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Mirasol Resources Ltd.
Summary
| Project: | Gorbea | |
|---|---|---|
| Deposit: | Atlas | |
| Location: | Chile | |
| Commodities: | Gold-Silver | |
| Date: | 9/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-9-2017: Mirasol Resources Ltd. announces an Exploration/Drilling Update report for its Atlas deposit at the Gorbea project. JV with Yamana Gold Inc. - drilling results incl. 114m @ 1.07g/t Au, 1.78g/t Ag. VANCOUVER, BC – September 11, 2017 -- Mirasol R | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Nano (Internal) | |
| ABSTRACT: | VANCOUVER, BC – September 11, 2017 -- Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF “Mirasol”, “The Company”) is pleased to report results from the second season of drilling by Yamana Gold at the Atlas Project, Gorbea JV in the Mio-Pliocene Belt of Northern Chile. Current drill results at Gorbea include the best down-hole intersection to date from the Atlas project, comprising 1.07 g/t Au intersected over 114 m, including 2.49 g/t Au over 36 m in oxidized high sulphidation epithermal (HSE) vuggy silica breccia. Drilling to-date at Atlas (Figure 1) has outlined Au mineralization (the “Steam Heated Zone”) in an area of 650 m by 125 m by over a 200 m vertical interval (Figure 2). The Steam Heated Zone may represent a body of Au+Ag mineralization that as defined to date is open to depth and laterally in all directions outside the area of current drilling. As currently known, the top of mineralization is located between approximately 255 to 310 m depth beneath altered cap rocks, which is a characteristic in-common with other recent, HSE gold discoveries elsewhere on this same mineral belt in Chile. Further drilling is required at Atlas to determine the size, continuity and grade of the Steam Heated Zone and to establish if extensions of this mineralization occur closer to surface, where it may be accessible via open pit mining. Stephen Nano CEO of Mirasol stated “We are very encouraged by these results that demonstrate the presence of a large, strongly mineralized and deeply oxidized, HSE gold system at Atlas. Yamana has made significant advances in understanding the controls on gold mineralization at the project and are planning a large drill program this season to test for extensions of the Steam Heated Zone mineralization and to test a number of other compelling targets at Atlas and the other Gorbea JV projects.” | |
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