OROCO OPTIONS HIGHLY PROSPECTIVE NEARBY CONCESSION

Core Insights - Oroco Resource Corp. has entered into an agreement to acquire a 100% interest in the Vainilla Mineral Concession in northern Sinaloa, Mexico, through its subsidiary Minera Xochipala [1][3] - The Vainilla Concession covers approximately 2,974 hectares and is located within a porphyry copper belt, offering immediate exploration opportunities for copper and associated metals [2][4] - The acquisition is seen as a strategic move to enhance Oroco's control over the Santo Tomás porphyry copper district, aligning with the company's operational objectives and supported by government initiatives [3][4] Geological Overview - The Vainilla Concession is strategically positioned along the southern extension of the Santo Tomás porphyry copper trend, which includes various mineralized zones indicative of a concealed porphyry system [4] - The geological setting features intense surface alteration, suggesting potential for significant mineralization related to porphyry systems [4] Exploration Plans - Oroco plans to initiate a staged exploration program that includes 2D IP survey lines, geological mapping, and short hole scout drilling targeting breccia, skarn, and porphyry targets [6] Financial Terms of the Agreement - The option agreement includes an initial payment of US$75,000 and 100,000 common shares, with semi-annual payments of US$25,000 and 100,000 shares [7] - The option will be exercised upon a payment of US$500,000 and the issuance of 2,000,000 shares, with a 1.5% Net Smelter Returns royalty granted to third parties [7] Company Background - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomás Project, which spans a total area of 6,121 hectares [8] - The project has significant copper porphyry mineralization, with extensive prior exploration and a recent drill program conducted by the company [8][9]