| ||May 05, 2010|
Arco's Lachiguiri Property Meets Minimum Listing Requirements
| ||May 5, 2010: Vancouver, B.C.: Arco Resources Corp. (TSX-V: ARR) ("Arco" or the "Company") is pleased to announce that the TSX Venture Exchange has determined that Arco's Lachiguiri Property located in Oaxaca, Mexico meets Tier 2 Minimum Listing Requirements in connection with the letter of intent (the "LOI") between Arco and Silex Ventures Ltd. (see our news release dated December 2, 2009).|
The Lachiguiri Property has an area of 4200 hectares and is located approximately 140 kilometers southeast of the city of Oaxaca near the town of Santiago Lachiguiri. It is comprised of two mining claims, El Pochotle and El Pochotle II, which are 100% owned by one of Arco's wholly-owned Mexican subsidiaries. The Lachiguiri Property is one of the properties which Silex has the right to acquire a 100% interest in pursuant to the LOI as its Qualifying Transaction under Exchange policy.
A Technical Report has been prepared on the Lachiguiri Property for Silex under National Instrument 43-101 (the "Report"). The Report, which will be available shortly under Silex' filings on www.sedar.com, recommends a two-phase exploration program on the Lachiguiri Property at a cost of approximately US$800,000. Phase one, budgeted at US$350,000, will consist of further soil geochemical sampling of mineralized areas, along with an Induced Polarization survey with Ground Magnetics. Phase two will consist of a diamond drilling campaign comprising approximately 1500 metres, targeted on localities with anomalous precious metal values and good geophysical anomalies identified in phase one. Phase two is budgeted at approximately US$450,000.
About Arco Resources
Arco holds a 100% interest in seven mineral claim blocks, all located in the State of Oaxaca, Mexico. The Company has begun to focus its efforts on its Taviche and Predilecta claim blocks, each of which has had historical production of gold and silver. The Company currently has agreements in principle to option 100% interests in its Lachiguiri, Silacayoapan and Nino Perdido Property (to Silex Ventures Ltd.) and in its Tres Hermanas Property (to Zodiac Capital Ltd.).
For further information on the Company please go to www.arcoresources.com, or contact Ian Tootill, Director of Investor Relations, 604 639 2866 ext 110. or at email@example.com. Follow Arco on Facebook.On behalf of the Board of Directors of Arco Resources Corp.
President and Chief Executive Officer
Arco Resources Corp.
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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