Santo Tomás Title Transfer Completed

About this update from Oroco Resources Corp.

[{"type":"text","content":"\n\n\n\nSanto Tomás Title Transfer Completed\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Jan. 9, 2020\n\n\n\nVANCOUVER, Jan. 9, 2020 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) (\"Oroco\" or \"the Company\") is very pleased to announce the registration, in the Mexican Public Registry of Mining, of the transfer of all seven core concessions of the Santo Tomás copper porphyry project to Xochipala Gold, S.A. de C.V. (\"XG\").  XG is now the registered holder of a 100% interest in each of the seven concessions.  XG is a subsidiary of Altamura Copper Corp. (\"Altamura\"), a B.C. company whose shares are subject to an irrevocable share purchase option held by Oroco.   \nMr. Craig Dalziel, President of Oroco, stated, \"This registration completes an arduous and complicated 10 year private and public acquisition process that will deliver tremendous value to the shareholders of Oroco.  The Company is now in position to undertake the second major phase of its corporate development plans with the immediate acceleration of its exploration activities at Santo Tomás and its ultimate objective of positioning the project as a world-class acquisition target.\"\nABOUT OROCO:\nThe Company holds an irrevocable option to acquire, via the ownership of Altamura Copper Corp., a net 56.7% interest in the collective 1,172.9 ha seven core concessions of the Santo Tomás Project in NW Mexico, and may increase that majority interest up to a net 81.0% interest with project investment of up to CAD$30 million.  The exercise of the Altamura share purchase option by Oroco is subject to TSX-V approval.  The Company also holds a 77.5% interest in 7,807.9 ha of mineral concessions surrounding and adjacent to the core concessions (a total project size of 22,192 acres).  The Project is situated within the Santo Tomás District, which extends from Santo Tomás to the Jinchuan Group's Bahuerachi project, approximately 14 km to the north-east.  Santo Tomás hosts a significant copper porphyry deposit defin...

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