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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: OCO
Latest Price: 0.28  (-5.08% Descending)
52-week High: 0.43
52-week Low: 0.21
Market Cap: 16.34M
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Oroco Resource Corp
www.orocoresourcecorp.com

Oroco is a Canadian-based mineral exploration company with its primary focus on the accelerated development of the gold bearing oxide zones of its Cerro Prieto project, a polymetallic (Au-Ag-Pb-Zn) project in Sonora State, Mexico

Full Oroco Resource Corp profile here
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Oroco Resource Corp releases NI 43-101 Resource estimate

9th Mar 2009, 6:55 pm by Sam Kiri
Oroco Resource Corp releases NI 43-101 Resource estimate

While mining projects by many companies have assumed subdued roles in the face of growing economic uncertainties, there are few who appear to be keen to continue their projects regardless. We have always been complimentary of such efforts as it is an indication of the management’s commitment to projects and their intents to add shareholder value.

Canadian venture listed Oroco Resource Corp. (TSX.V: OCO) has been busy developing its 100% owned Cerro Prieto project in Sonora State, Mexico and announced the results of an independently calculated mineral resource estimate based on data from the recently completed Phase 1 exploration programme. The National Instrument 43-101 compliant study concludes that work to date on the property has outlined an indicated resource of 25,250,000 tonnes with an average grade of 0.52 g/t Au, 8.6 g/t Ag, 0.34% Pb and 1.02% Zn and, in addition, a total inferred resource of 4,690,000 tonnes with an average grade of 0.17 g/t Au, 19.4 g/t Ag, 0.37% Pb and 1.20% Zn.

A delighted Ken Thorsen, President and CEO stated that the estimate was based on a diamond drill program of 23 holes. All of them have successfully intercepted the mineralized zone (with the exception of two which failed to reach the zone because of bad ground conditions) and included mineralization that contributed to the resource. Thorsen also noted that the Phase 1 exploration program included surface trenching confirming mineralization over a strike length 100% greater than that of the drill holes incorporated in this resource estimate. The deposit remains open on strike to the north and south and to depth. Thorsen reckons l that drilling in a Phase 2 exploration program, expected to be completed during 2009, has significant potential to add to the resource both on strike and down dip.

About Oroco Resources


Oroco is a Canadian junior mining company focused on the exploration and development of the Cerro Prieto Mine, a historical gold and silver producer in Sonora State, Mexico. The mine is contained within Oroco's 27.23 sq. km. of 100% owned mining concessions

 

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