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Orestone Mining Corp V.ORS

Alternate Symbol(s):  ORESF

Orestone Mining Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. The Company owns a 100% interest in certain mineral claims comprising the Captain Property located near Fort St. James, British Columbia. The Captain Project is located 150 kilometers (km) north of Prince George, northern British Columbia, located 41 kilometers north of Fort St. James and 30 kilometers south of the Mt Milligan copper-gold mine. The Project covers an area of approximately 105 square kilometers. The Captain Project hosts various copper-gold and copper-molybdenum porphyry deposits.


TSXV:ORS - Post by User

Post by Zeffirinon Sep 20, 2019 11:40pm
234 Views
Post# 30150851

Orestone releases survey results for Resguardo

Orestone releases survey results for ResguardoOrestone releases survey results for Resguardo 2019-09-17 12:02 ET - News Release Mr. David Hottman reports ORESTONE OUTLINES LARGE IP CHARGEABILITY ANOMALY BELOW SURFACE COPPER MINERALIZATION AT RESGUARDO IN NORTHERN CHILE Orestone Mining Corp. has released the results of a recently completed IP/resistively geophysical survey on its Resguardo project in the Copiapo district of northern Chile. The survey was designed to test the potential for copper-gold porphyry or manto-style mineralization below historic surface workings. A total of eight kilometres of IP/resistivity were completed in four lines of 2,000 metres length each. A large chargeability anomaly was outlined at a depth of 150 to 250 metres below surface, with values greater than 12 millivolts per volt over a strike of 1,400 metres and width of 500 to 800 metres. A central core of greater than 20 millivolts per volt over a strike length of 1,100 metres and width of 300 to 600 metres shows values up to 45 millivolts per volt and the anomaly remains open to depth. In addition, the most western line of the survey, located 1,000 metres west of the IP anomaly, has outlined a broad IP chargeability anomaly of plus 9.5 millivolts per volt over a 600-metre-width open to the west, indicating that there may be another target area requiring expansion of the IP/resistivity geophysical coverage. Copper-gold mineralization at Resguardo occurs as disseminations and fracture coatings within a 50-metre-wide to 100-metre-wide vertical fracture zone along a strike length of 1,500 metres, open to the southwest. Where favourable flat-lying carbonate beds occur, copper-gold manto-skarn mineralization is present up to 20 metres in thickness. Historically near-surface oxide copper grading 1 per cent to 7 per cent and approximately 0.50 gram per tonne (g/t) gold was mined intermittently from pits and tunnels and sold to ENAMI for processing. Although sampling is believed to have been competently carried out, it was not certified by a professional geologist, therefore the results are not National Instrument 43-101 compliant and cannot be relied upon. Orestone is very encouraged by the IP survey results, which support the possibility that the historic surface copper-gold mineralization may be the result of leakage from a large copper-gold porphyry or manto system at a shallow depth. The company is planning for a trenching, road access and drilling program to test this newly defined large target. Additional information will be released as it becomes available. Gary Nordin, professional geoscientist (British Columbia), has reviewed the technical information contained in this news release and visited the project. About Orestone Mining Corp. Orestone is a Canadian-based company that controls a portfolio of gold and copper-gold exploration projects in Chile and British Columbia, Canada. The Captain project hosts the Admiral target, a large drill-ready gold/copper porphyry system located 30 kilometres south of the Mount Milligan mine in British Columbia.
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