Oroco Resource Corp. (TSX-V:OCO), founded in 2006, is a Canadian mineral exploration company with a history of and expertise in the development of resource opportunities in Mexico. Oroco is led by a management team with significant experience in exploration, discovery, development and operations in the mineral sector.
Oroco’s focus is the assembly of the mineral concessions which make up the Santo Tomas porphyry copper project in Sinaloa State, Mexico. To date, Oroco has formally acquired a controlling interest in three mineral properties that abut and surround the concessions which cover the known core of the Santo Tomas mineralized structure and has entered into an exclusive option agreement to acquire the entity that controls the core concessions. See Oroco’s news release of October 9, 2018.
The Santo Tomas project is a copper porphyry deposit defined by a total of 106 diamond drill and reverse circulation drill holes, totalling approximately 30,000 m. In July of 1994, Bateman Engineering Inc. conducted an economic assessment of the Santo Tomas project based on technical work by a team that included Mintec, Inc., Mountain States Research and Development, Inc., and Minetek S.A. de C.V. Bateman completed this study, termed “Santo Tomas Project, Sinaloa, Mexico, Pre-Feasibility Study.”
The economic assessment by Bateman contains favourable metallurgical test results and engineering designs that remain broadly acceptable today. However, the Company considers these historical economic studies and associated mineral resource estimates to be only conceptual in nature until confirmed by current technical programs.