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Mirasol Resources Ltd.
Summary
| Project: | Claudia | |
|---|---|---|
| Deposit: | Curahue | |
| Location: | Argentina | |
| Commodities: | Gold-Silver | |
| Date: | 7/26/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-7-2016: Mirasol Resources Ltd. announces an Exploration/Drilling Update report for its Curahue deposit at the Claudia project. JV with Cerro Vanguardia S.A. - drilling results incl. 66.5m @ 0.42g/t Au, 64.74g/t Ag from 32.5m. Vancouver, BC, July 26, 20 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Nano (Internal) | |
| ABSTRACT: | Vancouver, BC, July 26, 2016 – Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF “Mirasol”) is pleased to announce encouraging intersections of Au+Ag mineralization in shallow reverse-circulation (RC) drilling at the 100% owned Claudia project in Santa Cruz Province Argentina. These preliminary results are from the drilling campaign just completed by Joint Venture partner Cerro Vanguardia S.A. (CVSA - 92.5 % owned by AngloGold Ashanti, the controlling shareholder, and 7.5 % by Fomicruz S.E., the Santa Cruz provincial mining company). Since commencing drilling during May 2016, CVSA has completed 39 shallow RC drill holes totaling 3,543 m across the Curahue prospect, primarily focused on the “Io” trend (Figure 1). Assays have been received for 18 of the 26 RC holes that provide a shallow test of the 2 km long “Io” vein zone in the Curahue prospect. Curahue is one of five prospect areas identified within the Claudia project (Figure 2), and is defined by a 15 km long Au+Ag bearing epithermal vein corridor where Mirasol exploration has outlined six large, previously undrilled, vein trends, including: Io, Europa, Sinope, Calisto, Ganymede and Themisto (see news release July 27, 2015 Claudia Project Summary). Gradient array geophysical surveys previously conducted by Mirasol at Curahue have proved to be a very reliable tool for targeting veins concealed by gravel on the “Io” trend. The current RC drilling campaign has tested some of the high-priority “Io” trend targets to depths of between 20 and 120 m below surface and intersected a series of sizable epithermal veins and stockworks. Interpretation of preliminary cross-sections suggest the “Io” vein zone attains estimated maximum true widths ranging up-to approximately 40 m. | |
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