Oroco Resources

Published : November 28th, 2008

SURFACE SAMPLING EXTENDS MINERALIZED ZONE AT CERRO PRIETO ALONG A STRIKE LENGTH OF 1,250 METERS

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

SURFACE SAMPLING EXTENDS MINERALIZED ZONE AT CERRO PRIETO ALONG A STRIKE LENGTH OF 1,250 METERS

VANCOUVER, BRITISH COLUMBIA- (Marketwire � November 28, 2008) - Oroco Resource Corp. (TSX-V:OCO) is pleased to announce the results from its surface trenching and mapping program on the Cerro Prieto property in Sonora State, Mexico.

A program of sampling across the mineralized structure for a strike length of 1,250 meters at 50 meter intervals was completed and included sampling of bulldozer trenches, hand dug trenches and outcrops. Due to the rugged nature of the topography bulldozer trenches were limited to the north end of the claim group from lines 750 meters north to 1250 meters north. Hand trenching and outcrop sampling were completed from line 0 to line 700 meters north. Previously, the company announced the results from a trench across the zone at 1075N which assayed 0.40 g/t Au, 79.7 g/t Ag, 0.32% Pb and 0.47% Zn over 36.3 meters (News Release dated September 9, 2008).

On several sections collapsed historical stopes and surface excavations prevented a full cross section of samples to be taken. As well, in many instances continuous sampling was hampered by steep topography. In the following table both situations are designated as open in both directions or open in 1 direction.

Locations of the surface trenching and mapping program may be viewed on the Oroco website at http://www.orocoresourcecorp.com/Cerro-Prieto-Maps-and-Sections.html

Samples are chip samples of at least 0.5 meters long and the lengths of the samples are controlled by the geology encountered. The maximum sample length is 2.0 meters.

Conclusions from the results are as follows:

  1. The zone has now been tested on surface for a strike length of 1,250 meters, is continuously mineralized over that strike length and is open in both directions;
  2. Previous mining activities left several areas with substantial precious metal grades
    1. TR100N � 7.40 g/t Au, 63.5 g/t Ag over 5.1 meters
    2. TR150N � 8.45 g/t Au, 27.4 g/t Ag over 2.8 meters
    3. TR400N � 8.35 g/t Au, 81.8 g/t Ag over 3.4 meters
    4. TR450N � 5.89 g/t Au, 27.1 g/t Ag over 3.3 meters and 5.35 g/t Au, 110.2 g/t Ag over 3.2 meters
    5. TR550N � 5.06 g/t Au, 145.2 g/t Ag over 6.9 meters
    6. TR600N � 6.42 g/t Au, 82.9 g/t Ag over 2.1 meters
    7. TR700N - 5.97 g/t Au, 51.8 g/t Ag over 2.6 meters
  3. In general, base metal values are higher in the southern trenches (TR000 to TR200N). Because of elevation differences, the southern trenches cut across the mineralized zone much lower in the epithermal system than the more northerly trenches.

Trench #

Length

Au

Ag

Pb

Zn

Remarks

 

(m)

(g/t)

(g/t)

(%)

(%)

 

 

 

 

 

 

 

 

TR00

8.1

0.52

11.7

0.31

0.89

Open both directions

incl

1.6

1.43

13.4

0.55

2.09

 

TR050N

6.1

2.05

9.0

0.72

1.21

Open 1 direction

incl

1.5

5.81

9.6

0.66

1.41

 

TR100N

12.9

0.46

21.4

0.30

0.76

Open both directions

 

9.8

4.08

36.2

0.34

1.01

Open 1 direction

incl

5.1

7.40

63.5

0.54

1.57

 

TR150N

5.2

4.79

21.5

0.16

0.33

Open both directions

incl

2.8

8.45

27.4

0.11

0.39

 

TR200N

9.1

0.11

3.5

0.13

0.40

Open 1 direction

incl

2.0

0.39

8.1

0.37

1.02

 

 

14.0

 

 

 

 

Not sampled

 

7.5

0.28

4.1

0.19

0.52

Open 1 direction

incl

0.65

1.31

4.9

0.89

2.47

 

TR250N

3.2

0.80

3.9

0.05

0.11

Open 1 direction

TR300N

2.9

1.05

27.2

0.09

0.13

Open 1 direction

TR350N

4.1

1.10

74.7

0.13

0.20

Open 1 direction

TR400N

3.4

8.35

81.8

0.18

0.24

Open both directions

TR450N

3.3

5.89

27.1

0.10

0.24

Open 1 direction

 

3.0

 

 

 

 

Not sampled

 

3.2

5.35

110.2

0.14

0.15

Open both directions

TR500N

2.4

1.25

9.3

0.16

0.37

Open 1 direction

TR550N

2.3

0.07

104.6

0.15

0.24

Open both directions

 

12.0

 

 

 

 

Not sampled

 

21.5

1.90

82.9

0.16

0.19

Open both directions

incl

6.9

5.06

145.2

0.22

0.18

 

TR600N

4.6

0.81

67.1

0.16

0.17

Open both directions

incl

2.8

1.12

108.4

0.23

0.21

 

 

9.0

 

 

 

 

Open stope

 

8.0

2.11

113.0

0.33

0.39

Open both directions

incl

2.1

6.42

82.9

0.22

0.68

 

TR650N

3.3

1.84

16.0

0.20

0.34

Open both directions

 

4.0

 

 

 

 

Not sampled

 

0.7

5.76

4.5

0.09

0.19

Open 1 direction

TR700N

5.4

3.04

34.4

0.11

0.33

 

incl

2.6

5.97

51.8

0.18

0.46

 

TR750N

6.0

0.20

57.0

0.04

0.05

 

incl

1.5

0.61

118.0

0.05

0.07

 

TR800N

9.0

0.52

52.6

0.03

0.05

 

incl

3.0

1.11

126.4

0.04

0.09

 

TR850N

16.5

0.65

55.3

0.08

0.13

Cross trench with one below

 

16.5

0.39

110.2

0.22

0.32

 

TR900N

2.1

0.16

11.3

1.18

2.39

Open both directions

 

2.05

0.61

49.4

0.16

0.23

Open 1 direction

 

4.2

0.70

67.0

0.08

0.07

 

TR950

11.2

0.18

33.5

0.07

0.13

Open both directions

TR1000

6.7

0.40

32.6

0.15

0.13

Open both directions

incl

3.3

0.63

55.8

0.16

0.04

 

 

13.0

 

 

 

 

Open stope

 

8.7

1.36

57.0

0.19

0.16

 

incl

4.7

2.42

36.3

0.24

0.21

 

and

4.0

0.12

81.3

0.13

0.10

 

TR1050N

6.6

0.69

108.5

0.08

0.19

Open 1 direction

incl

2.1

0.06

249.4

0.06

0.23

 

 

7.0

 

 

 

 

Not sampled

 

2.4

1.32

56.8

0.28

0.33

Open both directions

 

5.0

 

 

 

 

Not sampled

 

11.0

1.40

69.6

0.18

0.26

Open both directions

 

3.0

 

 

 

 

Not sampled

 

9.0

2.17

107.9

0.16

0.42

Open both directions

TR1100N

8.85

0.56

8.6

0.31

0.42

Open both directions

TR1150N

20.4

1.89

9.8

0.41

0.74

Open both directions

incl

11.8

3.03

12.5

0.44

0.97

 

TR1200N

1.0

5.35

15.0

0.48

0.58

 

 

1.2

2.19

4.9

0.30

0.27

Open 1 direction

TR1250N

2.4

0.39

66.9

0.90

1.29

Open both directions

In April of this year the company commenced the recently completed phase 1 Diamond drill program at Cerro Prieto. The mineralized zone has now been drill tested vertically at 100 meter centers along a strike length of at least 600 meters, from section 150 meters north to section 750 meters north, to a maximum depth of 400 meters, allowing the calculation of an initial estimation of resources. As reported October 31, 2008, a step out hole (CP023), located a further 300 meters along strike at section 1050 meters north, intersected the mineralized zone and returned assays of 2.80 g/t Au, 51.5 g/t Ag as well as elevated base metal values, across a true thickness of 8.7 meters.

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. Samples are 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 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.

Ken Thorsen

President  

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

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news 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 an exploration zinc and lead 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$ 32.7 millions as of today (US$ 24.7 millions, € 22.4 millions).

Its stock quote reached its highest recent level on March 20, 2008 at CA$ 0.75, and its lowest recent point on January 01, 2016 at CA$ 0.01.

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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