Ors corporate presentation october 2012

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Ors corporate presentation october 2012

  1. 1. A Results Focused Gold-Copper CompanySeptember 2012 TSX.V:ORS
  2. 2. FORWARD LOOKING STATEMENTS This presentation contains certain forward looking statements that are based on assumptions made by management based on the information currently available to us. These statements include, but are not limited to, statements about our development plans, objectives, and expectations. The forward looking statements provided in this presentation reflect our current views with respect to future events, are not guarantees of future performance or production, involve risks and uncertainties that are difficult to predict and may be based upon assumptions as to future events that may prove to be inaccurate. It is important to realize that many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied in this presentation. These factors include, but are not limited to, levels of actual grades of ores found on Orestone properties and activities by governmental authorities. The forward looking statements contained in this presentation are made as of the date hereof and Orestone undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. 2 TSX.V:ORS
  3. 3. ORESTONE ‐ SUMMARY The Company is professionally managed Focus project – Captain is 100% owned (BC Canada) The Captain East target is large measuring 1,000 by 5,000 meters The “discovery hole” compares favorably to Mt. Milligan 30km north:  Mt. Milligan ore grade (532 Mt): 0.38 g/t gold and 0.20% copper  Captain discovery hole 43m: 0.29 g/t gold and 0.09% copper  Including 16m: 0.43 g/t gold and 0.13% copper. Conclusion – Captain is a large, early stage copper/gold discovery. Two other targets remain untested - 30 locations permitted for drilling.3 TSX.V:ORS
  4. 4. SHARE STRUCTURE Shares Issued & Outstanding 35,792,823 Warrants (Jul 2013 @ $0.40) 1,225,000 Warrants (Oct 2013 @ $0.16) 11,659,625 Options (Average Price $0.25) 3,254,500 Fully Diluted Shares* 51,931,948 Held by Insiders (Fully Diluted): ~28% *Cash from option & warrant ex $3.2 million4 TSX.V:ORS
  5. 5. DIRECTORS AND MANAGEMENTDavid Hottman, Director, President & C.E.O - 25 years experience in corporate finance andmanagement of resource companies. A founder of Portal Resources, Eldorado Gold (TSX, NYSE)and Nevada Pacific Gold acquired by McEwen Mining (NYSE) in 2007.Gary Nordin, B.Sc (Geol. Hons), Director, VP Exp - A leading exploration geologist with a proventrack record of identifying and developing important resource projects. Founding team member ofEldorado Gold (TSX, NYSE) and Bema Gold which was acquired by Kinross.Erika Vargas, MBA, CFO - Ms. Vargas has been the Senior Accountant for Galileo Petroleumsince 2008. Previously Ms. Vargas worked as a Controller for Scovill Fasteners Mexico, amanufacturing company with global operations.John Holmlund, Independent Director - 30 years as successful entrepreneur and businessman.Founder and CEO of Focus Corporation, a successful geomatics consulting and oilfield servicesfirm.Gordon Richards, Independent Director - 40 years geological experience in Canada andinternationally, including Cominco, Giant Yellowknife, Asarco and Atlas.Bob Wasylyshyn, B.Sc (Geol), Independent Director - 30 years of industry experience in Northand South America as well as Europe. He has managed activities from grass-roots explorationdiscoveries through to the successful re-start and operation of the Bjorkdal gold mine in Sweden.Most recently he served as the President and COO of Gold-Ore Resources.Doug Willock, MBA, Independent Director - 30 years experience in corporate finance withleading Canadian and international investment banks, as well as managing junior resourcecompanies. Most recently he served as President and CEO of Polar Star Mining.5 TSX.V:ORS
  6. 6. ADVISORY BOARD Robert Pease, B.Sc., P.Geo, Advisor to the Board – Mr. Pease was previously the founder, CEO and a Director of Terrane Metals Corp., which owned the Mt. Milligan project until it was acquired for $700 million in 2010 by Thompson Creek Metals. He is also a former Director and Strategic Advisor to Richfield Ventures Corp., a junior gold mining company in British Columbia which was acquired earlier his year by New Gold Inc. through a plan of arrangement valued at approximately $550 million. Previously, he was employed by Placer Dome for twenty five years, most recently as General Manager, Canada Exploration and Global Major Projects.6 TSX.V:ORS
  7. 7. SUMMARY A seasoned and committed team A gold and copper explorer in BC, Canada 4 projects cover 700 square Km7 TSX.V:ORS
  8. 8. CAPTAIN PROPERTY ‐ OUR FLAGSHIP PROJECT The 100% owned Captain Property covers 417 square kilometers bordered by Thompson Creek Metals, Xstrata and Goldfields. The property hosts a large copper/gold porphyry system 30 km south of the Mt. Milligan Mine along the same NW Structural Trends. 8 TSX.V:ORS
  9. 9. CAPTAIN TARGET – REGIONAL STRUCTURE9 TSX.V:ORS
  10. 10. CAPTAIN TARGET – TOPOGRAPHY7 by 7 kilometers, mild topography dissected by numerous logging and Forest Service Roads.10 TSX.V:ORS
  11. 11. CAPTAIN PROPERTY – EXPLORATION 2011  The primary goal for 2011 was to establish the existence of a large mineralized copper/gold porphyry system.  2011 expenditures totaled $600,000  Grid layout and 31 line kilometers of geophysics  Induced Polarization  Resistivity  Ground Magnetometer  1240 metres of core drilling in four-holes  Petrographic studies of the core material11 TSX.V:ORS
  12. 12. CAPTAIN TARGET – IP CHARGEABILITY  AND MAGNETICSThree geophysical anomalies interpreted to be similar to the Mt. Milligan Deposit.12 TSX.V:ORS
  13. 13. CAPTAIN EAST TARGET – DRILLING SUMMARY Hole C11-02 was drilled to a depth of 185 metres at the eastern edge of a magnetic high intersecting a monzonite intrusive, minor pyrite. Hole C12-01 was drilled 400 metres east of hole C11-02 to a depth of 499 metres, intersecting sericite-pyrite-quartz-carbonate over 250 metres - pyritic halo, outer phyllic shell around the porphyry. Hole C11-01 was drilled 400 metres east of hole C12-01 to a depth of 255 metres and intercepted highly potassic-sericite-carbonate altered volcanic rocks, porphyry dykes and hydrothermal breccia. Assays from this hole returned an intercept of 87 metres from 127 metres grading 0.230 g/t gold and 0.03% copper, including 43 metres grading 0.298 g/t gold and 0.09% copper and 16 metres grading 0.434 g/t gold and 0.133% copper. Geochemical data combined with the geophysical signature indicate a mineralized porphyry system strengthening to the east.13 TSX.V:ORS
  14. 14. CAPTAIN ‐ EAST TARGET ‐ PETROGRAPHIC ANALYSIS Hole C11-02 was drilled to a depth of 185 metres at the eastern edge of a magnetic high intersecting a monzonite intrusive: no petrographic analysis conducted. Hole C12-01 was drilled 400 metres east of hole C11-02 to a depth of 499 metres: results show a pervasive alteration assemblage of sericite/pyrite/quartz/carbonate over approximately 250 meters from 100 meters to 350 meters down hole. This indicates that the hole intersected the pyritic halo in the outer phyllic shell around the margin of a porphyry system. Hole C11-01 was drilled 400 metres east of hole C12-01 to a depth of 255 metres: results show an alteration assemblage consisting of very fine grained ankerite/potassium feldspar with minor kaolinite/sericite and abundant magnetite/hematite, overprinted in part by coarse- grained potassium feldspar. Fine-grained chalcopyrite, associated with magnetite and pyrite, is disseminated throughout the core interval. This alteration assemblage indicates a high temperature environment14 near an intrusive source. TSX.V:ORS
  15. 15. CAPTAIN TARGET – GOLD/COPPER INTERFACE Hole C11-02 intersected monzonite intrusive. Hole C12-01 intersected the pyritic halo or outer phyllic shell around the porphyry. Hole C11-01 intersected potassic- sericite-carbonate altered volcanic rocks and as you can see the gold and copper grades spike. Conclusion: porphyry system strengthens to the east. TSX.V:ORS15
  16. 16. CAPTAIN TARGET – GEOLOGIC  INTERPRETATION16 TSX.V:ORS
  17. 17. CAPTAIN TARGET – Detailed AeroMag17 TSX.V:ORS
  18. 18. CAPTAIN TARGET – CROSS SECTION Multiple mineralizing intrusive plugs are postulated.18 TSX.V:ORS
  19. 19. CAPTAIN PROPERTY – EXPLORATION 2012  The primary goal for 2012 is to confirm economic grades of copper/gold and begin to outline the East target.  Conduct initial test drilling on a second target to establish the existence of copper/gold mineralization.  2012 expenditures budgeted at $650,000 - $1.2 million  10 line kilometers of geophysics  Induced Polarization/Resistivity and magnetics  2,000 to 4,000 metres of core drilling in 10 to 20 holes  Petrographic studies of core material19 TSX.V:ORS
  20. 20. CAPTAIN TARGET – DRILL PLAN 201220 TSX.V:ORS
  21. 21. CAPTAIN PROPERTY ‐ SUMMARY 100% owned, with major mining companies Thomson Creek, Xstrata, Goldfields and Teck working on porphyry projects in the area. Alteration and geochemical signatures consistent with alkalic porphyry systems; Afton, Mt. Milligan, Galore Creek and Ridgeway among others. The East target measures 1,000 by 5,000 meters The “discovery hole” compares favorably to Mt. Milligan:  Mt. Milligan ore grade (532 Mt): 0.38 g/t gold and 0.20% copper  Captain discovery hole 43m: 0.29 g/t gold and 0.09% copper  Including 16m: 0.43 g/t gold and 0.13% copper. Conclusion – Captain is a large, early stage copper/gold discovery. Two other targets remain untested - 30 locations permitted for drilling.21 TSX.V:ORS
  22. 22. CONTACT DETAILSMr. David HottmanPresident & C.E.O TSX Venture ExchangeOrestone Mining Corp. Symbol: “ORS”Suite 750, 625 Howe St. Cusip No.: 686154204Standard Life BuildingVancouver, B.C.Canada, V6C 2T6Phone: 604.629.1929Fax: 604.629.1930Website: www.orestone.ca Email: info@orestone.ca10122 TSX.V:ORS
  23. 23. CAPTAIN PROPERTY – GEOLOGICAL FEATURES Important features of the Captain porphyry system within the Takla Arc - Quesnel Trough of British Columbia  Located adjacent to large NW trending regional faults and shorter linked northeast trending faults which have controlled intrusive emplacement and mineralizing hydrothermal fluids.  Mineralization is associated with the smaller porphyry bodies peripheral to a larger intrusive.  Magnetic highs are associated with a large alteration halo of subvolcanic alkaline intrusive bodies.  Alteration consisting of an outer propylitic zone and a central core of intense sericite-potassic alteration with related copper gold mineralization.23 TSX.V:ORS

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