Orestone Mining Grants Stock Options
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 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
Orestone Mining Corp.
President & CEO
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