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Xochipala is the company's flagship exploration asset in Guerrero Gold Belt (Image: Oroco Resource Corp.)

Xochipala is located in the Guerrero Gold Belt (Image: Oroco Resource Corp.)

I would imagine the phones at Oroco Resource Corp (OCO:TSXV) would be busy today following a positive ruling by the Federal Tribunal of Mexico. Shares are up 200% to $0.10 on over 10.5 million shares at the time of writing.

The court granted Oroco its appeal of the decision of the lower Federal District Court which saw the lower court rule to auction off a 50%-interest and 100%-interest in their Celia Gene and Celia Generose projects, respectively.

These projects make up the Xochipala property which is the company's flagship exploration asset in the Guerrero Gold Belt.  The ruling confirmed that Oroco is the official and rightful owner of the project.  According to the company's press release, the decision of the Federal Tribunal is final, with no appeal available.

Read: Oroco Wins Xochipala Appeal