Orestone Prepares for AirMT Survey at Captain Gold Porphyry Project, BC
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) has announced plans for an airborne MagnetoTelluric (AirMT) survey at its Captain Gold Porphyry Project in North Central BC. The survey will focus on the T-2 conductivity target, covering 18 lines at 7.2 kilometers in length, totaling 157 line kilometers, scheduled for summer 2025.
The Captain Project, located 40 kilometers north of Fort St. James and 30 kilometers south of Mt. Milligan copper-gold mine, features a gold-dominant porphyry system within a 5-kilometer N-S trending corridor. The central T1 target has shown promising results with gold-copper mineralization zones grading 0.20 to 0.84 g/t gold and 0.05-0.11 percent copper.
The property has attracted major producers including Centerra Gold, IAMGOLD, and New Gold to stake surrounding claims. The project is fully permitted and drill-ready, with the upcoming AirMT survey designed to effectively define conductive porphyry targets for systematic drill testing.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) ha annunciato piani per un'indagine MagnetoTellurica aerea (AirMT) presso il suo Captain Gold Porphyry Project nel nord-centrale della Columbia Britannica. L'indagine si concentrerà sull'obiettivo di conducibilità T-2, coprendo 18 linee lunghe 7,2 chilometri, per un totale di 157 chilometri di linee, programmata per l'estate del 2025.
Il Progetto Captain, situato a 40 chilometri a nord di Fort St. James e a 30 chilometri a sud della miniera di rame-oro Mt. Milligan, presenta un sistema porfirico dominato dall'oro all'interno di un corridoio lungo 5 chilometri con orientamento N-S. L'obiettivo centrale T1 ha mostrato risultati promettenti con zone di mineralizzazione oro-rame che presentano gradi di 0,20 a 0,84 g/t di oro e 0,05-0,11 percento di rame.
La proprietà ha attratto grandi produttori tra cui Centerra Gold, IAMGOLD e New Gold per rivendicare le concessioni circostanti. Il progetto è completamente autorizzato e pronto per la perforazione, con l'imminente indagine AirMT progettata per definire in modo efficace gli obiettivi porfirici conduttivi per test sistematici di perforazione.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) ha anunciado planes para una encuesta MagnetoTellurica aérea (AirMT) en su Captain Gold Porphyry Project en el centro-norte de Columbia Británica. La encuesta se centrará en el objetivo de conductividad T-2, cubriendo 18 líneas de 7.2 kilómetros de longitud, totalizando 157 kilómetros de líneas, programada para el verano de 2025.
El Proyecto Captain, ubicado a 40 kilómetros al norte de Fort St. James y a 30 kilómetros al sur de la mina de cobre-oro Mt. Milligan, presenta un sistema porfirítico dominante en oro dentro de un corredor de 5 kilómetros en dirección N-S. El objetivo central T1 ha mostrado resultados prometedores con zonas de mineralización de oro-cobre que presentan grados de 0.20 a 0.84 g/t de oro y 0.05-0.11 por ciento de cobre.
La propiedad ha atraído a grandes productores como Centerra Gold, IAMGOLD y New Gold para reclamar las concesiones circundantes. El proyecto está completamente autorizado y listo para perforación, con la próxima encuesta AirMT diseñada para definir de manera efectiva los objetivos porfiríticos conductivos para pruebas sistemáticas de perforación.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF)는 북중부 브리티시컬럼비아에 위치한 Captain Gold Porphyry Project에서 공중 전자기 탐사(AirMT) 조사를 계획하고 있다고 발표했습니다. 이 조사는 T-2 전도도 목표에 초점을 맞추며, 7.2킬로미터 길이의 18개 라인을 포함하여 총 157킬로미터의 라인을 조사할 예정이며, 2025년 여름에 실시될 예정입니다.
Captain 프로젝트는 포트 세인트 제임스에서 북쪽으로 40킬로미터, Mt. Milligan 구리-금 광산에서 남쪽으로 30킬로미터 떨어진 곳에 위치하며, N-S 방향으로 5킬로미터 길이의 금이 우세한 포르피리 시스템을 특징으로 합니다. 중앙 T1 목표는 0.20에서 0.84 g/t의 금과 0.05-0.11%의 구리를 포함한 금-구리 광물화 영역에서 유망한 결과를 보여주었습니다.
이 부지는 Centerra Gold, IAMGOLD, New Gold와 같은 주요 생산자들이 주변 권리를 주장하기 위해 관심을 보였습니다. 이 프로젝트는 완전히 허가되었으며, 드릴링 준비가 완료된 상태로, 다가오는 AirMT 조사는 체계적인 드릴 테스트를 위한 전도성 포르피리 목표를 효과적으로 정의하기 위해 설계되었습니다.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) a annoncé des projets pour une enquête aérienne MagnetoTellurique (AirMT) sur son Captain Gold Porphyry Project dans le centre-nord de la Colombie-Britannique. L'enquête se concentrera sur l'objectif de conductivité T-2, couvrant 18 lignes de 7,2 kilomètres de long, totalisant 157 kilomètres de lignes, prévue pour l'été 2025.
Le projet Captain, situé à 40 kilomètres au nord de Fort St. James et à 30 kilomètres au sud de la mine de cuivre-or Mt. Milligan, présente un système porphyrique dominé par l'or dans un corridor de 5 kilomètres orienté N-S. L'objectif central T1 a montré des résultats prometteurs avec des zones de minéralisation or-cuivre affichant des teneurs de 0,20 à 0,84 g/t d'or et de 0,05 à 0,11 pour cent de cuivre.
La propriété a attiré de grands producteurs, notamment Centerra Gold, IAMGOLD et New Gold, pour revendiquer les concessions environnantes. Le projet est entièrement autorisé et prêt pour le forage, avec la prochaine enquête AirMT conçue pour définir efficacement les objectifs porphyriques conducteurs pour des tests de forage systématiques.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) hat Pläne für eine luftgestützte Magnetotellurische (AirMT) Untersuchung bei ihrem Captain Gold Porphyry Project im zentralen Norden von British Columbia angekündigt. Die Untersuchung wird sich auf das Leitfähigkeitsziel T-2 konzentrieren und umfasst 18 Linien mit einer Länge von 7,2 Kilometern, insgesamt 157 Linienkilometer, die für den Sommer 2025 geplant sind.
Das Captain-Projekt, das 40 Kilometer nördlich von Fort St. James und 30 Kilometer südlich der Kupfer-Gold-Mine Mt. Milligan liegt, weist ein golddominantes Porphyrsystem innerhalb eines 5 Kilometer langen N-S-Korridors auf. Das zentrale Ziel T1 hat vielversprechende Ergebnisse mit Gold-Kupfer-Mineralisierungszonen gezeigt, die Gehalte von 0,20 bis 0,84 g/t Gold und 0,05-0,11 Prozent Kupfer aufweisen.
Das Grundstück hat große Produzenten wie Centerra Gold, IAMGOLD und New Gold angezogen, die angrenzende Ansprüche geltend machen möchten. Das Projekt ist vollständig genehmigt und bohrbereit, wobei die bevorstehende AirMT-Untersuchung darauf ausgelegt ist, leitfähige Porphyrziele für systematische Bohrtests effektiv zu definieren.
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Vancouver, British Columbia--(Newsfile Corp. - March 13, 2025) - Orestone Mining Corp. (TSXV: ORS) (OTC Pink: ORESF) (FSE: O2R2) ("the Company") is pleased to announce that it is planning an airborne MagnetoTelluric (AirMT) survey to cover the partially defined, T-2 conductivity target at the Company's 100 percent owned Captain Gold Porphyry Project in North Central BC prior to the next drill programe. The project is located 40 kilometres north of Fort St. James and 30 kilometres south of Mt. Milligan, a large open pit copper-gold mine. The T-2 target is the southernmost target zone outlined on the property to date. The Company is obtaining contractor quotes and refining the parameters of the survey at this time. Initially the new survey will consist of 18 lines at 7.2 kilometres in length totalling 157 line kilometres and we expect to complete the program in the summer of 2025.
The Captain Project hosts a gold dominant porphyry style mineralized system occurring within a 5 kilometre long, N-S trending corridor of low resistivity defined by a 2022 AirMT survey (for larger maps click here). Three targets occur at the intersection of interpreted northeast and northwest trending cross faults. This type of low resistivity feature is often related to large porphyry systems. Also gold rich porphyry systems such as Red Chris mine in northeastern British Columbia are typically strongly structurally controlled and are characterized by a narrow zone of multiple intrusive dyke phases widening at depth with a halo of copper-gold rich disseminated sulphides and quartz stock works overlying the dyke system.
Captain Project Low Resistivity Trend Plan View
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4752/244467_50882a0144e829e3_001full.jpg
The T-2 anomaly is similar in intensity to the T-1 target. The central T1 target, an extensive 2 X 2 kilometre tabular zone of porphyry style alteration hosts zones of sericite-potassic-feldspar 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. Drill core logging has identified altered and mineralized porphyry dykes, both in the hanging wall and dipping into the observed MT conductor implying the presence of a potential intrusive porphyry system. It is thought to be highly probable that the next phase of drill holes will intersect a gold-copper porphyry intrusive system with mineralization similar to that found in the overlying dykes and volcanics.
David Hottman, Orestone's CEO, stated: "Orestone's property portfolio includes exploration exposure to gold, silver and copper in Canada and Argentina. 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; permitted and drill ready. The gold discovery potential of Captain has attracted large producers Centerra Gold, IAMGOLD and New Gold to stake claims almost completely surrounding the property. Earlier stage projects in the portfolio include the Las Burras copper-gold project and the Francisca gold-silver project. Both are earn-in options in Salta Province Argentina and provide scaled exploration exposure to the Company. Orestone employs advanced geological and geophysical techniques in our exploration programs and plans to complete an AirMT survey to cost effectively define the conductive porphyry targets so that they can be systematically drill tested. All of these high potential projects have a relatively low-cost profile to hold and explore and are suitable for exploration year-round. Orestone's exposure to gold, silver and copper projects could well reward shareholders should a large discovery be outlined."
The drill intercepts to date from Captain demonstrate a well mineralized system. Below are previously released results.
| Drill Hole | From | To | Interval m | g/t gold | % copper |
| C09-05 | 134.1 | 137.2 | 3.1 | 0.35 | 0.16 |
| C11-01 | 127.0 | 214.0 | 87.0 | 0.23 | 0.03 |
| incl | 127.0 | 170.0 | 43.0 | 0.30 | 0.09 |
| C12-03 | 179.5 | 246.5 | 67.0 | 0.13 | 0.06 |
| C12-05 | 88.1 | 206.9 | 118.8 | 0.65 | 0.06 |
| (1) | 88.1 | 206.9 | 118.8 | 0.30 | 0.06 |
| incl | 152.1 | 161.2 | 9.1 | 6.46 | 0.27 |
| C12-05 | 377.6 | 542.2 | 164.6 | 0.41 | 0.07 |
| (1) | 377.6 | 542.2 | 164.6 | 0.32 | 0.07 |
| incl | 499.5 | 505.6 | 6.1 | 4.45 | 0.51 |
| C13-02 | 32.4 | 66.4 | 34.0 | 0.20 | 0.07 |
| C13-02 | 121.3 | 170.1 | 48.8 | 0.35 | 0.06 |
| C13-03 | 204.9 | 207.9 | 3.0 | 1.90 | 0.23 |
| C19-03 | 271.0 | 295.0 | 24.0 | 0.27 | 0.09 |
| C19-07 | 112.0 | 203.3 | 91.0 | 0.26 | 0.07 |
| incl | 178.9 | 203.3 | 24.0 | 0.56 | 0.11 |
| C20-03 (2) | 247.0 | 329.0 | 82.0 | 0.23 | 0.11 |
| incl (2) | 309.0 | 329.0 | 20.0 | 0.50 | 0.19 |
| incl | 325.0 | 327.0 | 2.0 | 7.05 | 0.26 |
| C20-03 | 394.0 | 408.0 | 14.0 | 0.84 | 0.17 |
| C21-01 | 541.0 | 744.0 | 203.0 | 0.329 | 0.06 |
| C21-02 | 176.5 | 313.0 | 136.5 | 0.18 | 0.03 |
| and | 414.0 | 436.0 | 22.0 | 0.70 | 0.01 |
| and EOH | 608.0 | 611.0 | 3.0 | 0.76 | 0.05 |
(1) High gold values cut to 1.16 g/t gold
(2) Assay interval of 7.05 g/t gold cut to 1.80 g/t gold
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 property portfolio includes exploration exposure to gold, silver and copper in Canada and Argentina. Orestone's near term objective on the Francisca gold property in Salta Province, Argentina is to define an oxide gold deposit mineable by open pit methods using low cost heap leach gold recovery. 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; permitted and drill ready. The Las Burras property optioned in Salta Argentina provides large scale copper exposure to the Company. All three 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/244467
FAQ
What are the expected completion dates for ORESF's AirMT survey at Captain Gold Project?
What are the current gold-copper mineralization grades at ORESF's Captain Project T1 target?
Where is ORESF's Captain Gold Porphyry Project located and what major mines are nearby?
Which major mining companies have staked claims around ORESF's Captain Project?
What is the size of the mineralized corridor at ORESF's Captain Project?
