Northwire Canada EditionFriday, July 10, 2026
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Drill Results Routine +

Orestone Completes Airborne Geophysical Survey at Captain Gold Porphyry Project, BC

Orestone completes an AirMT survey at its Captain Project, positioning for upcoming Francisca drilling while holding a $2 million cash reserve.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 08:31 ORS · 0.1 Orestone Mining Corp.
Executive Summary
  • Orestone Mining Corp. completed a MobileMT airborne MagnetoTelluric survey covering the T-2 conductivity target at its 100% owned Captain Gold Porphyry Project in North Central British Columbia.
  • The 26 square kilometre survey cost $112,000 and will be analyzed over the next 30 days to guide the next drill program.
  • The T-2 anomaly intensity is comparable to the previously drilled T-1 target, which hosts sericite-potassic-feldspar alteration with Au-Cu mineralization.
  • The Captain project is permitted and drill-ready for 79 locations.
  • Historical drill intercepts demonstrate gold-copper mineralization, with notable intervals including 118.8m at 0.65 g/t Au and 164.6m at 0.41 g/t Au.
  • The Francisca gold-silver project in Salta, Argentina, continues to advance exploration to define oxide gold targets following Phase I surface sampling.
Material Impact
  • The announcement represents a standard, expected step in the exploration lifecycle for a junior mining company. Completing a geophysical survey to refine drill targets aligns with prior management guidance and does not introduce new financial or strategic variables.
  • No new assay results, resource estimates, or financing events are disclosed. The market already priced in the planned T-2 drilling program following the amended Notice of Work filed in mid-2025.
  • The news is incremental and routine. It confirms project advancement but lacks the catalyst magnitude required to move the stock materially without follow-up drill results or a capital raise.
ORS · Price
Company Overview
  • Orestone Mining Corp. is a junior mineral exploration company focused on gold and copper-gold properties in North Central British Columbia and Salta Province, Argentina.
  • Captain Gold Porphyry Project (BC): 100% owned, permitted, and drill-ready for 79 locations. Hosts a large gold-dominant porphyry system with T-1 and T-2 targets. The T-1 target shows tabular porphyry alteration with historical intercepts grading up to 6.46 g/t Au over 9.1m.
  • Francisca Gold-Silver Project (Argentina): Option agreement to earn up to an 85% interest. Phase I surface exploration identified a robust oxide gold-silver stockwork system with high-grade trench intercepts (e.g., 23.47m at 4.71 g/t Au and 28.54 g/t Ag). Historic IP/magnetic data suggests a potentially larger buried porphyry system at depth. Phase I drilling is planned.
  • Las Burras property option was terminated, with exploration costs written off.
Read the original news release →

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