VANCOUVER, July 9, 2019 /CNW/ - Oroco Resource Corp.
(TSX-V: OCO) ("Oroco" or "the Company") is
pleased to announce that it has engaged Mr. Mark Stevens, C.P.G., of Denver Colorado as a technical consultant to
the Oroco team. Mr. Stevens is initially leading an
independent geological review of the historical resource files
pertaining to the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit in
Sinaloa State, Mexico. Mr. Stevens will thereafter be a
central participant in the planning for an updated resource
estimate and additional exploration work at Santo Tomas, as part of
the technical and commercial advancement of the mining project.
Mr. Stevens is a highly experienced exploration, evaluation and
resource geologist who was formerly the V.P. Exploration for
Augusta Resources, whose primary asset was the world class Rosemont
Copper Project in southern Arizona. He was most recently V.P. Exploration
for Brio Gold with production and exploration in Brazil. Prior
to his time with Augusta Resources and the Rosemont project, Mr. Stevens was a Principal
Geologist with the international mining consulting firm of Pincock,
Allen & Holt.
Mr. Craig Dalziel, Oroco's CEO
commented: "We are very pleased to have a senior geologist with the
capabilities of Mark Stevens join
the Oroco team, as he has extensive experience with the technical
advancement of large-scale porphyry copper resource projects such
as that at Santo Tomas. We feel that his experience at
Rosemont, in particular, will be
invaluable in all areas of the project's development. Oroco
management is confident that Oroco is continuing to build a strong
team to carry the Santo Tomas project forward."
ABOUT OROCO:
The Company currently holds an irrevocable option to acquire 100
percent of Altamura Copper Corp., a private B.C. company which
holds a 50 percent interest in Compania Minera Ruero, S.A. de C.V.,
the registered owner of the Santo Tomas concessions, and an option
to acquire the other 50 percent interest. The Santo Tomas
concessions are a contiguous group of seven mineral concessions
located in Sinaloa State, Mexico. Altamura Copper Corp. also
holds a 66.7 percent interest in Xochipala Gold, S.A de C.V., the
owner of a net 85 percent unregistered contractual interest in the
Santo Tomas concessions. The Company and Altamura Copper Corp. are
pursuing the registration of the Santo Tomas concessions to
Xochipala Gold, S.A de C.V. for reason of its preferable ownership
and investment structure relating to the development of those
concessions (see the Company's most recent MD&A available on
SEDAR).
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Cautionary Note
Regarding Forward Looking Information
This news release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian securities legislation. All statements, other than
statements of historical fact included herein, including without
limitation, statements relating to future events or achievements of
the Company, are forward-looking statements. There can be no
assurance that such forward-looking statements will prove to be
accurate, and actual results and future events could differ
materially from those anticipated or implied in such statements.
Many factors, both known and unknown, could cause actual
results, performance or achievements to be materially different
from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements.
Readers should not place undue reliance on the
forward-looking statements and information contained in this news
release concerning these matters. Oroco does not assume any
obligation to update the forward-looking statements should they
change, except as required by law.
SOURCE Oroco Resource Corp.