terminated at 37.5m owing to instability in the host rock and was re-collared as the now completed ST-006. The Company has drilled over 6,600m in North Zone of the Santo Tomas Project since the commencement of drilling at the end of July of this year.

The Company expects to be able to release Cu-Mo-Au-Ag assays for the first three holes in the North Zone (ST-001, ST-002 and ST-003) in the very near future.


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