Oroco Resource Corp. (TSX-V:OCO) (Frankfurt: OR6) (Pink Sheets: ORRCF)





Oroco Resource Corp., is a Canadian based mineral exploration company with primary focus on the accelerated development of the gold bearing zones of its Cerro Prieto project, a polymetallic (Au-Ag-Pb-Zn) project in Sonora State, Mexico.    

The Cerro Prieto project consists of the 100% owned, 2,723 total ha, San Felix, San Francisco and Cerro Prieto concessions and 4,120 ha of the connecting Argonauta 5 Fraccion 1 concession to which the Company holds an option to purchase (see May 14, 2009 news release).  During the first field season in 2008, the Company drilled 5,975 metres of core and tabled a NI 43-101 compliant resource estimate and the results of a preliminary metallurgical study (See May 11, 2009 news release).  The Company is moving the Cerro Prieto project forward with the rapid development of mineral resources, further metallurgy studies and the development of a preliminary assessment by an independent mining engineering services firm. 

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Latest News Releases

Read Full Release June 18, 2009
OROCO RESOURCES CORP GETS RELEIVED FROM FINDERS FEE

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May 25, 2009
OROCO RESOURCE CORP. ANNOUNCES PRIVATE PLACEMENT


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May 14, 2009
OROCO SIGNS OPTION TO PURCHASE AGREEMENT AND EXPANDS CERRO PRIETO LAND HOLDINGS

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May 13, 2009
GENERAL RESEARCH GmbH TO PROVIDE EUROPEAN INVESTOR RELATIONS SERVICES FOR OROCO RESOURCE CORP.

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May 11, 2009
OROCO RESTATES RESOURCE ESTIMATE ON CERRO PRIETO PROJECT AND RELEASES RESULTS OF PRELIMINARY METALLURGICAL STUDIES


Read Full Release February 26, 2009
ANDERSON FINANCIAL MARKETING TO PROVIDE INVESTOR RELATIONS SERVICES FOR OROCO RESOURCE CORP.

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January 27, 2009
OROCO REPORTS A 25.3 MILLION TONNE  INDICATED RESOURCE AND 4.69 MILLION TONNE INFERRED RESOURCE AT CERRO PRIETO

Read Full Release Nov, 28, 2008
SURFACE SAMPLING EXTENDS MINERALIZED ZONE AT CERRO PRIETO ALONG A STRIKE LENGTH OF 1,250 METERS

Read Full Release Nov 4, 2008
OROCO ANNOUNCES SENIOR MANAGEMENT ASSIGNMENTS

Media

LISTEN NOW

May 1, 2009
Ellis Martin of The Opportunity Show interviews Adam Smith of Oroco Resource Corp.




READ FULL ARTICLE


Monday, March 09, 2009
Oroco Resource Corp releases NI 43-101 Resource estimate
by Sam Kiri




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March 2-8, 2009

Pace Pays Off With Rapid Resource For Oroco
The Northern Miner
   
Ken Thorsen at Oroco Res. Corp's
Cerro Prieto Project
[VIEW LARGER IMAGE]
Ken Thorsen and Ing. Antonio Montante at
Oroco Res. Corp's Cerro Prieto Project
[VIEW LARGER IMAGE]

Analyst report on Oroco Resource Corp Oroco Resource Corp Oco.V March 1 09 Pdac


 



Winning Pick Oroco Resource Corp. added
to virtual portfolio at $0.18

Adam Smith, founder and director of business development for Oroco, presented his company to the club. Oroco has been public for one year, having completed its IPO last May at $0.55, with a clean share structure that has 27 million shares outstanding, of which management owns approximately 40%. Its flagship property, Cierro Prieto, hosts an existing resource with great potential to be expanded along a strike length that lies open for kilometres. Oroco just acquired land via an option that was owned by Yamana so OCO now owns or has an option to own most of the entire mineralized shear zone. An open pitable oxidized zone with 300,000 ounces of gold now has the potential to expand to a million+ ounces. The deposit also hosts silver, lead, and zinc, with 500 million pounds zinc currently, a resource that could also be significantly improved once the full land package has been drilled.

Oroco is also run by a highly respected management team in Ken Thorsen, who was in attendance last night, and Steven Leahy. Ken ran the exploration division of Teck Resources for over 7 years, and Steve put a large tungsten deposit into production for North American Tungsten.

OCO has laid out a timetable that, if adhered to, will lead the company to production by April 2011. Now the company just needs some cash. Cash of course was the only commodity that venture companies couldn't find a little while back, but with the current improvement in commodity prices, projects of merit are attracting funds. Adam informed the meeting that the company has renewed its discussions with an institutional audience and seemed highly confident that Oroco would raise the needed funds with ease.

The company is ready to embark on a promotable news flow frenzy. It has aquired further land, hired a European institutional IR professional, and initiated a timetable beginning with a swiss cheese drill program that will flow into further mining engineering studies and updated resource calculations, culminating in the projected April, 2011 mine start. Oroco believes it can build the mine with as little as $10-20 million, much less than the cost of most mining projects.

A company with such a clear plan for the future, trading at less than half its recent IPO price, how could a vulture say no?

Our next meeting is set for Wednesday, June 17th and we'll be emailing everyone shortly to RSVP.


To contact the organizers as a group or to submit stock picks or to suggest a topic for a future meeting, please send us an email to: stocks@vniclub.com

Happy Investing!

The Vultures' Nest Investment Club
www.vniclub.com

 


Dear Vultures,

This Vulture Alert comes to you straight from the annual PDAC mining conference in Toronto, which wrapped up on Wednesday. Although the attendance was down about 25% from last year, not surprisingly given the state of the market, the mood was cautiously optimistic and it gave us the time to talk to a host of companies that may become future Vulture Alerts. With the collapse of commodity prices over the last year and gold about the only place seeing growth, we like some of the opportunities in this space. At the PDAC, we also met with many strategic investors from Asia that are on big shopping sprees trying to secure future supplies of base and precious metal commodities. They see this weakness as a time to buy into and help advance quality assets so they can secure the future production rights.

One company stood out from that crowd right now, and that is Oroco Resource Corp. (OCO - TSXV). Oroco recently released (January 27th) a NI 43-101 resource calculation on its 100% owned Cerro Prieto property in Sonora State, Mexico. The contained metal in the resource in the Indicated category is  25,250,000 tonnes with 422,145 ounces Au, 6,981,641 ounces Ag, 189.2M lbs Pb, and 567.6M lbs Zn. In the Inferred category they have a further 4,690,000 tonnes of 25,635 ounces Au, 2,925,313 ounces Ag, 54.8M lbs Pb, and 174.7M lbs Zn. And the grade in both those categories is over 0.5 g/t Au and almost 9 g/t Ag Indicated and 0.17 g/t Au and 19.4 g/t Ag Inferred. And all this was done with just $1.25 million and only five months of drilling!!!

The concessions cover land that was a privately...

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