Location

VANCOUVER, British Columbia – (April 19, 2012) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to report the following results from the 2011 and 2012 expanded exploration drill program at its Cerro Prieto Project in northern Sonora State, Mexico.  


The Company has drilled 20 holes as an infill program in the area containing the current resource.  This was done to both better define the underground voids left by historical mining and to gain greater certainty of the resource grade in the area from which the Company anticipates the initial ore production.  The 20 drill holes intersected only 5 voids of significance (> 1.5 meters), which is fewer than had been modeled, suggesting that less of the higher grade material has been removed by historical mining than was initially projected. 


The Company has now received assays for 15 of the 20 holes, of which highlights include:


1.    4.0 meters of 11.26 g/t Au in CP087 including 3.39 meters of 13.25 g/t Au.


2.    16.94 meters of 2.31 g/t Au in CP084 including 4.19 meters of 5.36 g/t Au.


3.    8.05 meters of 4.17 g/t Au in CP077 including 3.35 meters of 8.08 g/t Au.


4.    7.21 meters of 4.59 g/t Au in CP089 including 3.39 meters of 8.85 g/t Au.


5.    7.11 meters of 3.85 g/t Au in CP083 including 4.62 meters of 5.32 g/t Au.


Results of all 15 holes are presented in the following table:






























































































































































































































































































































































































































































































































































































































































































































































































































































Hole


From
(m)


To
(m)


TT *
(m)


Au
(g/t)


Ag
(g/t)


Pb
(%)


Zn
(%)


SECTION


425N


 


 


 


 


 


 


CP088


11.40


13.40


1.23


2.32


22.9


0.04


0.09


incl.


17.50


26.00


5.24


2.10


112.1


0.11


0.22


  and


18.40


25.20


4.19


2.57


126.7


0.13


0.24


 


 


 


 


 


 


 


 


CP088A


11.50


14.00


1.54


0.45


11.7


0.05


0.11


Hole


From
(m)


To
(m)


TT *
(m)


Au
(g/t)


Ag
(g/t)


Pb
(%)


Zn
(%)


CP088A  cont’d


17.00


26.00


5.54


2.17


155.0


0.13


0.21


 


18.60


24.00


3.33


3.34


236.3


0.19


0.30


 


 


 


 


 


 


 


 


SECTION


450N


 


 


 


 


 


 


CP087


17.50


24.00


4.00


11.26


7.0


0.04


0.16


incl


17.50


23.00


3.39


13.25


7.6


0.04


0.14


incl


19.00


22.00


1.85


19.70


9.6


0.03


0.15


 


28.50


32.65


2.56


2.23


94.5


0.16


0.29


 


 


 


 


 


 


 


 


SECTION


475N


 


 


 


 


 


 


CP086


16.00


21.00


3.08


0.40


2.8


0.10


0.18


 


24.00


32.00


4.93


2.59


8.4


0.09


0.08


 


27.00


32.00


3.08


3.71


12.4


0.12


0.08


 


32.00


34.50


1.54


void


 


 


 


 


37.75


45.50


4.77


1.106


49.9


0.13


0.28


 


 


 


 


 


 


 


 


CP089


42.30


54.00


7.21


4.59


17.1


0.53


2.05


incl


43.80


49.30


3.39


8.85


14.9


0.60


2.97


 


54.00


61.00


4.31


0.15


353.3


0.68


0.86


 


57.95


65.00


4.34


0.27


182.4


0.18


0.38


 


79.30


94.55


9.39


2.29


6.0


0.14


0.28


incl


79.30


82.35


1.88


3.43


4.8


0.05


0.16


and


91.00


94.55


2.19


6.15


9.5


0.17


0.40


 


94.55


 


Hole abandoned at 4.31 m TT void


 


 


 


 


 


 


 


 


SECTION


525N


 


 


 


 


 


 


CP79


44.00


60.50


14.93


1.44


36.5


0.05


0.15


incl


45.50


49.75


3.85


2.50


22.3


0.05


0.12


 


64.50


73.00


7.69


1.97


44.5


0.31


1.69


incl


66.00


71.50


2.26


2.89


67.7


0.35


2.49


 


 


 


 


 


 


 


 


SECTION


550N


 


 


 


 


 


 


CP080


41.25


44.00


2.49


0.69


27.5


0.06


0.18


 


53.00


72.90


18.01


0.95


9.3


0.12


0.68


incl


53.00


60.25


6.56


1.26


12.0


0.11


0.85


 


77.40


87.90


9.50


1.61


3.6


0.04


0.09


incl


80.40


83.40


2.72


4.63


2.7


0.02


0.07


 


 


 


 


 


 


 


 


CP085


38.15


44.00


4.17


0.75


0.8


0.05


0.17


 


137.45


151.25


9.84


0.35


328.7


0.78


2.61


Hole


From
(m)


To
(m)


TT *
(m)


Au
(g/t)


Ag
(g/t)


Pb
(%)


Zn
(%)


CP085 cont’d


 


 


 


 


 


 


 


incl


141.70


146.80


3.64


0.26


818.5


1.23


4.86


 


151.25


 


Hole abandoned at 11.23 m TT void


 


 


 


 


 


 


 


 


SECTION


575N


 


 


 


 


 


 


CP081


9.50


14.50


4.53


0.93


46.6


0.06


0.07


incl


9.50


13.00


3.17


1.23


58.3


0.07


0.09


 


17.00


27.75


9.73


0.35


49.8


0.07


0.09


 


Hole lost in broken ground. Re-drilled as CP081B


 


 


 


 


 


 


 


 


CP081B


10.00


14.60


4.16


1.65


76.1


0.09


0.06


incl


11.00


13.10


1.90


2.94


128.5


0.12


0.08


 


19.00


38.00


17.20


0.73


45.6


0.09


0.18


incl


32.00


38.00


5.43


1.47


34.0


0.10


0.27


 


42.00


44.50


2.26


2.35


59.1


0.21


0.51


 


65.00


69.00


3.62


4.25


2.9


0.13


0.49


 


 


 


 


 


 


 


 


CP083


53.50


62.50


5.54


0.35


13.1


0.11


0.41


 


69.00


72.50


2.16


0.75


49.9


0.14


0.38


 


76.50


88.05


7.11


3.85


57.8


0.15


0.46


incl


76.50


84.00


4.62


5.32


81.1


0.15


0.29


 


 


 


 


 


 


 


 


SECTION


600N


 


 


 


 


 


 


CP078B


1.50


4.30


2.53


2.08


52.1


0.07


0.11


 


19.00


21.50


2.26


0.56


34.0


0.14


0.29


 


30.55


32.00


1.31


0.29


40.9


0.06


0.11


 


32.00


38.60


5.97


void


 


 


 


 


38.60


40.00


1.27


0.31


24.0


0.11


0.29


 


 


 


 


 


 


 


 


CP082


Hole lost at 5.2 m TT void


 


 


 


 


 


 


 


 


CP084


68.50


74.00


3.39


0.68


1.5


0.10


0.26


 


127.50


133.50


3.70


0.41


1.2


0.08


0.23


 


138.00


165.50


16.94


2.31


14.4


0.20


0.41


incl


141.20


159.50


11.27


3.27


9.1


0.17


0.32


incl


141.20


148.00


4.19


5.36


20.8


0.22


0.47


 


 


 


 


 


 


 


 


SECTION


625N


 


 


 


 


 


 


CP077


32.60


41.50


8.05


4.17


8.1


0.22


0.36


incl


34.80


38.50


3.35


8.08


10.0


0.27


0.34


 


 


 


 


 


 


 


 


Hole


From
(m)


To
(m)


TT *
(m)


Au
(g/t)


Ag
(g/t)


Pb
(%)


Zn
(%)


SECTION


650N


 


 


 


 


 


 


CP076


8.50


13.50


4.53


0.64


33.3


0.11


0.12


incl


39.80


42.85


2.76


1.89


4.6


0.10


0.22


* – TT means true thickness


Extension of Resource Area
The Company has completed an 18 hole drill program to the south of the current area of the calculated resource with the intent of extending the Cerro Prieto deposit beyond its current drill defined limits.  Assay results from these drill holes are pending.  


Condemnation Drilling
The Company has also drilled three “condemnation” holes to test the planned leach pad and crushing facility areas.  Assay results from these drill holes are also pending.


For further information, please contact: 
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
Tel: 604-688-6200
www.orocoresourcecorp.com


This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.


Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

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