1/ As @OrocoCorp is weeks/month(s) away from updated PEA, great to see original PEA figures compare favorable to its peers.
👉@Alta_Copper put out some charts and Santo Tomás features in some of them!
👉 ST ⬇️ Initial Capex Capital Intensity among 11 peers.
$oco $oco.v $orrcf 2/
👉 ST similarly lowest Capital Intensity for Total Capex.

I expect initial and total Capex figure to further improve slightly with the updated PEA.

#copper

1/ Hi @OrocoCorp friends. I know you are all waiting for content and a debrief of the site visit. As some of you already know, my life circumstances changed pretty dramatically while I was in Mexico and I will need to focus on myself at least for little while. $OCO $ORRCF $OCO.V 2/ While I’m looking for a place to live and move forward in this challenging process I appreciate words of support and advise. If you feel so inclined feel free to drop $5 or whatever you wish in this #gofundme I set up. gofund.me/6e790466

THREAD $OCO $ORRCF $OCO.V
1/ We got drill results and they are 👍💪! Lots to unpack!
➡️ NZ West slope targets hit!
➡️ Significant resource expansion in line with historical grades.
➡️ 0.3 CU gradeshell will expand.
➡️ Shallower (closer to surface) deposit.
➡️ Reduced strip ratio. 2/
⚒️ N015 confirms the historical grade shell and continues the trend of adding mineralization above and below the grade shell. See circled area. All these 30-50m extensions add up to additional tonnage!

🧵VRIFY THREAD $OCO $ORRCF $OCO.V

This will be an ongoing thread to which I'll add new tweets whenever I find something interesting to discuss from @OrocoCorp on the @VRIFYTechnology viewer.

There is a lot to unpack. I'll start with two broad observations. 2/
➡️ The 3DIP anomaly provides very good guidance in predicting mineralization in NZ + SZ.

Look at how the measured + indicated in NZ (right) aligns with the core of the IP anomaly.

The same holds true in the SZ (left). Upcoming SZ drilling will vastly expand M&I in SZ.

1/ THREAD $oco $orrcf $oco.v
➡️ Below is an EXCELLENT thread on strip ratios, pit design, and the importance of value of each additionally mined block in relation to additional cost.
➡️ The geometry and depth of the deposit has a significant impact on pit design and cost.

https://twitter.com/NeilRingdahl/status/1526444705734696961

2/
➡️ As depth increases additional value decreases.
➡️ Thus, low/medium-grade deposits close to surface with more efficient pit designs can be very attractive even without headliner grades.

I did a drew a rough representation of NZ and SZ following the example in the thread.

1/ 🧵 $OCO $ORRCF $OCO.V
Let's see if the new timeline for drilling and PEA is realistic. We have to make certain assumptions.
1⃣ Target: 30 holes NZ, 30 holes BZ, 25 SZ.
2⃣ Additional Rigs: Rig 4 start July 1, Rig 5 Aug 1, Rig 6 Sep 1.
3⃣ Speed: One hole per rig per month. 2/
4⃣ Half capacity during Jan 2023 due to holidays same as Jan 2022.

➡️ 30/30/25 is educated guess based on size of zone.
➡️ One hole/month/rig is based on speed of first 9 months.

We can then plug those data/assumptions into a table.

1/ THREAD $OCO $ORRCF $OCO.V
Let’s take a look at the upcoming Brasiles holes. Before we get started, important to note drilling in BZ differs substantially from NZ drilling.
➡️~100 historical holes are valuable guidance to find mineralization. No such guidance exists for BZ. 2/
➡️NZ drilling is paint by numbers while BZ is freehand drawing without template.
➡️IP survey shows a substantial chargeability anomaly in BZ. IMPORTANT: Not all/most of anomaly will be mineralized!
➡️Note how NZ anomaly is very large, but core is only small part of anomaly.

1/ 🛰️🚨🚧 With assays for N009-N012 ~2 weeks away let's do a little preview.

➡️ The next round of assays will extend strike ~250m N-S.
➡️ N011 will be ~125m to N of N003
➡️ N010 will be ~125m to S of N008.
➡️ N009 + N012 will extend E-W by ~125m.

$oco $orrcf $oco.v 2/ In this plan view you can N001-N008 and N009-N012 overlaid onto the IP anomaly and the historical core.
➡️ With first 12 holes significant parts of the core will have been confirmed.

Let's take a look at each hole in the IP plates.