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Oroco Increases Strike Length at Xochipala
Published : November 09, 2012
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Keywords :   G Mexico | Gold | Market | Mexico |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2012) - Oroco Resource Corp. (News - Market indicators)(FRANKFURT:OR6) ("Oroco" or "the Company") is pleased to provide an update on the mapping and sampling program currently underway on its 100% owned Xochipala Property in Guerrero State, central Mexico.

The Company commenced the mapping program in September in order to locate the contact between the intrusive and overlying sediments. Approximately two kilometers of the contact has now been identified on the Xochipala Property in addition to geological characteristics similar to known deposits in the Guerrero Gold Belt, including the existence of a strong magnetic signature and extensive areas of alteration associated with the contact between the intrusive and overlying sediments. Regionally, where the intrusive is gold bearing, high grade gold mineralization is often found at or near the contact between the intrusive and the overlaying sediment. 

Following up on the limited sampling program conducted by Oroco in 2008 (see the Company's news release of August 14, 2012), a second sampling program has commenced with the goal to establish the surface extent of mineralization in the intrusive and the contact zone. Oroco plans to channel sample all showings, rock exposures along road cuts and other areas of altered outcrop with the intention of developing drill targets that will include both high grade structural and contact mineralization and lower grade intrusive mineralization. The Company intends to take approximately 500 samples in the current program, with initial sampling concentrating on the endoskarn or intrusive, and then concentrate on the contact zone between the intrusive and the overlying sediments and the exoskarn mineralization within the sediments. Road cuts on the property allow easy access to the highly altered rocks which are an excellent sampling medium. Samples are continuous chip samples and are generally bagged over 1.5 meter intervals. 

Qualified Person

Kenneth R. Thorsen, B.Sc., P. Eng., 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.

About Oroco

Oroco is a Canadian-based mineral exploration company focused on its two Mexican gold projects, the 7000 ha Cerro Prieto Project in northern Sonora State, Mexico and the 193 ha Xochipala Property, lying within the original Morelos National Mining Reserve in Guerrero State, Mexico.

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.
Mr. Craig Dalziel
President and CEO
604-688-6200
604-688-6260 (FAX)
www.orocoresourcecorp.com
Companies Mentionned : Oroco |
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : 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$ 3.9 millions as of today (US$ 3.0 millions, € 2.7 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
12/14/2012Closes First Tranche of Non-Brokered Private Placement
9/11/2012Applies to Extend Term 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
12/19/2010(Cerro Prieto)Oroco Resource Corp. Announces Positive Preliminary Economic...
12/15/2010Resource Corp Announces Positive Preliminary Economic Assess...
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...
5/11/2009(Cerro Prieto)RESTATES RESOURCE ESTIMATE ON CERRO PRIETO PROJECT AND RELEA...
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...
10/8/2008(Cerro Prieto)INTERSECTS 18.50 G/T OF GOLD OVER 2.0 METERS
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.
6/2/2015Oroco Amends Promissory Note Payment Terms
6/2/2015Amends Promissory Note Payment Terms
4/28/2015April 28, 2015 OROCO RECEIVES FAVOURABLE JUDGEMENT
4/28/2015Oroco Receives Favourable Judgement
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
6/25/2013(Cerro Prieto)Obtains Approval for Sale of Cerro Prieto to Goldgroup
2/22/2013Resource Corp.: Court Holds "Constitutional Hearing" in Ampa...
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
12/22/2012Resource Corp. Announces Closing of Private Placement
11/19/2012Enters Into Term Sheet for Funding
11/9/2012(Xochipala)Increases Strike Length at Xochipala
10/6/2009Initiation Of Phase Two Metallurgical Tests
6/25/2009Resource Compressed Timeline to Production
6/4/2009Invite for dissemination
3/8/2009ANDERSON FINANCIAL MARKETING to provide investor relations ...
11/4/2008Announces Senior Management Assignments
10/31/2008ANNOUNCES FINAL DRILL RESULTS FROM PHASE ONE EXPLORATION PRO...
10/2/2008RESOURCE CORP. ADOPTS SHAREHOLDER RIGHTS PLAN
9/9/2008Announces 425 Meter Stepout to Mineralized Zone
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