EXPLORATION, DISCOVERY, AND DEVELOPMENT
OF MINERAL WEALTH
IN MINING FRIENDLY MEXICO
Oroco is a Canadian-based mineral exploration company with its primary focus on the accelerated development of the gold bearing oxide zones of its Cerro Prieto project in mining friendly Sonora State, Mexico.
On April 29, 2010 Oroco released its second NI 43-101 compliant Resource Estimate incorporating data from drill programs conducted in 2009 and 2010. The Cerro Prieto project, envisioned as an open pit oxide gold mine, has a Measured and Indicated Resource of 14,740,000 Tonnes grading 0.71 g/T gold and 12.83 g/T silver with a contained 383,833 ounces of gold and 6,080,000 ounces of silver. In an Inferred Resource there are an additional 5,900 ounces of gold and 113,000 ounces of silver (for a total gold equivalent resource, M&I plus Inferred of 493,000 ounces*).
The current Resource Estimate is based on detailed drilling on 1,000 meters of strike length and to a depth of 300 meters. In total Oroco has drilled 14,500 meters in 60 holes on 2,000 meters of strike length. The Cerro Prieto project consists of the 6,843 ha of 100% owned concessions encompassing 17.5 km of strike length and carries significant potential for resource expansion.
Oroco is moving the Cerro Prieto project forward with the rapid development of mineral resources, detailed second phase metallurgy studies after a successful first phase, an environmental assessment which will be filed with Mexican authorities for the purpose of advancing mine permitting, and the development of a preliminary economic assessment by an independent mining engineering firm.
Oroco is helmed by industry professionals with a history of exploration, development, and operational success.
*Estimated at a 60 to 1 Silver/Gold ratio with metallurgical recoveries and net smelter returns assumed to be 100%.
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