Oroco Announces Appointment of Ian Graham as VP Exploration
Oroco Announces Appointment of Ian Graham
as VP Exploration
VANCOUVER
,
May 29, 2019
/CNW/ - Oroco Resource Corp. (
TSX-V: OCO
) ("
Oroco
" or "
the
Company
") is pleased to announce that Mr.
Ian Graham
has been appointed as Vice-President of
Exploration of the Company. Mr. Graham is an accomplished mining professional with over 20 years
of experience in the development and exploration of mineral deposits, mostly gained with major
mining companies Rio Tinto and
Anglo American
, including as Chief Geologist with the Project
Generation Group at Rio Tinto. Mr. Graham has been involved with evaluation and pre-development
work on several projects in
Canada
and abroad, including Resolution Copper (
Arizona, USA
), Diavik
Diamond Mine (
Northwest Territories, Canada
), Eagle Nickel (
Michigan, USA
),
Lakeview Nickel
(
Minnesota, USA
) and Bunder Diamonds (
India
).
The Company has granted Mr. Graham 300,000 incentive stock options at a price of
$0.55
per
share, expiring on
May 28, 2022
, which will vest in three equal tranches over the next year. The
options are subject to TSX Venture Exchange approval.
Of the appointment of Mr. Graham, Oroco's CEO
Craig Dalziel
said: "We are very pleased to have
been able to secure the services of
Ian Graham
as the formal head of our exploration team. In his
time consulting to the Company, he has demonstrated himself to be an exceptional contributor with
expertise that are well suited to the development of a project like Santo Tomas."
ABOUT OROCO:
The Company currently holds an irrevocable option to acquire 100 percent of Altamura Copper
Corp., a private B.C. company which holds a 50 percent interest in Compania Minera Ruero, S.A. de
C.V., the registered owner of the Santo Tomas concessions, and an option to acquire the other 50
percent interest. The Santo Tomas concessions are a contiguous group of seven mineral
concessions located in Sinaloa State, Mexico. Altamura Copper Corp. also holds a 66.7 percent
interest in Xochipala Gold, S.A de C.V., the owner of a net 85 percent unregistered contractual
interest in the Santo Tomas concessions. The Company and Altamura Copper Corp. are pursuing
the registration of the Santo Tomas concessions to Xochipala Gold, S.A de C.V. for reason of its
preferable ownership and investment structure relating to those concessions (see the Company's
most recent MD&A available on SEDAR).
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.
Cautionary Note Regarding Forward Looking Information
This news release includes certain "forward-looking information" and "forward-looking
statements" (collectively "forward-looking statements") within the meaning of applicable
Canadian securities legislation. All statements, other than statements of historical fact
included herein, including without limitation, statements relating to future events or
achievements of the Company, are forward-looking statements. There can be no assurance
that such forward-looking statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated or implied in such statements. Many
factors, both known and unknown, could cause actual results, performance or achievements
to be materially different from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements. Readers should not place undue
reliance on the forward-looking statements and information contained in this news release
concerning these matters. Oroco does not assume any obligation to update the forward-
looking statements should they change, except as required by law.
SOURCE
Oroco Resource Corp.
View original content:
http://www.newswire.ca/en/releases/archive/May2019/29/c5910.html
%SEDAR: 00026117E
For further information:
Mr. Craig Dalziel, President and CEO, Oroco Resource Corp., Tel: 604-
688-6200, www.orocoresourcecorp.com
CO: Oroco Resource Corp.
CNW 23:45e 29-MAY-19