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ADVANCING THE SANTO TOMÁS PROJECT

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ADVANCING THE SANTO TOMÁS PROJECT

 

 

 

 

 

Oroco Resource Corp. (TSX-V: OCO) (OTC: ORRCF). This week in Mexico City, Craig Dalziel, OCO’s Chairman, and other members of Oroco’s Senior Management Team met with Dr. Luis Rosendo Gutiérrez Romano, Undersecretary of the Mexican Economy, and other senior federal and state government officials to discuss the continued advancement of the Santo Tomás Copper Project in Choix, Sinaloa.

 

The Mexican government officials recognized the project’s potential for responsible development, investment, and long-term economic growth and confirmed the potential contribution of the Santo Tomás Project to the future of its regional economy.

 

“These meetings, of both an executive and technical nature, have exceeded all our expectations regarding the support of the Mexican Federal Government for the advancement of the Santo Tomás Project.  Initiated by Congressional Deputy, Mario Zamora, these meetings have led to the establishment of a clear dialogue with Mexico’s senior economic and mine development decision makers. We could not be more pleased with the result of these meetings,” stated Mr. Dalziel.

 

Read the official statement recorded in the state gazette from the Office of Mario Zamora here: Government of the State of Sinaloa and can be viewed as translated on the Oroco blog here: www.orocoresourcecorp.com

 

ABOUT OROCO

 

The Company holds a net 85.5% interest in those central concessions that comprise 1,173 hectares “the Core Concessions” of The Santo Tomas Project, located in northwestern Mexico. The Company also holds an 80% interest in an additional 7,861 hectares of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project is situated within the Santo Tomas District, which extends up to the Jinchuan Group’s Bahuerachi Project, approximately 14 km to the northeast. The Project hosts significant copper porphyry mineralization initially defined by prior exploration spanning the period from 1968 to 1994. During that time, the Project area was tested by over 100 diamond and reverse circulation drill holes, totaling approximately 30,000 meters. Commencing in 2021, Oroco conducted a drill program (Phase 1) at Santo Tomas, with a resulting total of 48,481 meters drilled in 76 diamond drill holes.

 

The drilling and subsequent resource estimates and engineering studies led to a revised MRE and an updated PEA being published and filed in August of 2024, which studies are available at the Company’s website www.orocoresourcecorp.com and by reviewing the Company profile on SEDAR+ at www.sedarplus.ca.

 

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 (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, in part, by a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State.

 

Posted March 26, 2025

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