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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 FrozenInOntarioon Dec 08, 2021 12:28pm
222 Views
Post# 34210905

RE:RE:RE:RE:RE:RE:RE:RE:RE:Very near futur

RE:RE:RE:RE:RE:RE:RE:RE:RE:Very near futurI kinda like Oroco management.   So far, they have done what they said they would do.  There were delays but this was more than understable when you are expecting a judgement, a title transfer, even some permits.
However, I am a bit puzzled by the latest delays :  a drill stucked in customs for a couple of months (really ???) and now this very near futur.   I understand that labs are backed up (Any publicly traded small cap in that sector please ?).   However, the labs are not government owned and should be able to provide a target date to a client, and be held to it.
Unless they have the results as mentionned before and they have been working on a NR with QC with a QP.
There is another element that is waiting for QC/QP or whater Q is missing.   No news release have been issued on the helicopter mag survey that was done in January.   This is more than surprising also.    Unless the results are not material.
So, while the disciples of the cheerleader in chief who does not like mining (quite silent isn't he) are probably selling to buy whatever he is recommanding, we wait.
My kid brother is pretty sure that a major is kicking the tires which would explain the delays as they assess the aerial survey as well as the assays.   Who knows, it might explain the delay with the drill.   Maybe, Maybe not.    Would have expected a pop in the stock but this can be kept quite secret.
GLTA

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