-- Orestone Mining (ORS.V) on Tuesday said it wrapped up a Phase I exploration program at the Francisca Gold Project in Argentina.
The company said mapping and sampling at Francisca outlined a "strongly sericite clay altered gold stockwork system" in highly limonitic sericite clay altered feldspar porphyry and hornfels hosted gold stockwork system. At the South Gold zone, mapping indicated a stockwork width from 40-70 meters averaging 50 meters along a 400-500 metre strike length.
It said the South Gold zone consists of highly sericite clay altered porphyry and hornfels host rockscut by a dense stockwork of thin light brown limonite veinlets with thin dark quartz vein centers and thicker dark limonite quartz veins that are both vertical and shallow dipping. At the North Gold zone three, sub parallel en-echelon, highly altered and mineralized zones are present averaging 40-50 meters in width and with individual strike lengths of 100-150 meters.
The southwestern zone consisted of highly altered porphyry and hornfels similar to the South Gold zone, while the two northern zones consist of sericite altered quartz manganese stockworks. It said that additional prospecting was carried out along strike to the north and south of the known gold mineralized stockwork, altered porphyry and hornfels zones.
The company said that a total of 675 rock-chip samples were taken from the mineralized zones.
Shares of the company were last seen down $0.005 to $0.09 on the TSX Venture Exchange.
Price: $0.09, Change: $-0.01, Percent Change: -5.26%