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The latest announcement is out from Oroco Resource ( (TSE:OCO) ).
Oroco Resource Corp. has begun Phase 2 drilling at its Santo Tomás copper project in northwestern Mexico, mobilizing a diamond drill rig to the South Zone to support upgrading mineral resource classifications. The company, which recently completed a significant Phase 1 drill program that underpinned updated resource estimates and a PEA, aims to refine its geological and grade models to bolster confidence for future mine planning and engineering.
The new campaign will focus on infill and confirmation drilling, with additional rigs to be added as needed, while running parallel Pre-Feasibility Study programs in hydrogeology, geotechnics and metallurgy to advance engineering and reduce technical risk. Management framed the restart of on-site work as an important step for both shareholders and the supportive local community, underscoring Santo Tomás’s potential economic contributions and reinforcing Oroco’s efforts to move the project toward development readiness.
The most recent analyst rating on (TSE:OCO) stock is a Hold with a C$0.61 price target. To see the full list of analyst forecasts on Oroco Resource stock, see the TSE:OCO Stock Forecast page.
Spark’s Take on TSE:OCO Stock
According to Spark, TipRanks’ AI Analyst, TSE:OCO is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue losses and ongoing cash burn), partially offset by a strong, low-debt balance sheet. Technicals are a key positive, with a clear uptrend and supportive momentum, while valuation remains unattractive/unclear due to negative earnings and no dividend support.
To see Spark’s full report on TSE:OCO stock, click here.
More about Oroco Resource
Oroco Resource Corp. is a Canadian mineral exploration and development company focused on advancing its Santo Tomás copper project in northwestern Mexico. The company holds an effective 87% interest in the 1,173-hectare core concessions and an 80% interest in additional surrounding concessions, targeting large-scale porphyry copper mineralization supported by historic and recent drilling.
Average Trading Volume: 1,129,905
Technical Sentiment Signal: Buy
Current Market Cap: C$188.3M
For detailed information about OCO stock, go to TipRanks’ Stock Analysis page.