Mirasol Announces Vania Drill Campaign at Inca Copper-Gold Project in Chile - Seite 2

Figure 1: Location of Inca Gold Project and the Vania Prospects

Airborne Mobile MT Geophysical Survey Initiated at Inca

Mirasol has contracted an Airborne Mobile MT survey projected to cover the entire Vania prospect at the Inca project, including the Vania South and North prospects as well as the recently defined Vania East and SW prospects, with tightly spaced (100m) helicopter flight lines. Mirasol will also be flying a MT survey at 200m spaced lines over the 100% controlled Rubi Project, which is located just 20 km north of Vania. The targets at Vania and Rubi are similar as they are both totally concealed by alluvial/colluvial transported gravel material.

Airborne Mobile MT has high-definition depth penetration to greater than 800m below the surface and has been proven effective in defining targets in high-sulfidation epithermal (HSE) and porphyry systems elsewhere in Chile. This MT survey will aid in refining high-priority targets for the upcoming maiden drill campaign focused on Vania North and South.

Vania South and Vania North Targets

As previously reported, the reprocessing and re-interpretation of the original Newmont ground magnetic (“Mag”) data resulted in the identification of the Vania South anomaly located 3 km south of Vania North (news release September 7, 2022). At the Vania South target a concealed and very strong, discrete magnetic response exists within the southeast corner of the Mag grid, showing smooth magnetic textures surrounding the main anomaly (news release December 8, 2022). Interpretation of the Mag data suggests that this very strong magnetic anomaly may represent a concealed copper porphyry target, with the magnetic source potentially characterizing the potassic-altered core of an intrusive body and the smooth magnetic border representing the envelope of hydrothermal alteration. Coincident with the magnetic responses, strong electrical Pole-Dipole IP geophysical anomalies are seen in the sections at both Vania North and South resulting in high-quality geophysical drill targets.

Figure 2: Vania Prospects Overview - Targets Generated from Reinterpreted and New Ground Mag Data

Figure 3: Vania Prospects Overview – Coincident Geochemical Anomalies Strengthen Drill Targets

New Emerging Vania East and Vania SW Targets

The reprocessing and re-interpretation of the original Mag data resulted in the definition of a new previously unknown prospective target at Vania East. In addition, reinterpretation of geochemical survey data outlined a multi-element geochemical soil anomaly at Vania SW. Mirasol has recently completed a detailed Pole-Dipole IP geophysical survey at Vania East, and a detailed ground magnetic survey at Vania SW. Both Vania SW and East are localized along a strong north-northeast structural trend.