- Oroco Resource Corp. (OCO) is releasing a new round of assay results from its Santo Tomas Property
- Results stem from the current drill program on the project’s North Zone
- Results continue to expand copper mineralization, first developed in 2009
- A total of 3,594 metres of drilling has been completed over the eight most-recent holes
- Intersections of good-grade mineralization returned in all holes for which the company has received assays
- Oroco Resource Corp. is up 3.90 percent, trading at $0.80 at 12:03 pm ET
Oroco Resource Corp. (OCO) is releasing a new round of assay results from its Santo Tomas Property.
Results stem from the current drill program on the project’s North Zone.
A total of 3,594 metres of drilling has been completed over the eight most-recent holes.
The Santo Tomas Project is located within 160 km of the Pacific deep-water port at Topolobampo in northwestern Mexico.
Results continue to expand copper mineralization first developed in 2009 and derived from the historical drilling described in a 2019 Technical Report.
A total of 35 holes of and 22,769 metres of drilling have now been completed in the North Zone, spanning approximately 1,300 meters of strike length.
Intersections of good-grade mineralization returned in all holes for which the company has received assays.
“We are very pleased that the drill results continue to expand the North Zone deposit relative to the Gradeshell,” said CEO Richard Lock.
“In addition, our recent increase in the number of drills from four to six allows us to dedicate two rigs to target the confirmation and expansion of the historical South Zone mineral resource. We are therefore focused on providing a combined North Zone and South Zone mineral resource estimate to support our upcoming Preliminary Economic Assessment.”
Oroco Resource Corp. is up 3.90 percent, trading at $0.80 at 12:03 pm ET.