Orestone talks Argentina, B.C. exploration

Executive Summary

• Orestone Mining Corp. completed a $600,000 non‑brokered private placement of common shares and issued $180,000 of shares to settle debt, providing a stable capital base for upcoming exploration programs.
• The company signed an option agreement for the Francisca gold‑silver project in Salta, Argentina, and will commence a Phase I surface sampling program (up to 600 rock/trench samples) in Q3 2025.
• An amended Notice of Work permits drilling at 23 additional locations on the Captain gold‑copper porphyry project in British Columbia, with drilling slated for Q1 2026.

Key Details

• Financing:
• $600,000 raised via a non‑brokered private placement of common shares (Q2 2025).
• Additional $180,000 issued as shares to extinguish existing debt.

• New strategic shareholder: Crescat Capital LLC (through Crescat Portfolio Management LLC).

• Francisca Project – Argentina:

• Option agreement signed in Q1 2025 covering the property.

• Phase I exploration planned for Q3 2025: detailed geological mapping and up to 600 rock/trench samples targeting widespread oxide Au‑Ag mineralization before any drilling.

• Captain Project – British Columbia:

• Amended Notice of Work filed for 23 extra drill locations on the T2 target area (south of primary T1 target).

• Drill sites accessible via existing logging roads; drilling anticipated in Q1 2026.

• Corporate Impact:

• Capital raise and debt conversion strengthen balance sheet, enabling continued exploration across the portfolio.
• Introduction of Crescat Capital LLC adds a strategic investor with potential for future financing support.

Notable Quotes

(No direct quotes were provided in the release.)