Group 1 - Oroco Resource Corp. has cancelled a previously announced non-brokered private placement of $1,500,000 [1] - The company holds an 85.5% interest in the Core Concessions of The Santo Tomas Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [2] - The Santo Tomas Project is located near significant infrastructure, including a deep-water port and access roads, enhancing its logistical advantages [4] Group 2 - The Santo Tomas Project has a history of exploration from 1968 to 1994, with over 100 drill holes totaling approximately 30,000 meters [2] - A recent drill program conducted by Oroco in 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [2] - An updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) were published in August 2024, reflecting the latest findings from the project [3]
OROCO CANCELS PRIVATE PLACEMENT
Globenewswireยท2025-07-03 11:00