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Orestone Drilling Intersects Tabular Gold-Copper Zones at Captain Indicating a Large Gold-Copper Porphyry System
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2021) - Orestone Mining Corp. (TSXV: ...
About this update from Orestone Mining Corp.
[{"type":"text","content":"Orestone Drilling Intersects Tabular Gold-Copper Zones at Captain Indicating a Large Gold-Copper Porphyry SystemVancouver, British Columbia--(Newsfile Corp. - June 17, 2021) - Orestone Mining Corp. (TSXV: ORS) (FSE: O2R1) is pleased to announce the results of a recently completed drilling program at its Captain gold-copper project near Fort St James, North Central British Columbia. Two diamond drill holes were completed during the period of April 9 to May 5, 2021 intersecting tabular gold-copper mineralized kspar (potassic) altered replacement zones within a large magnetic low anomaly. The exploration model at Captain is a large scale potassic-sericite altered calc-alkaline gold-copper porphyry.Drill holes C21-01 and C21-02 spaced 815 metres apart, were drilled to depths of 821 and 611 metres respectively (see website for all maps and sections referenced). The holes targeted a gold-copper porphyry and both holes intersected thick tabular potassic-sericite altered replacement zones with wide gold-copper mineralized sections (see table below).HoleFrom (m)To (m)Interval (m)Gold g/tCopper %Gold Equiv. g/tC21-01541.0577.036.00.260.050.33C21-01656.7742.485.70.370.060.45C21-02223.0313.090.00.200.020.22C21-02414.0436.022.00.700.010.71 Metal prices used to calculate Gold Equivalent are: copper US$3.00; gold US$1650 The present drill holes combined with hole C20-03 have outlined a tabular, sericite altered envelop 500 metres thick along a strike length of 800 metres and a width in excess of 1000 metres, and open to the east (500m x 800m x1000m). This represents a large volume of intensely hydrothermally altered latite/monzonite volcanic rocks with thick zones of potassic alteration containing gold-copper mineralization; two 82-85 metre wide zones in the north (\"Cross Section A\") and a 90 metre wide zone in the south (\"Cross Section B\"). This environment indicates the presence of a large gold-copper porphyry system and the lower intersection in drill hole C21-02 indicates the potential for higher grade within the mineralized system.\"We are very encouraged by the results of this drill program. All of the mineralized intercepts encountered on the Captain Project to date indicate that a gold enriched calc-alkaline porphyry system exists. This type of system can host large, gold rich deposits and in some cases with a higher-grade cor...