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Oroco Resources

Publié le 17 septembre 2009

Second Phase Drilling Verifies 2.0 Kilometer Mineralized Structure

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

OROCO SECOND PHASE DRILLING VERIFIES 2.0 KILOMETER MINERALIZED STRUCTURE

VANCOUVER, British Columbia � (September 17, 2009) Oroco Resource Corp. (TSX-V:
OCO) (�Oroco� or �the Company�) is pleased to announce the progress on and results from
its Cerro Prieto Project in Sonora State, Mexico.

Since beginning the Phase 2 drill program on August 9th, 2009, the two drills have completed
approximately 2000 meters of drilling in ten holes. Six of the holes have been drilled
immediately to the north of the 2008 Phase 1 drill locations at 100 meter intervals along strike
and to depth with the intent of adding resources in the oxide zone. The remaining four drill
holes have been completed on the claims optioned from Yamana Gold Inc. further north along
strike with the objective of extending the overall length of the Cerro Prieto mineralized
structure.

Drill hole locations plotted on a longitudinal section of Cerro Prieto may be viewed at
orocoresourcecorp.com/projects-Cerro-Prieto-Project-Maps-and-Sections.html.

Highlights of the Phase 2 drilling to date include:

  1. All holes completed to their target depth have intersected a strongly mineralized zone,
    therefore establishing a drilled strike length of two kilometers;
  2. CP025 intersected 53.1 meters of mineralization with greater than 1% zinc and
    anomalous gold, silver and lead values;
  3. CP026 intersected 15.6 meters with 0.324 g/t Au and 65.2 g/t Ag including a 6.2 meter
    section with 0.686 g/t Au, and 156.2 g/t Ag;
  4. CP027 intersected a 13.5 m section averaging 0.826 g/t Au and 10.2 g/t Ag including a
    3.1 meter section with 2.777 g/t Au and 26.2 g/t Ag; and
  5. CP029 intersected 7.0 meters averaging 1.464 g/t Au including 1 meter that assays
    9.070 g/t Au.

CP025 was drilled under 2008 holes CP020 and CP021 which both intersected sections of
highly anomalous mineralization. The paucity of gold and silver and abundance of base metals
points to the vertical zoning of the deposit.

CP026 was drilled 100 meters north along strike of the section with CP025 and intersected the
zone approximately 100 meters below surface.

CP029 was drilled to intersect the mineralized zone 100 meters below CP026.

CP027 was drilled 100 meters north along strike of CP026 and also intersected the zone
approximately 100 meters below surface.

CP028 was drilled under very high surface samples on the Yamana option as outlined in
Oroco�s press release dated August 11, 2009. The hole failed to intersect the target because of
poor drilling conditions and was redrilled as CP030.

Assays have been received for four holes and the highlights are presented in the following table.

Significant Intersections from Cerro Prieto Phase 2 Drill Results

Hole No.

From (m)

To (m)
Apparent Thickness
True Thickness

Au (g/t)

Ag (g/t)

Pb (%)

Zn (%)

CP025

219.0
272.1
53.1
34.5
0.126
4.2
0.19

1.01

 

222.0
266.5
44.5
28.9
0.137
4.9
0.22
1.16

 

223.5
253.0
29.5
19.2
0.149
7.1
0.29
1.45
CP026
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
and
139.0
143.5
4.5
4.3
1.030
82.9
0.11
0.24
 
 
 
 
 
 
 
 
 
CP027
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
incl
87.9
91.0
3.1
2.9
2.777
26.2
0.20
0.25
CP028
NO ASSAYS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

Oroco is pleased that the results verify that the mineralized zone extends to the north and
maintains a significant thickness. The drilling completed in 2008 enabled the company to
complete a resource estimate from line 150N to line 750N (a distance of 600 meters) and
identified the mineralized zone in drilling as far north as line 1050N in step out hole CP023.
Visual results from the holes drilled on the ground optioned from Yamana also indicate that the
faulting, shearing and brecciation that characterize the zone are all present through line 2150N.

The mineralized zone has now been identified in drilling over a total distance of two kilometers
and is still open, within a 17.5 kilometer strike length, in both directions.

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 the 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.

OROCO RESOURCE CORP.
789-999 West Hastings Street, Vancouver, BV V6C 2W2
T: 604.688.6200 F: 604.688.6260
www.orocoresourcecorp.com

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

<
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Oroco Resources

EXPLORATEUR
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$ (36,4 millions US$, 34,0 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 possède 77 947 405 actions en circulation.

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Rapports annuels de Oroco Resources
2007 Annual Report
Financements de Oroco Resources
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
27/04/2010Appointment of Chief Consulting Engineer
Projets de Oroco Resources
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
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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