Topolobampo

OROCO EXPANDS NORTH ZONE DRILLING

Retrieved on: 
Monday, November 28, 2022
QA/QC, NW, AAS, Topolobampo, Molybdenum, Project, TSX Venture Exchange, Natural gas, Santo Tomás District, ALS Limited, Legislation, Data verification, Total, Jinchuan, Gold, Sample, AG, News, Diamond, ALS, Technical report, Disclosure, Oil, Pacific Ocean

The Company has now completed 43 drill holes (28,119 m of drilling) in its 2021-2022 North Zone drilling confirming good grade mineralization along 1,700 m of strike, demonstrating a westward dipping panel with consistent grades down-dip to about 400-500 m depth below the ridge, bottoming about sea level.

Key Points: 
  • The Company has now completed 43 drill holes (28,119 m of drilling) in its 2021-2022 North Zone drilling confirming good grade mineralization along 1,700 m of strike, demonstrating a westward dipping panel with consistent grades down-dip to about 400-500 m depth below the ridge, bottoming about sea level.
  • Importantly, the drill program has confirmed and expanded a zone of shallow-seated higher-grade mineralization extending down the central spine of the North Zone that is amenable to early year, low strip, open pit mining and delineated a mineralized hanging wall zone to the west of the Gradeshell that comes close to surface under the Santo Tomas ridge.
  • The Companys 2022 South Zone drill program includes 18 holes that are expected to be completed by the end of November, with 13 holes (7,964 m of drilling) completed to date.
  • Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.

OROCO EXTENDS STRIKE WITH SOUTH ZONE DRILL SUCCESS

Retrieved on: 
Thursday, November 10, 2022
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The Companys 2022 South Zone drill program includes 12 holes that have been completed to date.

Key Points: 
  • The Companys 2022 South Zone drill program includes 12 holes that have been completed to date.
  • The Company anticipates completing the remainder of the South Zone program by the end of November.
  • Historical drilling has sparsely tested an additional 600m of North Zone strike length south of N020, which is the most southerly North Zone drill hole for which the Company has assay results.
  • Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.

OROCO EXPANDS NORTH ZONE MINERALIZATION AND CONFIRMS HIGHER GRADE

Retrieved on: 
Tuesday, October 4, 2022
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The commodity prices (3-year Average) used are in $US: Cu $3.20 /lb, Mo $12.00 /lb, and Au $1,650.00 /troy oz.

Key Points: 
  • The commodity prices (3-year Average) used are in $US: Cu $3.20 /lb, Mo $12.00 /lb, and Au $1,650.00 /troy oz.
  • To date, the program has confirmed good grade mineralization in a gently north-plunging panel along the Santo Tomas ridge, extending 1,300 meters along strike at surface.
  • This area of the North Zone is prospectively of greater width and depth than the historical modeling and the Company intends to drill it with regular spacings to potentially establish a mineral resource in this area.
  • Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.

OROCO COMMENCES PEA AND MOBILIZES MORE DRILLS

Retrieved on: 
Tuesday, September 20, 2022
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The PEA is expected to be completed by the beginning of Q2 2023.

Key Points: 
  • The PEA is expected to be completed by the beginning of Q2 2023.
  • Richard Lock, CEO, commented: The PEA and updated MRE will represent an important foundation for the intended future sale of the Project.
  • The objectives of this Phase are to optimize mining and processing parameters by evaluating various business cases for the Project before proceeding to the PEA.
  • Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.

OROCO SUCCESSFULLY TESTS WESTERN SIDE OF NORTH ZONE

Retrieved on: 
Wednesday, August 24, 2022
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Drill Holes N015 to N018 test the North Zone deposit perpendicular to its structural attitude.

Key Points: 
  • Drill Holes N015 to N018 test the North Zone deposit perpendicular to its structural attitude.
  • Assay results and cross-sections through the first eighteen North Zone drill holes (13,343 m of drilling) are available at the Companys website .
  • In context, the results of N017 at the current southern extremity of the North Zone drill program, N018 at the center, and N016 at the northern end, demonstrate newly discovered shallow-seated mineralization located westward and in the hanging wall of the main North Zone deposit, indicating a broader North Zone deposit extending further westward and much closer to surface than previously modelled.
  • Definition drilling of newly discovered shallow-seated mineralization located westward and in the hanging wall of the main North Zone deposit.

OROCO RESUMES DRILLING AT SANTO TOMAS

Retrieved on: 
Tuesday, July 5, 2022
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Vancouver, Canada, July 05, 2022 (GLOBE NEWSWIRE) -- VANCOUVER, Canada Oroco Resource Corp. (TSX-V: OCO; OTC: ORRCF) (Oroco or the Company) is pleased to announce that it has resumed its drilling operations at Santo Tomas as the Federal military operations in the area have ended.

Key Points: 
  • Vancouver, Canada, July 05, 2022 (GLOBE NEWSWIRE) -- VANCOUVER, Canada Oroco Resource Corp. (TSX-V: OCO; OTC: ORRCF) (Oroco or the Company) is pleased to announce that it has resumed its drilling operations at Santo Tomas as the Federal military operations in the area have ended.
  • The Project is situated within the Santo Tomas District, which extends from Santo Tomas up to the Jinchuan Groups Bahuerachi project, approximately 14 km to the northeast.
  • Santo Tomas hosts a significant copper porphyry deposit defined by prior exploration spanning the period from 1968 to 1994.
  • Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.

BRASILES DRILLING TESTS THE NORTHWARD EXTENSION OF THE SANTO TOMAS NORTH ZONE - UPDATED

Retrieved on: 
Thursday, June 23, 2022
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Most significantly, Brasiles West Zone has strong geological similarities to the North Zone, if somewhat attenuated.

Key Points: 
  • Most significantly, Brasiles West Zone has strong geological similarities to the North Zone, if somewhat attenuated.
  • The major Santo Tomas structural zone is now documented in surface geological mapping in Brasiles West Zone for an additional 3.5 km northward of the North Zone.
  • Drill holes B003, B004 and B005 show that the first 1.0 km of that extension demonstrates similar mineralization to that of the North Zone.
  • The Brasiles rig is now positioned on drill hole B007, which is located 400 m north of B003/B004 and is planned to test the northern extension of the Brasiles West Zone where it merges with Brasiles Main Zone.

BRASILES DRILLING TESTS THE NORTHWARD EXTENSION OF THE SANTO TOMAS NORTH ZONE

Retrieved on: 
Thursday, June 23, 2022
QA/QC, Time, Disclosure, Technical, Topolobampo, Gold, TSX Venture Exchange, Appropriation, AAS, Technical report, Company, AG, CAD, Program, ALS Limited, News, Natural gas, Legislation, Cretaceous, Santo Tomás District, Project, Data verification, Molybdenum, Diamond, Total, ALS, Jinchuan, Uranium, Oil, Pacific Ocean

Most significantly, Brasiles West Zone has strong geological similarities to the North Zone, if somewhat attenuated.

Key Points: 
  • Most significantly, Brasiles West Zone has strong geological similarities to the North Zone, if somewhat attenuated.
  • The major Santo Tomas structural zone is now documented in surface geological mapping in Brasiles West Zone for an additional 3.5 km northward of the North Zone.
  • Drill holes B003, B004 and B005 show that the first 1.0 km of that extension is in similar mineralization to the North Zone.
  • The rig is now positioned on drill hole B007, which is located 400 m north of B003/B004 and is planned to test the northern extension of Brasiles West Zone where it merges with Brasiles Main Zone.

OROCO TEMPORARILY SUSPENDS DRILLING ACTIVITIES

Retrieved on: 
Thursday, June 9, 2022
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Vancouver, Canada, June 09, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (Oroco or the Company) announces that it has temporarily suspended its drilling operations at Santo Tomas for safety and security reasons relating to an increase in federal military operations in the region resulting from a dispute between criminal elements.

Key Points: 
  • Vancouver, Canada, June 09, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (Oroco or the Company) announces that it has temporarily suspended its drilling operations at Santo Tomas for safety and security reasons relating to an increase in federal military operations in the region resulting from a dispute between criminal elements.
  • Our primary concern at this time is to ensure the safety of our field personnel, stated Craig Dalziel, Orocos Executive Chairman.
  • The Company intends to take advantage of this temporary shutdown by providing a seasonal break for its drilling crews while maintaining its core-processing activities at Ranchito, the Companys central processing and storage facility.
  • Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.

OROCO ISSUES INCENTIVE OPTIONS

Retrieved on: 
Tuesday, May 3, 2022
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Vancouver, Canada, May 03, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (Oroco or the Company) announces that pursuant to the Company's Stock Option Plan and subject to approval by the TSX Venture Exchange, the Company has issued a total of 6,850,000 incentive stock options at an exercise price of $2.05 per share with a term of three years.

Key Points: 
  • Vancouver, Canada, May 03, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (Oroco or the Company) announces that pursuant to the Company's Stock Option Plan and subject to approval by the TSX Venture Exchange, the Company has issued a total of 6,850,000 incentive stock options at an exercise price of $2.05 per share with a term of three years.
  • Of that total, 3,425,000 incentive options have been issued to officers and directors of the Company.
  • In addition, the Company is cancelling 4,475,000 incentive options, leaving the Company with 11,757,000 incentive options issued and outstanding, that being 57% of the number allowed by TSX-V policies and the Companys Stock Option Plan.
  • Based on data generated by these drill programs, a historical Prefeasibility Study was completed by Bateman Engineering Inc. in 1994.