Oroco Announces Exploration Contract With Auracle Geospatial
VANCOUVER, Sept.06, 2017(GLOBE NEWSWIRE) -- Oroco Resource Corp. ("Oroco") (TSXV:OCO) announces that it has entered into a mineral exploration agreement with Auracle Geospatial Science Inc., a highly advanced remote sensing service provider.The contract relates to identified mineral resource targets in Mexico.
Auracle has customized an initial two-phase data collection and analysis project for Oroco.Offering specific deliverables, the contract is intended to be implemented immediately.
In the first phase, Auracle will build a 3D Radar Model defining surface and near surface structure and lithological domains.The model will identify and prioritize areas suitable for a second phase of analysis, wherein high resolution WorldView-3 satellite imagery is acquired, fused and analyzed with the data and products of the first phase.Employing its proprietary algorithms, Auracle extracts strike and dip measurements to further define the structure within the area of interest, thereby producing the complete 3D Bare Sub-Surface Model and upgraded geology map.
"We are very pleased to work with such a uniquely capable remote sensing company," commented Craig Dalziel, Oroco President & CEO."Auracle is an ideal choice for Oroco given Auracle's unique scientific expertise along with their first-priority data acquisition relationship with satellite operators MDA and DigitalGlobe.The custom program Auracle has developed for Oroco offers a highly cost-effective method in prioritizing exploration targets with exceptional accuracy. Combining our geological team with Auracle's proprietary data fusion algorithms presents an ideal opportunity for Oroco to effectively expedite its exploration and acquisition plans."
Mr. Dalziel continued, "It should also be made clear at this time that Oroco intends to utilize the Auracle technology to extend its reach into Mexico beyond the scope of its Xochipala project.While we remain very enthusiastic about the potential at Xochipala, and are further encouraged by the recent results generated by Leagold from their property at Los Filos, we intend to pursue additional opportunities to strengthen our overall presence in Mexico."
About Oroco Resource Corp.:
Based in Vancouver, Canada, Oroco is a mineral exploration company with a primary focus on mineral resource assets located in Mexico.The company owns a 100% interest in the Xochipala project in the Guerrero Gold Belt.In addition, Oroco has targeted several Mexican acquisition opportunities, for which the Auracle technology is expected to provide essential exploration and confirmation data.
About Auracle Geospatial Science Inc.:
Auracle is a remote sensing and geospatial technology service provider which collects, processes & analyzes spatial data from satellite, aircraft, drone and ground platforms for global clients in mineral exploration, oil & gas development and natural resource management.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact: Mr. Craig Dalziel, President and CEO Oroco Resource Corp. Ph. 604-688-6200 cdalziel@orocoresourcecorp.com