PAPAGO 17 MINERAL CONCESSION GRANTED TO OROCO
PAPAGO 17 MINERAL CONCESSION GRANTED
VANCOUVER, British Columbia – (August 8, 2018) Oroco Resource Corp. (TSX-V: OCO) (OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce that the Papago 17 mineral concession, which hosts the southern extension of the Santo Tomas mineralization zone in Sinaloa, Mexico, has been formally granted to Ubaldo Trevizo Ledezma (“Trevizo”) of Choix, Sinaloa. Further to the Company’s news release of February 23, 2018, the Company, through its wholly-owned subsidiary, Minera Xochipala, S.A. de C.V., acquired from Trevizo a 77.5% interest in the application for the Papago 17 mineral concession, subject to a two percent net smelter royalty. Now that the concession has been granted, the Company will register its interest in the Mexican Public Registry of Mining.
The Papago 17 concession comprises approximately 213 hectares. Historic drilling indicates that a well-mineralized zone of quartz monzonite dikes and hornfelsed andesite of the established Santo Tomás mineralization zone passes southward onto the Papago 17 concession. The Santo Tomás mineralization zone is mapped on surface and drill tested along a strike length of 4 km on the Santo Tomás and Papago 17 concession areas. The Santo Tomas and Papago 17 reference map can be found at: Http://Orocoresourcecorp.Com/Portfolio/Santo-Tomas-Porphyry-Copper/
Commenting on the Papago 17 concession grant, Oroco President Craig Dalziel stated “We are very pleased that we have been able to realize the granting of the Papago 17 concession, which is so important to our land assembly initiatives in the Santo Tomas area. The Papago 17 concession hosts the most likely opportunity to increase the known area of the Santo Tomas mineralization zone, gives Oroco a certain foothold in the overall Santo Tomas project, and provides Oroco with an immediate exploration target while we work to resolve the title issues on the core concessions.”
For further information, please contact:
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
