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 > Verklempt

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Comment by jwall34on May 04, 2022 3:50pm

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Post# 34656287

RE:RE:Verklempt

>They just gave tons of stock options and bonuses to the management. Do they still have money for drilling?

My god the stupidity on this board sometimes. Why are you even commenting if you clearly know nothing about the company.

The 3 month delay in drilling was due to the private placement blackout. This was explained.

Options were restructured, which does not take money out of the treasury. Also if you knew how an option worked, you would know that it gives someone the right to PURCHASE the stock at the strike price. It does not entail the company giving them money. Quite the opposite actually.

FFS.

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