- Orestone Mining Corp. (ORS) reported results of a recent airborne MagnetoTellurics survey on the Captain Gold-Copper Porphyry Project
- The survey confirmed and better defined the large gold dominant porphyry T1 target that is the subject of ongoing exploration
- Seven fringing drill holes have outlined the zone by defining a 200-500-metre-thick tabular zone of phyllic alteration hosting zones of sericite-kspar alteration containing gold-copper mineralization from 20-160 metres thick grading 0.20 to 0.84 g/t gold and 0.05-0.11 percent (500-1100 ppm) copper
- Orestone Mining (ORS) is up 50 per cent, trading at $0.03 at 2:20 pm ET
Orestone Mining Corp. (ORS) reported results of a recent airborne MagnetoTellurics (MobileMT) survey on the Captain Gold-Copper Porphyry Project.
The survey confirmed and better defined the large gold dominant porphyry T1 target that is the subject of ongoing exploration.
The T1 target is one of three distinct low resistivity-high conductivity zones within a prominent 5 km long trend outlined in the project. The target is a large, well-defined drill-ready dominant gold porphyry opportunity in a company with a low market capitalization. Planning for the next phase of drilling is underway. The target is untested by drilling to date and lies in the centre of a large-scale alteration halo.
Seven fringing drill holes have outlined the zone by defining a 200-500-metre-thick tabular zone of phyllic alteration hosting zones of sericite-kspar alteration containing gold-copper mineralization from 20-160 metres thick grading 0.20 to 0.84 g/t gold and 0.05-0.11 percent (500-1100 ppm) copper.
Orestone Mining Corp’s CEO, David Hottman, called the results of the MobileMT survey highly encouraging, showing better definition of the large T1 gold dominant porphyry target.
“With the definition of an area of approximately one cubic kilometre (1km³) in size, there is more than enough room to encounter some considerable tonnage. The next drill program is being planned for winter 22/23.”
Orestone has an approved amended notice of work in place with 61 drill locations permitted. Planning for the next phase of drilling on the T1 porphyry target is in progress.
The 100-per-cent-owned Captain Gold-Copper Project encompasses 96 square kilometres. It hosts a large gold-dominant porphyry system located 41 kilometres north of Fort St. James and 30 kilometres south of the Mt. Milligan copper-gold mine in North Central British Columbia.
Orestone Mining Corp. (ORS) is a mineral exploration company.
Orestone Mining (ORS) is up 50 per cent, trading at $0.03 at 2:20 pm ET.