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Orestone Commences Drilling on the Resguardo Project in Chile
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2020) - Orestone Mining Corp. (TSXV: ...
About this update from Orestone Mining Corp.
[{"type":"text","content":"Orestone Commences Drilling on the Resguardo Project in ChileVancouver, British Columbia--(Newsfile Corp. - July 16, 2020) - Orestone Mining Corp. (TSXV: ORS) (FSE:O2R1) (WKN: A2DWW7) (the \"Company\") is pleased to announce that a drill program on the Company's Resguardo copper-gold porphyry/manto project has started with the first drill hole nearing targeted depth, we anticipate the program will be completed by month end. Resguardo is located 75 kilometres NE of the City of Copiapo, Region III Northern Chile. Access to the project is excellent along Highway 31 which serves as the main route to the La Coipa Mine and the northern Maricunga Gold Belt. The drill program, consisting of a minimum of 1200 metres of reverse circulation drilling (RC) in three holes, will be the first drill test of a strong IP chargeability anomaly that has a strike length of 1400 metres, a width of 500-800 metres, and lies at a depth of 150-200 metres. Holes 1, 2 and 3 will be drilled to a planned depth of 400 metres for a total of 1200 metres and the Company will then evaluate drilling additional holes for a program total of 2000 metres (20 drill sites have previously been approved for drilling). Hole RE-20-001 is to be drilled in the strongest part of the anomaly along IP Section Line 4 in an overburden covered area just to the west of a strong NW trending linear.Hole RE-20-002 is located at the west end of the IP high on Section Line 1 within a mapped area of sericite-silica-clay alteration and elevated surface copper oxide values on a strong NW trending linear. Hole RE-20-003 is located within a mapped area of sericite-silica-clay alteration and elevated surface copper oxide values just east of a strong NW trending linear and west of Section Line 2 (offset to a historic 22 metre drill intercept of manto style mineralization grading 0.495 copper).Hole RE-20-004 is located between Section Lines 1 and 5 just east of a mapped area of sericite-silica-clay alteration and elevated surface copper oxide values on a strong NW trending linear just west of a mapped diorite intrusive.Hole RE-20-005 is located between Section Lines 4 and 5 in an overburden covered area just north of a mapped diorite intrusive body.Figure 1To view an enhanced version of Figure 1, please visit:https://www.orestone.ca/projects/chile-resguardo-project/ The Resguardo IP target is loc...