Oroco Resource Corp. (OCO – $0.27) is a Canadian exploration and development Company with the well-advanced Cerro Prieto project as its flagship property. The most recent NI 43-101 resource estimate for Cerro Prieto, which is located in the Mexican State of Sonora, included a resource of 390,000 ounces of gold and 6,193,000 ounces of silver, of which 98% is in the Measured and Indicated categories.
Very interesting to note is that in order to obtain this resource, only 7% of the strike length for the geological structure on the 7,000 hectares Cerro Prieto property was drilled. So the potential to significantly expand the current resource is very high.
Instead of concentrating on expanding the resource, the Company decided to move the Cerro Prieto mine into production first, and use the generated cash flow to further expand the resource. Oroco is in full preparation to reach that goal somewhere in 2012.
In our recent interview, Mr. Adam Smith, the Company’s Director of Business Development, shares his enthusiasm for Oroco’s potential to yield significant rewards for investors as it moves towards production and continued exploration.
In the interview, Oroco’s second project Xochipala, which is located in the famous Guerrero Gold Belt in Mexico, is introduced to investors as well with a great sense of anticipation, reflecting the region’s history of rewarding exploration efforts with millions of ounces gold discoveries.
Readers and listeners can also find out about Oroco’s current financing and its plans for generating necessary funds in the future, as well as the Director’s outlook on today’s commodities market. Mr. Smith provides an in-depth look at the Company’s management team and explains why Oroco is particularly well-positioned to successfully operate in one of the most intriguing gold-bearing regions in the world.
Our interview is available in a handy transcript format and you can listen to our interview with Mr. Smith by clicking the play button on the media player below. Your comments, ideas, and questions are, as always, welcome.