Orestone Mining Grants Stock Options
June 27 2013 - 6:40PM
Marketwired Canada
Orestone Mining Corp. (TSX VENTURE:ORS) has, subject to regulatory approval,
granted directors, officers, employees and consultants of the Company incentive
stock options to purchase an aggregate of 625,000 common shares. The options are
exercisable until June 28, 2018 at an exercise price of $0.10 per share.
Orestone Mining Corp. owns 100% of the Captain gold and copper project near Fort
St. James, B.C. and is well financed to pursue further exploration during 2013.
The Company also holds a 51% interest in the 50 square kilometers Todd Creek
Property within the increasingly important Stewart Mining Camp, B.C. For
additional information including, drill hole plans, cross sections and
geophysical maps, please visit www.orestone.ca
The Captain Project hosts a large gold-copper porphyry system measuring seven by
fourteen kilometers located 41 kilometers north of Fort St. James, British
Columbia and approximately 30 kilometers south of the Mt. Milligan gold-copper
deposit. The Mt. Milligan deposit has proven and probable reserves of 532 Mt
grading 0.20% copper and 0.38 g/t gold (Thompson Creek Metals website) and is
currently under construction by Thompson Creek Metals Company Inc. as a large
open pit mine and processing facility. 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. The Company has all permits
in place to facilitate the next several phases of exploration; 30 line
kilometers of geophysics and 38 sites approved for drilling by the B.C. Ministry
of Energy and Mines.
With working capital of approximately $800,000 the Company is now well funded to
undertake the next phase of drilling, anticipated to begin in the coming weeks.
ON BEHALF OF ORESTONE MINING CORP.
David Hottman, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this News Release. This news
release has been prepared by management and no regulatory authority has approved
or disapproved the information contained herein.
FOR FURTHER INFORMATION PLEASE CONTACT:
Orestone Mining Corp.
David Hottman
President & CEO
604-629-1929
info@orestone.ca
www.orestone.ca
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