ADVANCING THE SANTO TOMÁS PROJECT
26 März 2025 - 12:00PM
Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or the
“Company”). 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.
Additional information about Oroco can be found
on its website and by reviewing its profile on SEDAR+ at
www.sedarplus.ca.
For more information, please contact:
Craig Dalziel, ChairmanOroco Resource Corp. Tel:
604-688-6200 Email:
info@orocoresourcecorp.com www.orocoresourcecorp.com
Neither TSXV nor its Regulation Services
Provider (as that term is defined in policies of the TSXV) 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, and the use of funds from the
Offering, are forward-looking statements. There is no assurance
that the proceeds of the Offering will be expended as contemplated.
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
Christy Fabros
Oroco Resource Corp.
(604) 688-6200
info@orocoresourcecorp.com
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