Oroco Resource Corp. Files Technical Report
Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF; Frankfurt: OR6) is excited to announce the filing of a Preliminary Economic Assessment (“PEA”) technical report (the “Report”) for its Santo Tomas Project. This report is crucial for the company’s future initiatives.
Overview of the Technical Report
The Report, titled “Santo Tomas Copper Project NI 43-101 Technical Report and Preliminary Economic Assessment,” has been created in line with the National Instrument 43-101 standards for mineral project disclosures. The findings in the report align with those previously shared in the company’s updates, reinforcing the credibility of Oroco’s results and the expected success of the project.
Upcoming Webinar for Stakeholders
Oroco invites shareholders, analysts, investors, media representatives, and other stakeholders to join an upcoming webinar. Key executives, including Richard Lock (CEO), Andrew Ware (Principal Geological Consultant), and Adam Smith (Corporate Finance), will discuss the outcomes of the PEA and outline the next steps for advancing the Santo Tomas porphyry project.
Webinar Insights
This webinar offers participants a chance to learn more about the PEA and its implications for the project. Attendees will gain valuable insights into Oroco’s plans and potential developments at the Santo Tomas project. Additional details will be shared during the session.
About the Santo Tomas Project
The Company holds an 85.5% interest in the central concessions, known as the “Core Concessions,” which cover 1,173 hectares of the Santo Tomas Project located in northwestern Mexico. Furthermore, Oroco has an 80% stake in an additional 7,861 hectares of surrounding mineral concessions, bringing the total project area to 9,034 hectares (22,324 acres). This extensive area is strategically positioned for exploring and developing significant copper porphyry mineralization.
Historical Exploration and Recent Progress
Exploration in this area took place from 1968 to 1994 and included extensive testing, with over 100 diamond and reverse circulation drill holes totaling around 30,000 meters. In 2021, Oroco initiated its Phase 1 drill program at Santo Tomas, successfully completing 48,481 meters across 76 diamond drill holes. Most recently, a Preliminary Economic Assessment revealed significant mineral resources in both 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 benefits from a prime location just 160 km from the Pacific deep-water port, ensuring efficient logistics. The area is well-equipped with established infrastructure, including highways and railways, which facilitate transport to key market destinations. Access to the project site is provided via a 32 km service road originally built for Goldcorp’s El Sauzal Mine in Chihuahua State, further enhancing operational feasibility.
Further Information and Contact
For more information about Oroco Resource Corp. and the Santo Tomas Project, interested individuals are encouraged to visit the company’s official website. For specific inquiries, stakeholders can contact the Company’s CEO, Richard Lock, directly by telephone or email for more detailed 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 essential for investors and stakeholders to gauge 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.
