HIGHLIGHTS
- Drill hole N039, drilled approximately 200 m downdip from N001 (255 m of 0.39% CuEq) and 200 m up dip from N029 (106.1 m of 0.31 CuEq) demonstrates the continuity of good grade mineralization in the
North Zone at plate 59, confirming and expanding the Cu >0.30% Gradeshell model (the “Gradeshell”) defined in the Company’s 2019 Technical Report. - Drill hole N040 returned one of the deepest intersections of copper in the
North Zone as it intersected a downdip extension of theNorth Zone to 200 m below sea level, demonstrating that mineralization extends 700 m downdip from surface while still being open downdip and to the west. - Drill holes N041, N042 and N043 continued testing the southern end of the
North Zone as the Company continued its efforts to confirm shallow-seated higher-grade mineralization at the southern end of theNorth Zone and to define its southern extent.- Drill hole N041, collared at plate 40, was drilled downdip of N032 (88.7 m of 0.34% CuEq), confirms the Gradeshell while defining the southern limit of the
North Zone . - Drill hole N042, collared at Plate 44, 200 m north of drill hole N041, returned mineralization that is both broader and of higher grade than predicted by the Gradeshell.
- Drill hole N043, collared at plate 38, intersected only minor mineralization as it intersected a steeply dipping east-west fault that defines the southern extent of the
North Zone .
- Drill hole N041, collared at plate 40, was drilled downdip of N032 (88.7 m of 0.34% CuEq), confirms the Gradeshell while defining the southern limit of the
DRILLING RESULTS
All drill holes tested the deposit perpendicular to its structural attitude. Core intervals are within approximately 10% of true thickness. Assay results and cross-sections through the first forty-three
North Zone Deposit to the
Drill holes N039 and N040 continued the Company’s testing of the hanging wall side of the deposit in the north-west side of the central axis of the deposit.
Drill hole N039 (Plate 59) returned three mineralized intervals, with a main interval of 265.0 m of 0.36% CuEq commencing approximately 40 m above the Gradeshell and extending 50 m below it.
Drill hole N040 (Plate 65) returned four mineralized intervals, with a main interval of 152.1 m of 0.33 CuEq in a downdip extension approximately 200 m to the west of the Gradeshell.
Defining the Southern Extent of the Central Axis of the
The southern portion of the
Drill hole N042 (Plate 44) returned 135.0 m of 0.60% CuEq extending across and below the Gradeshell.
Drill hole N041 (Plate 40), collared approximately 200 m south of N042, continued the confirmation of the Gradeshell with two mineralized intervals, with the first interval returning 20 m of 0.35 CuEq, and the second main interval commencing 5 m deeper returning 96 m of 0.52 CuEq.
Drill hole N043 (Plate 38), collared approximately 100 m south of N041, returned three minor intervals of mineralization. N043 intersects the faults that are the south termination of the
Table 1: Significant Assay Intervals in the 2021-2022 Program, Drill Holes N039 to N043:
Drill Hole No. | Dip | From (m) | To (m) | Length (m) | Cu % | Mo % | Au g/t | Ag g/t* | CuEQ % |
N039 | -55 | 230.2 | 288.2 | 58.0 | 0.14 | 0.002 | 0.010 | 1.09 | 0.15 |
" | -55 | 313.3 | 334.7 | 21.4 | 0.46 | 0.005 | 0.016 | 3.70 | 0.49 |
" | -55 | 355.0 | 620.0 | 265.0 | 0.31 | 0.010 | 0.020 | 2.18 | 0.36 |
N040 | -85 | 431.0 | 472.0 | 41.0 | 0.21 | 0.007 | 0.012 | 1.70 | 0.24 |
" | -85 | 479.0 | 631.1 | 152.1 | 0.29 | 0.009 | 0.013 | 2.61 | 0.33 |
N041 | -90 | 224.0 | 244.6 | 20.6 | 0.30 | 0.002 | 0.063 | 1.45 | 0.35 |
" | -90 | 249.0 | 345.0 | 96.0 | 0.47 | 0.006 | 0.038 | 2.48 | 0.52 |
N042 | -55 | 254.0 | 389.0 | 135.0 | 0.53 | 0.005 | 0.075 | 2.99 | 0.60 |
N043 | -55 | 330.9 | 356.0 | 25.1 | 0.21 | 0.002 | 0.023 | 1.86 | 0.23 |
Cu Equivalent (CuEq) % = Cu % + (Mo %*3.75) + (Au ppm*0.752). The commodity prices (3-year Average) used are in $US: Cu
BALANCE OF THE NORTH ZONE PROGRAM
The Company’s has largely completed its
SOUTH ZONE PROGRAM
The Company’s
TECHNICAL INFORMATION AND QUALITY CONTROL / QUALITY ASSURANCE
The historical drilling data employed in this current exploration program was the subject of Data Verification procedures cited in the current Technical Report. Additional drill collar verifications were performed in the current program, and collar locations fit closely to the 2021/2022 survey control. Appropriate QA/QC protocols governed geological logging, core sampling, sample preparation, analyses, and security during the current program, including quality controls with duplicates, standards, and blanks. Samples were submitted to the Mexican division of ALS Limited in
QUALIFIED PERSON
Mr.
ABOUT OROCO:
The Company holds a net 85.5% interest in the collective 1,172.9 ha Core Concessions of the
Neither
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.
Attachment
Oroco Resource Corp January 11, 2023 News Release Figures
Richard Lock , CEOOroco Resource Corp. (604) 688-6200 rlock@orocoresourcecorp.com
Source:
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