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Oroco Announces Receipt of a Draft Technical Report for the Santo Tomas Porphyry Project, Sinaloa, Mexico
Oroco Announces Receipt of a Draft Technical Report for the Santo Tomas Porphyry Project, ...
About this update from Oroco Resources Corp.
[{"type":"text","content":"\n\n\n\nOroco Announces Receipt of a Draft Technical Report for the Santo Tomas Porphyry Project, Sinaloa, Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 7, 2019\n\n\n\nVANCOUVER, June 7, 2019 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) (\"Oroco\" or \"the Company\") is pleased to announce the receipt of the initial draft of an Independent Technical Report regarding the Geology, Mineralization, and Exploration of the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit in Sinaloa, Mexico (\"the Technical Report\"). The Technical Report has been prepared by Dane A. Bridge Consulting Inc. of Calgary, Alberta, for use by the Company and by Altamura Copper Corp. (\"Altamura\") for filing as a Technical Report with Canadian securities authorities pursuant to National Instrument 43-101, Standards of Disclosure for Mineral Projects, per the NI 43-101F guidelines.\nAs announced by the Company on May 7th and May 9th, 2019 regarding a favourable final and written decision of the federal appeal court in Mexico (\"the Decision\"), which decision is not subject to appeal, the Company may now proceed to register the Santo Tomás Concession titles to Xochipala Gold S.A. de C.V., a subsidiary of Altamura.  Oroco currently owns 13.0 percent of Altamura and holds an irrevocable option to acquire the balance of Altamura (refer to the Company's news release of October 9, 2018). Together with the Decision, the receipt of the Technical Report provides the Company with a current, compliant technical basis upon which to advance the Santo Tomás Project by confirming and extending t...