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Production / Operations Routine +

Phase One Exploration Complete at Francisca Gold Project Salta Province Argentina

Orestone Advances Argentina Gold Project with Surface Sampling Completion, Drilling Next Critical Step

By The Northwire Desk — AI Analysis Apr 14, 2026 · 09:01 ORS · 0.095 Orestone Mining Corp.
Executive Summary
  • Orestone Mining Corp. completed Phase One exploration at the Francisca Gold Project in Salta Province, Argentina on April 14, 2026.
  • The program involved geological mapping identifying a northwest-striking oxide gold stockwork mineralized trend extending 1,100 metres.
  • A total of 675 rock chip samples were collected and sent for analysis to determine gold and silver content.
  • Two distinct zones identified: South Gold Zone (40–70 metre width) and North Gold Zone (three sub-parallel en-echelon zones).
  • Geophysics indicate a 400x500 metre circular IP chargeability anomaly under the South Gold Zone, suggesting a larger mineralized intrusive body at depth.
  • Samples were analyzed by Alex Stewart International Argentina S.A. for fire assay and ICP multi-element analysis.
  • The company retains an option to earn up to an 85% interest in the property through US$4,200,000 in cash payments and exploration expenditures over seven years.
Material Impact
  • The news confirms management is executing on the Phase I plan announced in January 2026, validating operational progress without changing fundamental valuation drivers yet.
  • Surface sampling completion is a routine milestone preceding the critical Phase II drilling program; no drill results or new grades are disclosed in this release to materially alter risk/reward profile.
  • The identification of an IP anomaly and defined zones supports the geological thesis but requires drilling confirmation to be considered material positive news for valuation.
  • Previous sampling (October 2025) showed high-grade surface anomalies (up to 33 g/t Au), which this program aims to expand upon; however, without assay results in hand, the market impact is limited to execution confidence rather than resource definition.
  • Financing from December 2025 ($2.24 million) provided sufficient capital for this phase, reducing immediate liquidity risk but increasing dilution exposure via outstanding warrants.
ORS · Price
Company Overview
  • Orestone Mining Corp. operates two primary properties: Francisca Gold Project in Salta Province, Argentina, and Captain Property in British Columbia, Canada.
  • The Francisca project is the current focus, featuring an oxide gold stockwork system discovered during a period of historically low gold prices with minimal exploration for 20 years.
  • The goal is to define an open-pit oxide gold deposit using surface sampling followed by drilling to test deeper porphyry targets.
  • The Captain property in British Columbia has amended Notice of Work permits for additional drill locations, though Francisca remains the primary catalyst.
Read the original news release →

More from Orestone Mining Corp.

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.

Drill Results Jun 16, 2026 · 08:31

Orestone completes an AirMT survey at its Captain Project, positioning for upcoming Francisca drilling while holding a $2 million cash reserve.

Drill Results Jun 04, 2026 · 09:01

Orestone expands its Argentine gold-silver footprint to 23 square kilometres, targeting a buried porphyry system following encouraging trench results.

Drill Results May 07, 2026 · 08:01

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

Drill Results Jan 23, 2026 · 16:49

Orestone starts exploration at Francisca project

Drill Results Jan 23, 2026 · 09:01

Orestone Begins Early-Stage Work in Argentina, Backed by Recent Financing but Burning Cash in Pursuit of Early-Stage Gold Targets.

Drill Results