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Orestone Mining Plans Drilling at Captain Project

Mining News - Published on Mon, 14 Sep 2020

Image Source: Orestone Mining Captain Project
Orestone Mining Corp announced that target modeling for an upcoming drill program on the Captain Project has been refined and specific targets are being selected. As part of the data review and planning process several drill holes have been re-logged leading to a re-interpretation of previous mineralized drill intercepts. There are 10 large target areas T1-T10 with strong magnetic anomalies outlined at the Captain Project with only two targets drill tested to date. These magnetic anomalies are also associated with moderate IP chargeability anomalies from 10-15mv/V and are potentially related to mineralized monzonite porphyries and breccia's. All of the holes in the upcoming drill program are located on existing logging roads with easy access 1-1.5 hours north of Fort St James in north central BC.

Previous drilling on two of the eastern anomalies T1 and T2, along a strike of 700 metres intersected three intervals of 90 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.

Drill holes C13-02 and C19-07 drilled in target T2 were relogged by Gary Nordin PGeo, BC (Orestone Director) and Bruce Winfield P.Geo, BC (Orestone Director and President) defining hydrothermal breccia zones 20-30 metres wide associated with intense potassic-magnetite-carbonate alteration and gold-copper mineralization. Mineralization intersected in holes C13-02 and C19-07 measures 70 metres in width with an average grade of 0.29 g/t Au and 0.06% copper with a 23 metre wide zone grading 0.56 g/t gold and 0.12 % copper.

The hydrothermal breccias are interpreted as the feeder zones or the plumbing system for mineralization and are, in the case of anomaly in T2, bracketed by monzonite porphyry intrusives and interpreted NW trending magnetic low fault linears. The magnetic low linears bracket the 200 metre wide magnetic high anomaly in T2.

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Posted By : Yogender Pancholi on Mon, 14 Sep 2020
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