The day we have been working toward has come!

All the time waiting for this story develop and patient accumulation of the last 18 months is about to pay off handsomely.

Oroco announced today they have won a massively important decision in Mexico.  The Amparo has stricken a fraudulently awarded decision by a previous court.  This judgement is so powerful there is no ability to appeal since it is as if it never happened.  The Mexican registry is now free to affect the transfer to Xochipala Gold, an Altamura Copper subsidiary.  Oroco will now proceed with the acquisition of Altamura, securing an ultimate 81% ownership of Santo Tomas a multi billion ton copper deposit in Northern Mexico.

Santo Tomas is not your usual “advanced project” so often talked about by Vancouver juniors.   The term usually means anything with a drill hole or two done by a previous owner.  In this case ST is indeed an advanced world class deposit.  It has over 30000 meters of drilling and has been brought to the pre feas stage by is last owner.  Previous work has outlined 8.5 billion pounds of copper metal in an unpopulated region of Northern Mexico.  The strip ratio is 1:1 or less when inferred tons are converted to indicated with some planned infill drilling, which could also double the amount of mineable pounds!

You can see this is truly a massive project and valuations could easily be over a billion dollars on a NPV basis.

Our investment thesis has been proven today, Oroco has prevailed and will now be able to begin a new path of moving a world class deposit forward toward an eventual sale for many multiples of todays share price!

Congratulations to everyone that is with us on this journey, its about to get interesting.

todays news

OROCO ANNOUNCES FAVOURABLE COURT DECISION

VANCOUVER, British Columbia – (May 7, 2019) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce that it has been advised by its Mexican legal counsel that the Mexican Federal Appeal Court has rendered an oral decision which materially affects the status of the Santo Tomas concessions (the “Concessions”). The decision will nullify a 2016 judgement (the “Judgement”) which had resulted from an unwarranted claim to the Concessions by Aztec Copper Inc. (“Aztec”) and its Mexican subsidiary. The Company is waiting for written confirmation of the appeal court decision prior to the resumption of trading.

The existence of the Judgment, and in particular its related annotation recorded in the Mexican Mining Registry, was an impediment to the registration of the Concession titles to Xochipala Gold S.A. de C.V., a subsidiary of Altamura Copper Corp. (“Altamura”). Oroco currently owns 13.0 percent of Altamura and holds an irrevocable option to acquire the balance of Altamura (refer to the Company’s news release of October 9, 2018). Once written confirmation of the appeal court decision has been received, the Company will proceed to register the Concessions in the name of Xochipala Gold S.A. de C.V.

The Company also reports that a criminal complaint against Aztec and Ron Arnold, the President of Aztec, for procedural fraud, in relation to the trial which resulted in the Judgement, has been filed with the Procuraduría General de Justicia de la Ciudad de Mexico.

For further information, please contact:

Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
Tel: 604-688-6200

www.orocoresourcecorp.com

May 7th, 2019
Categories: Uncategorized . Author: caliche