Oroco Resource is pleased to announce that it has resumed its drilling operations at Santo Tomas as the Federal military operations in the area have ended. Drilling commenced overnight at Brasiles with the resumption of Hole B007, and in the North Zone with the continuation of Hole N020. “A safe and orderly return to drilling has been undertaken and we look forward to increasing our productivity with the additional drill [...]
Oroco Resource announces the results of the first round of exploration drilling on the Brasiles Zone of its Santo Tomas property. Six diamond drill holes are completed, of which results have been received for five. A program of surface geological mapping is also underway by SRK Consultants (Canada) Inc. and the Company’s geologists. Brasiles Zone is the locus for the most extensive area of altered, Laramide-age intrusion [...]
Oroco Resource 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, Oroco’s Executive Chairman. “While disputes of this nature do not in [...]
Oroco Resource Corp. 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 [...]
Oroco Resource Corp. is pleased to announce the receipt of additional assay results from its drilling campaign at the Santo Tomas property in northwestern Mexico, having received the assay results from Holes N009 through N012 in the North Zone deposit. Assay results through the first twelve drill holes have now been received. The drill program in the North Zone is proceeding very well with the targeted mineralization [...]
Oroco Resource Corp. is pleased to announce that, effective April 1, 2022, Mr. Richard Lock has been appointed as the Company's Chief Executive Officer. Mr. Craig Dalziel, the Company's current CEO and a director, will assume the role of Executive Chairman upon Mr. Lock's appointment becoming effective. Mr. Lock will also be joining the Company's Board of Directors at the time of his appointment as CEO. Mr. Lock, a mining [...]
Oroco Resource Corp. is pleased to announce that it has closed the second and final tranche of the previously announced non-brokered private placement, issuing an additional 2,653,811 units at a price of $1.70 per unit, for gross proceeds of $4,511,478.70. Each unit consists of one common share and one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for [...]
Oroco Resource Corp. is pleased to announce that it has closed the first tranche of the previously announced non-brokered private placement, issuing 8,054,885 units at a price of $1.70 per unit, for gross proceeds of $13,693,303.90 . Each unit consists of one common share and one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 24 months [...]
Oroco Resource Corp. is pleased to announce that due to investor demand, and further to its news release of March 10, 2022, it is increasing its non-brokered private placement from 8,000,000 units to 10,500,000 units at a price of 1.70 per unit. Each Unit will consist of one common share of the Company and one share purchase warrant , with each Warrant entitling the holder thereof to purchase one common share of the [...]
Oroco Resource Corp. is pleased to announce that the private placement offering announced March 10, 2022 has been oversubscribed and the Company is no longer accepting new subscriptions. ABOUT OROCO: The Company holds a net 73.2% interest in the collective 1,172.9 ha Core Concessions of the Santo Tomas Project in NW Mexico and may increase that majority interest up to an 85.5% interest with a project investment of up to [...]
Oroco Resource Corp. is pleased to announce a private placement for gross proceeds of up to $13,600,000 from the sale of up to 8,000,000 units of the Company at a price of $1.70 per Unit. Each Unit will consist of one common share of the Company and one share purchase warrant . Each Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $2.40 for a period of 24 months from the [...]
Oroco Resource Corp. is pleased to announce the receipt of additional assay results from its drilling campaign at the Santo Tomas property in northwestern Mexico, having received the drill results from Holes N004 to N008 in the North Zone deposit. Assay results through the first eight drill holes have now been received . Notably, the best intersection in the 2021 drill program was returned by drill hole N008: a true [...]
