Day: February 7, 2014

Oroco Resource (V.OCO) soars 214% as it celebrates Xochipala court appeal victory

Oroco Resource (TSX-V:OCO, StockForum), a Vancouver-based mineral exploration firm engaged in the development of Mexican precious metal projects, announced today that the company received a favorable ruling from the Federal Tribunal of Mexico, granting the company’s appeal of the lower Federal District Court ruling in regards to Oroco’s Xochipala project.

Oroco Wins Xochipala Appeal

Oroco Resource Corp. is pleased to announce that the Federal Tribunal of Mexico has granted the Company’s appeal of the decision of the lower Federal District Court and has ordered that all aspects of the 2011 Guerrero State Court auction of a 50% interest in the Celia Gene and a 100% interest in the Celia Generosa concessions be set aside. The decision of the Federal Tribunal confirms that the Company’s subsidiary, Minera Xochipala, S.A. de C.V., is the sole registered owner of 100% of each of the Celia Gene and Celia Generosa concessions and terminates the competing claim of Mr. Avinadain Bautista arising from the Court Auction of the Camacho Interest.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.