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ORS Orestone Mining Corp

0.025
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Orestone Mining Corp TSXV:ORS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.025 0.025 0.03 0 01:00:00

Orestone Options Gold Property from Kootenay Silver

20/01/2014 1:00pm

Marketwired Canada


Orestone Mining Corp. (TSX VENTURE:ORS) ("the Company") is pleased to announce
that it has signed a five year option agreement ("the Agreement") with Kootenay
Silver Inc. (TSX VENTURE:KTN) to earn a 60-per-cent interest in the 700 hectare
Estrella de Oro gold exploration property located in Sonora State, Mexico
approximately 200 kilometers southeast of the city of Hermosillo.


Mapping and sampling by Kootenay Silver has outlined an intrusive hosted gold
vein stockwork system in numerous dry placer pits over an area measuring 500
meters by 1000 meters. A total of 391 selected grab quartz vein samples were
taken from placer pits with 277 samples grading greater than 500 ppb gold and
160 samples greater than 1000 ppb gold with values up to 260 grams per tonne
gold. Exposed bedrock in pits on the southern portion of the zone indicate a
flay lying sheeted stockwork vein system.


Terms of the Agreement are as follows: (i) issue 200,000 shares upon regulatory
approval; (ii) cash payments in the amount of US$150,000 as follows: US$25,000
on or before the second anniversary; US$50,000 on or before the third
anniversary; and US$75,000 on or before the fourth anniversary; and (iii)
cumulative exploration expenditures of US$2,000,000 as follows: US$50,000 on or
before the second anniversary; US$250,000 on or before the third anniversary;
US$350,000 on or before the fourth anniversary; and US$1,350,000 on or before
the fifth anniversary.


The Company believes there is potential on the Estrella de Oro project to
outline an oxidized, bulk tonnage stockwork gold system in a region of good
infrastructure for project development.


A detailed soil geochemical survey followed by backhoe trenching is planned as a
first phase to test the system.


Further information will be released as available.

Orestone Mining Corp. is a Canadian based company that controls a portfolio of
gold and gold-copper exploration projects in British Columbia, Canada and
Sonora, Mexico. For more information please visit: www.orestone.ca 


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 contained herein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Hottman, President & CEO
604-629-1929
info@orestone.ca
www.orestone.ca

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