Mirasol Commences Vania Drill Campaign at Inca Copper-Gold Project in Chile

• Inca Gold is located within a “World-Class” Inca del Oro Mining District
• Priority drill targets strengthened by 378-kilometer Airborne Mobile MT geophysical survey
• Maiden drill hole collared at Vania South Prospect
  

VANCOUVER, British Columbia, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Mirasol Resources Ltd. (TSX-V: MRZ) (OTC: MRZLF) (the “Company” or “Mirasol”) is pleased to report that the maiden drill program has been launched at the Vania South prospect on the Inca Copper-Gold Project (“Inca Gold”) in Chile. The Vania South zone is controlled along a major north-northeast regional structural corridor which hosts the Inca del Oro porphyry to the south and the expansive El Salvador mining district to the north. Vania South is located at an important intersection of two important faults, which appear to control the emplacement of this magnetic anomaly.

“Vania South is a compelling drill target that has the characteristics of a concealed porphyry intrusive body hosted along a major structural corridor within a well-endowed world-class copper district. Supported by the recently completed Airborne Mobile MT survey, IP Ground geophysics, geochemical soil survey and select high-grade rock chip samples, the Vania South prospect was elevated as the top priority target for drilling,” Mirasol’s President, Tim Heenan, commented. “In addition, exciting new targets have been defined, specifically Vania East with a strong magnetic signature that is a mirror image of Vania South and is located along the same structural trend.”

Inca Gold is a large 16,300-hectare property package located at a relatively low altitude of 2,300m (ASL) in the Paleocene belt of Chile with year-round access and nearby infrastructure. Pursuant to an Agreement between Mirasol and affiliates of Newmont Corporation (“Newmont”), Mirasol has the option to earn-in 100% of Inca Gold, subject to a 1.5% NSR royalty (news release January 13, 2020).

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

Airborne Mobile MT Geophysical Survey Outlines High-Priority Targets

Mirasol completed a 378-line km Airborne Mobile MT survey (53 sq.km) covering the entire Vania prospect at Inca Gold, 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 over the principal targets.