GOLD DOMINANT PORPHYRY TARGET
The central part of the low resistivity, high conductivity zone known as the T1 target has not been drill tested to date and lies at the center of a large-scale alteration halo measuring 2,000 meters on 2000 meters. The core of the T1 resistivity anomaly measures 500 x 1000 meters at a depth of 900 meters below surface, increasing in size to 1500 x 1500 meters on a 1000 meter vertical profile and remains open at a depth below 1900 meters.
The gold-copper alteration and mineralization defined to date at T1 is interpreted to be related to a sulphide-rich intrusive body at depth that was responsible for the sericite-potassium feldspar (kspar) alteration and sulphide extent fine-grained with gold-copper mineralization. intersected in previous widely spaced drill holes. Seven fringing holes delineated the area defining a 200-500 meter thick tabular zone of phyllic alteration hosting sericite-kspar alteration zones containing 20-160 meter thick gold-copper mineralization grading 0.20 to 0.84 g/t gold and 0.05-0.11% (500-1100 ppm) copper (see table below). This mineralization is interpreted to have been emplaced by upwelling hydrothermal and epithermal breakouts driven by a large porphyry system directly below.
“The MobileMT survey results are very encouraging and show improved definition of the large T1 gold-dominant porphyry target. With the definition of an area approximately one cubic kilometer (1 km-3) in size, there is more than enough room to encounter considerable tonnage. The next drill program is scheduled for winter 22/23,” says
TREND OF LOW RESISTIVITY AT FIVE KM
The T1 target is one of three distinct low resistivity, high conductivity MobileMT targets defined over a strike length of five kilometers along a prominent north/south trending inferred regional fault. This trend remains open in both directions on the Orestone claims. The low resistivity target T1 coincides with strong induced polarization (IP) chargeability highs and magnetic lows. The other two low resistivity targets along the trend coincide with magnetic lows, but no IPs have been conducted in these areas.
Neither the
Forward-looking statements
This press release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. These forward-looking statements reflect management’s current beliefs and are based on assumptions made by the Company and information currently available to it. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, but not limited to, market conditions, availability of financing, exchange rate fluctuations, actual results of exploration and development activities, environmental risks, future prices for copper, gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental or regulatory approvals and permits, and other risks in the mining industry. Additionally, there is uncertainty about the spread of the COVID-19 virus and its impact on the Company’s operations, global supply chains and economic activity generally. All forward-looking statements made in this press release are qualified by these cautionary statements and those contained in our continuous disclosure documents available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof, and the Company undertakes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable law.
Contact:
The head office
Such. : +1 604.629.1929
Email: info@orestone.ca
(C) 2022 electronic news edition, source
