Oroco Resource commences Phase 2 derilling at Santo Tomas

Oroco Resource (ORRCF) has mobilized a diamond drill rig to its Santo Tomas copper project, located in northwestern Mexico, to commence drilling intended to support the upgrade of the mineral resource classifications in the project’s South Zone. This mobilization represents the practical start of Oroco’s Phase 2 on-site work program following the Company’s recent financing led by Canaccord Genuity. Initial work will prioritize both infill and confirmation drilling designed to refine the geological and grade model in areas where increased drilling density is expected to support improved confidence for future mine planning and engineering work. Additional drills will be added as required. In parallel with the resource-classification drilling, Oroco will undertake complementary Pre-Feasibility Study programs intended to advance project engineering and reduce technical risk. Those programs will include the following work: Hydrogeological, including collection of baseline and operational water data, targeted hydrogeological testing where required, and integration of results into water management planning; Geotechnical, including systematic geotechnical logging of drill core, core orientation and structural data where appropriate, and the collection of parameters relevant to pit slope and infrastructure design; and Metallurgical, including additional sample collection to support variability, comminution, and process-response testing to a PFS standard. Commenting on the mobilization, Oroco’s Chairman, Craig Dalziel stated: “The mobilization to the South Zone at Santo Tomas marks the restart of a project that is not only of great value to the shareholders of Oroco but is also essential to the future of a local community that, along with the regional government, has been so supportive of the project. We are so very thankful to be located in an area of Mexico where the potential benefits of the Santo Tomas Project are so widely appreciated. We look forward to the many contributions, both local and federal, that the success at Santo Tomas is likely to provide.”