- Oroco Resource Corp. (OCO) continues to see encouraging assay results from its drilling campaign at the Santo Tomas Property in Mexico
- Targeted mineralization has been intersected at the anticipated depths with noteworthy intervals in all holes
- In the north zone drilling intersected increasing widths of mineralization
- Most notably, modelling support a westward target at a significantly greater depth
- Oroco Resource Corp. (OCO) is down 6.94 per cent and is trading at $1.77 per share as of 3:35 p.m. ET
Oroco Resource Corp. (OCO) has reported encouraging assay results from its drilling campaign at the Santo Tomas Property in Mexico.
The assay results are from holes N009 through N012 in the property’s north zone deposit. The drill program is proceeding well with the targeted mineralization intersected at the anticipated depths with noteworthy intervals in all holes.
In addition, drilling in the Brasiles zone continues at hole B005 with the assays from holes B001 to B003 pending.
To date, the 20 drill holes that have been completed at Santo Tomas total 14,838 metres of diamond drilling.
Oroco has also received the approvals necessary to begin drilling the western extension of the north zone 3D model, thereby targeting a deeper tier of potential mineralization.
In the southern area of the north zone, drilling intersected increasing widths of mineralization. Recent drilling has begun to test these extensions, and assays are pending.
Also, copper grades are higher on the eastern flank of the north none. Most notably, geological and geophysical modelling support a westward target at a significantly greater depth below surface.
Craig Dalziel, Oroco’s Executive Chairman, commented,
“Management is very pleased to see the targeted mineralization intersected at the anticipated depths in the north zone, with significant intervals existing in all holes… Drilling results have established wide, near-surface intersections of good grade Cu-Mo-Au mineralization, confirming the primary target of this drill program.”
Oroco Resource Corp. (OCO) is down 6.94 per cent and is trading at $1.77 per share as of 3:35 p.m. ET.