Orestone Signs All Necessary Contracts to Drill Resguardo Copper-GOLD Porphyry Project Chile
News Release
TSX-V: ORS
2020-08
June 18, 2020
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 SIGNS ALL NECESSARY CONTRACTS TO DRILL RESGUARDO
COPPER-GOLD PORPHYRY PROJECT CHILE
Orestone Mining Corp. (TSXV: ORS) (Frankfurt: WKN: A2DWW7) (the “Company”) is pleased to announce that
it has signed contracts with Perfo - Chile Ltda., Araya Hermanos S.A. and others to prepare for and carry out a reverse
circulation drilling program at the Company’s Resguardo copper-gold porphyry/manto project. The Resguardo Project
is located 75 kilometres NE of the City of Copiapo, Region III Northern Chile . Access is excellent along Highway 31
which is the main route to the La Coipa Mine and the northern Maricunga Gold Belt.
In preparation for drilling Araya Hermanos S.A, an experie nced contractor based in Copiapo will improve the existing
road infrastructure on the property and complete minor drill pad construction. Access to the drill area from provincial
highway No. 31, is provided by the 4.5 km road used historically for exploration and small-scale copper-gold mining.
Upon completion of the drill pads Perfo - Chile Ltda., an experienced and well-respected drill contractor will complete
a minimum of 1200 metr es of reverse circulation drilling in up to five drill holes . Drilling will test a strong IP
chargeability anomaly outlined over a strike length of 1400 metres, a width of 500 -800 metres, at a depth of 150 -200
metres. There is a central core of greater than 20 mv/V over a strike length of 1100 metres and width of 300-600 metres.
The chargeability anomaly, which is a new discovery and has never been drilled, is located immediately west of an
outcropping zone of oxide copper mineralization grading 1 to 7% copper and approximately 0.50 g/t gold that was mined
historically in a series of pits and shallow underground workings. Although historic sampling is believed to have been
competently carried out, it was not certified by a professional geologist, therefore the results are not NI43-101 compliant
and cannot be relied upon.
The Resguardo project hosts copper-gold mineralization in mantos, skarns and breccia bodies in the historic workings
accompanied by surface zones of strong hydrothermal alteration consisting of sericite -silica-clay with copper oxides at
the junction of regional NNE trending low angle extensional faults with NW trending vertical faults over the IP anomaly.
Additional information will be released as it becomes available.
Resguardo in Chile, as well as Orestone’s Captain project in BC, are located in structural corrid ors adjacent to large
copper gold deposits. In Chile Orestone’s Resguardo project is located in a NNE trending structural corridor 80
kilometres to the south of the El Salvador Mine and the past producing Potrerillos Mine, both large copper -gold
porphyries. In Canada, the 100% percent owned Captain project is located 30 km south of the Mt. Milligan Mine, a large
copper-gold porphyry. On both projects copper and gold mineralization in association with extensive hydrothermal
alteration demonstrate the potential for discovery of large copper -gold deposits. For more information please visit:
www.orestone.ca
COVID-19 Response
During these extraordinary times caused by the Covid-19 Pandemic Orestone is committed to advancing exploration on
its two primary assets, in a socially responsible manner, respecting good health and safety guidelines to protect both its
own employees, consultants, and contractors as well as the citizens of the communities in which it is working. Orestone
would like to thank all its stakeholders for their patience and support.
Gary Nordin, P .Geo, a director of the Company , is a qualified person as defined by National Instrument 43 -101, Mr.
Nordin has reviewed and approved the technical information in this press release.
News Release
TSX-V: ORS
2020-08
June 18, 2020
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
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 Ven ture 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.
Forward-Looking Statements
This news release contains certain forward -looking statements, which relate to future events or future performance and reflect management ’s
current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made
by and information currently available to the Company. Readers are cautioned that these forward -looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not
limited to, market condi tions, availability of financing, currency rate fluctuations, actual results of exploration and development activities,
environmental risks, future prices of copper, gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental
or regulatory approvals and permits, and other risks in the mining industry. In addition, there is uncertainty about the spre ad of the COVID -19
virus and the impact it will have on the Company’s operations, global supply chains and economic activity in general. All the forward -looking
statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure fili ngs available on
SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances save as required by applicable law.