en.Wedoany.com Reported - Orestone Mining Corp. (ORS: TSXV; ORESF: OTC; O2R2: FSE) announced the completion of a MobileMT airborne magnetotelluric (MT) survey covering part of the Captain Gold Porphyry Project in north-central British Columbia, Canada, aimed at further defining the previously identified T-2 conductivity target. The survey covered 26 square kilometers at a total cost of C$112,000, with 157 line kilometers flown along 19 east-west lines (each 7 km, spaced 200 m apart) and 4 north-south lines (spaced 2,000 m apart). The company expects to receive survey results within the next 30 days.
David Hottman, Chairman and CEO of Orestone, noted in a press release that the company's 100%-owned Captain Gold-Copper Project hosts a large gold-dominant porphyry system with drill permits already in place. The MobileMT survey, as a cost-effective exploration tool, can more precisely define the T-2 target before the next drilling phase. This geophysical method is a deep-penetrating electromagnetic technique commonly used to identify deep structures, geothermal systems, and mineralized systems such as porphyry deposits. Large concealed porphyry deposits characterized by strong low resistivity (high conductivity) include the Resolution mine in Arizona, the Collahuasi and El Salvador mines in Chile, and the Pebble deposit in Alaska. The gold discovery potential of the Captain project has attracted gold producers Centerra Gold Inc. (CG: TSX; CADGF: OTCPK), IAMGOLD Corp. (IMG: TSX; IAG: NYSE), and New Gold Inc. (NGD: TSX; NGD: NYSE.MKT) to stake claims in adjacent areas.
Hottman stated that the company's portfolio also includes the Francisca Gold-Silver Project in Salta Province, Argentina, where exploration activities are defining multiple gold-silver targets, providing additional scale advantages. Orestone employs advanced geological and geophysical techniques in exploration to cost-effectively define high-potential targets and systematically test them through drilling. The company's project holdings and exploration costs are relatively low, supporting year-round exploration activities.
Orestone is a Canadian company with a portfolio encompassing gold, silver, and copper interests in Canada and Argentina. The company can earn up to an 85% interest in the Francisca property, which allows year-round exploration and benefits from good infrastructure due to other mining projects.
In a technical analyst opinion written for Streetwise Reports on March 16, 2026, John Newell of John Newell & Associates gave Orestone a "Speculative Buy" rating, noting that the stock had achieved its previous target price of C$0.15. Newell set a second target price of C$0.23 and a third target price of C$0.40. Regarding the company's projects, Newell discussed the Captain target in British Columbia and the Francisca target in Argentina, suggesting that because these projects are located in the Northern and Southern Hemispheres, exploration can often advance in one jurisdiction while activities slow in the other due to seasonal conditions. This creates potential for more sustained exploration progress and year-round catalysts, exactly what investors often look for in junior exploration stories. Newell concluded that with strengthening gold and copper markets and advancing exploration projects, Orestone is a company to watch in the junior exploration space.
Earlier this year, gold prices hit a record high above US$5,000 per ounce in January. Following news of the US-Iran peace agreement, spot gold rose 0.81% to US$4,343.20 per ounce. In April, S&P Global stated that gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risks helping to establish a price floor above recent correction lows. Despite gold market volatility, the metals sector overall showed signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today noted that the World Bank Group forecasts a 17% overall increase in global metal prices in 2026, marking the first overall market rise since 2022.
Results from further exploration and mapping in areas north and south of the known gold-silver zones at the Francisca property will be released soon. In a company presentation on June 4, 2026, Hottman characterized the entire Francisca project as a near-term catalyst, noting that work can be completed year-round and calling it a "multi-million ounce target." He stated that the 2026 drilling campaign at Francisca would begin within the next month or two, with assay results expected to emerge approximately 60 days later. Hottman also said that the biggest reason to become a shareholder is having a professional management team with a successful track record, and that this project could be a game-changer, representing a tier-one asset.
Orestone Mining Corp. has a market capitalization of C$7,504,288,000 and 106,993,563 shares outstanding. The company's 52-week stock price range is C$0.04 to C$0.175. Institutions hold 11% of shares, management and insiders hold 13%, strategic investors hold 11%, and the remaining 65% is held by retail investors.
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