Orestone Drilling Underway at the Captain GOLD Porphyry Property
News Release
TSX-V: ORS
2019-13
August 29, 2019
For further information contact: David Hottman at 604-629-1929 ⧫ [email protected]
407 – 325 Howe Street, Vancouver, BC V6C 1Z7, Canada ⧫ Phone: 604-629-1929 ⧫ Fax: 604-629-1930 ⧫ www.orestone.ca
ORESTONE DRILLING UNDERWAY AT THE CAPTAIN GOLD PORPHYRY PROPERTY
Orestone Mining Corp. (TSX Venture Exchange–Symbol: ORS) (the “Company”) announces that drilling has begun
on the 100% owned Captain gold-copper porphyry property in northern British Columbia.
The program will focus on the Admiral target, a large 2 km X 1 km intense IP anomaly measuring up to 25 mV/V which
is modeled as the potential source of a 3 metre block of potassic-sericite altered intrusive intersected in previous drilling
which assayed 1.9 g/t gold and 0.226 % copper. The Admiral gold porphyry target is bounded to the north by a prominent
northeast trending fault which is interpreted to be a possible control to emplacement of the mineralization.
The drill program is budgeted at $400,000 and is planned to consist of 1,250 metres in five diamond drill hole s to an
approximate depth of 250 metres. The first 80 to 100 metres of overburden will be drilled with HW casing set into
bedrock, drilling forward will be HQ. Subject to the rock type and alteration encountered , the drill rig will have all
necessary supplies available for drilling to a depth of 700 metres.
The Captain property is located in flat terrain, 65 kilometers northeast of Ft. St. James and has excellent logistics. Access
is by a provincial highway, Forestry Service roads and a network of logging roads on the property which has been
extensively logged.
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Mr. Gary Nordin P.Geo, BC has reviewed the technical information contained in this news release and has visited the
project.
Additionally, the Company has, subject to regulatory approval, granted directors, officers, employees and consultants of
the Company incentive stock options to purchase an aggregate of 300,000 common shares. The options are exercisable
until August 28, 2024 at an exercise price of $0.20 per share.
Orestone Mining Corp. (TSX.V: ORS) is a Canadian based company that controls a portfolio of gold and copper-gold
exploration projects in Chile and British Columbia, Canada. The Captain project hosts the Admiral target, a large drill
ready gold/copper porphyry system located 30 kilometres south of the Mt Milligan Mine in British Columbia. For more
information please visit: www.orestone.ca
ON BEHALF OF ORESTONE MINING CORP.
David Hottman
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.