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Orestone to Drill Captain Gold-Copper Porphyry Targets
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2020) - Orestone Mining Corp. (TSX...
About this update from Orestone Mining Corp.
[{"type":"text","content":"Orestone to Drill Captain Gold-Copper Porphyry TargetsVancouver, British Columbia--(Newsfile Corp. - November 6, 2020) - Orestone Mining Corp. (TSXV: ORS) (FSE: O2R1) (WKN: A2DWW7) is pleased to announce that the drill contractor has been selected with drilling at the Captain project estimated to start November 15, 2020. The 100 percent owned Captain gold-copper project hosts a porphyry system which encompasses a cluster of large targets (see website for maps) located 41 kilometres north of Fort St. James and 30 kilometres south of the Mt. Milligan copper-gold mine in north central British Columbia.The drill program budgeted at $300,000 is designed to test two large target areas, T4 and T9 with up to 1000 metres of drilling in three holes. Target T9 on the western flank of the central diorite intrusion is a magnetic high measuring 1000 x 3000 metres and is flanked by prominent linears marked by magnetic lows. Similarly, the T4 magnetic high target on the eastern flank of the central diorite intrusion measures 400 x 700 metres in size and is flanked by linears marked by magnetic lows. In both instances the linears are thought to be related to feeder fault zones resulting in the mineralization within the magnetic highs. These magnetic anomalies are also associated with moderate IP chargeability anomalies from 10-15mv/V.Previous drilling on two of the eastern anomalies (T1 and T2), along a strike of 700 metres intersected three intervals of 91 to 164 metres in length with values averaging 0.30 g/t gold and 0.06% copper. In Hole C12-05 intervals of 6.1 and 9.1 metres encountered higher grades of 4.45 g/t gold and 6.46 g/t gold with 0.51% and 0.27% copper respectively (Orestone Mining News Release September 09, 2020).The exploration model is: monzonite porphyry's with hydrothermal breccia zones interpreted as the feeder zones or the plumbing system for gold-copper mineralization. The hydrothermal breccias, as demonstrated by drilling in anomaly T2 feature intense potassic-magnetite-carbonate alteration and are bracketed by monzonite porphyry intrusive and interpreted NW trending magnetic low fault linears. The magnetic low linears in turn bracket the 200 metre wide magnetic high anomaly of target T2.Logistics for the drill program are excellent as all of the drill locations are on existing roads with easy access 1-1.5 hours north of ...