- Oroco Resources Corp. (OCO) has resumed drilling operations at Santo Tomas in Mexico
- Drilling began at Brasiles with the resumption of Hole B007 and in the North Zone with the continuation of Hole N020
- The company has also started work with Ausenco to prepare a 43-101 preliminary economic assessment
- Shares of Oroco Resources are up 1.39 per cent on the day to C$0.73 at 12:53 p.m. EDT
Orco Resources Corp. (TSXV:OCO) has resumed drilling operations at Santo Tomas in Mexico.
Drilling is now underway at Brasiles with the resumption of Hole B007 and in the North Zone with the continuation of Hole N020.
“A safe and orderly return to drilling has been undertaken and we look forward to increasing our productivity with the additional drill capacity that is being planned,” Richard Lock, CEO of Oroco Resources, said in a release.
The company said core logging and assaying have also continued throughout the period of drill stoppage while improvements in methods of handling and analysis were also made to better prepare the geological team for an increase in the rate of core processing.
Oroco has started work with Ausenco to prepare a 43-101 Preliminary Economic Assessment while initial work on the metallurgical testing is underway. The company said samples are being chosen for shipment to the lab while the PEA is expected to be completed in Q1 2023.
Oroco Resources is a Canadian mineral exploration company with expertise in resource development opportunities. The company is focused on its Santo Tomas porphyry copper project in Sinaloa State, Mexico.
Shares of Oroco Resources are up 1.39 per cent on the day to C$0.73 at 12:53 p.m. EDT.