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Market: TSX-V
Sector: Gold Mining
Epic: TSX-V:OCO
News: Latest news
Web Site: Oroco Resource Corp
Other Articles: 25-01-201006-10-200911-08-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Oroco Resource Corp

Oroco Resource Corp

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

Monday, March 09, 2009

Oroco Resource Corp releases NI 43-101 Resource estimate

by Sam Kiri company news image

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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