Oroco Resumes Drilling at Santo Tomas
July 5, 2022 NEWS RELEASE
Oroco Resumes Drilling at Santo Tomas
VANCOUVER, Canada – ( July 5, 2022) Oroco Resource Corp. ( TSX-V: OCO; OTC: ORRCF )
(“Oroco” or “the Company” ) is pleased to announce that it has resumed its drilling operations at
Santo Tomas as the Federal military operations in the area have ended. Drilling commenced
overnight at Brasiles with the resumption of Hole B007, and in the North Zone with the continuation
of Hole N020.
“A safe and orderly return to drilling has been undertaken and we look forward to increasing our
productivity with the additional drill capacity that is being planned” stated Richard Lock, Oroco’s
CEO.
Core logging and assaying have continued during the period of drill stoppage, with an improvement
in methods of handling and analysis, thereby better preparing the geological team for an increase in
the rate of core processing.
In addition, Oroco has started work with Ausenco to prepare a 43-101 Preliminary Economic
Assessment (PEA). Initial work on metallurgical testing is underway with samples being selected
for shipment to the lab. It is planned for the PEA to be completed in Q1 2023.
ABOUT OROCO:
The Company holds a net 73.2% interest in the collective 1,172.9 ha Core Concessions of the Santo
Tomas Project in NW Mexico and may increase that majority interest up to an 85.5% interest with a
project investment of up to CAD$30 million. The Company also holds a 77.5% interest in 7,807.9
ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total project area
of 22,192 acres). The Project is situated within the Santo Tomas District, which extends from Santo
Tomas up to the Jinchuan Group’s Bahuerachi project, approximately 14 km to the northeast. Santo
Tomas hosts a significant copper porphyry deposit defined by prior exploration spanning the period
from 1968 to 1994. During that time, the property was tested by over 100 diamond and reverse
circulation drill holes, totalling approximately 30,000 meters. Based on data generated by these drill
programs, a historical Prefeasibility Study was completed by Bateman Engineering Inc. in 1994.
The Santo Tomas Project is located within 160 km of the Pacific deep-water port at Topolobampo
and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and
OROCO RESOURCE CORP.
1201-1166 Alberni Street, Vancouver, BV V6E 3Z3
T: 604.688.6200 F: 604.688.6260
www.orocoresourcecorp.com
natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached by
a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State.
For further information, please contact:
Richard Lock, Executive CEO
Oroco Resource Corp.
Tel: 604-688-6200
Email: [email protected]
www.orocoresourcecorp.com
Neither TSX Venture Exchange nor Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange) accept 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.