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Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) provides an overview of its Las Burras-Incahuasi project in Salta Province, Argentina. The project features two large porphyry copper-gold-molybdenum systems located approximately 100 kilometers northwest of Salta City. Initial drilling revealed anomalous copper-gold and molybdenum over intervals up to 300 metres, with mineralized intercepts assaying from 0.10 to 0.40 percent copper and 0.01 ppm gold. The company plans to conduct an Airborne Magnetotelluric survey over 18 square kilometers to define priority drill targets. Orestone can earn up to 75% interest in the 56.8 square kilometer property.
Orestone Mining Corp. (TSXV: ORS) (OTC Pink: ORESF) has signed an Option Agreement with Cascadero Minerals to earn up to a 75% interest in the 56.8 sq km Las Burras-Incahuasi copper gold molybdenum porphyry property in Salta Province, Argentina. The property hosts two large porphyry systems, with previous drilling intersecting widespread copper/gold mineralization. Drill hole LB-3 intersected 256 metres grading 0.23% copper, 0.060 ppm gold and 0.019% molybdenum, including a higher-grade section.
Orestone plans to conduct an Airborne MagnetoTellurics survey to better define the conductive porphyry system and drill test areas along a 1500-2000 metre x 400-750 metre trend. The company can earn a 51% interest through cash payments of US$100,000 and US$1,900,000 in exploration expenditures over three years, with an option to increase to 75% with additional US$3,000,000 in expenditures over two years.
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