Key facts
| Company | Orestone Mining Corp. (TSXV: ORS) |
|---|---|
| Commodity | Gold |
| Location | Argentina |
| Stage | Early exploration |
About Francisca
Orestone holds an option to earn up to an 85% interest in the Francisca Gold Property under very reasonable terms. Francisca is a robust gold system discovered during a period of historically very low gold prices with no meaningful work conducted for almost 20 years. Based on our compilation of historic exploration data and recent Orestone mapping and sampling work we view the Francisca property as an excellent opportunity to outline a bulk tonnage oxide gold deposit. Orestone’s goal then is to define an oxide gold deposit that can be mined by open pit and would be amenable to low-cost heap leach gold recovery methods.
News releases12 on file
Orestone Advances Exploration at Tom East and Kelly Gold Zones on the Francisca Gold Silver Property in Salta Province Argentina
Follow-up exploration is underway at the Tom East and Kelly gold zones on the 23 square kilometre Francisca Gold-Silver Project in Salta Province, Argentina, ahead of a planned drill program. At Tom East, where hand trenching to 1.3 metres returned 4.45 g/t gold over 21 metres in Trench 6B, a soil sampling program is being run on a 20 by 20 metre grid over a 200 by 200 metre area. Mapping and samp
Drill resultsOrestone Sampling Confirms Oxide Gold Stockwork Zone and Two New Exciting Exploration Targets at Francisca Gold-Silver Property
Phase I sampling and mapping at the Francisca gold-silver project in Salta Province, Argentina defined a quartz-limonite stockwork at the South Gold Zone over a 400 metre strike length and 30 to 75 metres wide, averaging 1.04 g/t gold and 7.80 g/t silver from 332 samples in 13 trenches, excluding five high-grade vein intervals. Two new targets were identified: the Tom East Zone, where Trench 6B re
Drill resultsOrestone Expands Francisca Gold - Silver Project to Twenty-Three Square Kilometres and Acquires Important Geophysical Survey Data
The Francisca Gold-Silver Project in Salta Province, Argentina, now covers 23 square kilometres following acquisition of the 14.40-square-kilometre Francisca II concession for US$104,000 after it was declared available for staking by the Mining Court of the Province of Salta. Orestone also purchased historic 1999 Quantec IP, resistivity and magnetic survey data covering a 1,700 by 500-700 metre ch
Drill resultsOrestone Reports First Gold Assays From Francisca Surface Exploration Program
Initial assays from the Phase I surface program at the Francisca Gold Project in Salta Province, Argentina, returned 23.47 metres of 4.71 g/t gold and 28.54 g/t silver in trench T8, including 6.26 metres of 12.31 g/t gold and 92.40 g/t silver, plus 11.72 metres of 1.95 g/t gold. Trench T7 returned 36.97 metres of 0.78 g/t gold and 11.72 metres of 0.58 g/t gold. Results are being compiled ahead of
Drill resultsPhase One Exploration Complete At Francisca Gold Project Salta Province Argentina
Phase I exploration is complete at the Francisca Gold Project in Salta Province, Argentina, where mapping outlined an oxide gold stockwork trend over a 1,100 metre northwest strike length, with the South zone 40-70 metres wide over 400-500 metres and three North zone bodies averaging 40-50 metres wide over 100-150 metres each. A total of 675 rock chip samples were sent to Alex Stewart Internationa
Drill resultsOrestone Initiates Exploration On Francisca Gold Project In Salta Province Argentina
A Phase I exploration program has begun at the Francisca Gold Project in Salta Province, Argentina, comprising detailed mapping and 600 rock chip, channel and grab samples over a 200x500 metre grid covering the South gold zone, including resampling of 11 existing trenches along its 500 metre strike. Results will guide a planned Phase II program of 1,500 metres of reverse circulation drilling in 10
Drill resultsOrestone Expands Francisca Gold - Silver Project to Nine Square Kilometres in Salta Argentina
Approximately two additional square kilometres of contiguous land have been added to the optioned Francisca gold-silver property in Salta Province, Argentina, about 80 kilometres northwest of Salta, bringing it to nine square kilometres; the amending agreement with the Argentinian vendors required a US$10,300 payment (paid), with the property held under a February 11, 2025 option for up to 85% for
CorporateOrestone Closes $600,000 Non-Brokered Private Placement And Shares-For-Debt Settlement; Crescat Capital Llc Becomes Strategic Shareholder
A non-brokered private placement of 13,333,333 units at $0.045 per unit closed for gross proceeds of $599,999.98, each unit comprising one common share and one warrant exercisable at $0.08 until June 13, 2027, with finders' fees of $7,087.50 paid. Crescat Capital LLC subscribed for 8,728,328 units for $392,774.76. The Company also issued 3,999,998 shares at $0.045 to settle $180,000 owed to office
FinancingOrestone Announces Update Regarding Previously Announced Non-Brokered Private Placement
The non-brokered private placement announced April 24, 2025, of up to 13,333,333 units at $0.045 per unit for gross proceeds of up to $600,000 is now expected to close on or about May 28, 2025, subject to TSX Venture Exchange conditional approval. Net proceeds are allocated approximately 40% to the Francisca property in Salta Province, Argentina, 17% to debts owing to certain non-arm's length part
FinancingOrestone Announces $600,000 Non-Brokered Private Placement and Shares-for-Debt Settlement; Crescat Capital LLC Becomes Strategic Shareholder
A non-brokered private placement of up to 13,333,333 units at $0.045 per unit for gross proceeds of up to $600,000 has been launched, each unit comprising one share and one two-year warrant exercisable at $0.08, with closing expected on or about May 9, 2025. Crescat Capital LLC will subscribe for 8,728,328 units for $392,774.76. Proceeds will fund the Francisca property in Salta Province, Argentin
FinancingOrestone Completes Sampling Program on Francisca Gold Project
A 38-sample check sampling program has been completed at the Francisca gold property in Salta Province, Argentina, about 80 kilometres northwest of Salta, with 20 samples on the South zone and 18 on the North zone and other areas. South zone samples ranged from 0.03 to 33 g/t gold and 2.0 to 160 g/t silver, averaging 5.78 g/t gold and 29.2 g/t silver (cut to 10 g/t gold and 60 g/t silver), with 11
Drill resultsOrestone Acquires Large Oxide Gold Stock-Work System In Salta Province, Argentina
An option agreement has been signed to earn up to an 85% interest in the seven square kilometre Francisca property in Salta Province, Argentina, about 80 km northwest of Salta, for cash payments and exploration expenditures totaling US$4,200,000 over seven years. Mapping has outlined an oxide gold stock-work trend over 1,100 metres of northwest strike with two zones each 400–450 metres long and 50
Acquisition