On June 16, 2026, Orestone Mining Corp. (ORS:TSXV; ORESF; OTC; O2R2:FSE) announced the completion of a MobileMT airborne MagnetoTelluric (MT) survey covering the partially defined, T-2 conductivity target at the company's Captain gold porphyry project in North Central British Columbia, Canada. The survey covered a 26 square kilometer area at an estimated cost of CA$112,000. The survey flew 157-line kilometers over 19 east-west lines (seven kilometers each) and spaced at 200-meter intervals, as well as four north-south lines spaced at 2,000 meters. Orestone looks forward to receiving the results within the next 30 days.
Orestone's chairman and CEO, David Hottman, said in the release: "The 100% owned Captain gold-copper project in North Central BC hosts a large gold dominant porphyry system which is permitted and drill ready. The MobileMT survey is a cost effective and efficient exploration tool to better define the T-2 target prior to the next drill program. MT geophysical surveying is a deep seeking, electromagnetic method typically employed for defining deep structures, geothermal systems, and targeting deep mineralized systems such as porphyry deposits. Examples of large buried porphyry deposits associated with strong resistivity lows (conductivity highs) are the Resolution Mine in Arizona, Collahuasi and El Salvador mines in Chile and the Pebble deposit in Alaska. The gold discovery potential at Captain 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 almost completely surrounding the property."
Hottman continued: "The company's portfolio also includes the Francisca gold-silver project in Salta Province Argentina where exploration is defining several gold-silver targets that provide additional scale for the company. Orestone employs advanced geological and geophysical techniques in exploration to cost effectively define targets with high potential that can be systematically drill tested. The company's projects have a relatively low-cost profile to hold and explore and are suitable for exploration year-round."
Orestone is a Canadian company, and its portfolio includes exposure to gold, silver, and copper on properties in Canada and Argentina. The company can earn up to 85% interest in the Francisca property, noting that exploration can be conducted all year and that the area has good infrastructure due to other mining projects.
Gold Up Amid Talks of Peace Deal
Gold surged to a record high earlier in the year, hitting a high of over US$5,000 per ounce in January, and many expect the rally to resume once international conflict cools down. In fact, since news of the U.S.-Iran peace deal, spot gold prices rose 0.81% to US$4,343.20 per ounce.
In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."
Despite the volatility of gold, the metals sector as a whole is only showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.
Streetwise Ownership Overview*
Orestone Mining Corp. (ORS:TSXV;ORESF;OTC;O2R2:FSE)
| Strike Price | Number | Expiry Date |
|---|---|---|
| $0.16 | 28,000,000 | 12/16/26 |
| $0.08 | 13,333,333 | 06/13/27 |
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 08/29/17 | ORS | 5 | ORS | 1 |
| 09/18/12 | ORS | 4 | ORS | 1 |
Junior Explorer Worth Watching, Analyst Says
1In a March 16, 2026, contributed technical analyst opinion for Streetwise Reports, John Newell of John Newell & Associates gave Orestone a 'Speculative Buy' rating, noting that the stock had achieved its previous price target of CA$0.15. Newell has set the second target at CA$0.23 and the third target at CA$0.40.
Regarding the company's projects, Newell discussed the Captain target in British Columbia and the Francisca target in Argentina, saying, "Because these projects are located in opposite hemispheres, exploration programs can often advance in one jurisdiction while seasonal conditions slow activity in the other. This creates the potential for more consistent exploration progress and year-round catalysts, something investors often look for in junior discovery stories."
Newell concluded his opinion with this: "With gold and copper markets strengthening and exploration programs advancing, Orestone is a company worth watching in the junior exploration sector."
Potential Tier-One Asset in Development
Further information regarding additional prospecting and mapping results to the north and south of the known gold-silver zones on the Francisca properties will be released in the near future. In a company presentation on June 4, 2026, Hottman called the entire Francisca project a near-term catalyst that investors should be interested in, noting that work can be completed at the project year-round. He called the project a "multi-million-ounce target" and said, "The biggest reason to be a share owner is that you have a dedicated management team with a successful track record. We have a project that could be a game-changer and a tier-one asset."
Hottman said that assay results should begin coming in approximately 60 days after the 2026 drilling campaign at Francisca begins over the next one or two months.
Ownership & Share Information2
Orestone Mining Corp. has a market cap of CA$7,504,288 million, with 106,993,563 shares outstanding. The company's 52-week range is CA$0.04-CA$0.175.
Institutions own 11% of shares, while Management & Insiders own 13%. Strategic Investors own 11%, and the remaining 65% of shares are held by Retail.
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Important Disclosures:
- Orestone Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Orestone Mining Corp.
- Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
1. Disclosure for the quote from the John Newell article published on March 16, 2026.
- For the quoted article (published on March 16, 2026, Orestone Mining Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
- Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
John Newell Disclaimer
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.
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2. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
