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Bullboard - Stock Discussion Forum 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... see more

TSXV:OCO - Post Discussion

Oroco Resource Corp > How much success with the drill is already priced in?
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Post by coastalcopper on Jul 08, 2021 6:29pm

How much success with the drill is already priced in?

Given the prior drilling done here is there not an expectation that the new drilling should be really just confirmation of prior drill results and is therefore already baked into the price? Or is there going to be drilling on anything section of the property or resource expansion also underway? Thanks!
Comment by zins on Jul 08, 2021 7:58pm
There are a few areas that I don't believe are included in the current price.  1. North zone - The existing holes that will be reconfirmed to current day standards ended in mineralization. When OCO drills deeper in the North zone the size of the ore deposit will likely expand and with it the value of Santo Tomas. 2. Brasiles - Only 3 holes were drilled here and the results haven't ...more  
Comment by EStreet on Jul 10, 2021 12:55pm
4. Southzone - This area might have some upside as well but management seems focused on the North zone and Brasiles to start.  I do believe that the historical resource consensus was that the total resource numbers could easily be expanded by decreasing the spacing between the previous South Zone drill holes,,.  That and the deeper drilling of the higher grade zone in the North were ...more  
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