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 Tomás, initially with a 3D Induced Polarization Survey (3D IP) to be followed in 2021 by a diamond drilling program. The 3D IP survey is ongoing and expected to conclude by year-end 2020. The planned drill program encompasses the confirmation of a historically defined coherent higher-grade core of outcropping mineralization that is large enough to ensure favourable start-up economics as Santo Tomás.
Oroco, headed by President, Ian Graham, has assembled a highly skilled team with extensive experience in discovery, development and operations in the mineral sectors