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Oroco Resource Announces Filing of Technical Report and PEA Update Webinar
VANCOUVER, CANADA, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce t
About this update from Oroco Resources Corp.
[{"type":"text","content":" VANCOUVER, CANADA, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce the filing of an independently prepared Preliminary Economic Assessment (“PEA”) technical report (the “Report”) for its Santo Tomas Project in Sinaloa, Mexico. The Report, dated August 20, 2024 and titled “Santo Tomas Copper Project NI 43-101 Technical Report and Preliminary Economic Assessment”, has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure of Mineral Projects. Results of the PEA were previously announced in the Company’s news release dated August 20, 2024. There are no differences in the Report from those results previously reported. The Report is available on the Company’s website at www.orocoresourcecorp.com and on SEDAR under the Company’s issuer profile at www.sedarplus.ca. WebinarOroco invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our upcoming webinar to discuss the PEA. Richard Lock, CEO, Andrew Ware, Principal Geological Consultant, and Adam Smith, Corporate Finance, will discuss the recently announced Preliminary Economic Assessment and next steps in advancing the Santo Tomas porphyry project. Webinar Details:Date: Wednesday, August 28thTime: 11:00 AM PDTRegister for the webinar using the following link: https://us06web.zoom.us/webinar/register/WN_duOqHp_9SHmXYL9cmVhs3A ABOUT OROCO The Company holds a net 85.5% interest in those central concessions (the “Core Concessions”) comprising 1,173 hectares of the Santo Tomas Project located in northwestern Mexico. The Company also holds an 80% interest in an additional 7,861 hectares of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project is situated within the Santo Tomas District, which extends up to the Jinchuan Group’s Bahuerachi Project, approximately 14 km to the northeast. The Project hosts significant copper porphyry mineralization defined by prior exploration spanning the period from 1968 to 1994. During that time, the Project area was tested by ove...