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

Figure 1: Project overview and prospects targeted by exploration program

IP Geophysical Survey

In preparation for drilling, Mirasol completed a 39 line-km of IP Pole-Dipole ground geophysics survey at the Estancia, Pellegrini, and Igloo prospects. Significant chargeability and resistivity anomalies have been defined, indicating the possible presence of sulphides and silica bodies, which could represent zones of hydrothermal alteration and mineralization at shallow depths. Mirasol has incorporated this geophysical data with the results from the surface exploration completed during the previous field seasons to define priority drill targets.

Results along the Estancia Sur (Figure 2) trend have outlined a 500m by 300m coincident resistivity and chargeability anomaly open at depth.   This anomaly is interpretated to be related to a vein structure that has a consistent dip from surface, which returned high grade Au and Ag results with 17 samples >1.0 g/t Au and 10 samples >5 g/t Ag from 45 rock chip samples in this zone¹.

At the Estancia Central trend, the IP survey delineates multiple high resistivity anomalies with a northwest orientation, which are also consistent in strike and dip with the epithermal vein structures outcropping at surface. These structures are up to 20m wide and have returned encouraging geochemical anomalies with 16 samples >0.5 g/t Au and 5 samples >5 g/t Ag from 74 rock chip samples in this zone².

Finally, at Estancia Norte, northwest-trending high resistivity anomalies are indicating potential for extension of the same vein structures to the north under shallow post-mineralization cover.

Figure 2: Estancia Prospect – Resistivity and chargeability depth slices related to Au geochemistry and drill targets

At the Pellegrini prospect, located to the east of the Estancia trend, a northwest trending high resistivity anomaly and an adjacent chargeability anomaly are coincident with a 3km long fault (Figure 3). This may represent a feeder structure for the higher Au and Ag mineralization identified on surface at this prospect (23 samples >0.1 g/t Au and 20 samples >5 g/t Ag from 342 rock chip samples³). A secondary northwest-oriented high-resistivity structure is coincident with quartz veins with anomalous Au and Ag and related alteration zones, which is parallel to and displaced 1km to the west.