Mirasol Resources Enters into Definitive Agreements for its Nico and Homenaje Projects in Argentina - Seite 2

Exploration to date has been limited as more than 90% of the project area is covered by thin post-mineral rocks, including Tertiary plateau basalt and gravels. However, small erosional windows show Middle to Upper Jurassic tuffs assigned to La Matilde Formation, which hosts localized hydrothermal breccias, veinlets and stockworks of chalcedonic quartz.

Analysis and interpretation of outcropping alteration, mineralization, structural setting, magnetics and chargeability/resistivity gradient array responses have defined four northwest trending prospective structural trends, with similar geologic characteristics to those of the adjacent COSE and Cap Oeste mineralized areas.

Initial rock chip sampling of mineralized structures, discontinuously outcropping on a northwest trending corridor, identified in an area of 1,500m x 800m that returned anomalous Au, Ag, As, Sb, Mo, Cu and Pb (Figure 2). Anomalous samples are characterized by altered tuff with thin chalcedony veinlets.

Figure 2: Homenaje targets showing combined anomalies and Au and Ag rock chip samples results

• Nico Project
  

The Nico project, located in the central part of the Deseado Massif, is traversed by a major highway and located 45km and 80km north of the Mina Martha and Manantial Espejo mines, operated by Patagonia Gold and Pan American Silver, respectively. Four prospects have been identified at the Nico project, all hosting intermediate sulfidation epithermal veins and breccia systems. While surface samples returned good geochemical results (see news release December 30, 2020), drilling only intercepting isolated mineralization between 50 and 130m below surface. Patagonia will assess the potential for near-surface high-grade oxidized mineralization, which could be mined and processed at their Martha mill.

About Mirasol Resources Ltd

Mirasol is a well-funded exploration company focused in Chile and Argentina. Mirasol has seven partner-funded projects, two with Newcrest Mining Ltd (Chile), and one each with First Quantum Minerals (Chile), Mine Discovery Fund (Chile), Mineria Activa (Chile), Silver Sands Resources (Argentina), and Patagonia Gold (Argentina). Mirasol is currently self-funding exploration at two projects, Inca Gold (Chile) and Sacha Marcelina (Argentina).