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Drill Results Routine +

Orestone Reports First Gold Assays from Francisca Surface Exploration Program

Surface Assays Validate Oxide Gold Model at Francisca, Drilling Phase Now Critical for Valuation

By The Northwire Desk — AI Analysis May 07, 2026 · 08:01 ORS · 0.12 Orestone Mining Corp.
Executive Summary
  • Orestone Mining Corp. released initial assay results from its Phase I surface exploration program at the Francisca Gold Project in Salta Province, Argentina.
  • The program involved resampling existing trenches to verify historical data, revealing significant gold and silver mineralization.
  • Key intercepts include Trench T8 with 23.47 metres @ 4.71 g/t Au (including 6.26m @ 12.31 g/t Au) and associated high-grade silver.
  • Geological mapping identified a northwest strike length of 1,100 metres of oxide gold stock-work mineralization.
  • The South Gold Zone shows a stockwork width of 40-70 metres underlain by a 400x500 metre circular IP chargeability anomaly suggesting potential for a larger intrusive body at depth.
  • CEO David Hottman stated results are encouraging and preparation is underway for Phase I drilling to test the large gold target.
Material Impact
  • The news confirms the geological model established during previous mapping phases (Jan-April 2026).
  • Grades of ~4.71 g/t Au in oxide zones are consistent with historical surface sampling data reported earlier in 2025, validating the project's potential rather than introducing a surprise discovery.
  • The announcement moves the project from "surface exploration" to "drilling ready," which is a necessary milestone but does not yet define a resource estimate or economic viability.
  • Given that Phase I completion was announced on April 14, 2026, assay results in early May are expected and incremental rather than unexpected market-moving information.
  • The news supports the narrative for continued exploration funding but lacks the magnitude to justify a significant re-rating without drilling confirmation of depth and continuity.
ORS · Price
Company Overview
  • Orestone Mining Corp. is an exploration company focused on gold-silver projects in Argentina (Francisca) and British Columbia (Captain).
  • Flagship Project: Francisca Gold Project, Salta Province, Argentina.
  • Property Terms: Earn-in option to acquire up to 85% interest through $4.2 million cash payments and exploration expenditures over seven years.
  • Geology: Oxide gold stock-work system with high-grade silver potential; surface exposure suggests open-pit mining viability.
  • Location: Approximately 80km northwest of Salta city at elevations between 3,300 and 3,650 metres.
Read the original news release →

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Jun 26, 2026 · 08:31

Orestone extends its Argentina oxide gold trend by 1.5km and identifies buried porphyry geophysics to de-risk the project.

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