Articles from Oroco Resource Corp.

Featuring Executive Chairman, Craig Dalziel and President, Ian Graham

VANCOUVER, Canada, May 15, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO; OTC: ORRCF) (“Oroco” or the “Company”) is pleased to announce three pivotal developments that mark significant steps forward for the Company and its flagship Santo Tomás Copper Project located in northwestern Mexico.

VANCOUVER, Canada, April 15, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or the “Company”).   Last week Oroco presented at the Mexican Discoveries 2025 Conference to update the Mexico resource sector on our corporate progress and the planned commencement of environmental baseline studies and the community consultation process relating to the Santo Tomas Project.

VANCOUVER, Canada, April 02, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or the “Company”)  Last week in Culiacan, Sinaloa, Craig Dalziel, Oroco's Chairman, and other members of Oroco’s Senior Management Team met with Rubén Rocha Moya, the Governor of Sinaloa, Ricardo Velarde Cárdenas, Secretary of the Economy for Sinaloa, and other senior state government officials, to discuss the advancement of the Santo Tomás Copper Project in Choix, Sinaloa.  The Governor recognizes the project's potential for responsible development, investment, and long-term economic growth, and confirmed the potential contribution of the Santo Tomás Project to the future of the state economy, particularly that of the Municipality of Choix.  The Governor stated that his government is committed to generating good jobs in the Choix region through environmentally and socially sustainable development.

VANCOUVER, Canada, March 26, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or the “Company”). This week in Mexico City, Craig Dalziel, OCO's Chairman, and other members of Oroco’s Senior Management Team met with Dr. Luis Rosendo Gutiérrez Romano, Undersecretary of the Mexican Economy, and other senior federal and state government officials to discuss the continued advancement of the Santo Tomás Copper Project in Choix, Sinaloa.

VANCOUVER, Canada, March 03, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) raising gross proceeds of $2,303,555.75 through the sale of 9,214,223 units at a price of $0.25 per unit.  Each unit consists of one share and one share purchase warrant.  Each share purchase warrant entitles the holder to purchase one share at the price of $0.40 per share for a period of 24 months from closing.

VANCOUVER, Canada, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO;  OTCQB: ORRCF,  BF: OR6) announces that due to the ongoing Canada Post strike (the “Postal Strike”), the information circular and related materials (the “Meeting Materials”) for its upcoming Annual General Meeting (the "Meeting") to be held on Thursday, December 12, 2024, are posted under the Company's profile on www.sedarplus.ca and on the Company's website at www.orocoresourcecorp.com/investors/agm-materials/.  Shareholders of the Company are encouraged to access the Meeting Materials directly through the above-mentioned website.  While the Meeting Materials have been mailed in the normal course, due  to the Postal Strike there can be no assurance that they will be delivered prior to the Meeting.

Vancouver, Canada, Nov. 21, 2024 (GLOBE NEWSWIRE) -- VANCOUVER, CANADA, November 21st, 2024 – Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO;  OTCQB: ORRCF,  BF: OR6) is pleased to report its ongoing corporate activities, including preparations for the Phase 2 technical work on the Santo Tomas Project.  This update builds upon the August 20th News Release and Subsequent August 26th filing announcements that highlight the compelling economic case for Santo Tomas provided in its updated PEA, which case demonstrates a 22.6-year Life of Mine copper-molybdenum-gold-silver project featuring post-tax economic metrics supporting a US$1.48 billion post-tax NPV.

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. 

Vancouver, Canada, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corporation. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce a revised Preliminary Economic Assessment (“PEA”) and updated Mineral Resource Estimate (“MRE”) for the North Zone and South Zone of its Santo Tomas Porphyry Copper Project (“Santo Tomas” or the “Project”) in Sinaloa State, Mexico. The PEA is based on a staged open pit mine and processing plant achieving 60,000 tonnes per day (“t/d”) production in year 1 and expanding to 120,000 t/d in year 8 over a 22.6-year Life of Mine (“LOM”). Production is preceded by two years of construction and one concurrent year of pre-stripping. The PEA has been prepared by Ausenco Engineering USA South Inc. (“Ausenco”). The updated MRE and geologic model were prepared by SRK Consulting (U.S.), Inc. of Denver, Colorado and SRK Consulting (Canada) Inc., Vancouver, BC (jointly “SRK”). SRK (Canada) was responsible for geotechnical modeling. The mine planning and mine costs components of the PEA were prepared by SRK (U.S.).

VANCOUVER, British Columbia, June 07, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or the “Company”) is pleased to announce that it has completed its previously announced brokered private placement of 14,051,127 units of the Company (the “Units”) at a price of $0.45 per Unit for aggregate gross proceeds of $6,323,007.15 (the “Offering”), which includes the partial exercise of the Agents’ option. Each Unit is comprised of one common share in the capital of the Company (a “Common Share”) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.65 for 24 months following the closing date of the Offering.

VANCOUVER, Canada, April 09, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces that pursuant to the Company's Stock Option Plan and subject to approval by the TSX Venture Exchange, it has granted a total of 6,235,000 incentive stock options to 33 directors, officers, employees and consultants of the Company at an exercise price of $0.75 per share, with a term of 3 years.  Of that total option grant, 3,075,000 incentive options have been granted to officers and directors of the Company.  All options will vest in 4 installments with one-quarter vesting on the grant and thereafter upon each of the 3, 6, and 9-month anniversaries of the grant.  The Company now has 13,685,000 incentive options outstanding, equating to 6 percent of the currently issued and outstanding shares of the Company, at an average exercise price of $1.42 per share.

Vancouver, Canada, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) raising net proceeds of $1,028,000 through the sale of 2,570,000 units at a price of $0.40 per unit.  Each unit consists of one share and one share purchase warrant.  Each share purchase warrant entitles the holder to purchase one share at the price of $0.65 per share for a period of 18 months from closing.

Vancouver, Canada, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) raising gross proceeds of $1,454,302.80 through the sale of 3,635,757 units at a price of $0.40 per unit.  Each unit consists of one share and one share purchase warrant.  Each share purchase warrant entitles the holder to purchase one share at the price of $0.65 per share for a period of 18 months from closing.

Vancouver, Canada, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce a non-brokered private placement to raise gross proceeds of up to $1,000,000 (the "Private Placement") through the issuance of up to 2,500,000 units (each a "Unit") at a price of $0.40 per Unit.  Each Unit is comprised of one common share in the equity of the Company (each, a “Share”) and one share purchase warrant entitling the holder to acquire one additional Share for $0.65 for a period of 18 months from the closing date.

Vancouver, Canada, Dec. 01, 2023 (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. 

Vancouver, Canada, Nov. 30, 2023 (GLOBE NEWSWIRE) -- November 30, 2023) Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) raising gross proceeds of $2,691,940 through the sale of 6,729,850 units at a price of $0.40 per unit.  Each unit consists of one share and one share purchase warrant.  Each share purchase warrant entitles the holder to purchase one share for a period of 18 months from closing at a price of $0.65 per share.

Vancouver, Canada, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corporation. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce a non-brokered private placement to raise gross proceeds of up to $2,500,000 (the "Private Placement") through the issuance of up to 6,250,000 units (each a "Unit") at a price of $0.40 per Unit.  Each Unit is comprised of one common share in the equity of the Company (each, a “Share”) and one share purchase warrant entitling the holder to acquire one additional Share for a period of 18 months from the closing date for $0.65.

Pre-Tax NPV (8%) of US$2.3 Billion, After-Tax NPV (8%) of US$1.2 BillionPre-Tax IRR of 23.0% After-Tax IRR of 17.3%Average annual copper production of 292 M lb per year over first 5 years of full production

Vancouver, Canada, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce that it has closed a fully subscribed non-brokered private placement (the “Private Placement”) raising gross proceeds of $1,750,000 through the sale of 2,692,308 units at a price of $0.65 per unit.   Each unit consists of one share and one share purchase warrant.  Each share purchase warrant entitles the holder to purchase one share for a period of 24 months from closing at a price of $0.90 per share.

Vancouver, Canada, June 16, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce that it has filed a report titled Santo Tomas Project NI 43-101 Technical Report Mineral Resource Estimate” (the “Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”). The Report is in support of the mineral resource estimate for Oroco’s Santo Tomas Project in Sinaloa Mexico, previously reported in the Company's news release of May 3, 2023.

Vancouver, Canada, May 09, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces the assay results from drill holes N046 and N047 (see Table 1) of its North Zone drilling program at its Santo Tomas property (the “Property”) located in northwestern Mexico (see Figure 1, attached and on the Company's website).  These holes (1,460m of drilling) constitute the final drill holes of Oroco's 2021-2023 program. To view an interactive 3D model that includes today’s results, please use the following link: https://vrify.com or visit Oroco's website: www.orocoresourcecorp.com. These holes (1,460m of drilling) constitute the final drill holes of Oroco's 2021-2023 program.

Vancouver, Canada, May 03, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce a mineral resource estimate (“MRE”) for its Santo Tomas Porphyry Copper Project in Sinaloa State, Mexico prepared by SRK Consulting (U.S.), Inc. (“SRK”) of Denver, Colorado.

Vancouver, Canada, April 25, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces a correction to the assay results from drill hole N044 of its North Zone drilling program at its Santo Tomas property (the “Property”) announced on April 20, 2023.  A data transfer error occurred in the transfer from one system to another in the calculations conducted by a third-party consulting firm (see Table 1, below). 

Vancouver, Canada, April 25, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces a correction to the assay results from drill hole N044 of its North Zone drilling program at its Santo Tomas property (the “Property”) announced on April 20, 2023.   A data transfer error occurred in the transfer from one system to another in the calculations conducted by a third-party consulting firm (see Table 1, below).

Vancouver, Canada, April 20, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces the assay results from drill holes N044 and N045 (1,553 m of drilling) of its North Zone drilling program at its Santo Tomas property (the “Property”) located in northwestern Mexico (see Table 1, Figure 1 on the Company’s website) and the North Zone cross-sections, attached).  To view an interactive 3D model that includes the results announced today, please use the following link: https://vrify.com or visit Oroco's website: www.orocoresourcecorp.com.

Vancouver, Canada, April 04, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the grant of 450,000 incentive stock options (the “Options’) to Richard Lock, CEO and Director of the. Company

Vancouver, Canada, March 29, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces the assay results from drill holes S019 through S021 (1,553 m of drilling) of its South Zone drilling program at its Santo Tomas property (the “Property”) located in northwestern Mexico (see Table 1, Figure 1 (Figure 3 on the Company’s website) and the South Zone cross-sections, attached).  To view an interactive 3D model that includes the South Zone results announced today, please use the following link: https://vrify.com or visit Oroco's website: www.orocoresourcecorp.com.

VANCOUVER, British Columbia – (March 17, 2023), March 17, 2023 (GLOBE NEWSWIRE) -- March 17, 2023                                                                                                         NEWS RELEASE

Vancouver, Canada, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces assay results from drill holes S004 through S018 (8,547 m of drilling) of its South Zone drilling program at its Santo Tomas property (the “Property”) located in northwestern Mexico (see Table 1, Figure 3 and the South Zone cross-sections, attached).  To view an interactive 3D model that includes the South Zone results announced today, please use the following link: https://vrify.com or visit Oroco's website: www.orocoresourcecorp.com.

Vancouver, Canada, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces further assay results from the North Zone drilling program at its Santo Tomas project (the “Property”) located in northwestern Mexico.  Holes N039 to N043 totalled 2,668 m of drilling which demonstrated continuity of good grade mineralization, including 135 m of 0.60 CuEq (see Table 1 and Figure 1 attached).  The strike length of the North Zone now spans approximately 1,600 m.  To view an interactive 3D model that includes the North Zone results announced today, use the following link: https://vrify.com or visit Oroco's website: www.orocoresourcecorp.com.

Vancouver, Canada, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces that its shareholders have approved the Company’s amended 10% rolling stock option plan (the “Plan”) at its Annual General Meeting of Shareholders held on December 16, 2022 (the “Meeting”). 

Vancouver, Canada, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces assay results from drill holes N032 through N038 (4,046 m of drilling) of its drilling program in the North Zone of its Santo Tomas property (the “Property”) located in northwestern Mexico (see Table 1 below and Figure 1 attached, or at the Company’s website).

Vancouver, Canada, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces assay results from drill holes S001 through S003 (2,052 m of drilling) of its drilling program in the South Zone of its Santo Tomas property (the “Property”) located in northwestern Mexico (see Table 1 below and Figure 1 attached, or at the Company’s website).

Vancouver, Canada, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces assay results from an additional 2,668 m of drilling from Holes N027 through N031 of its drilling program in the North Zone and 1,456 m of drilling from holes B006 and B007 in the Brasiles Zone (see Table 1 and Figures 1 and 2 attached, or at the Company’s website) of its Santo Tomas property (the “Property”) located in northwestern Mexico. To view an interactive 3D model that includes the North Zone results announced today, use the following link or visit Oroco's website: https://vrify.com/companies/oroco-resource-corp

Vancouver, Canada, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces assay results from an additional 3,594 m of drilling from Holes N019 through N026 of its drilling program in the North Zone of its Santo Tomas property (the “Property”) located in northwestern Mexico (see Table 1 below and Figure 1 attached, or at the Company’s website.  To view an interactive 3D model that includes the results announced today, use the following link or visit Oroco's website: https://vrify.com/companies/oroco-resource-corp