Oroco Resource Corp. is pleased to announce the receipt of the assay results from its initial drilling campaign at its Santo Tomas property in northwestern Mexico. Eight drill holes have been completed to date, all in the North Zone . An additional two drill holes in the North Zone are completed, pending surveying. A further two drill holes are in progress in the North Zone, and another in the Brasiles Zone. Assays [...]
Oroco Resource Corp. is pleased to announce the start of diamond drilling at the Brasiles Zone of its Santo Tomas Project in Mexico. Brasiles potentially represents the northern extension of the mineralization in the Santo Tomas North Zone and is comprised of two very broad, sub-parallel, exploration targets. The drilling at Brasiles is supported from the Company's new 28-person Brasiles exploration camp and its [...]
Oroco Resource Corp. is pleased to announce that it has commenced diamond core drilling at its Santo Tomas copper project, with the first drill hole collared and in progress. A second drill rig is scheduled to begin operating next week, and a third rig, constructed for the Company by Hydracore Drills Ltd. of Canada, is in transit to the project. The drill hole currently in progress is located in the North Zone and [...]
Join Ellis Martin for a conversation with Adam Smith, the Vice President of Business Development and Corporate Finance for Oroco Resource Corp. Oroco, 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 [...]
Oroco Resource Corp. is pleased to announce that it has received approval from the Chihuahua State and Sinaloa State offices of the Mexican Secretariat of Environment and Natural Resources to conduct drill programs from a collective 55 approved drill locations in the Brasiles Zone and the North Zone of its Santo Tomas Project. While initial plans are for one hole per location, if warranted by results, the Company will be [...]
Oroco Resource Corp. is pleased to announce receipt of the final data for its recently completed 3D IP geophysical survey at its Santo Tomas Project in north-western Mexico. The survey results clearly correlate chargeability and resistivity features with known mineralization and alteration zones related to the mineralising events, and with geological mapping in the area of historical drilling and resource delineation [...]
Oroco Resource Corp. announces the grant of incentive stock options to its directors, officers, management personnel and consultants to acquire an aggregate of 4,425,000 common shares in the capital of the Company at an exercise price of $3.15 per share . The Options are exercisable for a three-year term, expiring on May 10, 2024, with 20% vesting immediately and a further 20% vesting every 6 months over the next two [...]
Oroco Resource Corp. is pleased to announce that it has entered into agreements with Ruben Rodriguez Villegas of Mexico City to acquire 25 shares of Xochipala Gold, S.A. de C.V. for US$1.5 million. Xochipala Gold holds 100% of the registered title to the seven core concessions of the Company's Santo Tomas Project. The shares of Xochipala Gold being acquired currently represent 8.5% of the beneficial ownership of the Core [...]
Oroco Resource Corp. is pleased to announce the successful completion of the airborne component of a helicopter magnetics survey over the Santo Tomas Project , and to provide an update on the 3D induced polarization survey in progress on the Project. Magnetics Survey. The Company has completed a helicopter magnetics survey performed by Terraquest Ltd. using a high sensitivity cesium vapour magnetometer, a gamma ray [...]
Oroco Resource Corp. is pleased to announce significant results from the deep, three-dimensional, Induced Polarization geophysical survey of its Santo Tomas porphyry copper project in Mexico. The survey is now approximately 80% complete, and Oroco has received preliminary inversion data for all stations surveyed to date. The preliminary inversion model has successfully mapped the resistivity and chargeability [...]
Oroco Resource Corp. is pleased to announce that it has closed a non-brokered private placement of 12,900,000 units at a price of $1.20 per unit , for gross proceeds of $15,480,000 . Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share of Oroco for a period of 24 months from closing at a price of [...]
Oroco Resource Corp. is pleased to announce progress with a deep Three Dimensional Induced Polarization geophysical survey on the Santo Tomas property, Mexico, which is intended to map mineralized zones that contain chargeable metal sulphide minerals. The survey is being undertaken by DIAS Geophysical of Saskatoon, SK and utilizes their DIAS32 direct current resistivity and induced polarization system using a rolling [...]
