Welcome to our dedicated page for Oroco Resource news (Ticker: ORRCF), a resource for investors and traders seeking the latest updates and insights on Oroco Resource stock.
Oroco Resource Corp. (OTCQB: ORRCF; TSX-V: OCO) generates news primarily through its work on the Santo Tomás copper project in northwestern Mexico and related corporate and financing activities. This news page aggregates company announcements so readers can follow how Oroco advances its mineral projects and manages its capital structure over time.
Company releases describe ongoing technical work at Santo Tomás, including historical and recent drilling, resource estimates, and engineering studies that led to a revised Mineral Resource Estimate and an updated Preliminary Economic Assessment filed in August 2024. Oroco also reports on strategic studies, such as its engagement of Whittle Consulting Ltd. to conduct a Strategic Option Study intended to guide mine planning and pre-feasibility work.
In addition to project updates, Oroco’s news flow includes information on financings, such as non-brokered private placements and a bought deal public offering of units composed of common shares and common share purchase warrants. These announcements outline the structure of the offerings, use of proceeds for drilling and study work at Santo Tomás, and regulatory steps like filing a base shelf prospectus and prospectus supplements.
Readers will also find corporate and governance developments, including board appointments that bring additional mining and regional experience to the company, as well as shareholder engagement events such as virtual town halls providing updates on management, permitting, community engagement, and project advancement.
By reviewing this news feed, investors and stakeholders can see how Oroco communicates progress on its copper-focused projects, responds to regulatory milestones such as environmental resolutions from SEMARNAT, and pursues district-scale exploration opportunities like the Vainilla Mineral Concession option.
Oroco Resource Corp. (OTC: ORRCF) reported drill results from its South Zone drilling program at the Santo Tomas property in Mexico, covering 1,553 meters. Notable results include drill hole S020, which returned 221.7m of 0.45% CuEq, and drill hole S021, with 145m of 0.32% CuEq and 89m of 0.34% CuEq. The Company completed its 21-hole drill program totaling 12,154 meters, confirming mineralized structures projected 400 meters below the surface along a 2,000-meter strike length. Upcoming updates include a Mineral Resource Estimate and a Preliminary Economic Assessment, highlighting the project’s potential as a significant acquisition target.
Oroco Resource Corp. has successfully closed a non-brokered private placement, raising $4,758,727.55 by selling 6,344,970 units at $0.75 each. Each unit comprises one share and one-half share purchase warrant, with a warrant exercise price of $1.05 for 24 months. The funds will support exploration, development activities, and corporate overhead. Notably, ATM Mining Corp., linked to Oroco's Executive Chairman, purchased 200,000 units, qualifying for an exemption from regulatory approval. The company holds a substantial interest in the Santo Tomas Project, which hosts a significant copper deposit.
Oroco Resource Corp. (OTC: ORRCF) announced assay results from its South Zone drilling program at the Santo Tomas property in Mexico, comprising 8,547 meters across 15 drill holes. Significant results include 127.0 m of 0.41% CuEq from S004, 179.2 m of 0.45% CuEq from S015, and 349.1 m of 0.40% CuEq from S016. The South Zone extends 2 kilometers and shows potential for substantial mineral resource additions. The company's CEO Richard Lock expressed optimism regarding these findings, which are pivotal for an upcoming Preliminary Economic Assessment slated for Q2 2023. The program includes historical data validation and additional drilling is planned to explore further segments.
Oroco Resource Corp. has released new assay results from its North Zone drilling program at the Santo Tomas project in Mexico. The drilling, totaling 2,668 meters across holes N039 to N043, confirmed good-grade mineralization continuity, notably 135 meters at 0.60% CuEq. The North Zone's strike length now extends to approximately 1,600 meters, with further drilling planned to enhance mineral resource estimates. CEO Richard Lock expressed optimism about these results and the potential of ongoing horizontal drilling to bolster resources for a forthcoming Preliminary Economic Assessment.
Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) announced that shareholders approved an amended 10% rolling stock option plan during its Annual General Meeting on December 16, 2022. This plan allows for the issuance of options equating to 10% of the outstanding shares, automatically adjusting as share capital increases. The amendments ensure compliance with TSX Venture Exchange requirements and require disinterested shareholder approval for extensions granted to insiders. The company holds a significant interest in the Santo Tomas Project in Mexico, featuring a major copper porphyry deposit.
Oroco Resource Corp. (OTC: ORRCF) has released assay results from drill holes N032 to N038, totaling 4,046 meters, in its North Zone at the Santo Tomas property in Mexico. The results confirm and expand the 2009 Gradeshell model, with significant mineralization identified across all holes. Highlights include drill hole N036 which returned the highest grade of 0.51% CuEq over 139.6 m. The program, now nearing completion, aims to further define shallow-seated higher-grade mineralization, and has affirmed the deposit's potential for low-strip open-pit mining.
On November 10, 2022, Oroco Resource Corp. (OTC: ORRCF) released promising assay results from its drilling program at the South Zone of the Santo Tomas property in northwestern Mexico. The drill holes S001, S002, and S003, which spanned 2,052 meters, revealed significant intervals of mineralization, with CuEq percentages of up to 0.39%. These results confirm the mineralization's extension across a total of 3,200 meters and highlight the potential for resource increases. The company has completed 12 drill holes in this program, with results for additional holes pending.
Oroco Resource Corp. (OTC: ORRCF) reported assay results from 4,124 m of drilling in the North Zone and Brasiles Zone of its Santo Tomas property in Mexico. The drill program confirmed and expanded the Gradeshell model of Cu >0.30%. Notable results include drill hole N027 with 195.2 m of 0.45% CuEq and N030 with 211.6 m of 0.47% CuEq. The North Zone's mineralized zone is now confirmed to approximately 1,000 m in strike length. The Company aims to expedite completion of the ongoing drill program to support a Preliminary Economic Assessment.
Oroco Resource Corp. announced significant assay results from its drilling program at the North Zone of the Santo Tomas property in Mexico. A total of 35 holes have been drilled, confirming the historical 2009 Gradeshell model of Cu >0.30%. Key highlights include
- Drill holes N019, N021, and N024 showed significant results supporting prior assays.
- Drill holes N022, N023, N025, and N026 confirmed higher-grade mineralization.
- Drill hole N020 identified new mineralization areas.
The ongoing drill activities are expected to support a combined resource estimate for the North and South Zones.
Oroco Resource Corp. (OTC: ORRCF) has begun a Preliminary Economic Assessment (PEA) for the Santo Tomas Project in NE Sinaloa, Mexico. Ausenco Engineering USA has been appointed to lead the study, supported by SRK Consulting for an updated Mineral Resource Estimate (MRE) and Mining Plus for open pit design. The PEA completion is anticipated by Q2 2023. Additionally, the company is increasing its drilling capacity by mobilizing two more drill rigs, bringing the total to six for the North and South Zones. The project holds a significant copper deposit, with historical exploration dating back to 1968.
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