Arco Resources Corp. is a Canadian junior resource company trading on the TSX Venture Exchange. The company was launched three years ago as a uranium explorer but recently unwound its uranium interests and, together with a name change, shifted focus to a package of gold, silver and polymetallic projects in southwestern Mexico. Additions to the company's technical and management team reflect this shift in focus. Arco is directed by an experienced board with significant success in managing early and advanced stage mineral exploration projects.
Today the company holds a portfolio of promising exploration properties with a 100% interest in some seven mineral claim blocks, several of which boast known mineralization and past production. Arco’s entire land portfolio is located in the Oaxaca district, itself a developing area play with several new and soon-to-be producers including Gold Resources Corp., Chesapeake Gold and Fortuna Silver Mines — all multi hundred million dollar companies. Arco management was formerly associated with the nearby San Jose Mine, now controlled by Fortuna Silver Mines, and is very familiar with both the land and the politics of the region.
In April 2010 the company completed a $1.3 million financing. While this is still a small sum considering the number of potential targets in its portfolio, it should be more than sufficient to drill test the company's two most promising targets, Predilecta and Taviche — both past producers of gold and silver. With a current market capitalization of less than $5M and a land package the envy of significantly larger mining companies, Arco presents a compelling value proposition for those following the junior explorers.