Search company, investor...
Oroco Resource company logo

Oroco Resource


Private Equity | Alive

About Oroco Resource

Oroco Resource is a mineral exploration provider with its primary focus on the accelerated development of the gold-bearing oxide zones of its Cerro Prieto Project. The company also owns a 100% interest in the the Xochipala Project, consisting of concessions contained within Morelos National Mining Reserve (more recently dubbed the Guerrero Gold Belt).

Headquarters Location

789-999 West Hastings Street

Vancouver, British Columbia, V6C 2W2,



Missing: Oroco Resource's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Oroco Resource's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Latest Oroco Resource News


May 9, 2023

05/09/2023 | 08:03am EDT Message : *Required fields Vancouver, Canada, May 09, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces the assay results from drill holes N046 and N047 (see Table 1) of its North Zone drilling program at its Santo Tomas property (the “Property”) located in northwestern Mexico (see Figure 1, attached and on the Company's  website ). These holes (1,460m of drilling) constitute the final drill holes of Oroco's 2021-2023 program. To view an interactive 3D model that includes today’s results, please use the following link: or visit Oroco's website: . These holes (1,460m of drilling) constitute the final drill holes of Oroco's 2021-2023 program. DRILL RESULT HIGHLIGHTS – % COPPER EQUIVALENT (% CuEQ) Drill hole N046 (Plate NZ-47-A) returned 228.5 m of 0.465% CuEQ Drill hole N047 (Plate NZ-49) returned 387.4 m of 0.498% CuEQ Richard Lock, Oroco’s CEO, stated: “These results from the final two holes of our Phase One drill program provide further evidence of the quality and magnitude of the deposit at Santo Tomas. While these results were not included in our recent Mineral Resource Estimate, they will be included in our upcoming Preliminary Economic Assessment.” NORTH ZONE PROGRAM The Company has now completed its North Zone drill program supporting the pending Preliminary Economic Feasibility study. The North Zone program comprises 47 diamond drill holes and 30,909 m of drilling. The southern portion of the North Zone mineralization is blind to the surface and lies beneath a blanket of post-mineralization volcanic rock. To test this area, the Company completed four diamond drill holes with a modified underground drill rig. Horizontal and shallow-dipping holes allowed testing of the southern 400 m of the North Zone, at depths 300 to 500 m below the surface, above and to the south of hole N038 (Plate NZ-49) (see Figure 1, attached). Table 1: Significant Assay Intervals of Drill Holes N046 & N047: Drill Hole 0.290 CuEQ =  ((Cu grade * Cu recovery * Cu price) + (Mo grade * Mo recovery * Mo price) + (Au grade * Au recovery * Au price) + (Ag grade * Ag recovery * Ag price)) / (Cu price * Cu recovery). It is assumed that the Santo Tomas Project would produce a conventional (flotation) copper concentrate based on metal recoveries of 84.3% Cu, 66% Mo, 57% Au, and 54% Ag derived from recent preliminary metallurgical test-work. The commodity prices used are in $US:  Cu $3.80 /lb, Mo $12 /lb, Au $1,650 /troy oz and Ag $22 /troy oz. For comparison to the N046 and N047 results, the previously announced drill holes from this southern portion of the North Zone returned similar grades and widths: Drill hole N044 (Plate NZ-47) returned 352.5 m of 0.462% CuEQ Drill hole N045 (Plate NZ-47) returned 329.8 m of 0.494 % CuEQ DRILL HOLE N046 – TESTS  250 M FURTHER SOUTH IN THE NORTH ZONE Drill hole N046 was pivoted southward from the collar of N044 (Plate NZ-47) and ended 350 m south in significant mineralization. On average, N046 indicates that the mineralization of N044/N045 extends 250 m further southward at the 400 m elevation (about 300 m below the Santo Tomas ridge). This area has few historical drill holes, and the Cu >0.30% Grade shell model cited in the Company’s 2019 Technical Report appears to be over two times wider in this area. These results demonstrate the southward and down dip continuity of the North Zone. DRILL HOLE N047 – CONFIRMS THE HANGING WALL EXTENSION OF THE NORTH ZONE Significantly, N047 intersected mineralization only 100 m below the surface on the western flank of the Santo Tomas ridge. N047 lies above a broad zone of mineralization in Hole N038 and 100 m north of the better than average grades of Holes N044 & N045. Modelling and structural analysis of the historical results and the current drilling have successfully delineated good-grade North Zone mineralization in a gently north-plunging panel beneath the Santo Tomas ridge, extending 1,600 meters along the strike and 400 to 800 m downdip below the surface. Results from N044 and N045, and now, from N046 and N047, indicate the exciting potential of the southern segment of the North Zone at, and south of, Hole N038 (Plate NZ-49). Whereas the North Zone averages about 300 m wide at grades above about 0.30 Cu, beginning at Plate NZ-49, the average width on the level view is 400 m, double the modelled width of the sparse historical drilling. These results, taken together, indicate the southern segment is the highest grade and widest portion of the North Zone deposit. Additional drilling will be required to fully define this area of the North Zone. TECHNICAL INFORMATION AND QUALITY CONTROL / QUALITY ASSURANCE The historical drilling data employed in this current exploration program was the subject of Data Verification procedures cited in the current Technical Report. Additional drill collar verifications were performed in the current program, and collar locations fit closely to the 2021/2022 survey control. Appropriate QA/QC protocols governed geological logging, core sampling, sample preparation, analyses, and security during the current program, including quality controls with duplicates, standards, and blanks. Samples were submitted to the Mexican division of ALS Limited in Hermosillo, Mexico, for sample preparation to pulps. Sample pulps are then sent to ALS Canada Ltd. in Vancouver, Canada, for analysis. Total copper, silver and molybdenum contents are determined by four-acid digestion with AAS finish. Gold was determined by fire assay of a 50-gram charge, or alternately, of a 30-gram charge (1 Assay ton). QUALIFIED PERSON Mr. Andrew Ware, SME-Registered Member., a “Qualified Person” (as defined in NI 43-101 -Standards for Disclosure for Mineral Projects) and a senior consulting geologist to the Company, has reviewed and approved the technical disclosures in this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting the exploration activities on its projects. ABOUT OROCO The Company holds a net 85.5% interest in the collective 1,172.9 ha Core Concessions of the Santo Tomas Project in NW Mexico. The Company also holds an 80% interest in 8,154.3 ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total project area of 23,048 acres). The Project is situated within the Santo Tomas District, which extends from Santo Tomas up to the Jinchuan Group’s Bahuerachi project, approximately 14 km to the northeast. The Company has completed its 2021-2023 drill program at Santo Tomas with a total of 48,481 meters drilled in 76 diamond drill holes to date. Based on the new drill-hole information, Oroco released a Preliminary Resource Estimate as detailed in the May 3rd 2023 press release, available on the Company’s website and SEDAR. The Santo Tomas Project is located within 160 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 can be reached in part by a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State. For further information, please contact: Richard Lock, CEO 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, are forward-looking statements. There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated or implied in such statements. 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. Attachment

Oroco Resource Frequently Asked Questions (FAQ)

  • Where is Oroco Resource's headquarters?

    Oroco Resource's headquarters is located at 789-999 West Hastings Street, Vancouver.

  • What is Oroco Resource's latest funding round?

    Oroco Resource's latest funding round is Private Equity.

  • Who are the investors of Oroco Resource?

    Investors of Oroco Resource include Pinetree Capital.

  • Who are Oroco Resource's competitors?

    Competitors of Oroco Resource include Alio Gold and 4 more.

Compare Oroco Resource to Competitors

Chakana Resources

Chakana Resources is a private multi-commodity minerals company currently focused on Peru. The company's goal is to create the next generation of development projects for mid-tier and major mining companies.

ValOro Resources

ValOro Resources Inc. (VRO | TSX Venture Exchange) is a mineral exploration and development company focused on acquiring, exploring, and developing mineral resource opportunities with the potential to host profitable mining operations. The Company's primary focus is the 100% owned Tepal Gold/Copper Project in Michoacan state, Mexico.

Exeter Resource Corporation

Exeter Resource Corporation's focus is to maximize shareholder value through the discovery, evaluation and development of gold-copper deposits in the Americas. The company's flagship project, the Caspiche project, is located in Chile's Maricunga district which has good infrastructure and is in close proximity to other large scale mining operations and projects in development.

Lundin Gold Logo
Lundin Gold

Lundin Gold (TSE: LUG) is a Canadian mining company that acquires mining concessions in Southeast Ecuador including the Fruta del Norte gold project, located within a copper-gold metallogenic sub-province located in the Cordillera del Condor region, situated in the east-northeast of the city of Loja, the fourth-largest city in Ecuador. The company was founded in 2015 and is based Vancouver, Canada.

Alio Gold

Alio Gold, Inc. is a gold mining company engaged in the operation, development, and exploration of gold mines in Mexico. The company holds interest in Ana Paula and Ejutla projects. It owns and operates San Francisco open pit gold mine. Alio Gold was founded by Francisco Arturo Bonillas Zepeda and Bruce Bragagnolo on March 17, 2005 and is headquartered in Vancouver, Canada. On March 30th, 2020, Alio Gold was acquired by Argonaut Gold. The terms of the transaction were not disclosed.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.