Orestone Las Burras Project Overview and Exploration Plans
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) provides an overview of its Las Burras-Incahuasi project in Salta Province, Argentina. The project features two large porphyry copper-gold-molybdenum systems located approximately 100 kilometers northwest of Salta City. Initial drilling revealed anomalous copper-gold and molybdenum over intervals up to 300 metres, with mineralized intercepts assaying from 0.10 to 0.40 percent copper and 0.01 ppm gold. The company plans to conduct an Airborne Magnetotelluric survey over 18 square kilometers to define priority drill targets. Orestone can earn up to 75% interest in the 56.8 square kilometer property.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) fornisce una panoramica del suo progetto Las Burras-Incahuasi nella provincia di Salta, Argentina. Il progetto comprende due grandi sistemi porfirici di rame-oro-molibdeno situati a circa 100 chilometri a nord-ovest della città di Salta. I primi carotaggi hanno rivelato anomalie di rame-oro e molibdeno su intervalli fino a 300 metri, con valori minerali che vanno dallo 0,10 allo 0,40 percento di rame e 0,01 ppm di oro. L'azienda prevede di condurre un'indagine magnetotellurica aerea su 18 chilometri quadrati per definire i bersagli prioritari per i carotaggi. Orestone può acquisire fino al 75% di interesse nella proprietà di 56,8 chilometri quadrati.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) proporciona una visión general de su proyecto Las Burras-Incahuasi en la provincia de Salta, Argentina. El proyecto cuenta con dos grandes sistemas de cobre-oro-molibdeno porfídico ubicados a aproximadamente 100 kilómetros al noroeste de la ciudad de Salta. La perforación inicial reveló anomalías de cobre-oro y molibdeno en intervalos de hasta 300 metros, con intercepciones mineralizadas que presentaron desde 0,10 hasta 0,40 por ciento de cobre y 0,01 ppm de oro. La compañía planea llevar a cabo un estudio magnetotellurico aéreo sobre 18 kilómetros cuadrados para definir los objetivos prioritarios de perforación. Orestone puede adquirir hasta un 75% de interés en la propiedad de 56,8 kilómetros cuadrados.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF)는 아르헨티나 살타 주에 있는 라스 부라스-인카와시 프로젝트에 대한 개요를 제공합니다. 이 프로젝트는 살타 시에서 북서쪽으로 약 100킬로미터 떨어진 곳에 위치한 두 개의 대형 포르파리 구리-금-몰리브데넘 시스템을 포함하고 있습니다. 초기 채굴에서 최대 300미터의 간격에서 구리-금 및 몰리브데넘의 이상이 발견되었으며, 광물화된 채취물의 구리 함량은 0.10%에서 0.40% 사이, 금은 0.01ppm으로 나타났습니다. 이 회사는 18 제곱킬로미터에 걸쳐 공중 자극 전도 조사를 실시하여 우선 드릴 타겟을 정의할 계획입니다. Orestone은 56.8 제곱킬로미터의 부동산에서 최대 75%의 지분을 취득할 수 있습니다.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) fournit un aperçu de son projet Las Burras-Incahuasi dans la province de Salta, en Argentine. Le projet comprend deux grands systèmes porphyriques de cuivre-or-molybdène situés à environ 100 kilomètres au nord-ouest de la ville de Salta. Les premiers forages ont révélé des anomalies de cuivre-or et de molybdène sur des intervalles allant jusqu'à 300 mètres, avec des interceptions minéralisées contenant entre 0,10 et 0,40 pour cent de cuivre et 0,01 ppm d'or. La société prévoit de réaliser une enquête géomagnétique aéroportée sur 18 kilomètres carrés pour définir les cibles prioritaires de forage. Orestone peut acquérir jusqu'à 75 % des intérêts dans la propriété de 56,8 kilomètres carrés.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) bietet einen Überblick über sein Las Burras-Incahuasi-Projekt in der Provinz Salta, Argentinien. Das Projekt umfasst zwei große porphyrische Kupfer-Gold-Molybdän-Systeme, die etwa 100 Kilometer nordwestlich von der Stadt Salta liegen. Erste Bohrungen haben anomales Kupfer-Gold und Molybdän über Intervalle von bis zu 300 Metern ergeben, wobei die mineralisierten Abschnitte zwischen 0,10 und 0,40 Prozent Kupfer und 0,01 ppm Gold liegen. Das Unternehmen plant eine luftgestützte Magnetotellurische Untersuchung über 18 Quadratkilometer, um priorisierte Bohrziele festzulegen. Orestone kann bis zu 75 % der Anteile an der 56,8 Quadratkilometer großen Liegenschaft erwerben.
- Initial drilling revealed significant mineralization with copper grades of 0.10-0.40%
- Company can earn up to 75% interest in large 56.8 sq km property
- Project location in established mining jurisdiction near Salta City
- No work has been conducted on the property for over 10 years
- Very drilling completed to date
- Additional funding may be required for exploration activities
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - Orestone Mining Corp. (TSXV: ORS) (OTC Pink: ORESF) (FSE: O2R2) ("the Company") is pleased to provide an overview of the Las Burras-Incahuasi project and future exploration plans. The Las Burras-Incahuasi project hosts two large porphyry copper-gold-molybdenum systems located in Salta Province, Argentina approximately 100 kilometres northwest of Salta City. The Las Burras and Incahuasi porphyry systems, which are approximately 3 kilometres apart, have been partially defined by mapping, sampling, trenching, geophysical surveys and very limited drilling. The project has not been adequately tested and no work has been carried out in the area for over 10 years.
The systems were initially defined by induced polarization and magnetic surveys that are characterized by resistivity low-conductivity high values and a co-incident magnetic low which are features typical of large porphyry systems. Additionally, several peripheral vein and stockwork hosted gold occurrences have been mapped which are also typically associated with porphyry systems. (click here for more Las Burras information)
Las Burras and Incahuasi Porphyry Cu-Au-Mo Projects, Salta Province, Argentina
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Initial drilling intersected anomalous copper-gold and molybdenum over intervals up to 300 metres and in some cases over the entire drill hole length. These mineralized intercepts assayed from 0.10 to 0.40 percent copper and 0.01 ppm gold which is similar to the intersections on the periphery of large copper porphyries in the area. There has been no follow up drill testing of the potential 1000 to 4000 metre shallow overburden covered extensions to these targets.
Orestone plans to carry out an Airborne Magnetotelluric (MT) survey over an area of 18 square kilometers covering both the Las Burras and Incahuasi porphyry systems. This will more clearly define priority drill targets both near surface and to depth within these large target areas. Orestone has identified and contacted geophysical contractors qualified to carry out the survey in Argentina providing the survey area size and scope of work to be carried out; quotation and scheduling parameters are being discussed.
David Hottman, Orestone's CEO, stated: "Orestone has two exciting and strategic projects in our exploration portfolio: the Las Burras-Incahuasi copper porphyry property in Argentina discussed above and a gold-dominant porphyry trend on the Captain project in BC. These properties each host two large targets within robust mineralized systems and hold significant resource potential. The copper-gold-molybdenum porphyry targets at Las Burras in Argentina are located along a prominent structural corridor and in a similar geologic terrain as several large deposits in Argentina and Chile. Orestone employs advanced geological and geophysical techniques in our exploration programs and plans to complete an AirMT survey over targets on both of these projects to cost effectively define and refine the conductive porphyry targets so that they can be systematically drill tested. Both of these high potential projects have a relatively low cost profile to hold and explore at a time when we are seeing indications of the current commodity cycle gaining momentum. The Company believes the investment markets are starting to notice exploration stage companies which may increase the availability of funding for mineral exploration. When coupled with Orestone's exposure to both gold and copper projects this trend could well reward shareholders, should a large discovery be outlined."
Orestone can earn up to a 75-per-cent interest in the 56.8 square kilometer Las Burras-Incahuasi porphyry property on favorable terms (see press release dated September 3, 2024).
Gary Nordin, P.Geo, a Director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Nordin has reviewed and approved the technical information in this press release.
Orestone Mining Corp. is a mineral exploration company headquartered in Vancouver, British Columbia. The Company's primary asset is the 100 percent owned Captain gold-copper project in North Central BC which hosts a large gold dominate porphyry system. The Las Burras property optioned in Salta Argentina provides large scale copper exposure to the Company. Both projects are road accessible and suitable for exploration year-round. For more information, please visit Orestone's website at: www.orestone.ca
ON BEHALF OF ORESTONE MINING CORP.
David Hottman
CEO
For further information contact: David Hottman at 604-629-1929 | info@orestone.ca
Neither the 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 News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227502
FAQ
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