Key facts
| Company | Oroco Resource Corp (TSXV: OCO) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About Santo Tomas
Santo Tomás hosts a large, outcropping porphyry copper deposit comprised of fracture-hosted and disseminated Cu and Mo sulphides with significant Au and Ag credits. The Project lies within the Laramide Belt, a NW-SE trending copper belt extending from southwestern USA into southern Mexico that includes numerous world-class copper deposits, including the Cananea district, which hosts one of the largest copper deposits in the world.
News releases23 on file
Oroco Closes Final Tranche of Non-Brokered Private Placement
The second and final tranche of a non-brokered private placement closed with 2,500,000 units issued at US$0.20 per unit for gross proceeds of US$500,000, bringing the total to 10,154,995 units for US$2,030,999. Each unit includes one common share and one-half warrant exercisable at US$0.30 for 24 months from closing, with a hold period expiring March 14, 2026. Proceeds will advance the Santo Tomas
FinancingOroco Closes First Tranche of Private Placement Financing
An initial tranche of Oroco Resource Corp's non-brokered private placement, announced September 24, 2025, closed for gross proceeds of US$1,530,999 from 7,654,995 units at US$0.20 per unit, each unit comprising one share and one-half warrant exercisable at US$0.30 for 24 months. Subscribers were Mexico-based investors, including new independent director Faysal Rodriguez, who took 5 million units,
FinancingOroco Provides Financing Update
The non-brokered private placement announced September 25, 2025 is proceeding, for up to 18,000,000 Units at US$0.20 per Unit for gross proceeds of up to US$3.6 million, with an anticipated minimum of US$2.0 million. Each Unit includes one share and one-half warrant exercisable at US$0.30 for 24 months. A first tranche is expected to close early next week, with completion no later than November 13
FinancingOroco Receives Positive Resolution from Mexico’s Environment Ministry
Mexico's federal environment ministry, SEMARNAT, issued a positive resolution to Oroco's informe preventivo covering planned drilling and exploration at the Santo Tomas Project in northwestern Mexico, determining the activities do not require an Environmental Impact Authorization and can proceed as described in the notice. Oroco holds a net 85.5% interest in the 1,173-hectare Core Concessions and
CorporateOroco Deepens its ESG Commitments to the Santo Tomas Region
A cooperation agreement has been signed with Sembrando Vida, a federal environmental and social program of the Government of Mexico, covering the municipality of Choix, Sinaloa, where Oroco's Santo Tomás Project is located. The parties will work on restoring degraded land, sustainable agriculture and regional ecological regeneration, with Oroco providing material, logistical and advisory support f
CorporateOroco Receives Approval for Whittle Share Payment
TSX Venture Exchange approval has been received for the terms of Oroco Resource Corp's engagement of Whittle Consulting Ltd to complete a Strategic Option Study aimed at optimizing the mine plan and guiding pre-feasibility work at the Santo Tomas porphyry copper project in northwestern Mexico. Whittle will receive 1,560,000 common shares at a deemed $0.30 per share, covering US$342,000 of total fe
CorporateOroco Cancels Private Placement
The $1,500,000 non-brokered private placement announced on June 17, 2025 has been cancelled. Oroco holds a net 85.5% interest in the 1,173-hectare Core Concessions of the Santo Tomas Project in northwestern Mexico and an 80% interest in a further 7,861 hectares, for a total project area of 9,034 hectares.
FinancingOroco Files Shelf Prospectus
A final short form base shelf prospectus has been filed, with a receipt obtained, with securities commissions in all Canadian provinces and territories excluding Quebec. The prospectus qualifies the distribution of up to C$75,000,000 of common shares, warrants, subscription receipts, units, debt securities or any combination, over the 25-month period it remains effective. Terms and use of proceeds
FinancingSanto Tomas Project Presentation
Environmental baseline studies and the community consultation process for the Santo Tomas copper project in northwestern Mexico will commence immediately, following meetings with Mexican federal and state officials. The company presented at the Mexican Discoveries 2025 Conference last week and will participate in a Red Cloud Securities webinar on April 16 at 2:00pm EDT. Oroco holds a net 85.5% int
CorporateOroco Private Placement Oversubscribed
The non-brokered private placement announced February 5, 2025 is oversubscribed, and Oroco is no longer accepting new subscriptions. The company intends to close the offering subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. Oroco holds a net 85.5% interest in the 1,173-hectare Core Concessions of the Santo Tomas Project in northwestern Mexic
FinancingOroco Provides Corporate Update
Preparations are underway for Phase 2 technical work at the Santo Tomas copper-molybdenum-gold-silver project in northwestern Mexico, intended to underpin an updated Mineral Resource Estimate with elevated resource classifications and an expanded Indicated Resource at South Zone sufficient to support a PFS-level report. Other activities include monitoring Supreme Court of Mexico decisions limiting
CorporateOroco Announces Filing Of Technical Report And PEA Update Webinar
An NI 43-101 technical report and Preliminary Economic Assessment for the Santo Tomas copper project in Sinaloa, Mexico, dated August 20, 2024, has been filed on SEDAR and the company's website. The report contains no differences from the PEA results announced in the August 20, 2024 news release. A webinar to discuss the PEA and next steps is scheduled for Wednesday, August 28 at 11:00 AM PDT with
Study resultsOroco Announces 22.2% After-Tax IRR and $1.48 Billion NPV for its Santo Tomas Project
A revised Preliminary Economic Assessment for the Santo Tomas porphyry copper project in Sinaloa State, Mexico, returned an after-tax NPV (8%) of US$1.48 billion and 22.2% IRR, with pre-tax figures of US$2.64 billion and 30.3%, and post-tax payback of 3.8 years. The staged open pit plan moves from 60,000 t/d to 120,000 t/d in year 8 over a 22.6-year life, producing 4,774 M lb payable copper at C1
Study resultsOroco Completes Final Closing Of Non-Brokered Private Placements
A non-brokered private placement closed for net proceeds of $1,028,000 through the sale of 2,570,000 units at $0.40 per unit, each unit comprising one share and one warrant exercisable at $0.65 for 18 months from closing. An agent will receive 75,000 shares as finder's fees, with securities subject to a hold period expiring June 17, 2024. Proceeds will fund work on the Preliminary Economic Assessm
FinancingOroco Files PEA Technical Report for Santo Tomas
An NI 43-101 Preliminary Economic Assessment technical report for the Santo Tomas copper project in Sinaloa, Mexico, dated October 11, 2023, has been filed on SEDAR and posted on Oroco's website. The report contains no differences from the PEA results announced on October 17, 2023, which identified Indicated resources of 561 Mt @ 0.37% CuEq and Inferred resources of 549 Mt @ 0.34% CuEq for the Nor
Study resultsOroco Closes Non-Brokered Private Placement
A non-brokered private placement closed for gross proceeds of $2,691,940 through the sale of 6,729,850 units at $0.40 per unit, each unit comprising one share and one warrant exercisable at $0.65 for 18 months. Insiders, including the Executive Chairman, CEO, President, CFO and Corporate Secretary, bought 770,000 units for $308,000. Shares are subject to a hold period expiring March 29, 2024, and
FinancingOroco Announces Private Placement
A non-brokered private placement of up to 6,250,000 units at $0.40 per unit will raise gross proceeds of up to $2,500,000. Each unit includes one common share and one warrant exercisable at $0.65 for 18 months from closing. Net proceeds are intended for working capital to advance the Santo Tomas project in northwestern Mexico and general corporate purposes, with closing subject to TSX Venture Exch
FinancingOroco Announces $2.3 Billion Pre-Tax NPV in a PEA for the Santo Tomas Project
A Preliminary Economic Assessment for the Santo Tomas porphyry copper project in Sinaloa State, Mexico outlines a pre-tax NPV (8%) of US$2.33 billion and after-tax NPV of US$1.24 billion, with pre-tax IRR of 23.0% and after-tax IRR of 17.3%, after-tax payback of 5.0 years, initial capital of US$1,339.9 million and LOM C1 cash costs of US$1.66/lb Cu on a by-product basis. The staged open pit would
Study resultsOroco Announces Filing Of Technical Report For The Santo Tomas Project
An NI 43-101 technical report supporting the mineral resource estimate for the Santo Tomas Project in Sinaloa, Mexico has been filed, with an effective date of April 21, 2023. The report was prepared by Ausenco Engineering USA South Inc., Ausenco Engineering Canada, Inc., SRK Consulting (US), Inc. and SRK Consulting (Canada), and supports the resource estimate previously reported in Oroco's May 3,
Study resultsOroco Completes Phase One Drill Program at Santo Tomas
Final two holes of the 2021-2023 North Zone drill program at the Santo Tomas property in northwestern Mexico returned 228.5 m of 0.465% CuEQ in hole N046 and 387.4 m of 0.498% CuEQ in hole N047, from 1,460 m of drilling. The North Zone program totalled 47 diamond drill holes and 30,909 m, with 48,481 m in 76 holes drilled project-wide. The results were not in the recent Mineral Resource Estimate b
Drill resultsOroco Announces Santo Tomas Mineral Resource Estimate
An SRK-prepared mineral resource estimate for the Santo Tomas porphyry copper project in Sinaloa State, Mexico, effective April 21, 2023, reports indicated sulphide resources of 487.3 Mt at 0.36% CuEq (3,864 Mlbs CuEq) and inferred sulphide resources of 599.9 Mt at 0.36% CuEq (4,697 Mlbs CuEq), at a 0.15% Cu cut-off and constrained within an economic pit shell. The estimate is based on 62,678 m of
Resource updateOroco Issues Correction Of Drill Results For Drill Hole N044 - Updated
Assay results for drill hole N044 at the Santo Tomas property in NW Mexico, reported on April 20, 2023, have been corrected following a data transfer error in calculations by a third-party consulting firm. The interval from 289.6 m to 642.0 m (352.5 m length) is now stated as 0.42% Cu, 0.006% Mo, 0.036 g/t Au, 3.13 g/t Ag and 0.46% CuEq, down from 0.83% Cu and 0.93% CuEq. No other information in p
Drill resultsOroco Drills 353 M of 0.93% Cu Equivalent at Santo Tomas
Drill hole N044 at the Santo Tomas property in northwestern Mexico returned 352.5 m of 0.93% CuEq from 289.6 m, and N045 returned 329.8 m of 0.50% CuEq from 67.2 m, together representing 1,553 m of drilling. The North Zone drill program supporting a planned Preliminary Economic Assessment is now complete at 47 holes and 30,909 m, with assays for holes N046 and N047 pending. Total 2021-2023 drillin
Drill results