Orestone Receives Exploration Permits for Captain Project

Orestone Receives Exploration Permits for Captain Project 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/02/13 -- Orestone
Mining Corp. (TSX VENTURE:ORS) (the "Company") is pleased to announce
that the Company has received approval from the B.C. Ministry of
Energy and Mines for an additional 20 diamond drill holes and 44.9
kilometers of IP geophysics on the Captain Project. With this
approval in place the Company now has all permits to facilitate the
next several phases of exploration; 75 line kilometers of geophysics
and 58 sites approved for drilling which increases coverage over the
nine large magnetic high anomalies recently outlined.  
Recent drilling has shown a direct correlation between magnetic dike
swarms and disseminated porphyry gold mineralization. Recent diamond
drill hole C12-05, intersected long intervals of 0.30-0.65 g/t gold
and 0.06-0.07% copper over 119 meters and 165 meters, including 9
meters of 6.5 g/t gold and 0.27% copper as well as 6 meters of 4.4
g/t gold and 0.51% copper (News Release Jan 14, 2013). When plotted
on the detailed magnetic map, C12-05 and drill hole C11-01 lie on the
southern fringe of a large circular magnetic high known as the
Admiral target. The Admiral target measures 1000m x 1500m and is
similar in size and intensity to the magnetic high associated with
the "MBX" and "66" ore bodies at the Mount Milligan Mine located 30
kilometers to the north. This is the highest priority drill target on
the Captain project and will be drilled during the 2013 summer field
Recent logging of timber in the Admiral target area has created a
network of roads which will allow easy drill rig access. 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. 
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.  
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.
Orestone Mining Corp.
David Hottman
President & CEO
Press spacebar to pause and continue. Press esc to stop.