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Cours Or & Argent

Oroco Resources Corp

Publié le 12 janvier 2010

Multiple High Grade Gold Drill Intercepts at Cerro Prieto.

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Mots clés associés :   Canada | G Mexico | K Street | Precious Metals | Zinc |

OROCO ANNOUNCES CERRO PRIETO PHASE TWO DRILL RESULTS

VANCOUVER, British Columbia � (January 12, 2010) Oroco Resource Corp. (TSX-V: OCO) (�Oroco� or �the Company�) is pleased to report the following results from the 2009 Phase Two drill program at its Cerro Prieto Project in northern Sonora State, Mexico.

Highlights of the results from the infill drilling include:

  1. 22.5 meters of 4.36 g/t Au in CP053 including 9.0 meters of 8.62 g/t Au.
  1. 26.0 meters of 2.96 g/t Au in CP064 including 3.5 meters of 7.80 g/t Au.
  1. 19.0 meters of 2.99 g/t Au in CP065 including 8.1 meters of 6.42 g/t Au.

In 2009, the Company completed a total of 8575.9 meters in 42 diamond drill holes.  Fifteen holes tested the extension of the oxide zone that contains the resource calculated from the 2008 drill program, three holes tested the deeper sulphide mineralization, eight holes tested the Argonauta claim optioned from Yamana Gold Inc., the results of which have been previously reported, and, most significantly, sixteen holes were recently drilled to infill an area from which the Company anticipates the initial ore production at Cerro Prieto.

Commenting on the 2009 drill program, the Company's President, Craig Dalziel, noted that �Oroco is extremely pleased that the 2009 infill drilling results appear to have validated its plans to fast-track to production the higher grade gold-bearing oxide zone at Cerro Prieto.�   

Infill Drilling

Holes were drilled at the south end of the Cerro Prieto deposit to close the drill spacing to 50 meters in that area which is considered to have a higher than average grade and a low strip ratio. Results of the holes are presented in the following table. All holes are presented on an updated longitudinal section on the company's website at www.orocoresourcecorp.com.

SECTION 350N              
CP065 32.4 57.5 25.1 19.0 2.99 18.1 0.12 0.28
  incl. 39.3 50.0 10.7 8.1 6.42 40.6 0.19 0.48
                 
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
                 
SECTION 300N              
CP062 4.5 9.0 4.5 2.5 0.76 3.8 0.17 0.16
  and 21.0 45.0 24.0 13.5 1.75 6.1 0.07 0.12
                 
CP063 65.6 88.5 22.9 14.0 1.82 3.3 0.13 0.38
  incl. 71.0 81.5 10.5 6.4 3.18 3.4 0.12 0.36
                 
SECTION 250N              
CP056 78.0 132.5 54.5 37.5 0.40 2.5 0.25 0.78
  incl. 79.5 85.5 6.0 4.1 1.15 3.0 0.15 0.68
  and 95.9 102.5 6.6 4.5 1.03 6.9 0.94 2.44
                 
CP057 44.0 106.5 62.5 43.0 0.37 3.6 0.18 0.68
  incl. 44.0 48.5 4.5 3.1 1.83 11.3 0.07 0.23
  and 74.0 81.0 7.0 4.8 0.58 6.3 0.41 2.11
  and 88.0 96.0 8.0 5.5 0.71 1.7 0.24 0.66
                 
SECTION 200N              
CP052 94.5 142.5 48.0 28.5 0.19 6.5 0.37 0.76
  incl. 108.0 126.0 18.0 10.7 0.32 14.6 0.66 0.44
                 
CP054 39.0 96.5 57.5 32.0 0.16 5.8 0.17 0.54
  Incl. 46.0 54.5 8.5 4.7 0.39 3.5 0.13 0.33
  and 83.0 84.3 1.3 0.7 1.48 131.0 0.23 0.13
  and 84.3 92.0 7.7 4.3 0.05 5.0 0.27 1.63
                 
SECTION 150N              
CP051 12.3 69.0 56.7 45.4 0.35 24.9 0.25 0.60
incl. 26.0 30.0 4.0 3.2 1.34 11.7 0.32 0.93
and 46.5 49.5 3.0 2.4 2.48 3.9 0.35 0.90
and 55.5 60.0 4.5 3.6 0.31 262.2 0.86 1.84

      * - TT means true thickness

Holes CP051, CP052, CP054, CP056 and CP057 were drilled at the south end of the deposit where the base metals are more predominant than the precious metals because of a combination of vertical zoning and topography.  The remaining holes were drilled at the north end of the deposit where precious metals are more predominant.

Extension of Resource Area

Holes in this area were spaced at 100 meter intervals to expand the indicated resource calculated from drill results from the 2008 drill program. The Phase Two holes all intersected the mineralized zone.  The Company previously reported the drill results up to hole CP039, and highlights of the remaining holes are presented in the following table.

Hole From To Thickness TT Au Ag Pb Zn
  (m) (m) (m) (m) (g/t) (g/t) (%) (%)
                 
CP040 246.5 328.5 82.0 61.0 0.20 0.7 0.18 0.87
  incl 255.0 265.5 10.5 7.8 0.55 1.3 0.25 1.58
                 
CP042 135.5 178.5 43.0 38.0 0.19 11.8 0.25 0.39
  incl 137.0 139.0 2.0 1.7 1.81 2.8 0.31 0.33
  and 142.5 152.0 9.5 8.1 0.39 24.6 0.46 0.86
                 
CP043 214.0 243.5 29.5 20.5 0.23 9.2 0.44 1.41
  incl 223.3 229.0 5.7 4.0 0.46 37.7 1.10 2.80
                 
CP045 315.1 323.5 8.4 5.1 0.11 1.2 0.11 0.89
                 
CP047 90.5 92.0 1.5 1.5 0.63 0.2 0.02 0.07
  and 117.0 120.0 3.0 3.0 0.03 13.1 0.16 0.71
                 
CP048 282.0 350.0 68.0 40.0 0.17 1.2 0.30 0.79
  incl 286.5 301.5 15.0 8.8 0.51 2.2 0.56 1.38
                 
CP049 138.0 149.0 11.0 11.0 0.08 1.0 0.22 0.62
  and 154.5 169.4 14.9 14.9 0.08 4.7 0.19 0.84
                 

 
To the north of the above-noted drilling, being the area of the Argonauta concession, the extension drilling has identified a crosscutting structure which dropped the geological units between 150 and 200 meters after mineralization.  The near surface geology in this area consists of porous, coarse felsic pyroclastics that diffused the mineralization as it was deposited.  Although the structure continues through this area, the mineralizing fluids ascending the structure were not as constrained as to the south. The company has only drilled four widely spaced holes testing the 1.5 kilometer strike length of this exposed structure and will be testing this area in more detail in the future.

Drilling in Sulphide Zone

Three holes were drilled to test the sulphide zone identified in 2008 by CP011, which intersected 30 meters of 0.15 g/t Au, 13.3 g/t Ag, 0.14% Cu, 0.74%Pb and 2.02% Zn., including 8.5 meters of 0.19 g/t Au, 79.6 g/t Ag, 0.78% Cu, 3.71% Pb and 6.13% Zn.

CP041, drilled 100 meters below CP011, intersected a 12.0 meter thick mineralized zone with 0.08 g/t Au, 5.3 g/t Ag, 0.23% Cu, and minor amounts of lead and zinc. CP044, drilled 200 meters south of CP011 intersected a 36 meter mineralized zone including 9.0 meters averaging 0.50 g/t Au, 5.9 g/t Ag, 0.14% Cu, 0.25% Pb and 1.37% Zn. CP046, drilled 300 meters north of CP011 intersected a 59.0 meter mineralized zone with weak values of all metals other than a 0.5 meter section that assayed 0.30 g/t Au, 4.3 g/t Ag, 18.7% Cu, 1.29% Pb and 0.16% Zn. 

Although the high grade section intersected in CP011 was not intersected in the three follow-up holes, a significant strike length (over 16 kilometers) of the mineralized shear zone remains to be tested.

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 northern 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).

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
www.orocoresourcecorp.com

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

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Oroco Resources Corp

EXPLORATEUR
CODE : OCO.V
ISIN : CA6870331007
CUSIP : 687033 10 0
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Oroco Resources est une société développant des projet miniers de zinc et de plomb basée au Canada.

Ses principaux projets en exploration sont XOCHIPALA et CERRO PRIETO au Mexique.

Oroco Resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 25,7 millions CA$ (19,0 millions US$, 17,0 millions €).

La valeur de son action a atteint son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$, et son plus haut niveau récent le 25 juin 2021 à 3,66 CA$.

Oroco Resources possède 77 947 405 actions en circulation.

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Rapports annuels de Oroco Resources Corp
2007 Annual Report
Financements de Oroco Resources Corp
05/02/2013CLOSES $1 MILLION NON-BROKERED PRIVATE PLACEMENT
11/09/2012Applies to Extend Term of Warrants
09/06/2011Announces Exercise of Warrants
25/05/2009RESOURCE CORP. ANNOUNCES PRIVATE PLACEMENT
Nominations de Oroco Resources Corp
27/04/2010Appointment of Chief Consulting Engineer
Projets de Oroco Resources Corp
27/01/2014(Cerro Prieto)REPORTS INITIAL PRODUCTION AT CERRO PRIETO
22/10/2012(Xochipala)Resource Corp.: Xochipala Amparo Filed
21/09/2012(Xochipala)Announces Commencement of Exploration at its Xochipala Proje...
14/05/2012(Cerro Prieto)REPORTS ON SOUTH EXTENSION DRILLING AT CERRO PRIETO
20/04/2012(Cerro Prieto)ANNOUNCES CERRO PRIETO DRILL RESULTS
17/01/2012(Cerro Prieto)ADDS TO CERRO PRIETO PROJECT
08/12/2011ANNOUNCES START OF DRILLING PROGRAMOROCO ANNOUNCES START OF ...
18/05/2011(Cerro Prieto)Secures Surface Rights for Cerro Prieto Project
12/01/2010(Cerro Prieto)Multiple High Grade Gold Drill Intercepts at Cerro Prieto.
30/09/2009(Cerro Prieto)New and Updated Drill Intercepts
17/09/2009(Cerro Prieto)Second Phase Drilling Verifies 2.0 Kilometer Mineralized Str...
11/08/2009(Cerro Prieto)High Grade Gold Sampled on Additional 900 Meter Strike Lengt...
21/07/2009(Cerro Prieto)Commences Phase Two Drilling at Cerro Prieto
14/05/2009(Cerro Prieto)Signs Property Option Agreement With Yamana Gold
27/01/2009(Cerro Prieto)REPORTS A 25.3 MILLION TONNE INDICATED RESOURCE AND 4.69 MI...
28/11/2008(Cerro Prieto)SURFACE SAMPLING EXTENDS MINERALIZED ZONE AT CERRO PRIETO AL...
18/09/2008(Cerro Prieto)COPPER AND MOLYBDENUM IN ADDITION TO AU-AG-PB-ZN MINERALIZAT...
31/07/2008(Cerro Prieto)Continues its Drilling Success
16/06/2008(Cerro Prieto)Intersects 0.214 g/t Au, 361.8 g/t Ag, 2.40% Pb And 4.76% Zn...
21/05/2008(Cerro Prieto)Initial Drill Holes Intersect Mineralized Structure at Cerro...
30/04/2008(Cerro Prieto)ANNOUNCES FIRST SAMPLING RESULTS FROM CERRO PRIETO NORTH PRO...
Communiqués de Presse de Oroco Resources Corp
17/12/2015December 15, 2015 OROCO SETTLES SONORAN LAWSUIT
17/12/2015Oroco Settles Sonoran Lawsuit
19/11/2015Oroco Agrees to Extension of Closing Date
29/09/2015September 28, 2015 OROCO NEGOTIATES PAYMENT OF GOLDGROUP MIN...
29/09/2015Oroco Negotiates Payment of Goldgroup Mining Inc. Notes
18/09/2015September 16, 2015 GOLDGROUP FAILS TO MAKE PAYMENT TO OROCO
17/09/2015Goldgroup Fails to Make Payment to Oroco
16/09/2015August 28, 2015 OROCO RECEIVES 16.5 MILLION SHARES OF GOLDGR...
29/08/2015Oroco Receives 16.5 Million Shares of Goldgroup Mining Inc.
02/10/2014Debt Assignment Agreement Closes
23/09/2014Oroco Enters Into Agreements With Goldgroup
31/03/2014Sonoran Resources LLC. Commences Legal Action
07/02/2014(Xochipala)WINS XOCHIPALA APPEAL
03/09/2013(Cerro Prieto)Announces Completion of the Sale of Cerro Prieto
16/08/2013(Cerro Prieto)and Goldgroup Extend the Closing Date for the Cerro Prieto T...
16/07/2013(Cerro Prieto)and Goldgroup Agree to an Extension of the Closing Date for ...
29/06/2013Receives Demand for Payment
25/06/2013(Cerro Prieto)Obtains Approval for Sale of Cerro Prieto to Goldgroup
04/06/2013Resource Corp.: Amparo Decision Handed Down
29/04/2013Announces Special General Meeting Date
10/04/2013(Cerro Prieto)and Goldgroup Sign Formal Sale Agreement for Cerro Prieto
28/01/2013(Cerro Prieto)SIGNS AGREEMENT TO SELL CERRO PRIETO FOR US $18 MILLION
28/01/2013(Cerro Prieto)Signs Agreement to Sell Cerro Prieto
09/11/2012(Xochipala)Increases Strike Length at Xochipala
27/06/2011(Cerro Prieto)Signs Definitive Cerro Prieto Surface Rights Agreement
17/06/2011(Cerro Prieto)Signs Indicative Term Sheet for Cerro Prieto Construction Fi...
15/03/2011Resource Corp. Announces Closing of Private Placement
07/03/2011Extends Mineralized Zone at Cerro Proeto
06/10/2009Initiation Of Phase Two Metallurgical Tests
25/06/2009Resource Compressed Timeline to Production
04/06/2009Invite for dissemination
13/05/2009General research GMBH to provide european investor...
08/03/2009ANDERSON FINANCIAL MARKETING to provide investor relations ...
04/11/2008Announces Senior Management Assignments
02/10/2008RESOURCE CORP. ADOPTS SHAREHOLDER RIGHTS PLAN
09/09/2008Announces 425 Meter Stepout to Mineralized Zone
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