OROCO COMMENCES PHASE 2 DRILLING
Rhea-AI Summary
Oroco Resource Corp (OTCQB: ORRCF) mobilized a diamond drill rig to the Santo Tomás South Zone and commenced Phase 2 drilling on Feb 24, 2026 to support resource-classification upgrades.
Initial work prioritizes infill and confirmation drilling to refine the geological and grade model. In parallel, Oroco will advance Pre-Feasibility Study programs covering hydrogeological, geotechnical and metallurgical testing to reduce technical risk and support future mine planning.
Positive
- Mobilized diamond drill rig to Santo Tomás South Zone (Phase 2)
- Phase 2 drilling commenced on Feb 24, 2026 to upgrade resource classifications
- Initiation of PFS programs: hydrogeological, geotechnical, metallurgical testing
- Financing secured led by Canaccord Genuity enabled on-site restart
Negative
- None.
News Market Reaction – ORRCF
On the day this news was published, ORRCF gained 6.77%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, Canada, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTCQB: ORRCF) (the “Company” or “Oroco”) is pleased to announce that it has mobilized a diamond drill rig to its Santo Tomás copper project, located in northwestern Mexico, to commence drilling intended to support the upgrade of the mineral resource classifications in the project’s South Zone.
This mobilization represents the practical start of Oroco’s Phase 2 on-site work program following the Company’s recent financing led by Canaccord Genuity. Initial work will prioritize both infill and confirmation drilling designed to refine the geological and grade model in areas where increased drilling density is expected to support improved confidence for future mine planning and engineering work. Additional drills will be added as required.
In parallel with the resource-classification drilling, Oroco will undertake complementary Pre-Feasibility Study (“PFS”) programs intended to advance project engineering and reduce technical risk. Those programs will include the following work:
- Hydrogeological, including collection of baseline and operational water data, targeted hydrogeological testing where required, and integration of results into water management planning;
- Geotechnical, including systematic geotechnical logging of drill core, core orientation and structural data where appropriate, and the collection of parameters relevant to pit slope and infrastructure design; and
- Metallurgical, including additional sample collection to support variability, comminution, and process-response testing to a PFS standard.
Commenting on the mobilization, Oroco’s Chairman, Craig Dalziel stated: “The mobilization to the South Zone at Santo Tomás marks the restart of a project that is not only of great value to the shareholders of Oroco but is also essential to the future of a local community that, along with the regional government, has been so supportive of the project. We are so very thankful to be located in an area of Mexico where the potential benefits of the Santo Tomás Project are so widely appreciated. We look forward to the many contributions, both local and federal, that the success at Santo Tomás is likely to provide.”
ABOUT OROCO
Oroco’s focus is the development of its Santo Tomás Project in northwestern Mexico. The Company holds a net
Santo Tomás hosts significant porphyry copper mineralization initially defined by extensive prior exploration (1968–1994), including over 100 diamond and reverse circulation drill holes totaling approximately 30,000 metres. Commencing in 2021, Oroco completed a Phase 1 drill program at Santo Tomás totaling 48,481 metres in 76 diamond drill holes, which supported subsequent resource estimation and engineering work, including a revised mineral resource estimate and updated PEA published and filed in August 2024.
The Santo Tomás Project is located within 170 km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail (along corridors of trunk grid power and natural gas) through Los Mochis to the northern city of Choix.
For more information, please contact:
Craig Dalziel, Chairman
Oroco Resource Corp.
Tel: 604-688-6200
Email: info@orocoresourcecorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Christy Fabros Oroco Resource Corp. (604) 688-6200 cfabros@orocoresourcecorp.com
FAQ
What drilling did Oroco (ORRCF) start at Santo Tomás on Feb 24, 2026?
How will Oroco’s Phase 2 drilling affect Santo Tomás resource classification for ORRCF?
What Pre-Feasibility Study (PFS) work is Oroco (ORRCF) conducting alongside drilling?
Did financing support Oroco’s (ORRCF) restart of on-site work at Santo Tomás?
Will Oroco add more drill rigs to the Santo Tomás program (ORRCF)?
