Oroco Resource Corp.

08/12/2022 | News release | Distributed by Public on 08/12/2022 15:59

Field Activity Update - Week of August 8, 2022

UPDATE FOR THE WEEK OF AUGUST 8, 2022

Drill hole N023 is now complete and drill holes N024, N025 and N026 were all progressed during the week, which continues our focus on the North Zone resource program. Drill hole B007 is now complete, and the Hydracore 5000 drill belonging to the Company is now being serviced ahead of redeployment.

We continue preparations for further expansion of the drill fleet, which is being timed to coincide with the fall easing of the monsoons into a period of steadier, less torrential rains. In the past week we have continued to keep the road maintenance fleet busy, as a storm midweek severely rutted our main access route just 24 hours after grading following a prior storm. Being able to access camp and the drills via the reservoir using the boats negated any downtime - and despite the impacts of the rains on roads we are enjoying the "cooler" temperatures they afford.

Having the field teams based in the Camps has also eased support of the infrastructure following the storms.

Relogging of drill core is now complete: holes N001 through drill hole N017 from North Zone, and Holes B003 through B005 from Brasiles have been relogged. The site team are now turning their attention to accelerating geological modeling.

447 samples were shipped from Ranchito to the assay lab during the week.

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