Oroco Resource Corp. Announces Option Agreement for 100% Acquisition of Vainilla Mineral Concession in Sinaloa, Mexico

Reuters
17 Jul
<a href="https://laohu8.com/S/ORRCF">Oroco Resource Corp.</a> Announces Option Agreement for 100% Acquisition of Vainilla Mineral Concession in Sinaloa, Mexico

Oroco Resource Corp. has announced that its wholly-owned Mexican subsidiary, Minera Xochipala, S.A. de C.V., has entered into an agreement with Aztec Zinc de Mexico, S.A. de C.V. to acquire a 100% interest in the Vainilla Mineral Concession located in the mineral-rich Choix District of northern Sinaloa, Mexico. As part of the option agreement, Oroco will make an initial payment of US$75,000 in cash and issue 100,000 common shares to the vendor. The option will be maintained with semi-annual payments, and exercised upon payment of US$500,000 and additional Oroco shares. This acquisition is expected to complement Oroco's control in the Santo Tomas porphyry copper district, enhancing exploration prospects and aligning with the company's strategic goals. Ian Graham, President of Oroco, highlighted the potential of the acquisition to deliver immediate exploration upside and meaningful near-term results.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oroco Resource Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9496375-en) on July 17, 2025, and is solely responsible for the information contained therein.

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