OROCO DRILLING EXTENDS NORTH ZONE STRIKE LENGTH
VANCOUVER, Canada – (July 15, 2022) Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the receipt of additional assay results from its drilling campaign at the Santo Tomas property (the “Property”) in northwestern Mexico, having received and quality controlled the drill results from Holes N013 and N014 in the North Zone deposit. Assay results through the first fourteen drill holes (10,293 m of drilling) are now received (see Table 1 below and Figure 1 at the Company’s website at www.orocoresourcecorp.com). A total of 20 holes have been completed in the North Zone to date.
The 2021-2022 drill program has now spanned 1100 m of strike length along the core of the North Zone mineral deposit. The drill program is proceeding well with the targeted mineralization intersected at the anticipated depths and intervals in most drill holes.
The Company is pleased that its drilling results continue to confirm the following:
Copper grades in holes N009 through N014 are comparable to the historical drilling reported on each related cross-section (see Plates 51-66, on the Company website). Results to date continue to confirm the geological conclusions and the 2009 Gradeshell Model contained in the 2019 Technical Report.
Holes N013 and N014 indicate that the Gradeshell remains confirmed in its structural strike and dip. However, importantly, the hanging wall mineralization is wider and nearer surface than first modelled from historical drilling. Targeting areas westward at shallow depths for the broader response in the 3D IP model under the Santo Tomas ridge is therefore confirmed.
“These drilling results continue to support and guide our exploration campaign and will help the focus on defining the Santo Tomas North Zone” said Richard Lock, Oroco’s CEO.
NORTH ZONE DRILLING:
Drill Holes N001 to N014 test the North Zone deposit perpendicular to its structural attitude. Core intervals for those holes are within approximately 10% of true thicknesses, except for N004. Assay results from the first fourteen drill holes (10,293 m of drilling) are now received and quality controlled.
Over the span of our drilling to date, drill holes N011 southward for 700 m to N010 establish the tenor the higher-grade portion of the North Zone (See Figure 1). Two diamond drill rigs are presently working on the North Zone, testing extensions northward, southward, and down-dip.
Northward: Drill hole N013 tests to the northwest and down-dip of drill hole N011.
Southward: Drilling has stepped out 350 m south of the previously reported drill hole N010 in an area concealed beneath a blanket of limestone and post-mineralization volcanic beds. Two
