Oroco Resource Corp. Commences Phase One Drilling Program At Past Producing Cerro Prieto Mine.
April 24, 2008
VANCOUVER, BRITISH COLUMBIA – April 24, 2008 – Oroco Resource Corp. (TSX-V: OCO) is pleased to announce that it has initiated its 2008 drilling program at its wholly owned Cerro Prieto project in Sonora, Mexico. On April 22, Phase I diamond drilling commenced at the Cerro Prieto project for the purpose of confirming historic drill results, potentially expanding the mineralized zone and developing a NI 43-101 compliant resource. Oroco has contracted Canmex Diamond Drill S.A. de C.V. of Mazatlan, Mexico to conduct the Phase I drilling.
In the four weeks since the completion of Oroco’s Initial Public Offering the company has been successful in securing surface access rights for the Cerro Prieto project, has engaged a crew managed by geologist Antonio Montante of San Luis Potosi, Mexico, and has secured the necessary machinery and infrastructure to conduct a comprehensive field program.
Oroco’s 2008 Phase I exploration program will include a 6,000 metre diamond drilling program in the area of the past producing Cerro Prieto Mine to confirm historic results and test below the historic workings. The program will also include surface mapping, sampling within the historic Cerro Prieto Mine workings and surrounding property, trenching across the vein systems at 200 metre intervals, ground geophysical surveys and initial small scale (bench) metallurgical testing. A contingent Phase II program will include an additional 20,000 metres diamond drilling including detailed infill, extension surface drilling and underground drilling, and will also include rehabilitation and mapping of underground workings.
Oroco is a Canadian mineral exploration company which holds a 100% interest in six mineral concessions in Mexico. The company’s primary focus is the Cerro Prieto Mine, a historic polymetallic deposit in Sonora, Mexico and the nearby 2,508 hectare Cerro Prieto North concession. In addition, Oroco holds three mining concessions in Guerrero, Mexico totaling 293 hectares.
Director Ken Thorsen, BSc Geological Engineering, P Eng, is the company’s Qualified Person for the Cerro Prieto Project. Mr. Thorsen is responsible for the current exploration and development program and has reviewed the content of this release.
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