ORESTONE MINING CORP. Orestone Mining Corp. announced the acquisition of additional claims to expand the Captain gold-copper Porphyry Project near Fort St. James, North Central British Columbia by over 80%.
The additional claims cover 4,418.75 hectares primarily to the south of the Captain claim block which now encompasses 9,692 hectares. The 100% interest in the claims were acquired from an arms-length third party for cash consideration of $26,000 and a 1% Net Smelter Return (NSR) royalty on gold produced from the acquired property. Additional information concerning 2022 exploration and property activities will be released as it becomes available.
The 100% owned Captain gold-copper Project now encompasses 96 square kilometres and hosts a large gold dominate porphyry system located 41 kilometres north of Fort St. James and 30 kilometres south of the Mt. Milligan copper-gold mine in North Central British Columbia.
The Captain Project features relatively flat terrain, moderate tree cover, and an extensive network of logging and Forest Service roads suitable for exploration year around.
