May 13, 2009
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Transcript of May 13, 2009
OROCO RESOURCE CORP.
HIGHLIGHTS
Gold resource: 300,000 ounce indicated oxide gold resource with 85% extraction in preliminary heap leach tests.
Zinc resource : +500,000,000 pound zinc resource with 85.3% extraction in preliminary heap leach tests.
Oxide gold and zinc resources open along strike in both directions.
Sulphide resource open to depth. CP011 intersected 10% combined lead and zinc, 0.78% copper and good silver and gold credits over significant width.
Thickness of zone, topography and grade indicate potential for very low cost initial open pit operation focused on mining the oxide gold resource.
Premier logistics include water source, paved highway and national power grid within 10 kilometers and good mining work force within one hour of project.
Mining friendly Mexico gives the opportunity to put project into production within a short time frame.
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OROCO RESOURCE CORP.
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7,000 Ha LAND HOLDINGS
$2.5 MILLION PURCHASE PRICE FULLY PAID
4,200 Ha PROPERTY OPTION WITH YAMANA GOLD
NORTHERN SONORA
Water Table
9 Level
10 Level
Shaft
8 Level
500m
1,250m
1,000m
750m
OXIDE
SULPHIDE
2008 OROCO DRILL HOLES
PROPOSED 2009 DRILL HOLES – OROCO CLAIM
PROPOSED 2009 DRILL HOLES – YAMANA CLAIM
OROCO LONGITUDINAL SECTION
500 Meters
OXIDE GOLD
RESOURCE
OROCO CLAIM
BOUNDARY
1000 Meters 500 Meters
CP023Ç ÇHistorical Workings
Management
DIRECTORS
Stephen M. Leahy, Executive Chairman, Director
Founder of North American Tungsten Over 26 years of experience in venture capital
Chairman, CEO, Director of North American Tungsten Ltd.
Ken Thorsen, President and CEO, Director
Over 40 years of experience in the mining business 8 years with Selection Trust; 3 years with Cameco
21 years with Teck Corporation and 7 years as a consultantSenior Exploration Executive at Teck Cominco
including 2 year period as President of Teck Exploration Ltd.
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Management
Robert Friesen, Director
Over 40 years of experience in mining and minerals exploration 7 years as Chief Geologist with Noranda Group
5 years as a Project Geologist with Teck Exploration Ltd.
Casey Forward, Director and Chief Financial Officer
Over 25 years of accounting experience in North America and the United Kingdom with numerous public companies
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Share Structure & Financials
Shares Outstanding: 27,593,521
Shares Fully Diluted: 35,145,281
Options/Warrants: @ 0.55 and 0.90
Current Price: $0.18
52 Week High/Low: $0.75/$0.03
3 mo daily volume: 80,000
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Cash on Hand: $200,000
Monthly Burn Rate: $40,000
2008 Revenue: na
Projected 2009 Revenue: na
Management Ownership: 40 %
May 2009 to May 2010
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DRILL, DEFINE, MINE: CRITICAL PATH TO MINING
Jan 2009 Complete resource estimate, begin metallurgical studies and preliminary mine plan
May 2009 Commence infill and extension drilling
Nov 2009 Complete drilling Complete environmental studies
Jan 2010 Complete updated resource calculation Commence prefeasibility
Jul 2010 Complete prefeasibility study
Oct 2010 Begin construction
Apr 2011 Complete construction
Why Invest Now?
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RESOURCE EXPANSION:. AGGRESSIVE DRILL PROGRAM TO COMMENCE SPRING 2009: MULTIPLE DRILLS, 20,000 METRES
TARGET DEFINED: FOCUS ON OXIDE GOLD ZONE WHERE CONTINUITY CONFIRMED
EXPANSION OF LAND HOLDINGS: NEWLY SIGNED PROPERTY OPTION AGREEMENT WITH YAMANA GOLD
FOCUS ON IR: ENGAGEMENT OF ANDERSON FINANCIAL and GENERAL RESEARCH
Contact
Contact: Mr. Ken ThorsenWebsite: www.orocoresourcecorp.comAddress:Suite 789-999 West Hastings
Street, Vancouver
Phone: 604-688-6200Email: [email protected]
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TSX:OCO