Oroco Resource (OCO.V) has confirmed it has completed the airborne magnetics survey over the Santo Tomas project. This also means the waiting game starts again. It could take up to two months to see the initial results of the survey as the data from the 2,231 kilometer line kilometers needs to be gathered and interpreted.
As you know, the company already pre-released the interpretation of the 3D IP survey over the South Zone and North zone, and the final part of the survey was focusing on the Brasiles zone, an underexplored area north of the river where historical drill holes did encounter higher grade copper values. The 3D IP survey has now also been completed on the South Zone where the eastern extension got some additional attention, and the survey team is now working on the Brasiles area (and the surrounding area now the water level in the river is low). The entire 3D IP survey has now reached a completion rate of approximately 80%, and we will likely have to wait at least another month to see additional results.
Disclosure: The author has a long position in Oroco Resource Corp but recently sold some stock to exercise warrants. Oroco is a sponsor of the website. Please read our disclaimer.
