Oroco Resources

Published : September 30th, 2009

New and Updated Drill Intercepts

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Keywords :   Canada | Diamond | G Mexico | Gold | K Street | Mexico |

OROCO ANNOUNCES NEW AND UPDATED DRILL INTERCEPTS

VANCOUVER, British Columbia � (September 30, 2009) Oroco Resource Corp. (TSX-V: OCO) (�Oroco� or �the Company�) is pleased to provide an update on and results from its Cerro Prieto Project in Sonora State, Mexico.

Since beginning the Phase 2 drill program on August 9, 2009, two drills have completed a total of approximately 3,000 meters of Diamond drilling with 14 holes either completed or currently underway.  Drilling continues to intersect mineralized zones over the more than two kilometers of strike length tested to date.  Drill hole locations plotted on a longitudinal section of Cerro Prieto may be viewed at : �http://www.orocoresourcecorp.com/projects-Cerro-Prieto-Project-Maps-and-Sections.html

Subsequent to the Company�s last press release of September 17, 2009 in which assay results for drill hole CP029 were reported, the Company has received additional assays from the hole, with the result of lengthening the mineralized zone.  Assay results have also been received for drill holes CP030 and CP031.  Highlights of the assays for CP029, as updated, and CP031 are presented in the following table. 

Hole

From (m)

To (m)
Apparent Thickness
True Thickness(m)

Au (g/t)

Ag (g/t)

Pb (%)

Zn (%)

CP029
187.0
194.0
7.0
7.0
1.464
2.5
0.18
0.48
incl
188.5
189.5
1.0
1.0
9.070
5.3
0.25
0.64

   incl

187.0

194.0

7.0

7.0

1.464

2.5

0.18

0.48

   incl

188.5

189.5

1.0

1.0

9.070

5.3

0.25

0.63

                 

CP030

No Significant Assays

 

 

 

 

 

 

 

 

 

CP031

204.0

240.0

36.0

31.0

1.278

2.3

0.33

1.13

   incl

220.5

231.0

10.5

9.0

3.782

5.6

0.68

2.43

   incl

220.5

237.0

16.5

14.2

2.432

4.5

0.61

2.09

Hole CP029 was drilled to intersect the mineralized zone on section 850N, 100 meters below CP026.   CP031 also targeted the mineralized zone at section 850N, 100 meters below CP029.

CP030 targeted the strongly anomalous surface samples at the northern end of the property (section 2150N) at depth, but failed to intersect a mineralized zone. Another hole, drilling much shallower than CP030, is currently being drilled in an attempt to identify the complex structural pattern in the immediate area.

The Company has now drilled and received assay results from holes CP023, CP025, CP026, CP027, CPO29 and CP031 for a distance of 300 meters along strike immediately to the north of the oxide mineralized zone defined in the 2008 drill program, with the result of extending the total drilled length to 900 meters with a maximum depth of 350 meters.  Highlights to date from the drilling on this 300 meter extension of the oxide mineralized zone are as follows: 

Hole

Section

From (m)

To (m)

Length (m)

True Thickness(m)

Au (g/t)

Ag (g/t)

Pb (%)

Zn (%)

CP026

850N

131.0

146.6

15.6

14.0

0.324

65.2

0.10

0.28

incl

 

140.4

146.6

6.2

6.0

0.686

156.2

0.11

0.25

 

 

 

 

 

 

 

 

 

 

CP029

850N

187.0

209.5

22.5

22.5

0.718

0.9

0.29

0.66

incl

 

187.0

194.0

7.0

7.0

1.464

2.5

0.18

0.48

 

 

 

 

 

 

 

 

 

 

CP031

850N

204.0

240.0

36.0

31.0

1.278

2.3

0.33

1.13

incl

 

220.5

231.0

10.5

8.5

3.782

5.6

0.68

2.43

 

 

 

 

 

 

 

 

 

 

CP027

950N

82.5

96.0

13.5

12.2

0.826

10.2

0.09

0.22

incl

 

87.0

93.5

6.5

5.9

1.663

19.1

0.14

0.25

 

 

 

 

 

 

 

 

 

 

CPO23

1050N

103.0

116.0

13.0

8.7

2.800

51.5

0.24

0.50

incl

 

104.1

108.5

4.4

3.0

7.717

17.6

0.35

0.66

The Company is particularly encouraged by the continuity of the Cerro Prieto mineralized structure up to Section 1050N and the grade of the mineralized intersections.  The Company is continuing to step out its drilling in 100 meter intervals in order to extend the Cerro Prieto mineralized zone and increase the indicated and inferred resource identified by the Company�s 2008 drill program. 

About Oroco
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.   

The Cerro Prieto Project consists of the 100% owned, 2,723 ha, San Felix, San Francisco and Cerro Prieto concessions and 4,120 ha of the connecting Argonauta 5 Fraccion 1 concession to which the Company holds an option to purchase (see May 14, 2009 news release).  During the first field season in 2008, the Company drilled 5,975 meters of core and tabled a NI 43-101 compliant resource estimate together with the results of a preliminary metallurgical study (See May 11, 2009 news release).

The Company is moving the Cerro Prieto project forward with the rapid development of mineral resources, further metallurgy studies and the development of a preliminary assessment by an independent mining engineering firm.

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. He 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.

For further information, please contact: 
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
Tel: 604-688-6200

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

.

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

<
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

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$ 49.1 millions as of today (US$ 36.0 millions, € 33.6 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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