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Oroco Resources

Publié le 30 septembre 2009

New and Updated Drill Intercepts

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Mots clés associés :   Canada | G Mexico | K Street |

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

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Oroco Resources

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CODE : OCO.V
ISIN : CA6870331007
CUSIP : 687033 10 0
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Oroco est une société d’exploration minière de zinc et de plomb basée au Canada.

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

Oroco est cotée au Canada. Sa capitalisation boursière aujourd'hui est 49,9 millions CA$ (36,5 millions US$, 34,3 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 possède 77 947 405 actions en circulation.

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2007 Annual Report
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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.
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11/08/2009(Cerro Prieto)High Grade Gold Sampled on Additional 900 Meter Strike Lengt...
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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...
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17/12/2015December 15, 2015 OROCO SETTLES SONORAN LAWSUIT
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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
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16/09/2015August 28, 2015 OROCO RECEIVES 16.5 MILLION SHARES OF GOLDGR...
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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
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16/07/2013(Cerro Prieto)and Goldgroup Agree to an Extension of the Closing Date for ...
29/06/2013Receives Demand for Payment
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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
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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
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