About Oroco Resource Corp.
Oroco Resource Corp., headquartered in Canada, is a TSX.V listed company (CA:OCO, USOTCQB:ORRCF) that controls the Santo Tomás porphyry Cu-(Mo-Au-Ag) deposit located in coastal NW Mexico, 160KM east of the port of Topolobampo.
Santo Tomás is a large, Laramide-age porphyry copper deposit (with associated Au-Ag-Mo) situated at a low elevation, with excellent access to nearby infrastructure. The deposit was defined after approximately 30,000 meters of reverse circulation and diamond drilling in over 90 holes, completed between the 1970s and mid-1990s, Santo Tomás was positively scoped at a Pre-Feasibility level for a mining operation producing approximately 125,000 tonnes of copper per annum in a 28% Cu concentrate.
The economic assessment by Bateman contains favourable metallurgical test results and engineering designs that remain broadly acceptable today. However, the Company considers thee historical economic studies and associated mineral resource estimates to be only conceptual in nature until confirmed by current technical standards.
In Q3 2020, Oroco commenced subsurface exploration at Santo Tomas, initially with a 3D Induced Polarization Survey (3D IP) that has been followed by a diamond drilling program since mid-2021, with some 37 holes completed by September 2022. The Company has scaled up drilling commencing in August 2022, and Oroco is aiming to update the historical resource in Q1 2023, and commenced a PEA program in August 2022 with the aim of completing that study by Q2 2023.
The Oroco team, with CEO Richard Lock and President Ian Graham, formerly colleagues at Rio Tinto at the Diavik and Resolution Copper projects, have assembled a strong PEA consulting team behind the Oroco technical resource team. The Company’s management has been active in the mining markets, and has raised +$50M CAD since 2019 for the Santo Tomás project.
To learn more about Oroco Resource Corp., go to https://orocoresourcecorp.com/
To learn more about the activity in the Mexico area, go to https://digigeodata.com/area/mexico/