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 [...]
Orestone Mining Corp. is pleased to announce a non-brokered private placement consisting of up to 5,000,000 common shares at a price of $0.13 per Flow-Through Share and up to 5,000,000 units at a price of $0.09 per Unit for aggregate gross proceeds of up to $1,100,000 . Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant will be exercisable for one common share of [...]
Orestone Mining Corp. is pleased to announce that results from drill hole C20-03 and re-logging and interpretation of previous drill holes C12-03 and C19-03 have outlined a large highly potassic-sericite altered monzonite gold-copper mineralized porphyry system. The mineralized potassic-sericite altered porphyry intrusive was intersected in all three holes at a depth of 170 to 270m beneath a 30 to 100m thick layer of [...]
Orestone Mining Corp. announces that the Company has completed the previously announced 2020 diamond drilling program on the Captain gold-copper porphyry property in north central British Columbia. A total of 942 metres of NQ core drilling were completed in three holes to test for gold-copper porphyry mineralization. The 100 percent owned Captain gold-copper project hosts a porphyry system which encompasses a cluster of [...]
Orestone Mining Corp. 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 located 41 kilometres north of Fort St. James and 30 kilometres south of the Mt. Milligan copper-gold mine in north central British Columbia [...]
Michael Gentile announces that he has filed an early warning report announcing the disposition of 3,875,000 common shares in the capital of Orestone Mining Corp. . Prior to the completion of the Disposition, Mr. Gentile beneficially owned and controlled, directly or indirectly, an aggregate of 3,875,000 Shares and an aggregate of 3,875,000 common share purchase warrants , representing approximately 9.87% of Orestone's [...]
Orestone Mining Corp. is pleased to announce 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 with strong magnetic anomalies outlined at the Captain [...]
Orestone Mining Corp. is pleased to provide this update on operational activities in preparation for drilling on the Captain gold-copper porphyry project, in British Columbia this fall. The Company has received an approved 2020 Notice of Work from the BC Ministry of Mines and Petroleum Resources for 24 drill locations to test the 10 large magnetic high targets located on the east and west flanks of a central magnetic [...]
Orestone Mining Corp. announces results from the 1100-metre reverse circulation drill program on the Resguardo project in Chile. The drill program at Resguardo tested the two large exploration targets outlined on the property to date but failed to locate the source of the copper-gold mineralization mined in historic workings. The program was carried out efficiently and economically in light of COVID-19 concerns. "While we [...]
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