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. 


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

Hoping for Rise in the Fall: Noram Ventures Launches Fall Drill Program
Northern Minerals Exults on Gas Project Developments in Oklahoma
COVID Fighter Joins Up with Partner to Produce Antibody Tests
Most Popular
FREE Newsletter
AllPennyStocks.com Favorites

Back to Top