OROCO COMMENCES DIAMOND DRILLING AT BRASILES ZONE
November 17 2021 - 7:00AM
Oroco Resource Corp. (
TSX-V: OCO, OTC: ORRCF)
(“Oroco” or “the Company”) is pleased to announce the start of
diamond drilling at the Brasiles Zone (“
Brasiles”) of its
Santo Tomas Project in Mexico. Brasiles potentially represents the
northern extension of the mineralization in the Santo Tomas North
Zone and is comprised of two very broad, sub-parallel, exploration
targets. The drilling at Brasiles is supported from the Company’s
new 28-person Brasiles exploration camp and its custom-built
Hydracore 5000 Max diamond drill.
The first hole underway at Brasiles targets a prominent NE
striking, chargeability-high, resistivity-low response (the
“Brasiles Target”) identified by the Company’s 3D-IP survey
(see the Company’s June 2, 2021 News Release), which extends from
the North Zone to and beyond the prominent gossan of the Brasiles
Zone.
The second Brasiles target (Brasiles West) is represented by a
blind chargeability-high feature located west of and sub-parallel
to the Brasiles Target. The Brasiles West Target is overlain by a
blanket of meta-limestone and young, post-Laramide age
conglomerates.
The Company has also commenced drilling ST-010, the 10th hole
collared in the North Zone. Hole ST-005 was terminated at 37.5m
owing to instability in the host rock and was re-collared as the
now completed ST-006. The Company has drilled over 6,600m in North
Zone of the Santo Tomas Project since the commencement of drilling
at the end of July of this year.
The Company expects to be able to release Cu-Mo-Au-Ag assays for
the first three holes in the North Zone (ST-001, ST-002 and ST-003)
in the very near future.
ABOUT OROCO:
The Company holds a net 73.2% interest in the collective 1,172.9
ha Core Concessions of the Santo Tomas Project in NW Mexico.
The Company also holds a 77.5% interest in 7,807.9 ha of mineral
concessions surrounding and adjacent to the Core Concessions (for a
total project area 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, 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 and reverse circulation drill holes, totaling
approximately 30,000 meters. Based on data generated by these drill
programs, a historical Prefeasibility Study was completed by
Bateman Engineering Inc. in 1994.
The Santo Tomas Project is located within 160km of the Pacific
deep-water port at Topolobampo and is serviced via highway and
proximal rail (and parallel corridors of trunk grid power lines and
natural gas) through the city of Los Mochis to the northern city of
Choix. The property is reached by a 32 km access road originally
built to service Goldcorp’s El Sauzal Mine in Chihuahua State.
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.
Cautionary Note
Regarding Forward Looking Information
This news release includes certain “forward-looking information”
and “forward-looking statements” (collectively “forward-looking
statements”) within the meaning of applicable Canadian securities
legislation. All statements, other than statements of
historical fact included herein, including without limitation,
statements relating to future events or achievements of the
Company, are forward-looking statements. There can be no assurance
that such forward-looking statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated or implied in such statements. Many factors, both
known and unknown, could cause actual results, performance or
achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking statements. Readers should not place
undue reliance on the forward-looking statements and information
contained in this news release concerning these matters.
Oroco does not assume any obligation to update the forward-looking
statements should they change, except as required by law.
Craig Dalziel
Oroco Resource Corp
(604) 688-6200
info@orocoresourcecorp.com
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