Orestone Perks on New Permit

Orestone Perks on New Permit

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, July 11, 2019

With the summer mining season heating up, Vancouver-based Orestone Mining Corp. (TSX-Venture:ORS) announced the receipt of its 2019 Notice of Work Mineral Exploration Permit from the BC Ministry of Energy Mines and Petroleum Resources. 

A news release out Thursday claims the five-year exploration permit encompasses 21 diamond drill hole sites and 17 km of Induced Polarization geophysical survey lines on the Admiral Au-Cu porphyry target and the Max Extension area.

The Admiral target is a strong IP chargeability high measuring two kilometres by one kilometre which is thought to be related to a potential monzonite copper gold porphyry system. 

Orestone plans to drill test the Admiral target in the coming weeks north of the known post mineral dyke and to the south of a strong linear north east trending inferred fault. Drilling and other contractors are currently being scheduled in preparation for the program.

Shares hiked 1.5 cents, or 11.5%, to 14.5 cents, on just below 41,000 shares. 

 


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