Oroco Resources

Published : September 18th, 2008

COPPER AND MOLYBDENUM IN ADDITION TO AU-AG-PB-ZN MINERALIZATION IN DEEPEST HOLES DRILLED TO DATE AT

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COPPER AND MOLYBDENUM IN ADDITION TO AU-AG-PB-ZN MINERALIZATION IN DEEPEST HOLES DRILLED TO DATE AT CERRO PRIETO

VANCOUVER, BRITISH COLUMBIA- (Marketwire � September 18, 2008) -  Oroco is pleased to announce the results from an additional four diamond drill holes from its Cerro Prieto Property located in Sonora State, Mexico.

HIGHLIGHTS

1.       A total of 18 holes have been completed and all holes have intersected the mineralized shear zone;

2.       CP011, the first hole to return significant copper values, intersected a 1.5 meter section (0.7 meter true) that averages 0.403 g/t Au, 79.3 g/t Ag, 2.07% Cu, 8.06% Pb, and 9.35% Zn in a 61.0 meter section (30.0 meters true thickness) averaging 0.147 g/t Au, 13.3 g/t Ag, 0..74% Pb and 2.02% Zn.  Within the broader section and including the high grade copper section is an 8.5 meter (4.2 meters true thickness) long section averaging 0.188 g/t Au, 79.6 g/t Ag, 0.78% Cu, 3.71% Pb and 6.13% Zn;

3.       Three holes (CP009, CP010 and CP011) returned significant molybdenum assays (see table) ;

4.       CP008 intersected 48.3 meters (25.0 meters true thickness) averaging 0.542 g/t Au, 20.4 g/t Ag, 0.45 % Pb and 0.99% Zn including 19.8 meters (10.2 meters true thickness) averaging 0.904 g/t Au, 27.6 g/t Ag, 0.67% Pb and 1.35% Zn;

5.       CP009 intersected 47.5 meters (32.0 meters true thickness) averaging 0.318 g/t Au, 14.9 g/t Ag, 0.91% Pb and 2.59% Zn including 8.5 meters (5.7 meters true thickness) averaging 0.746 g/t Au, 59.7 g/t Ag, 3.3% Pb 5.45% Zn, and 0.06% Mo;

6.       CP010 intersected 77.2 meters (42.0 meters true thickness) averaging 0.284 g/t Au, 4.9 g/t Ag, 0.36% Pb and 1.07% Zn including 11.5 meters (6.3 meters true thickness) averaging 1.21 g/t Au, 11.5 g/t Ag, 0.98% Pb and 2.29% Zn.

To date, a total of 4,850 meters have been completed in the phase one drill program.  The mineralized shear zone has been traced for a total of 500 meters along its strike length and to a maximum depth of 400 meters from surface.  In addition, a surface trench located 425 meters north of Oroco�s northernmost drill hole (see press release dated September 5, 2008) has exposed the mineralized zone over a 36.3 meter true width.  Hole CP019 is currently being drilled and assays are awaited for holes CP012 to CP018.  Please refer to Oroco�s website for the location of the completed holes on a longitudinal section http://www.orocoresourcecorp.com/images/Longitudinal-Section.jpg.

The following table is a summary of the significant assays received from holes CP008 to CP011. Also included is a new calculation for CP003 that includes an extension to the width of the mineralized zone that had not previously been sampled.

HOLE

FROM
(m)

TO
(m)

AT
(m)

TT
(m)

Au
(g/t)

Ag
(g/t)

Cu
(%)

Pb
(%)

Zn
(%)

Mo
(%)

 

 

 

 

 

 

 

 

 

 

 

CP003

145.0

202.5

57.5

33.8

0.99

14.9

 

0.23

0.66

 

incl

179.5

187.0

7.5

4.4

0.31

70.7

 

0.67

1.42

 

and

194.5

202.5

8.0

4.7

6.05

7.8

 

0.36

1.12

 

incl

197.0

202.5

5.5

3.2

8.34

6.2

 

0.35

1.04

 

 

 

 

 

 

 

 

 

 

 

 

CP008

210.7

259.0

48.3

25.0

0.54

20.4

 

0.45

0.99

 

Incl

236.2

256.0

19.8

10.2

0.90

27.6

 

0.67

1.35

 

incl

233.5

245.0

11.5

6.0

0.60

63.5

 

0.59

1.12

 

 

 

 

 

 

 

 

 

 

 

 

CP009

255.0

302.5

47.5

32.0

0.32

14.9

 

0.91

2.59

 

incl

280.5

289.0

8.5

5.7

0.75

59.7

 

3.30

5.45

0.06

incl

283.5

286.2

2.7

1.8

0.59

83.1

 

2.60

10.35

0.05

 

 

 

 

 

 

 

 

 

 

 

CP010

289.8

367.0

77.2

42.0

0.28

4.9

 

0.36

1.07

 

incl

331.5

343.0

11.5

6.3

1.21

11.5

 

0.98

2.29

 

and

330.0

337.5

7.5

4.1

0.96

9.1

 

1.27

2.22

0.02

 

 

 

 

 

 

 

 

 

 

 

CP011

363.0

424.0

61.0

30.0

0.15

13.3

0.14

0.74

2.02

 

incl

391.0

394.0

3.0

1.165

0.39

4.2

0.07

0.57

2.90

0.03

and

402.5

411.0

8.5

4.2

0.19

79.6

0.78

3.71

6.13

 

incl

402.5

404.0

1.5

0.7

0.40

79.3

2.07

8.06

9.35

0.01

 

401.3

404.0

2.7

1.3

0.41

55.1

1.33

5.06

6.27

0.02

The four new drill holes reported in this release are outside of the area included in Morgain Minerals� historical resource calculation and significantly enhance the potential for a larger resource than that concluded from Morgain�s work.  Also of great importance is the addition of copper and molybdenum to the metallogeny.  Although the intersections containing high grade copper and molybdenum are relatively thin, the model of a deep epithermal or mesothermal system is holding true.

Also significant is the fact that CP011, the deepest hole on the property to date, intersected sulphides including visible pyrite, galena and sphalerite indicating that the oxide zone exists to a depth of approximately 350 meters from surface and that higher base metal contents are present below the oxide zone.

CP019 is currently being drilled and three other holes will be completed in the next few weeks, which will conclude the phase 1 drill program.  Trenching, mapping and sampling are continuing on the surface trace of the mineralized zone.  At the completion of these programs and after all assays are received and reviewed, the Company intends to commence a phase 2 drill program including infill and step out drilling.

The Cerro Prieto polymetallic project is located in Sonora State, Mexico and consists of three mineral concessions totaling 2,508 hectares.  Oroco holds a 100% interest in these concessions.  In April of this year a Phase 1 drill program commenced and at the completion of this program (6,000 meters in 22 holes) the mineralized zone will have been drill tested vertically at 100 meter centers along a strike length of at least 600 meters to a depth of 400 meters allowing the calculation of an initial estimation of resources.

Qualified Person

Kenneth R. Thorsen, B.Sc., P. Geo., is a director of the company and is a 'qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators and has verified the data (including sampling, analytical and test data) and prepared or supervised the preparation of the information contained in this news release.

Quality Assurance & Control

The Company has implemented a quality assurance and control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. Split core is transported to the ALS Chemex laboratory in Hermosillo where it is crushed and pulverized, with pulps sent to the ALS Chemex laboratory in Vancouver, B.C. for assaying.  The other half of the core is retained for future assay verification. The QA/QC policy includes the chain of custody monitoring, insertion of blanks, standards and duplicates in the initial samples submitted.  The laboratory provides an additional internal control program.

�Stephen Leahy�

President

For further information, please contact:
Oroco Resource Corp. Tel: 604-688-6200 or visit �www.orocoresourcecorp.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 


Oroco Resource Corp. | 789-999 West Hastings Street | Vancouver | B.C. | V6C 2W2 | Canada


Oroco Resources

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$ 50.7 millions as of today (US$ 36.9 millions, € 34.6 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.

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Annual reports of Oroco Resources
2007 Annual Report
Financings of Oroco Resources
2/5/2013CLOSES $1 MILLION NON-BROKERED PRIVATE PLACEMENT
9/11/2012Applies to Extend Term of Warrants
6/9/2011Announces Exercise of Warrants
5/25/2009RESOURCE CORP. ANNOUNCES PRIVATE PLACEMENT
Nominations of Oroco Resources
4/27/2010Appointment of Chief Consulting Engineer
Project news of Oroco Resources
1/27/2014(Cerro Prieto)REPORTS INITIAL PRODUCTION AT CERRO PRIETO
10/22/2012(Xochipala)Resource Corp.: Xochipala Amparo Filed
9/21/2012(Xochipala)Announces Commencement of Exploration at its Xochipala Proje...
5/14/2012(Cerro Prieto)REPORTS ON SOUTH EXTENSION DRILLING AT CERRO PRIETO
4/20/2012(Cerro Prieto)ANNOUNCES CERRO PRIETO DRILL RESULTS
1/17/2012(Cerro Prieto)ADDS TO CERRO PRIETO PROJECT
12/8/2011ANNOUNCES START OF DRILLING PROGRAMOROCO ANNOUNCES START OF ...
5/18/2011(Cerro Prieto)Secures Surface Rights for Cerro Prieto Project
1/12/2010(Cerro Prieto)Multiple High Grade Gold Drill Intercepts at Cerro Prieto.
9/30/2009(Cerro Prieto)New and Updated Drill Intercepts
9/17/2009(Cerro Prieto)Second Phase Drilling Verifies 2.0 Kilometer Mineralized Str...
8/11/2009(Cerro Prieto)High Grade Gold Sampled on Additional 900 Meter Strike Lengt...
7/21/2009(Cerro Prieto)Commences Phase Two Drilling at Cerro Prieto
5/14/2009(Cerro Prieto)Signs Property Option Agreement With Yamana Gold
1/27/2009(Cerro Prieto)REPORTS A 25.3 MILLION TONNE INDICATED RESOURCE AND 4.69 MI...
11/28/2008(Cerro Prieto)SURFACE SAMPLING EXTENDS MINERALIZED ZONE AT CERRO PRIETO AL...
9/18/2008(Cerro Prieto)COPPER AND MOLYBDENUM IN ADDITION TO AU-AG-PB-ZN MINERALIZAT...
7/31/2008(Cerro Prieto)Continues its Drilling Success
6/16/2008(Cerro Prieto)Intersects 0.214 g/t Au, 361.8 g/t Ag, 2.40% Pb And 4.76% Zn...
5/21/2008(Cerro Prieto)Initial Drill Holes Intersect Mineralized Structure at Cerro...
4/30/2008(Cerro Prieto)ANNOUNCES FIRST SAMPLING RESULTS FROM CERRO PRIETO NORTH PRO...
Corporate news of Oroco Resources
12/17/2015December 15, 2015 OROCO SETTLES SONORAN LAWSUIT
12/17/2015Oroco Settles Sonoran Lawsuit
11/19/2015Oroco Agrees to Extension of Closing Date
9/29/2015September 28, 2015 OROCO NEGOTIATES PAYMENT OF GOLDGROUP MIN...
9/29/2015Oroco Negotiates Payment of Goldgroup Mining Inc. Notes
9/18/2015September 16, 2015 GOLDGROUP FAILS TO MAKE PAYMENT TO OROCO
9/17/2015Goldgroup Fails to Make Payment to Oroco
9/16/2015August 28, 2015 OROCO RECEIVES 16.5 MILLION SHARES OF GOLDGR...
8/29/2015Oroco Receives 16.5 Million Shares of Goldgroup Mining Inc.
10/2/2014Debt Assignment Agreement Closes
9/23/2014Oroco Enters Into Agreements With Goldgroup
3/31/2014Sonoran Resources LLC. Commences Legal Action
2/7/2014(Xochipala)WINS XOCHIPALA APPEAL
9/3/2013(Cerro Prieto)Announces Completion of the Sale of Cerro Prieto
8/16/2013(Cerro Prieto)and Goldgroup Extend the Closing Date for the Cerro Prieto T...
7/16/2013(Cerro Prieto)and Goldgroup Agree to an Extension of the Closing Date for ...
6/29/2013Receives Demand for Payment
6/25/2013(Cerro Prieto)Obtains Approval for Sale of Cerro Prieto to Goldgroup
6/4/2013Resource Corp.: Amparo Decision Handed Down
4/29/2013Announces Special General Meeting Date
4/10/2013(Cerro Prieto)and Goldgroup Sign Formal Sale Agreement for Cerro Prieto
1/28/2013(Cerro Prieto)SIGNS AGREEMENT TO SELL CERRO PRIETO FOR US $18 MILLION
1/28/2013(Cerro Prieto)Signs Agreement to Sell Cerro Prieto
11/9/2012(Xochipala)Increases Strike Length at Xochipala
6/27/2011(Cerro Prieto)Signs Definitive Cerro Prieto Surface Rights Agreement
6/17/2011(Cerro Prieto)Signs Indicative Term Sheet for Cerro Prieto Construction Fi...
3/15/2011Resource Corp. Announces Closing of Private Placement
3/7/2011Extends Mineralized Zone at Cerro Proeto
10/6/2009Initiation Of Phase Two Metallurgical Tests
6/25/2009Resource Compressed Timeline to Production
6/4/2009Invite for dissemination
5/13/2009General research GMBH to provide european investor...
3/8/2009ANDERSON FINANCIAL MARKETING to provide investor relations ...
11/4/2008Announces Senior Management Assignments
10/2/2008RESOURCE CORP. ADOPTS SHAREHOLDER RIGHTS PLAN
9/9/2008Announces 425 Meter Stepout to Mineralized Zone
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