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Oroco Resource: Brasiles Drilling Tests The Northward Extension Of The Santo Tomas North Zone
Vancouver, Canada, June 23, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces the results of the first
About this update from Oroco Resources Corp.
[{"type":"text","content":" Vancouver, Canada, June 23, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces the results of the first round of exploration drilling on the Brasiles Zone of its Santo Tomas property (the “Property”) in northwestern Mexico. Six diamond drill holes are completed, of which results have been received for five. A program of surface geological mapping is also underway by SRK Consultants (Canada) Inc. and the Company’s geologists. Brasiles Zone is the locus for the most extensive area of altered, Laramide-age intrusion on the Property. Surface mapping and a co-incident zone of low resistivity in the Dias Geophysical 3D Induced Polarization survey (2021) delineate an extension of the prospective Laramide monzonite dike swarm and stocks for a total of 3.5 km north of the North Zone. The initial round of diamond drilling was conducted in two regions of the Brasiles Zone. The Brasiles Main Zone is a prominent gossan on the north bank of the Fuerte River. Exall Resources Limited’s historical records cite three drill hole collars in that area but included no record of the drilling results. The field programs could find no evidence of the drill collars at the reported locations. Furthermore, two drill holes (B001 and B002) were collared to test that historical area. Drilling encountered limestone, strongly altered and pyritic andesite volcanics and monzonite intrusion. No significant base or precious metal mineralization was intersected. “While we were unable to identify any significant mineralization in the area of the Brasiles Zone most proximate to the historical exploration activity, we were very encouraged by our initial results from the Brasiles West Zone,” stated Craig Dalziel, Oroco’s Executive Chairman. The Brasiles West Zone is located on the western fringe of the Brasiles Main zone. It is a NNE trending zone at surface, partly concealed under a veneer of post-mineralization Sierra Madre Occidental formation conglomerate. The Company tested Brasiles West with diamond drill holes B003 to B006. Assay results are available for all holes except B006. See Figure 1, attached, or the Company’s website www.orocoresourcecorp.com for the location of the Brasiles Zone drilling. Significant assay results from B003 to B00...