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Orestone Intersects an Altered Monzonite Porphyry over 91 Metres Grading 0.26 G/t Gold and 0.065% Copper Including 24 Metres Grading 0.56 G/t Gold and 0.112 % Copper
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2019) - (TSXV: ORS) (the "Compa...
About this update from Orestone Mining Corp.
[{"type":"text","content":"Orestone Intersects an Altered Monzonite Porphyry over 91 Metres Grading 0.26 G/t Gold and 0.065% Copper Including 24 Metres Grading 0.56 G/t Gold and 0.112 % CopperVancouver, British Columbia--(Newsfile Corp. - November 20, 2019) - (TSXV: 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.Target T2Hole 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.Targets T1 - T9There are 9 large strong magnetic anomalies outlined at Captain flanking a central large magnetic diorite intrusive and only two have been drill tested to date (see website for maps). The magnetic highs strike northwesterly and vary in width from 200 - 1000 m with strike lengths of 500 - 3000 m and are potentially related to mineralized monzonite porphyries. These magnetic anomalies are associated with moderate IP chargeability anomalies from 10-15mV/v.Orestone will be permitting 27 additional ...