Oroco Announces Exploration Contract With Auracle Geospatial
Oroco Announces Exploration Contract With Auracle
Geospatial
VANCOUVER, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Oroco Resource Corp. ( “Oroco”) (TSXV:OCO)
announces that it has entered into a mineral exploration agreement with Auracle Geospatial Science Inc., a
highly advanced remote sensing service provider. The contract relates to identified mineral resource
targets in Mexico.
Auracle has customized an initial two-phase data collection and analysis project for Oroco. Offering
specific deliverables, the contract is intended to be implemented immediately.
In the first phase, Auracle will build a 3D Radar Model defining surface and near surface structure and
lithological domains. The model will identify and prioritize areas suitable for a second phase of analysis,
wherein high resolution WorldView-3 satellite imagery is acquired, fused and analyzed with the data and
products of the first phase. Employing its proprietary algorithms, Auracle extracts strike and dip
measurements to further define the structure within the area of interest, thereby producing the complete 3D
Bare Sub-Surface Model and upgraded geology map.
“We are very pleased to work with such a uniquely capable remote sensing company, ” commented Craig
Dalziel, Oroco President & CEO. “Auracle is an ideal choice for Oroco given Auracle ’s unique scientific
expertise along with their first-priority data acquisition relationship with satellite operators MDA and
DigitalGlobe. The custom program Auracle has developed for Oroco offers a highly cost -effective method
in prioritizing exploration targets with exceptional accuracy. Combining our geological team with Auracle ’s
proprietary data fusion algorithms presents an ideal opportunity for Oroco to effectively expedite its
exploration and acquisition plans. ”
Mr. Dalziel continued, “It should also be made clear at this time that Oroco intends to utilize the Auracle
technology to extend its reach into Mexico beyond the scope of its Xochipala project. While we remain very
enthusiastic about the potential at Xochipala, and are further encouraged by the recent results generated
by Leagold from their property at Los Filos, we intend to pursue additional opportunities to strengthen our
overall presence in Mexico.”
About Oroco Resource Corp.:
Based in Vancouver, Canada, Oroco is a mineral exploration company with a primary focus on mineral
resource assets located in Mexico. The company owns a 100% interest in the Xochipala project in the
Guerrero Gold Belt. In addition, Oroco has targeted several Mexican acquisition opportunities, for which
the Auracle technology is expected to provide essential exploration and confirmation data.
About Auracle Geospatial Science Inc.:
Auracle is a remote sensing and geospatial technology service provider which collects, processes &
analyzes spatial data from satellite, aircraft, drone and ground platforms for global clients in mineral
exploration, oil & gas development and natural resource management.
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.
For further information, please contact:
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
Ph. 604-688-6200