Electra Announces Commencement of 2015 Jade Prospecting Program
Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (FSE:44E1) (the “Company” or “Electra”) is pleased to announce the commencement of a 90 day prospecting program on its Nephrite Jade (“Jade”) projects near Dease Lake, British Columbia. The program will focus on new and known areas of Jade mineralization with the goal of identifying jade exploration targets for the 2016 season. The program will initially be focused on Electra’s recently acquired Polar Placer Project but will also include prospecting on regional opportunities and other Electra Stone Jade Claims within the BC Jade Mining Region.
John Costigan, President and CEO commented “We are very excited to execute on the first stage of our Jade strategy and look forward to continuing Electra’s development in the BC Jade industry”
About The Polar Jade Project
The Polar Placer Jade Project is situated approximately 40 km east of the Town of Dease Lake, British Columbia, accessible along the Boulder Creek Mining Trail and approximately 1 km north of the Polar Jade™ Mine, one of Canada’s premier Jade mining operations. The famous gem-grade discovery at the Polar Mine secured Canadian Jade’s fame as a world class gemstone producer.
About Electra Stone
Electra Stone Ltd. is a mining company specializing in the development of and exploration for Nephrite Jade and industrial minerals. The Company is in the process of mining the Apple Bay aluminum silicate quarry located on Vancouver Island near Port Hardy, British Columbia. Electra has also recently entered into Nephrite Jade exploration in British Columbia. Total sales and price of B.C. Nephrite Jade have reportedly increased significantly over the past several years according to private producers. Increased interest in Nephrite Jade in South-East Asian countries, specifically China is the primary reason for the rise in demand.
For further information on Electra Stone Ltd. please visit www.electrastone.com
Or contact: Tyler Lowes 604-681-1568.
On behalf of the Board of Directors,
President and Director.
Forward Looking Statement
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward –looking statements in this news release include completion of a financing and the issuance of securities. Forward information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update, or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties as it relates to Electra Stone Ltd., please refer to the Company’s Annual Financials filed with SEDAR.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.