Mirasol Resources Starts 2,600m Drilling Program at its Sascha Marcelina Project in Argentina

VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) -- Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or “Mirasol”) is pleased to report that it has commenced a 2,600m drill program at Sascha Marcelina, a low sulfidation epithermal (“LSE”) Au-Ag project in the Santa Cruz Province of Argentina. The drill program will focus on quality targets at the Estancia, Pellegrini Silica Cap and Igloo prospects, which are characterized by coincident large-scale outcropping alteration, anomalous rock chip geochemistry and Induced Polarization (“IP”) geophysical anomalies. These prospects have not previously been drilled tested.

Mirasol’s President, Tim Heenan, stated: “We are excited to have commenced this drill program at the Sascha Marcelina project. Mirasol’s exploration activities have defined multiple new and quality drill targets which have the potential to deliver a significant discovery. Having been involved in the early discovery years at what is now Newmont’s Cerro Negro mine, I believe the two districts have many geological similarities. For example, both projects have a large, mineralized footprint and veins in close proximity and distal to a topographically elevated silicified hill, which is interpretated to represent the center of the hydrothermal system in each project.”

Mr. Heenan added: “This program is Mirasol’s second self-funded drill program this year. At the Inca Gold Project in Chile, we have now completed a 1,417m drill program and are waiting assay results. We look forward to providing updates on both these projects as results are received and interpreted.”

Exploration at the Sascha Marcelina project (see news release July 18, 2019) has defined a large alteration footprint of more than 20km², hosting an epithermal quartz vein system within multiple mineralized trends (Figure 1). Each of the three prospects targeted by the drill program represents a distinct preservation level within the local volcanic stratigraphy and hydrothermal system. The Pellegrini Silica Cap is interpreted to represent the upper levels of the mineralized system, while the southern part of the Estancia trend (Estancia Sur) represents the deepest level of the epithermal system known to date and exposed at surface. Estancia Sur has, to date, reported the best mineralization at surface, which is hosted in the prospective lower Chon Aike stratigraphical unit characterized by strongly welded and brittle ignimbrites. This lower-level stratigraphic unit is also the target for better mineralized zones further to the north along the Estancia trend (Estancia Central and Estancia Norte), as well as at the higher-level targets at the Igloo trend and Pellegrini silica cap prospects.