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Oroco Announces Receipt Of Permits And Acquisition Of Right Of Way


January 26, 2012

VANCOUVER, British Columbia – (January 26, 2012) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) reports that it has reached important milestones in advancing its Cerro Prieto gold and silver project toward production.

Those important achievements are:

The authorization for the Change of Land Use can be activated by paying the prescribed environmental compensation fee by February 20, 2012.

The receipt of the MIA and authorization for the Change of Land Use provides the Company with the principal permits necessary to build the plant and operate an open pit, heap leach gold and silver project at Cerro Prieto for a period of 10 years, with a right to renew upon application.

The Company also reports the acquisition of a registered road and utilities right of way over the neighboring ranch to the west of the Cerro Prieto Project.  This right of way will allow the direct road and utilities access to the Cerro Prieto Project from the closest public road, a distance of approximately six kilometers.

About Oroco

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.  The Cerro Prieto Project consists of a group of 100% owned concessions comprising over 7,000 ha in northern Sonora State, Mexico.

For further information, please contact:
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
Tel: 604-688-6200

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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These historical resource estimate models are based upon historical resource estimates prepared by John Thornton in 2011. While, in the opinion of Dane A. Bridge, author of the revised NI 43-101 standard technical report, Geology, Mineralization and Exploration of the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit, Sinaloa, Mexico dated April 21, 2020 (the “Report”), reliable estimation practices were used, in order to upgrade or verify the historical estimations, resampling and assay of historical drill samples, twinning of historical drill holes, and a new program of regularly spaced drilling is required. No qualified person has undertaken sufficient work to classify the current mineral resources or mineral reserves upon which these models are based and the Company is not treating the estimates as current estimates of the mineral resources. The Company gives no assurance that either these models or the historical resource estimates upon which they are based are accurate, and does not undertake any obligation to update the models or to release publicly any update or revisions of the resource estimates except as required by applicable securities law. The reader is cautioned not to rely upon these models or the historical resource estimates upon which they are based.

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