Orestone Mining Corporation: Grants Stock Options
28.06.2013 | Marketwire
VANCOUVER, 06/27/13 - 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.
Contacts:
Orestone Mining Corp.
David Hottman, President & CEO
604-629-1929
info@orestone.ca
www.orestone.ca