OROCO INTERSECTS 18.50 G/T OF GOLD OVER 2.0 METERS
VANCOUVER, BRITISH COLUMBIA- (Marketwire � October 8, 2008) - Oroco Resource Corp. (�Oroco� or the �Company�) (TSX-V: OCO) is pleased to announce the results from an additional seven Diamond drill holes at its 100% owned Cerro Prieto Property in Sonora State, Mexico.
Highlights of the current results include:
- A total of 22 drill holes have been completed and all have intersected the mineralized shear zone;
- CP013 intersected 23.1 meters (10.7 meters true thickness) averaging 0.95 g/t Au, 9.7 g/t Ag, 0.62 % Pb and 1.58% Zn included within a 73.6 meter section (34.0 meters true thickness) averaging 0.40 g/t Au, 4.8 g/t Ag, 0.35% Pb and 1.23% Zn;
- CP014 intersected 2.0 meters (1 meter true thickness) averaging 18.50 g/t Au, 85.7 g/t Ag, 0.31% Pb and 1.65% Zn included within a 64.0 meter section (31.0 meters true thickness) averaging 1.01 g/t Au, 13.7 g/t Ag, 0.16% Pb and 0.52% Zn;
- CP015 intersected 4.0 meters (2.5 meters true thickness) averaging 0.72 g/t Au, 55.2 g/t Ag, 0.17% Cu, 2.94% Pb and 7.94% Zn included within a 22.0 meter section (13.5 meters true thickness) averaging 0.36 g/t Au, 15.9 g/t Ag, 0.87% Pb and 2.27% Zn;
- P018 intersected CP018 intersected 176.5 meters (65.4 meters true thickness) averaging 0.12 g/t Au, 4.1 g/t Ag, 0.30% Pb and 0.93% Zn.
The 22 holes drilled to date (5800 meters in total) are spaced horizontally and vertically at 100 meter intervals and have traced the mineralized shear zone over a strike length of 600 meters to a depth of 400 meters below surface. The holes reported in this release are at the southern end of the known mineralized shear zone where, historically, grades have been lower than to the north.
The last hole in the Phase 1 program has just been completed and is located 325 meters along strike to the north under the previously reported (see press release dated September 9, 2008) trench which assayed 79.7 g/t Ag, 0.401 g/t Au, 0.32% Pb and 0.47% Zn over a 36.3 meter section.
Trenching is continuing along the strike length of the mineralized zone on surface. All assays should be received by the end of October at which time the company will formulate its plans for a Phase 2 drill program.
|
HOLE |
FROM
(m) |
TO
(m) |
AT*
(m) |
TT**
(m) |
Au
(g/t) |
Ag
(g/t) |
Cu
(%) |
Pb
(%) |
Zn
(%) |
|
CP012 |
40.0 |
59.0 |
19.0 |
12.0 |
0.46 |
2.7 |
|
0.07 |
0.21 |
|
incl |
57.1 |
59.0 |
1.9 |
1.2 |
4.16 |
6.2 |
|
0.08 |
0.27 |
|
|
59.0 |
|
STOPE |
|
|
|
|
|
|
|
CP013 |
51.5 |
125.1 |
73.6 |
34.0 |
0.40 |
4.8 |
|
0.35 |
1.23 |
|
incl |
69.5 |
77.0 |
7.5 |
3.5 |
0.14 |
4.9 |
|
0.33 |
2.89 |
|
and |
102.0 |
125.1 |
23.1 |
10.7 |
0.95 |
9.7 |
|
0.62 |
1.58 |
|
CP014 |
21.4 |
85.4 |
64.0 |
31.0 |
1.01 |
13.7 |
|
0.16 |
0.52 |
|
incl |
73.2 |
85.4 |
12.2 |
5.9 |
4.53 |
22.3 |
|
0.23 |
0.90 |
|
incl |
74.3 |
76.3 |
2.0 |
1.0 |
18.50 |
85.7 |
|
0.31 |
1.65 |
|
CP015 |
200.0 |
222.0 |
22.0 |
13.5 |
0.36 |
15.9 |
0.05 |
0.87 |
2.27 |
|
incl |
206.5 |
210.5 |
4.0 |
2.5 |
0.72 |
55.2 |
0.17 |
2.94 |
7.94 |
|
CP016 |
188.0 |
246.0 |
58.0 |
37.8 |
0.21 |
4.1 |
|
0.49 |
1.54 |
|
incl |
222.0 |
229.5 |
7.5 |
4.9 |
0.37 |
11.3 |
0.01 |
1.11 |
3.33 |
|
CP017 |
135.5 |
230.0 |
94.5 |
54.0 |
0.132 |
2.2 |
0.02 |
0.26 |
0.90 |
|
incl |
159.5 |
196.0 |
36.5 |
20.9 |
0.11 |
2.3 |
0.03 |
0.28 |
1.05 |
|
incl |
192.0 |
196.0 |
4.0 |
2.3 |
0.17 |
1.0 |
0.20 |
0.71 |
1.35 |
|
CP018 |
197.5 |
374.0 |
176.5 |
65.4 |
0.12 |
4.1 |
|
0.30 |
0.93 |
|
incl |
197.5 |
253.0 |
55.0 |
20.4 |
0.13 |
1.3 |
0.01 |
0.31 |
0.74 |
|
incl |
231.0 |
241.0 |
10.0 |
3.7 |
0.14 |
1.5 |
|
0.44 |
1.38 |
|
also |
288.0 |
374.0 |
86.0 |
31.9 |
0.12 |
3.0 |
0.02 |
0.37 |
1.24 |
|
incl |
331.0 |
361.0 |
30.0 |
11.1 |
0.12 |
4.6 |
0.01 |
0.34 |
1.85 |
* AT means apparent thickness
** TT means true thickness
The Cerro Prieto polymetallic project is located in Sonora State, Mexico and consists of three mineral concessions totaling 2,523 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 23 hole program 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.
The company is excited about the extent and consistency of the mineralization along the strike length and to depth, and with the potential to expand the zone in all directions.
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
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