VANCOUVER, BRITISH COLUMBIA – (Marketwire – November 4, 2008) – Oroco Resource Corp. (“Oroco” or the “Company”) (TSX-V: OCO) is pleased to announce the appointment of Mr. Ken Thorsen to the position of President and Chief Executive Officer of the Company commencing on November 1, 2008. Mr. Thorsen will replace Mr. Stephen Leahy who will remain with the company as Executive Chairman and a member of the board of directors.
Mr. Thorsen has been a director of Oroco since November of 2006 and has been managing field programs for Oroco since the completion of the Initial Public Offering in March of 2008.
Mr. Thorsen has over 40 years experience in the mining business including 15 years as a student and field geologist with Selection Trust, three years with Saskatchewan Mining and Development Corporation (Cameco), 21 years with Teck Corporation and six years as a consultant. During this period, Mr. Thorsen was directly involved at the field level with the discovery of three ore bodies and at the management level with the discovery and development of three additional ore bodies. Prior to becoming a consultant in 2002, Mr. Thorsen worked in senior exploration management at Teck, including a two year period managing its world wide exploration as President of Teck Exploration Ltd.
During his career Mr. Thorsen has been involved in exploration projects for base metals, precious metals, diamonds and uranium in the Americas, Australia and Asia.
Mr. Thorsen is a Professional Engineer registered in Ontario and British Columbia and is a long standing member of the Canadian Institute of Mining, the Mining Association of British Columbia and the Prospectors and Developers Association of Canada.
Speaking of the appointment, Mr. Thorsen says “The Company’s Cerro Prieto Project in Sonora, Mexico is a project with an exciting future and it will be a pleasure to be a part of that future. I am looking forward to the challenges associated with managing Oroco through the exploration and potential development of the Cerro Prieto Project.”
Oroco holds a 100% interest in six mineral concessions in Mexico including the 2,723 hectare Cerro Prieto polymetallic project in Sonora State, Mexico. In April of this year the Company commenced the recently complete phase 1 drill program at Cerro Prieto on which the mineralized zone has now been drill tested at 100 meter centers along a strike length of at least 600 meters to a maximum depth of 400 meters.
For further information, please contact:
Oroco Resource Corp. Tel: 604-688-6200
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