April 30, 2008 NEWS RELEASE � FOR IMMEDIATE RELEASE
OROCO ANNOUNCES FIRST SAMPLING RESULTS FROM CERRO PRIETO NORTH PROPERTY
VANCOUVER, BRITISH COLUMBIA � April 30, 2008 �Oroco Resource Corp. is pleased to announce the results of a recent mapping and sampling program on its 100% owned Cerro Prieto North claim, part of its Cerro Prieto project in Sonora, Mexico.
Highlights of the sampling include:
1) 2.11 g/t Au and 142..0 g/t Ag over 0.6 meters
2) 2.18 g/t Au and 134.0 g/t Ag over 1.2 meters
3) 1..70 g/t Au, 115.0 g/t Ag, 2.26% Pb and 3.17% Zn over 1.0 meter
The southern boundary of the 2,508 ha Cerro Prieto North claim is located approximately two and one-half kilometers north of the historical Cerro Prieto Mine, situated on Oroco's San Felix and San Francisco concessions, where a drill program is currently underway. The northwest striking structural zone can be traced geologically across 1.7 kilometres of strike length of the San Felix and San Francisco concessions and onto the Cerro Prieto North concession. It outcrops on the Cerro Prieto North property over a strike length of approximately 300 meters starting approximately 2.6 kilometres north of the property boundary. In total, the structure has a potential strike length of 4.8 kilometers on the Cerro Prieto North property.
The geological structure in this location is relatively steeply dipping and intersects relatively flat lying sediments and volcanics. An Oroco geologist recently began sampling and mapping the showings and general geology of the area. Results from the sampling along the 300 meter zone are shown in Table 1, below. Locations of the samples can be seen on the company's web site at www.orocoresourcecorp.com. Highly anomalous gold and silver values are accompanied by anomalous to highly anomalous lead and zinc values in the majority of the samples and indicate mineralization similar to that seen in the historical workings at the Cerro Prieto Mine. Samples FCO 001 and FCO 002, FCO 005 and FC 006, FC 008 and FC 009, and FC 015 and FC 016 represent contiguous samples taken across the total width of the mineralized zone.
Sample
|
Length (m)
|
Au (g/t)
|
Ag (g/t)
|
Pb (%)
|
Zn (%)
|
FCO 001
|
1.2
|
0.342
|
93.2
|
0.34
|
0.28
|
FCO 002
|
0.6
|
2.110
|
142.0
|
0.90
|
0.24
|
FCO 003
|
0.9
|
0.851
|
31.6
|
0.30
|
0.22
|
FCO 004
|
grab
|
0.090
|
31.0
|
0.09
|
0.04
|
FCO 005
|
1.2
|
2.180
|
134.0
|
0.44
|
0.43
|
FCO 006
|
1.1
|
1.960
|
139.0
|
0.23
|
0.26
|
FCO 007
|
1.3
|
0.268
|
200.0
|
0.15
|
0.24
|
FCO 008
|
0.4
|
0.330
|
143.0
|
0.26
|
0.09
|
FCO 009
|
0.85
|
1.240
|
132.0
|
0.22
|
0.08
|
FCO 010
|
Grab
|
0.194
|
87.8
|
0.17
|
0.09
|
FCO 011
|
0.4
|
0.146
|
107.0
|
0.24
|
0.20
|
FCO 012
|
0.3
|
0.084
|
33.3
|
0.05
|
0.07
|
FCO 013
|
0.3
|
0.162
|
111.0
|
0.07
|
0.10
|
FCO 014
|
0.8
|
0.400
|
47.9
|
0.32
|
0.79
|
FCO 015
|
1.0
|
1.700
|
115.0
|
2.26
|
3.17
|
FCO 016
|
0.5
|
0.031
|
1.1
|
0.04
|
0.04
|
FCO 017
|
1.0
|
0.616
|
28.9
|
0.71
|
1.40
|
Regarding the significance to the Cerro Prieto Project of the identification of the mineralized structure and the assay results, Oroco President and CEO Stephen Leahy stated: "We are extremely encouraged by the strong mineralization such at these outcroppings several kilometers along strike from the Cerro Prieto Mine."
Oroco is planning an extensive trench and sampling program on the Cerro Prieto North claim to further delineate the mineralized zone and a geophysical program to the north and south of the outcrop area to trace the zone under cover. The results from this follow-up program will assist in defining future drill programs.
Details of the Cerro Prieto Project may be found at:
http://www.orocoresourcecorp.com/Cerro-Prieto-Project.html
Oroco is a Canadian mineral exploration company which holds a 100% interest in six mineral concessions in Mexico. The company is initially focused on its three Sonora concessions, comprising the Cerro Prieto Mine, a historic polymetallic deposit, and the nearby 2,508 hectare Cerro Prieto North concession. In addition, Oroco holds three mining concessions in the state of Guerrero totaling 293 hectares.
Director Ken Thorsen, BSc Geological Engineering, P Eng, is the company's Qualified Person for the Cerro Prieto Project. Mr. Thorsen is responsible for the current exploration and development program and has reviewed the content of this release.
Stephen Leahy
President
For further information, please contact:
Oroco Resource Corp. Tel: 604-688-6200 or visit www.orocoresourcecorp.com
Forward Looking Statements: This news release contains certain forward looking information concerning the business of the Company. These forward looking statements are based on the opinions of management at the date the statements are made and are based on assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward looking statements. These risks are further described in the Company's prospectus dated February 12, 2008, which is available at www.sedar.com.
The Company is under no obligation to update forward looking statements if circumstances or management's opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
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Oroco Resources
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EXPLORATION STAGE |
CODE : OCO.V |
ISIN : CA6870331007 |
CUSIP : 687033 10 0 |
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Oroco is a zinc and lead exploration company based in Canada. Its main exploration properties are XOCHIPALA and CERRO PRIETO in Mexico. Oroco is listed in Canada. Its market capitalisation is CA$ 38.6 millions as of today (US$ 30.8 millions, € 27.0 millions). Its stock quote reached its lowest recent point on January 01, 2016 at CA$ 0.01, and its highest recent level on June 25, 2021 at CA$ 3.66. Oroco has 77 947 405 shares outstanding. |