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.
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