Orestone Initiates Exploration on Francisca Gold Project in Salta Province Argentina
TMX Newsfile·2026-01-23 14:00

Core Viewpoint - Orestone Mining Corp. has initiated the Phase I exploration program on the Francisca Gold Project in Salta Province, Argentina, aiming to define an oxide gold deposit suitable for open-pit mining [1][3]. Exploration Program - The Phase I program includes detailed mapping and sampling of a 200x500 metre grid over the South gold zone, with a total of 600 rock chip, channel, and grab samples planned [2]. - The Phase II program is set to involve 1500 metres of reverse circulation drilling across 10 drill holes, targeting the defined gold-silver mineralized zone with a spacing of 40 to 80 meters [2]. Previous Sampling Results - A confirmation sampling program in 2025 revealed 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 [3][9]. - The South gold zone has a strike length of 500 metres and outcrops over an area of 50 to 100 metres wide, with 11 samples exceeding 6.0 g/t gold [3]. Geological Insights - Geologic mapping has identified an oxide gold stock-work mineralized trend with a northwest strike length of 1100 metres, indicating potential for a larger mineralized intrusive body at depth [5]. - The South zone is underlain by a 400x500 metre circular IP changeability anomaly, suggesting significant mineralization potential [5]. Company Background - Orestone Mining Corp. is a Canadian-based company with a focus on gold, silver, and copper projects in Canada and Argentina, aiming to define a mineable oxide gold deposit at the Francisca Gold Project [10]. - The company can earn up to an 85% interest in the Francisca property through cash payments and exploration expenditures totaling US$4.2 million over seven years [7].