Oroco Resource Corp. PEA Update Webinar and Report Filing
Oroco Resource Corp. Announces Filing of Technical Report
Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF; Frankfurt: OR6) is pleased to announce the filing of an independently prepared Preliminary Economic Assessment (“PEA”) technical report (the “Report”) for its Santo Tomas Project. This report is pivotal for the company’s future developments.
Details of the Technical Report
The Report, titled “Santo Tomas Copper Project NI 43-101 Technical Report and Preliminary Economic Assessment,” has been prepared in accordance with the National Instrument 43-101 standards of disclosure for mineral projects. All results noted in the report are consistent with those previously announced in the company’s updates. This consistency reinforces the reliability of Oroco’s findings and the anticipated success of the project.
Upcoming Webinar for Stakeholders
Oroco invites shareholders, analysts, investors, media representatives, and stakeholders to participate in an upcoming webinar. Key executives, including Richard Lock (CEO), Andrew Ware (Principal Geological Consultant), and Adam Smith (Corporate Finance), will discuss the PEA outcomes and future steps in advancing the Santo Tomas porphyry project.
Webinar Efficiently Defined
Participants can join the webinar to gain insights into the PEA and its implications for the project. Attendance will provide valuable information regarding Oroco’s plans and the potential developments at the Santo Tomas project. Further details will be made available during the webinar.
About the Santo Tomas Project
The Company holds an 85.5% interest in the central concessions known as the “Core Concessions,” comprising 1,173 hectares of the Santo Tomas Project located in northwestern Mexico. Additionally, Oroco holds an 80% stake in 7,861 hectares of surrounding mineral concessions, amassing a total project area of 9,034 hectares (22,324 acres). This expansive area is strategically positioned to explore and develop significant copper porphyry mineralization.
Historical Exploration and Recent Developments
Prior exploration within this project area spanned from 1968 to 1994 and involved extensive testing, including over 100 diamond and reverse circulation drill holes totaling approximately 30,000 meters. In 2021, Oroco commenced its Phase 1 drill program at Santo Tomas, successfully drilling 48,481 meters across 76 diamond drill holes. Most recently, a Preliminary Economic Assessment revealed substantial mineral resources in the North and South Zones, estimating Indicated and Inferred resources of 561 million tonnes at 0.37% CuEq and 549 million tonnes at 0.34% CuEq, respectively.
Logistics and Accessibility of the Project
The Project's advantageous location is within 160 km of the Pacific deep-water port, which ensures favorable logistics. The area is well-served by established infrastructure, including highways and railways, facilitating transport to the crucial market destinations. The project site is accessible via a 32 km service road initially constructed for Goldcorp’s El Sauzal Mine in Chihuahua State, further enhancing the operation's practicality.
Further Information and Contact
For more details about Oroco Resource Corp. and the Santo Tomas Project, interested parties are encouraged to visit the company’s official website. For specific inquiries, stakeholders can reach out to the Company’s CEO, Richard Lock, via telephone or email for direct information.
Contact Information
Richard Lock, CEO
Oroco Resource Corp.
Tel: 604-688-6200
Email: info@orocoresourcecorp.com
Website: www.orocoresourcecorp.com
Frequently Asked Questions
What is the purpose of the Technical Report filed by Oroco?
The Technical Report provides an independent evaluation of the Preliminary Economic Assessment (PEA) which is crucial for investors and stakeholders to understand the potential value of the Santo Tomas Project.
Who will be participating in the upcoming webinar?
The webinar will feature discussions from Richard Lock (CEO), Andrew Ware (Principal Geological Consultant), and Adam Smith (Corporate Finance) from Oroco Resource Corp.
What resources have been identified in the Santo Tomas Project?
The recent assessments indicated substantial resources, including 561 million tonnes at 0.37% CuEq in the North Zone and 549 million tonnes at 0.34% CuEq in the South Zone.
How is the Santo Tomas Project accessed?
The project is well-connected, situated 160 km from the Pacific deep-water port and served by highways and a nearby rail network.
Where can I find further information about Oroco Resource Corp.?
Further information can be found on Oroco's official website or by contacting the company directly via provided contact information.
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