Oroco Resource Corp.

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.» Mehr auf globenewswire.com

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.).» Mehr auf globenewswire.com

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.» Mehr auf globenewswire.com