Orestone Expands Francisca Gold - Silver Project to Nine Square Kilometres in Salta Argentina

Core Viewpoint - Orestone Mining Corp. has expanded its Francisca Gold-Silver Project in Salta, Argentina, by adding approximately two square kilometers of land, enhancing its exploration potential for gold deposits [1][2]. Company Developments - The company can acquire up to an 85% interest in the Francisca property through cash payments and exploration expenditures totaling US$4,200,000 over seven years [1]. - An amending agreement has been made with Argentinian vendors to include the additional land in the Option Agreement for a payment of US$10,300 [1]. Exploration Plans - Orestone plans to conduct detailed mapping and trench re-sampling followed by drilling to test the gold system, aiming to define an oxide gold deposit suitable for open-pit mining [2]. - A two-phase exploration program is designed, with Phase 1 involving detailed mapping and sampling of approximately 580 rock chip samples, and Phase 2 consisting of a 1200-meter reverse circulation drill program with 8 drill holes [10]. Geological Insights - Geologic mapping has identified an oxide gold stock-work mineralized trend with a northwest strike length of 1100 meters, indicating potential for a larger intrusive body at depth [3]. - The newly acquired lands cover the potential extension of the mineralizing system, with historic shallow mine workings indicating mineralization measuring approximately 400 meters by 200 meters [6]. Previous Sampling Results - The South Zone, the most prominent target, has shown high-grade gold values ranging from 0.03 to 33 g/t, with an average of 5.78 g/t gold and 29.2 g/t silver [7][8]. - Sampling was conducted under strict quality control measures, with samples analyzed for gold and multi-element analysis [9].