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The latest announcement is out from Orestone Mining ( (TSE:ORS) ).
Orestone Mining has launched a Phase I exploration program at its Francisca Gold Project in Salta Province, Argentina, targeting the South gold zone with detailed mapping and 600 rock chip, channel and grab samples over a 200-by-500-metre grid and resampling of 11 existing trenches. Results from this work will guide a planned 1,500-metre Phase II reverse circulation drill campaign aimed at defining an oxide gold deposit amenable to open-pit mining and testing a deeper porphyry target, building on prior sampling that confirmed high-grade gold-silver mineralization along an 1,100-metre oxide stockwork trend within a well-serviced mining jurisdiction where Orestone can earn up to an 85% interest in the property over seven years.
The most recent analyst rating on (TSE:ORS) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on Orestone Mining stock, see the TSE:ORS Stock Forecast page.
Spark’s Take on TSE:ORS Stock
According to Spark, TipRanks’ AI Analyst, TSE:ORS is a Neutral.
The score is primarily held back by weak financial performance (pre-revenue, ongoing losses, and negative free cash flow) and limited valuation support (negative P/E and no dividend). Technical indicators are relatively neutral and provide only modest support versus the fundamental cash-burn profile.
To see Spark’s full report on TSE:ORS stock, click here.
More about Orestone Mining
Orestone Mining Corp. is a well-funded, Canadian-based exploration company with an internationally experienced management team and board, active across the full mining project lifecycle. The company’s portfolio provides exposure to gold, silver and copper through projects in Canada and Argentina, with a near-term focus on advancing the Francisca gold project in Salta Province, a region hosting multiple large-scale copper, gold and lithium developments.
Average Trading Volume: 166,275
Technical Sentiment Signal: Buy
Current Market Cap: C$8.52M
Find detailed analytics on ORS stock on TipRanks’ Stock Analysis page.