Orestone Mobilizes Equipment to Captain Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/14/12 -- Orestone
Mining Corp. (TSX VENTURE:ORS) (the "Company") is pleased to report
that manpower and equipment have been mobilized to the Captain
Project in preparation for drilling. The 100% owned Captain project
is located 43 kilometers north of Fort St. James, British Columbia
and approximately 30 kilometers south of the Mt. Milligan copper-gold
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.
In preparation for drilling we will be cutting in approximately one
kilometer of roads, building drill pads and organizing the drill core
cutting and logging facilities near Fort St. James. The project area
features relatively flat terrain, moderate tree cover and an
extensive network of logging and Forest Service roads suitable for
exploration all year.
The project hosts a large copper/gold porphyry system measuring seven
by seven kilometers that remains open to the east and west. Over this
immense area one of the four diamond drill holes completed on the
East Target Area intercepted gold- copper similar in tenor to that of
the Mt. Milligan deposit: drill hole C11-01 intercepted 87 metres
grading 0.23 g/t gold and 0.03 % copper; including 43 metres grading
0.298 g/t gold and 0.09 % copper; as well as 16 metres grading 0.434
g/t gold and 0.133% copper (See Company news release dated February
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.
Orestone is well financed, has recently discovered the above
described large copper/gold porphyry system on the 100% owned Captain
Project and is seeing increased interest in the Stewart Mining Camp
where the Company's 50 square kilometer Todd Creek (51%) asset is
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
Orestone Mining Corp.
President & CEO
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