Hi all,

OCO's primary focus is the Cerro Prieto, but I really like their southern property (Xochipala) and the majors that are agressively exploring in the area.

From Oroco's Website:

"...Oroco's Xochipala concessions lie in the original Morelos National Mining Reserve in Guerrero, Mexico."

An older news release below from Goldcorp, but still a good indication of the potential Oroco has in the Guerrero Gold Belt (GBB) with their Xochipala property.

Cheers,

cvac01

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Goldcorp Acquires Bermejal Gold Deposit in Mexico; Acquisition to be Financed by Sale of Gold Bullion Inventory

March 22, 2005Vancouver, BC, March 22, 2005 - Goldcorp Inc. (TSX: G; NYSE: GG), and Wheaton River Minerals Ltd. (TSX: WRM; AMEX: WHT) (together ?Goldcorp?), are pleased to announce the acquisition by their Mexican operating arm, Luismin, of the 2.4 million ounce Bermejal Gold Deposit in Mexico for cash consideration of US$70 million. Closing of the acquisition, from Minera El Bermejal, S. de R.L. de C.V. (?Minera Bermejal?), a joint venture of Industrias Pe?oles S.A. de C.V. (?Pe?oles?) and Newmont Mining Corporation (?Newmont?), is expected by March 31, 2005.In order to finance the acquisition, Goldcorp will sell its inventory of gold bullion early in the second quarter of 2005. Furthermore, given Goldcorp?s intent to continue to grow by way of accretive acquisitions, the Company intends to discontinue its previous practice of stockpiling one third of its production from the Red Lake Mine.Ian Telfer, President and Chief Executive Officer of Goldcorp, said ?This transaction is a key step in consolidating control of the Guerrero Gold Belt, a significant part of our growth strategy in Mexico. This purchase increases Goldcorp?s current measured and indicated mineral resources in this district to nearly 6 million ounces of gold. The immediate proximity to our Los Filos Gold Deposit will allow the use of a joint processing facility for ore from both deposits, which will provide considerable economies of scale. The acquisition of Bermejal will turn our Los Filos project into the largest gold mining operation in Mexico, with average annual production expected to exceed 300,000 ounces.By financing this acquisition through the sale of our gold bullion inventory, we are converting 240,000 ounces of gold in the bank vault into 2.4 million ounces of gold in the ground. This is accretive by any measure.?The Bermejal Gold Deposit is located 2 kilometres south of Goldcorp?s Los Filos Gold Deposit, where feasibility studies are nearing completion. Testwork completed by both Minera Bermejal and Goldcorp during due diligence indicates run of mine heap leaching is the preferred processing method.With the acquisition, the main design effect on the Los Filos feasibility study will be a change in the proposed heap leach pad location to a more central location in order to provide enough capacity to process material from both open pittable deposits. Geotechnical and design studies have already commenced on the new pad location. With the majority of Bermejal ore run of mine heap leached, the already designed Los Filos crushing / agglomeration plant will not change in scope. Goldcorp plans to immediately commence further metallurgical, geotechnical, and engineering studies towards developing both Bermejal and Los Filos into one comprehensive mining operation.Reserves and Resources for Goldcorp?s interests in the Guerrero Gold Belt are reported as follows;GUERRERO GOLD BELT
MINERAL RESERVES AND RESOURCES(1,8)
(as of December 31, 2004) Notes :

1. Mineral Reserves and Resources reported above have been calculated as of December 31, 2004 in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum National Instrument 43-101.
2. Data shown is Goldcorp’s share of Mineral Resources.
3. The Bermejal Mineral Resource was estimated by Peñoles, the current operator of the project, and was included as the “Mezcala” indicated resource by Newmont in their News Release dated February 3, 2005. The Bermejal Mineral Resource is reported using a 0.35 g Au/t cutoff and a US$400 gold price. The resource estimate was audited and verified by Gary Giroux, P.Eng. of Giroux Consultants, a Qualified Person under National Instrument 43-101 guidelines.
4. The Los Filos, Nukay, and El Limon Mineral Reserves and Resources were reported by Wheaton in their News Release dated March 7, 2005.
5. The Los Filos Mineral Resource was estimated by Neil Burns, P.Geo. of Snowden Mineral Industry Consultants, a Qualified Person under National Instrument 43-101 guidelines. The Mineral Resource is wholly contained within an optimization shell using a US$400 gold price, and includes crush/leach resources of 51.5 million measured and indicated tonnes grading 1.28 grams of gold per tonne for a total of 2.12 million ounces.
6. The Nukay Mineral Reserves and Mineral Resources and were estimated by Gary Giroux, P.Eng. of Micon Consultants, a Qualified Person under National Instrument 43-101 guidelines. The reserves and resources were estimated using a US$375 gold price and appropriate cut-offs.
7. The El Limon Mineral Resource was estimated by James N. Grey, P.Geo. and Al Samis, P.Geo., both of Teck Cominco Ltd. and Qualified Persons under National Instrument 43-101 guidelines. The Mineral Resource is wholly contained within an optimization shell using a US$400 gold price.
8. Mineral Resources which are not Mineral Reserves do not demonstrate economic viability.

In February 2005, Goldcorp announced that its offer for Wheaton River was successful and this merger is expected to be finalized in April 2005. The combined company, which continues as Goldcorp under the direction of Wheaton River management, creates the world?s lowest cost million ounce gold producer, with 2005 gold production expected to exceed 1.1 million ounces of gold at a cash cost of less than US$60 per ounce. By 2007, gold production is expected to grow to over 1.5 million ounces. The combined company has a strong balance sheet with over US$500 million in cash and gold bullion, and no debt.