Oroco Receives Positive Resolution from Environment Ministry
Oroco Resource Corp. (TSX-V: OCO; OTC: ORRCF) is thrilled to share the exciting news of a favorable resolution from Mexico’s Federal Secretaría del Medio Ambiente y Recursos Naturales (SEMARNAT). This marks a significant step forward for the company as it prepares to move ahead with its exploration and drilling activities at the Santo Tomas Project. The environment ministry's positive resolution means that Oroco can proceed with these activities without needing to obtain an Environmental Impact Authorization.
Importance of the SEMARNAT Resolution
Craig Dalziel, Oroco’s Chairman, expressed enthusiasm about this development, stating that it enhances confidence in the government of Mexico's commitment to support the Santo Tomas Project. This resolution highlights the proactive engagement of SEMARNAT with the company, as part of a broader regional initiative known as Plan Sinaloa, aimed at fostering sustainable development.
Details of Santo Tomas Project
The Santo Tomas Project is a substantial asset for Oroco, covering an area of 6,121 hectares (15,125 acres). The company holds an 85.5% interest in the core concessions and an additional 80% stake in surrounding mineral concessions. Located in northwestern Mexico, the project is positioned near major mining infrastructure, enhancing accessibility for future operations.
Historical Context and Current Exploration
Previous exploration at Santo Tomas between 1968 and 1994 identified significant copper porphyry mineralization, with extensive drilling that totaled nearly 30,000 meters. Since taking over the project, Oroco has conducted its own Phase 1 drill program, completing 76 diamond drill holes and drilling a total of 48,481 meters.
Future Developments and Proposals
The combination of the recent SEMARNAT resolution and ongoing engineering studies has led to an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA), which were published and filed in August last year. These studies provide insights into the project's viability and its potential economic impacts.
Infrastructure and Logistics
The Santo Tomas Project is strategically located about 170 kilometers from the Pacific deep-water port at Topolobampo, which is essential for facilitating export capabilities. The area boasts excellent transportation links, including a highway and rail access, further supporting logistical operations. Additionally, the site is serviced by established infrastructure such as trunk grid power lines and natural gas pipelines, enhancing operational efficiency.
Company Overview and Additional Information
Oroco Resource Corp. is committed to sustainable mining practices and prioritizes environmental stewardship in its operations. With a focus on community engagement and environmental responsibility, the company aims to not only maximize resource potential but also contribute positively to the local ecosystem. Stakeholders and interested parties can get more information on their official website.
Contact Information
For further inquiries, reach out to:
Craig Dalziel, Chairman
Oroco Resource Corp.
Tel: 604-688-6200
Email: info@orocoresourcecorp.com
Website: www.orocoresourcecorp.com
Frequently Asked Questions
What is the significance of the SEMARNAT resolution?
The resolution allows Oroco to proceed with exploratory drilling without needing further environmental impact assessments, expediting project timelines.
How large is the Santo Tomas Project?
The project encompasses a total area of 6,121 hectares, including both central and surrounding mineral concessions.
What previous exploration work has been done at Santo Tomas?
Past explorations from 1968 to 1994 included over 30,000 meters of drilling that identified critical copper mineralization.
What are the primary markets for the project's output?
The project's location near the Pacific port at Topolobampo aids in accessing international markets for copper production.
Who can I contact for more information about Oroco?
You can connect with Craig Dalziel at Oroco Resource Corp. through phone or email for inquiries about the company or its projects.
