It is such a relief that companies are getting back to business after being idle all these months.
Vancouver-based Orestone Mining Corp. (TSX-Venture:ORS) is celebrating particularly avidly. The company is telling investors a drill program on the company's Resguardo copper-gold porphyry/manto project has started with the first drill hole nearing targeted depth.
Orestone anticipates the program will be completed by month end. Resguardo is located 75 kilometres northeast of Copiapo in Northern Chile. Access to the project is excellent along Highway 31 which serves as the main route to the La Coipa Mine and the northern Maricunga Gold Belt.
The drill program, consisting of a minimum of 1,200 metres of reverse circulation drilling in three holes, will be the first drill test of a strong IP chargeability anomaly that has a strike length of 1,400 metres, a width of 500-800 metres, and lies at a depth of 150-200 metres.
Holes one, two and three will be drilled to a planned depth of 400 metres for a total of 1,200 metres and the company will then evaluate drilling additional holes for a program total of 2,000 metres.
The news propelled Orestone shares higher three cents, or 13% to 26 cents, as the clock approached noon on Thursday, on volume of 188,000 shares.
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