UPDATED - OROCO COMMENCES 3D IP SURVEY AT SANTO TOMAS

VANCOUVER, British Columbia, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce the completed mobilization of geophysics and operations personnel to the Santo Tomas property (“the Project”) and the commencement, on September 14^th, 2020, of the full 3D resistivity and induced polarization survey.  The survey is targeted to cover an area of approximately 10 km² of the Property which will encompass the mineralized South Zone, North Zone and the Brasiles Zone at Santo Tomas.

The IP survey is being undertaken by DIAS Geophysical of Saskatoon, SK (“DIAS”) and utilizes that company’s DIAS32 direct current resistivity and induced polarization (“DCIP”) system using a rolling layout of transmitters and receivers that will advance the survey in successive 3D ‘patches’ from south toward the north.  The survey comprises a dipole – pole – dipole arrangement using the common voltage reference method, and targets the layout of some 26 Rx (receiver) lines spaced at 200m.  It is anticipated that the receiver layouts in the area of the Huites reservoir will be somewhat irregular.

“The DCIP survey represents an important step in the Company’s previously announced program of  environmental studies, phased surface exploration, deep 3D geophysical surveys, and diamond drilling that aims to verify and build upon an updated geological model and a substantial body of historical drilling, mineral resource estimates, and Pre-Feasibility studies,” said Craig Dalziel, Oroco’s CEO. “In addition, we continue to be impressed with the quality and depth of the local support that we are experiencing at Santo Tomas, a local contribution which we recognize to be an essential factor in the Project’s progress.”         

The survey is staffed by some 20 field assistants drawn from the local community, with survey control by full time employees of Oroco’s Choix-based contractor / partner Minera Tempisque S.A. de C.V., and field supervision provided by Oroco and Mexico-based contractor, ProDeMin.  The DIAS contingent comprises of Mexico-based personnel and one expatriot.  The camp and field crews are divided into small cohorts operating under a COVID protocol developed by the Company in compliance with the requirements of the Mexican authorities and with 2020 COVID protocol and survey experience gained by DIAS in Canada.  The focus on local hiring delivers on our social commitment to the communities proximal to the Santo Tomas operations.