COPPER (LME) Oroco Resource Corp, The Junior That Could; Santo Tomas Copper Porphyry, Mexico

Originally posted by caliche: ↑

For those interested in copper and specifically copper juniors one that has come to my attention is Oroco Resource Corp.

OCO.v
ORRCF.Q

Oroco is trading at .45 cdn and has secured ownership of a multi billion ton deposit called Santo Tomas in Northern Mexico.

It is an advanced project last taken to the pre feasibility stage in the mid 1990's when copper was 1 dollar gold was 390 and silver five bucks. The metal has not gone anywhere while prices for the metals have done very well!

here is the presentation please take a look

https://orocoresourcecorp.com/wp-content/uploads/Oroco-Resource-Corp-Presentation-Deck-June-17-2019-1.pdf

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$1.4 million easily raised for phase 1
3d IP will give us a nice bright picture of how big this thing can get.. already at 8 billion pounds copper with additional gold silver and moly credits!
total 10 billion pounds cueq so far!

2019-07-26 14:45 ET - News Release

Mr. Craig Dalziel reports
OROCO ANNOUNCES FULLY SUBSCRIBED PRIVATE PLACEMENT
Oroco Resource Corp. has arranged a non-brokered private placement of three million units at a price of 45 cents per unit. Each unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 24 months at a price of $0.70 per share. The Private Placement has been fully subscribed. The Private Placement is subject to acceptance by the TSX Venture Exchange.
The proceeds of the Private Placement will be used, in part, to improve and develop road access to the North and South Zones at Santo Tomas, construct an exploration camp on the West Bench of the property, and undertake a work campaign on the property involving ground geophysical and geological surveys, including Three Dimensional Induced Polarization programs. In addition, proceeds will be utilized for aspects of project permitting, and the scoping of water and power needs, sources and costs.
"Oroco is now in position to take advantage of the recent resolution of its title concerns at Santo Tomas," stated Oroco CEO, Craig Dalziel. "We are now able to initiate the First Phase of an extensive exploration and development plan for Santo Tomas intended to comprehensively present its considerable porphyry copper potential. We are very pleased to announce that we have reached this important milestone in the advancement of the Santo Tomas project."
ABOUT OROCO:
The Company holds an irrevocable option to acquire a majority interest in the collective 1,172.9 ha core concessions of the Santo Tomas project in NW Mexico. It also holds a 77.5% interest in 7,807.9 ha of mineral concessions surrounding and adjacent to the core concessions (a total project size of 22,192 acres). The project is situated within the Santo Tomas District, which extends from Santo Tomas up to the Jinchuan Group's Bahuerachi project, which lies approximately 14 km to the north-east. Santo Tomas hosts a significant copper porphyry deposit defined by prior exploration spanning the period from 1968 to 1994. During that time, the property was tested by over 100 diamond drill and reverse circulation drill holes, totaling approximately 30,000 meters. Based on data generated by these drill programs, a resource estimate for the project was calculated by Mintec, Inc., and metallurgical test work was conducted by Mountain States Research and Development, Inc. In 1994, a Prefeasibility Study was completed by Bateman Engineering Inc.