Burnstone Ventures Acquires Permits for Drilling On Tomichi Copper Project

  

VANCOUVER - Burnstone Ventures Inc. reported that the Company has received their permits to carry out the drill program on the recently acquired Tomichi copper moly project.

The 2011/2012 drill program is planned for approximately 7,500 metres which will consist of a combination of confirmation, infill and step out holes. The goal of the 2011/2012 program is to generate the data necessary to allow for the preparation of a 43-101 compliant mineral resource. Core from 26 holes of the historical programs has been preserved in secure storage. Re-logging and re-analyses are currently underway by Company personnel based in Gunnison, Colorado. All of the historic and new drill core will be analyzed for copper, molybdenum, gold, silver and a suite of associated elements through ICP. None of the historical core has previously been assayed for precious metals. In addition, a comprehensive surface program of geological mapping, geochemistry and geophysics to determine the limits of the mineralizing system and identify new target areas will be carried out as conditions permit.

"We are extremely appreciative of the thorough and timely manner in which our applications were reviewed," said Doug Fulcher, President and CEO.

The Company has an option to earn a 100% interest in the Tomichi copper-molybdenum (Cu-Mo) porphyry Project in Gunnison County, south-central Colorado. The Tomichi Project is located within the Colorado Mineral Belt and was initially worked on in the 1950's by Climax Molybdenum Co. and, more recently, in the 1980's by Molycorp Minerals. No work has been carried out since the 1982 drill program primarily as a result of fractured land ownership.

Mineralization at Tomichi is a typical porphyry deposit characterized by disseminated and fracture controlled molybdenite and chalcopyrite hosted by a mid-Tertiary, potassic altered, intrusive system dominated by a porphyritic quartz monzonite. The mineralized porphyry is exposed at surface on top of Copper Hill and has been confirmed to continue to a depth of at least 550 metres. Diamond drilling intersected copper-molybdenum mineralization over a surface area in excess of 1500 metres by 800 metres and remains open to the north and east.