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Mirasol Resources Ltd.
Summary
| Project: | Gorbea | |
|---|---|---|
| Deposit: | Atlas | |
| Location: | Chile | |
| Commodities: | Gold-Silver | |
| Date: | 1/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-1-2019: Mirasol Resources Ltd. announces an Exploration/Drilling Update report for its Atlas deposit at the Gorbea project. JV - drilling results incl. 77.1m @ 0.32g/t Au, 1.7g/t Ag from 388m. VANCOUVER, BC – January 7, 2019 — Mirasol Resources Ltd. (TS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Nano (Internal) | |
| ABSTRACT: | VANCOUVER, BC – January 7, 2019 — Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF) (the “Company” or “Mirasol”) is pleased to provide an exploration update for the Company’s Gorbea property package in Chile, that is subject to a recently announced non-binding Heads of Agreement for an Option to Farm-in with Newcrest International Pty Limited, a wholly owned subsidiary of Newcrest Mining Limited (ASX: NCM; “NCM” – see news release December 10, 2018). Gorbea comprises a claims package totaling 26,684 ha (266.84 sq. km) including the Atlas and Titan Au+Ag+Cu projects, within the highly prospective MioPliocene mineral belt of northern Chile (Figure 1). Atlas is centered on the Dos Hermanas andesite to dacite composition, lava, pyroclastic and dome field that hosts the large-area, argillic to advanced argillic alteration and Au+Ag system which characterizes the prospect. A combination of assays from detailed stream sediment, soil and rock chip sampling outline a precious metal “footprint” for the Atlas system of approximately 14 sq. km. A 53 sq. km conventional PDP electrical geophysical survey over the central part of the Atlas project outlined large resistivity anomalies along the NE oriented Cerro Chaco fault zone and a 4.5 km diameter resistivity feature, interpreted to delimit a large zone of stronger alteration and silicification (Figure 2). The circular resistivity feature contains the more significant bodies of breccia identified to date, that host the better intersections of Au+Ag mineralization encountered in drilling at Atlas. Only a small part of the circular resistivity feature has been drill tested at this time. | |
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