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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.


TSXV:OCO - Post by User

Oroco Resource Corp
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Post by NeftyIvanon Jul 01, 2023 10:31am
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Post# 35523558

QUESTION: INSIGHTFUL or FEAR-MONGERING HYPERBOLE?

QUESTION: INSIGHTFUL or FEAR-MONGERING HYPERBOLE?[Original full article is linked here: https://www.reuters.com/markets/commodities/world-faces-terrifying-future-if-miners-regulators-dont-step-up-newcrest-2023-06-29/]

World faces 'TERRIFYING' future if miners, regulators don't step up, Newcrest says
Reuters
June 29, 20232:06 PM EDTUpdated 2 days ago

BRISBANE, June 29 (Reuters) - Regulators urgently need to fast track approvals for new mines and the renewable energy projects to power them to ensure the supply of minerals essential to averting climate change, gold miner Newcrest's (NCM.AX) interim head said on Thursday.
 
"We are urgently off course and we need to course correct immediately," Sherry Duhe, interim CEO of Australia's top gold miner and a former oil industry executive, told a mining conference in Brisbane.
 
By 2050, the mining industry needs to bring online the equivalent of 17 more Escondidas, the world's biggest copper mine ... in order to meet demand projections, she said as an example of the scale of the problem. [Access remaining portion of article via link provided above.]

TIA.
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