Orestone Mining Corp. is pleased to announce that further to its news release of Jan 24, 2022, the Phase I drill program has been completed on the Captain gold-copper project near Fort St James, North Central British Columbia. The program consisted of one NQ size diamond core drill hole to a total depth of 774 meters. A total of 89 samples have been shipped to Activation Laboratories Ltd. in Kamloops, BC for analysis with [...]
Orestone Mining Corp. is pleased to announce that drilling has commenced on the Captain gold-copper project near Fort St James, North Central British Columbia. This 2022 Phase I drill program will test a large gold-copper porphyry target and will consist of 1,000 to 2,000 metres of NQ size diamond core drilling in 2 - 3 holes budgeted at $300,000 to $600,000. Drill hole targeting was refined utilizing results of a Magneto [...]
Orestone Mining Corp. announces that drilling of the Captain gold-copper project near Fort St James, North Central British Columbia has been rescheduled due to delays beyond the Company's control, the program is now anticipated to take place in the first quarter of 2022. A Magneto Telluric geophysical survey conducted in the summer of 2021 outlined a large, pronounced low resistivity / high conductivity anomaly over 800 [...]
Orestone Mining Corp. is pleased to announce that following the release of results from the recent drilling campaign , the Company contracted Peter E. Walcott & Associates Limited to carry out a Magneto Telluric geophysical survey at the Captain gold-copper project near Fort St James, North Central British Columbia. Previous drilling at Captain has defined a tabular, sericite altered zone that is 500 metres thick along a [...]
Orestone Mining Corp. 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 altered replacement zones within a large magnetic low anomaly. The exploration model at Captain is a large [...]
Orestone Mining Corp. is pleased to announce that all contractors have been selected and retained to carry out the 2021 Phase I drill program at the Captain project. Equipment mobilization is underway with drilling estimated to start on or about April 10, 2021. The exploration model at Captain is a large scale potassic-sericite altered calc-alkaline gold-copper porphyry target. The drill program will consist of 1,000 to [...]
Orestone Mining Corp. has, subject to regulatory approval, granted to officers, directors, advisors and consultants of the Company incentive stock options to purchase an aggregate of 1,615,000 common shares. The options are exercisable until April 1, 2026 at an exercise price of $0.12 per share. Orestone Mining Corp. is a Canadian based company that owns a 100% percent interest in the 37 square kilometre Captain [...]
Orestone Mining Corp. is pleased to announce the completion of its upsized non-brokered private placement of Units and Flow-Through common shares originally announced for $1.1 million February 17, 2021, subsequently increased to $1.4 million on March 1 2021, and further increased to $1.912 million on March 17, 2021 . In part "A" of the Offering the Company issued 10,228,556 units at a price of $0.09 per Unit for gross [...]
Orestone Mining Corp. is pleased to announce that the $1.1 million Orestone non-brokered private placement financing announced February 17, 2021, which was subsequently increased to $1.4 million on March 1 2021, is being further increased to $1.912 million based on receipt of firm commitments. The Unit portion of the financing, originally $450,000 and subsequently raised to $756,000, is being further increased to $963,000 [...]
Orestone Mining Corp. is pleased to announce that a review of the Induced Polarization geophysical survey from 2016 for the Captain project has yielded positive results supporting the exploration model of a large scale calc-alkaline gold-copper porphyry system. Additionally, to complete the magnetic survey coverage for the property, a small helicopter borne magnetics program is currently being carried out with readings [...]
Orestone Mining Corp. is pleased to announce that the Company has retained the services of British Columbia based Doug McKay and Associates , a full-service investor relations and consulting services company focused on the junior mining sector. Under the terms of the engagement, the company will pay DMA a fee of $9,000 per month for an initial six-month term and has granted DMA stock options to purchase up to an aggregate [...]
Orestone Mining Corp. is pleased to announce that the $1.1 million-dollar Orestone non-brokered private placement financing announced February 17, 2021 has been increased to $1.4 million. The Unit portion of the financing has been increased from $450.000 to $756,000 increasing the number of Units to be issued at a price of $0.09 per Unit from 5.0 million to 8.33 million. Each Unit will consist of one common share of the [...]
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