Bullboard - Stock Discussion Forum 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... see more

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Oroco Resource Corp > Does change in Governorship in Sinaloa affect Oroco permits?

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Post by coppermonster on Jun 07, 2021 3:23am

Does change in Governorship in Sinaloa affect Oroco permits?

Looks like we have a change in party in Sinaloa in today's elections. No change in Chihuahua.
https://www.infobae.com/america/mexico/2021/06/07/eleccion-en-sinaloa-ruben-rocha-moya-candidato-de-morena-lleva-ventaja/

Anyone know if this has any impact on Oroco drill permit or future operations?

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Comment by jmsims2 on Jun 07, 2021 10:29pm

Not sure about Sinaloa specifically, but overall, AMLO lost seats from my reading. I'm assuming that's a positive. Remains to be seen about the local level. Hopefully we hear something soon.

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Comment by caliche on Jun 08, 2021 7:01pm

governors are innagurated dec 1st with permits expected any time now OCo will be well into drilling before anything changes and i dont expect anything will change with amlo losing power federally..overall a good outcome for mining in mexico investment dollars will be leaving peru for a while so it looks like the universe of acquirers has become even larger since they wont be keen to put billions ...more

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