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Oroco Resource Corp.

TSXV:OCOLive AI agent

Oroco Resource Corp., founded in 2006, is a Canadian mineral exploration company specializing in resource development opportunities in Mexico.

Investor website: https://orocoresourcecorp.com/

About

Oroco Resource Corp., founded in 2006, is a Canadian mineral exploration company specializing in resource development opportunities in Mexico. The company focuses on defining a mineral resource at its Santo Tomás project, which features a significant copper-gold porphyry system located in coastal northwest Mexico.

Verified company data

Cash position
$0
Shares outstanding
325,954,143
Fully diluted shares
382,624,000
Mineral resource
In August 2024, Oroco announced a revised Preliminary Economic Assessment ("PEA") and updated Mineral Resource Estimate ("MRE") for the North Zone and South Zone of its Santo Tomas Porphyry Copper Project ("Santo Tomas" or the "Project") in Sinaloa State, Mexico. This announcement builds on Oroco's April 2023 MRE and October 2023 maiden PEA. The updated PEA outlines a staged open pit operation starting at 60,000 tonnes per day ("t/d") in Year 1, year 8 over a 22.6-year Life of Mine ("LOM"). Production is preceded by two years of construction and pre-stripping. The PEA has been prepared by Ausenco Engineering USA South Inc. ("Ausenco"). The updated MRE and geologic model were prepared by SRK Consulting (U.S.), Inc. of Denver, Colorado and SRK Consulting (Canada) Inc., Vancouver, BC (jointly "SRK"). SRK (Canada) was responsible for geotechnical modeling. The mine planning and mine costs components of the PEA were prepared by SRK (U.S.).
Projects
["Santo Tomás Project Overview: Santo Tomás hosts a large, outcropping porphyry copper deposit comprised of fracture-hosted and disseminated Cu and Mo sulphides with significant Au and Ag credits. The Project lies within the Laramide Belt, a NW-SE trending copper belt extending from southwestern USA into southern Mexico that includes numerous world-class copper deposits, including the Cananea district, which hosts one of the largest copper deposits in the world. Oroco is currently advancing Santo Tomás through Phase 2 drilling, with a program focused on resource conversion, de-risking the project, and advancing toward Pre-Feasibility Study (PFS)-level work. The project straddles the border between the Mexican States of Sinaloa and Chihuahua. Santo Tomás is situated within the infrastructure rich “La Entrada al Pacífico,” a multi-modal transport and trade corridor recognized by the US and Mexican federal governments. Proximal infrastructure includes the deep-water port of Topolobampo, located 160km to the south-west, connected by sealed roads, a rail line, high voltage power supply, and a high-pressure gas pipeline, all within 20km or less of Santo Tomás. The region is home to numerous mining operations and has a strong regional mining culture and highly supportive local community.","Xochipala Project: Oroco holds a 100% interest in two contiguous mineral concessions in Guerrero, Mexico; Celia Generosa and Celia Gene, totaling 193 hectares and together called the Xochipala Project. This interest acquired in 2007 and was registered with the Mexican Public Registry of Mining (the “PRM”) in August of 2012. The Xochipala claims cover ground in the Guerrero Gold Belt sufficient to potentially generate reserves greater than 1 million ounces gold in ore bodies similar to the productive high-grade ore bodies that have been discovered in the past within the region. Oroco’s Xochipala Project is located in the southeast extreme of the original Morelos National Mining Reserve, a 47,600 ha federal mineral reserve which includes the most promising and expanding gold reserves in Mexico. This region encompasses a northwest trend of intrusions with associated gold bearing iron skarn deposits and is part of a wider area which has come to be known as the Guerrero Gold Belt (the “GGB”). The GGB is currently the focus of aggressive exploration, delineation, development, and mining by a number of mining companies. The modern history of the GGB reportedly commenced in 1924 with the discovered of gold at Xochipala by the Franco Urias Family, who operated a small family owned mine and mill on the property. Oroco’s Celia Generosa and Celia Gene concessions contain mineralization in very well defined structures that outcrop for over one kilometre and were the site of some of the earliest gold mining in the region from a number of small underground workings. These concessions host intrusives of similar age and composition and several areas of skarn mineralization with significant associated gold assays."]
Leadership
Charles Cryer (CEO, Over 30 years of global capital markets experience in natural resources and investment banking. Previously worked as an independent consultant and held senior positions at RFC Ambrian and Nomura International.), Craig J. Dalziel (Chairman, 35 years of financial and corporate governance experience. Former President and Director of ATM Mining Corp. and involved in the re-activation of the Rambler Mine.), Ian Graham (President, Over 20 years of experience in mining development and exploration with major companies like Rio Tinto and Anglo American. Involved in several significant projects globally.), Steven E. Vanry (CFO, Over 25 years in public and private natural resource companies focusing on fundraising and regulatory compliance. Holds CFA and CIM designations.), Stephen M. Leahy (Director, Former Chairman and CEO of American Tungsten Ltd. Led the approval of a Master Plan for an international ski resort.), Faysal A. Rodriguez (Director, Over 25 years of mining leadership experience across multiple countries. Currently Senior VP at Torex Gold Resources Inc.), Robert G. Friesen (Director, Extensive experience in mining operations and project development with major companies like Teck Exploration Ltd.), Ian W. Rice (Director, International entrepreneur with a focus on mining and renewable energy sectors.), David W. Rose (Corporate Secretary, Practicing lawyer since 1990 with extensive experience in resource law and venture finance.)

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