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Last C$0.35 CAD
Change Today +0.05 / 16.67%
Volume 106.0K
As of 3:53 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

oceanus resources corp (OCN) Snapshot

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09/17/14 - C$0.52
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oceanus resources corp (OCN) Details

Oceanus Resources Corporation engages in the exploration of mineral properties in Mexico. The company explores for gold, silver, and base metals. It holds interests in the La Lajita property, which comprises 12 mining concessions covering an area of 3,200 hectares located in the south-west corner of Durango, Mexico. The company was incorporated in 2010 and is based in Halifax, Canada.

Founded in 2010

oceanus resources corp (OCN) Top Compensated Officers

Chief Financial Officer, Corporate Secretary,...
Total Annual Compensation: C$60.0K
Compensation as of Fiscal Year 2014.

oceanus resources corp (OCN) Key Developments

Oceanus Resources Corporation Auditor Raises 'Going Concern' Doubt

Oceanus Resources Corporation filed its Annual on Jul 29, 2015 for the period ending Mar 31, 2015. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Oceanus Resources Corporation Announces that its Exploration Team is on Site at Its La Lajita Property Indurango State, Mexico

Oceanus Resources Corporation announced that its exploration team is on site at its La Lajita Property in Durango State, Mexico and has commenced the 2015 exploration program. The first phase of the 2015 exploration program will consist of geological mapping and prospecting with the objective of identifying new gold showings along the La Lajita fault system in the area of the Cerro del Sol prospect located along the southern extension of the fault system, as well as to the north of the Esperanza prospect. These gold- silver prospects are two of a total of eight prospects that have been identified on the La Lajita fault system, which has been traced along surface for over three kilometers. In December 2014, Oceanus completed a successful sampling program at the Cerro del Sol prospect where grab samples were collected on the basis of their interesting geological characteristics. Sampling of a jasperoidal breccia material graded 53.0 grams per tonne gold and 123.3 grams per tonne silver and a sample of green quartz breccia graded 39.4 grams per tonne gold and 138.7 grams per tonne silver. Although visible gold was observed in the Cerro del Sol breccia, none was seen in the samples sent to the laboratory for analyses.

Oceanus Resources Corporation Announces the Results of its Phase 3 Exploration Program

Oceanus Resources Corporation announced the results of its Phase 3 exploration program on the La Lajita Property in Durango State, Mexico. Four diamond drill holes were completed at the Santo Nino prospect. Geological mapping, prospecting and sampling were completed along the La Lajita fault system. Stream sediment sampling was completed in the north-western area of the property to assess the gold potential along the north-west extension of the La Lajita fault system. Four diamond drill holes totaling 555.4 meters of PQ3 triple tube were drilled at the Santo Nino prospect to test the northern strike extension of the high grade ore shoot intersected previously by holes OCN-13-005, OCN-14-008, OCN-14-026 and OCN-14-027. Hole OCN-13-005 from 2013 returned 7.1 grams per tonne gold and 48.8 grams per tonne silver over a core length of 20 meters, including 18.9 g/t gold and 71.3 g/t silver over a core length of 6.5 meters at the Santo Nino. Visible gold was present in and is associated with the high-grade interval in hole OCN-13-005. The Phase 2 drill program in summer 2014 returned 3.13 g/t gold and 22.3 g/t silver over a core length of 26.0 meters hosted by sheared and altered tuffs with greenish quartz breccia with visible gold in hole OCN-14-026. At the Cerro del Sol prospect geologists observed local gambusinos performing small scale mining on an east-west trending epithermal breccia zone over a strike length of 50 meters and to a depth of 10 meters. The breccia consists of angular fragments of the wall rock supported by a siliceous, jasperoidal, green quartz with colloform textures. Geologists observed visible gold in the breccia with gold grains up to 1.0 mm in size. At the Esperanza prospect 35 meters of hand dug trenches uncovered a quartz vein breccia zone. The quartz vein system is silicified over a strike length of 30 meters. Meter long channel samples were collected along the trench and two sections of the trench returned assay values as follows: 0.7 grams per tonne gold and 82.0 grams per tonne silver over 7.0 meters; 1.0 grams per tonne gold and 13.9 grams per tonne silver over 6.7 meters.


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