Burnstone Reports Second Set of Assay Results from the 2012 Drill Program on Tomichi Project

Burnstone Reports Second Set of Assay Results from the 2012 Drill Program on 
Tomichi Project 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/28/13 --  
390 Metres 0.261% Cu, 0.047% Mo, 3.42 g/t Ag, 0.279 g/t Re, (0.54%
Burnstone Ventures Inc. (TSX VENTURE:BVE) ("Burnstone" or the
"Company") is pleased to announce further assay results for the
recently completed diamond drill program on the Tomichi Project,
Gunnison County, south-central Colorado (the "Project"). The drilling
was focused on the higher grade near surface portion of the Tomichi
Copper Deposit. The results from the first three holes were released
on December 6, 2012. A NI 43-101 Resource Estimate released as
summarized in the News Release dated June 26th, 2012, confirmed that
the Tomichi copper-molybdenum (Cu-Mo) porphyry Project's resource
contains 2.5 Billion lbs Cu, 552 Million lbs Mo, 30 Million oz Ag,
320,000 oz Au and 124,362 kg Re. 
The five hole program totaling 1581 metres was completed in October
2012 within the northeastern portion of the deposit. Results for the
5 holes have been received and compiled as shown in the following

                From     To  Interval     Cu     Mo     Ag     Re   %CuEq(i)
DDH #              m      m         m      %      %    g/t    g/t  Cu/Mo/Ag
TM 29 2012      8.15 147.00    138.85  0.219  0.041  3.994  0.223      0.48
TM 30 2012      4.30 395.00    390.70  0.261  0.047  3.417  0.279      0.54
TM 27 2012     20.50 338.00    317.50  0.261  0.049   4.09  0.258      0.56
TM 28 2012      4.60 300.00    295.40  0.288  0.042   1.91  0.222      0.52
TM 28a 2012     4.45 401.00    396.55  0.258  0.027   1.91  0.129      0.42
(i) %CuEq is based on $3/lb Cu, $15/lb Mo, $25/oz Ag.
(ii) No Au analyses were carried out on the 2012 drilling.

Drill hole TM 29 2012 was collared approximately 100 metres to the
northwest of TM 10 2011 (a 1980's hole drilled by Moly Corp.), and
drilled vertically to a depth of 147 metres. The hole was shut down
before its targeted depth of 300 metres due to water problems. This
hole extended the mineralization to the north into an area that is
not included in the 43-101 resource estimate. 
Hole TM 30 2012 was collared at the same vicinity of TM 10 2011 (a
1980's hole drilled by Moly Corp.), and drilled at an azimuth of 270
degrees and a dip of -45 degrees, This hole confirmed the continuity
of the higher grade mineralization between holes TM 09 2011 and TM 10
The NI 43-101 resource estimate was completed by Geosim Services Inc.
and the full Technical report is available on SEDAR. The following
table shows the tonnages and grades for the Project at a range of
Copper Equivalent cutoff grades (COG%). All of the 2012 drilling was
carried out within the area of the 0.50% CuEq resource. 

                Tonnes      Cu      Mo       Au       Ag       Re   CuEq (%)
COG % CuEq       000's      (%)     (%)    (g/t)    (g/t)    (g/t)      (ii)
0.10           698,503   0.171   0.037    0.015     1.38    0.185      0.38
0.20           622,429   0.182   0.040    0.016     1.50    0.200      0.41
0.30           506,513   0.197   0.044    0.018     1.69    0.221      0.45
0.40           334,320   0.216   0.048    0.019     1.93    0.249      0.50
0.50           132,279   0.237   0.058    0.020     2.30    0.294      0.57
(ii) CuEq = %Cu +%Mo x 5 + g/t Au x 0.681 + g/t Ag x 0.012.
Rhenium values have not been used in the cutoff grade or Cu Equivalent

Doug Fulcher, President and CEO of the Company, stated, "We are
pleased to report the continued success of the 2012 drill program on
Tomichi since the NI 43-101 resource was completed in June of last
year. This round of drilling continued to show the continuity of the
higher copper moly grades from surface and confirmed the continuity
of the mineralization between wide gaps in the historic drilling as
well as expanding the mineralization outside the known areas." 
The Company has an option to earn a 100% interest in the Tomichi
copper-molybdenum (Cu-Mo) porphyry Project in Gunnison County,
south-central Colorado. The Tomichi Project is located within the
Colorado Mineral Belt and was initially worked on in the 1950's by
Climax Molybdenum Co. and more recently, in the 1980's by Molycorp
Inc. No work was carried out between the 1982 drill program and the
2012 Burnstone program. 
Mineralization at Tomichi is a typical porphyry deposit characterized
by disseminated and fracture controlled molybdenite and chalcopyrite
hosted by a mid-Tertiary, potassic altered, intrusive system
dominated by a porphyritic quartz monzonite. The mineralized porphyry
is exposed at surface on top of Copper Hill. Diamond drilling
completed by Molycorp Inc. in the 1980s intersected copper-molybdenum
mineralization over a surface area in excess of 1500 metres by 800
metres, to a depth of at least 550 metres and remains open to the
north, east and at depth. 
The samples from the 2012 drill program were shipped from Gunnison to
the ALS Group - Kamloops Mineral Lab, where the samples were prepped.
Prepped pulps were then forwarded on by ALS to their North Vancouver
Laboratory where samples were analyzed for copper, molybdenum, silver
and rhenium along with 44 other elements by a four-acid digestion
Burnstone maintains a quality control program involving the use of
standards, blanks and duplicate samples randomly inserted within the
sample group at a 5% ratio to provide a check on assay lab data
quality. Copper, molybdenum, silver and blank standards were prepared
by CDN Resource Laboratory Ltd., Langley, B.C., Canada, or WCM
Minerals Ltd., Burnaby, B.C., Canada. 
Mr. James Chapman, P.Geo., is the Qualified Person responsible for
the design of the program, and all exploration work on the Tomichi
Project will be done under his supervision. Mr. Chapman has read and
approved the technical content of this news release. 
On Behalf of the Board of Directors: 
Douglas Fulcher, President 
This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. All statements in this
release, other than statements of historical facts, that address
future production, reserve potential, exploration and development
activities and events or developments that the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such sta
tements are not guarantees of
future performance, and actual results or developments may differ
materially from those in the forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see our public filings at www.sedar.com. 
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 release. 
Burnstone Ventures Inc.
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