Oroco Resource Corp. (TSXV:OCO)Mining
Oroco Resource Corp is engaged in development, production and is publicly traded mining, exploration, and development enterprise engaged in the acquisition and development of mineral properties in Mexico.
Its common stocks are traded on the TSX Venture Exchange under the symbol of ‘OCO’.
Oroco Resource focuses on mining and development operations in Mexico and focuses on expanding the historical resource of the Santa Tomas porphyry copper project in Sinaloa state.
The exploration company's flagship project Santo Tomas is located within the laramide belt. It also hosts world class copper deposits and the largest copper deposit in the world called Cananea district.
The project was initially discovered in 1968 when it was tested by 106 diamond and reverse circulation drill holes stop around 30,000 meters.
The firm claims that Santo Tomas is drill tested on a strike length of four kilometers on the surface.
In 1994, Exall Resources Limited requested Mintec Inc in Arizona to conduct a resource estimate on the property.
The mining firm says that pre-feasibility study and the testing resulted in positive results.
In 2017, Oroco conducted a comprehensive geological mapping program and a full 3D resistivity and induced polarization survey in 2020.
The firm claims that Santo Tomas project is located in a mining friendly location with efficient infrastructure in the form of deep-water port of Topolobampo, access to roads and rail line, high voltage power supply, and high-pressure gas pipeline.
Oroco Resource claims that the region hosts multiple mining operations which are highly supported by the local community.
The Xochipala project is another highly prospective 193-hectare property wholley owned by Oroco Resource in the Guerrero Gold Belt.
The project has the potential to produce reserves more than one million ounces of gold in ore bodies. The project, acquired in 2007, is registered in August 2012 with the Mexican Public Registry of Mining.
It is located in the southeast of the original Morelos National Reserve that is considered as a mining friendly region.
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