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Orestone Mining Corp.
Summary
| Project: | Captain | |
|---|---|---|
| Deposit: | Admiral, T2 | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 11/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-11-2019: Orestone Mining Corp. announces an Exploration/Drilling Update report for its Admiral, T2 deposit at the Captain project. Drilling results incl. 91m @ 0.26g/t Au, 0.065% Cu from 112m. Orestone Mining Corp. (TSX Venture Exchange–Symbol: ORS) (t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gary Nordin (Internal) | |
| ABSTRACT: | Orestone Mining Corp. (TSX Venture Exchange–Symbol: ORS) (the “Company”) announces that assays have been received from the Company’s 2019 drilling program at the Captain gold - copper project in north central B.C. A total of 1900 metres of drilling in 7 holes was completed in the Admiral Target and target T2, one of 9 large strong magnetic anomalies outlined at the Captain project. Hole C19-07 located two kilometres southeast of the Admiral Target was drilled into the western portion of target T2 intersecting a monzonite porphyry with very fine-grained disseminated pyrite - chalcopyrite mineralization over 91 metres grading 0.26 g/t gold and 0.065% copper from 112 m - 203.3 m including 24 metres grading 0.56g/t gold and 0.112 % copper from 178.9 m - 203.3 m. Hole 19-07 was drilled to undercut hole 13-02 located 200 m to the south which intersected 48.8 metres grading 0.35 g/t gold and 0.055% copper at the end of the hole (open to depth). Total thickness of the mineralized monzonite porphyry and altered volcanics is estimated at 140 metres with a combined average grade of 0.29 g/t gold and 0.062% copper. The T2 magnetic high target measures 200 m x 700 m. The gold - copper mineralized intercept encountered in hole C19-07 is the first long drill interval of a magnetic strongly potassic - chlorite - hematite altered monzonite porphyry with quartz - hematite stock works and very fine grained sulphides with copper - gold mineralization similar in nature to the Mt. Milligan mine mineralization. The 24 m intercept grading 0.56 g/t gold and 0.112% copper indicates that higher grade gold - copper mineralization is present within the system. | |
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