EXPLORATION, DISCOVERY, AND DEVELOPMENT OF MINERAL WEALTH IN MINING FRIENDLY MEXICO
Oroco Resource Corp. (TSX-V:OCO) is a Canadian-based mineral exploration company whose primary focus is the development of precious metal projects in Mexico.
Oroco owns a 100% interest in the the Xochipala project, consisting of important and historical concessions contained within the original Morelos National Mining Reserve, more recently named the Guerrero Gold Belt. The GGB hosts several multi-million ounce gold reserves and resources and an aggregate resource of over 20 million ounces of gold.
Xochipala was the site of the original gold discovery in the region, and hosted the region's first gold mining operations. The property is just four kilometers from Goldcorp's Los Filos Mine, and the geological structures contained within the boundaries of Xochipala share important characteristics with the known gold-bearing structures in the GGB. Xochipala remains among the last, known under-explored geological structures of this type in the region.
With the sale of the Cerro Prieto gold project concluded as of August 31, 2013 Oroco is debt free, holds a royalty on gold production at that property as well as significant balance sheet assets with the potential of future monetization.
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