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Enter Symbol
or Name
USA
CA



Oroco Resource Corp
Symbol OCO
Shares Issued 69,376,155
Close 2012-11-08 C$ 0.235
Market Cap C$ 16,303,396
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Oroco increases strike length by two km at Xochipala

2012-11-09 14:48 ET - News Release

Mr. Craig Dalziel reports

OROCO INCREASES STRIKE LENGTH AT XOCHIPALA

Oroco Resource Corp. has provided an update on the mapping and sampling program currently under way on its 100-per-cent-owned Xochipala property in Guerrero state, central Mexico.

The company commenced the mapping program in September in order to locate the contact between the intrusive and overlying sediments. Approximately two kilometres of the contact has now been identified on the Xochipala property, in addition to geological characteristics similar to known deposits in the Guerrero gold belt, including the existence of a strong magnetic signature and extensive areas of alteration associated with the contact between the intrusive and overlying sediments. Regionally, where the intrusive is gold bearing, high-grade gold mineralization is often found at or near the contact between the intrusive and the overlaying sediment.

Following up on the limited sampling program conducted by Oroco in 2008 (see the company's news release of Aug. 14, 2012), a second sampling program has commenced with the goal to establish the surface extent of mineralization in the intrusive and the contact zone. Oroco plans to channel sample all showings, rock exposures along road cuts and other areas of altered outcrop with the intention of developing drill targets that will include both high-grade structural and contact mineralization, and lower-grade intrusive mineralization. The company intends to take approximately 500 samples in the current program, with initial sampling concentrating on the endoskarn or intrusive, and then concentrate on the contact zone between the intrusive and the overlying sediments, and the exoskarn mineralization within the sediments. Road cuts on the property allow easy access to the highly altered rocks, which are an excellent sampling medium. Samples are continuous chip samples and are generally bagged over 1.5-metre intervals.

Qualified person

Kenneth R. Thorsen, BSc, PEng, is a director of the company and is a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Properties, of the Canadian securities administrators. He has verified the data (including sampling, analytical and test data) and prepared or supervised the preparation of the information contained in this news release.

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