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Mirasol Resources Ltd. has reported that drilling has commenced at the Inca Gold project, located in the Region III of Chile.
The company’s 2020 surface exploration program delineated a large intermediate sulfidation epithermal vein field along the Sandra trend, in the southern part of the project, which has the potential to host significant silver, gold, and associated base metal mineralisation. The maiden 1500m drill program is targeting three of the most prospective zones on this trend, testing the targets to depths of between 80 and 200 m vertically below surface exposures. This program is scheduled to be completed in 2Q21, with assay results expected by mid-2021.
The Globe and Mail Published February 12, 2021 Bookmark
Junior mining project generators, like Mirasol Resources Ltd. , have multiple projects typically in joint venture arrangements to help reduce risk. However, generators are often overlooked by risk-seeking speculators. Perhaps Mirasol’s 16,300-hectare Inca Gold project in Chile will help it grab some speculative attention. Mirasol has an option to earn 100 per cent of the project, and it recently received a key environmental approval to allow the start of maiden drilling. Meanwhile, insiders are betting on more exciting times ahead, having spent $421,063 buying shares over the past six months.
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Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section atwww.inkresearch.com
Mirasol Resources Signs LOIs for its Nico and Homenaje Projects in Argentina
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TSX-V: MRZ
Nico project interest to be converted to 1.5% NSR royalty
VANCOUVER, BC, Dec. 30, 2020 /CNW/ - Mirasol Resources Ltd. (TSX-V:
MRZ) (OTCPK:
Company or
Mirasol ) is pleased to announce it has entered into two non-binding letters of intent ( LOIs ) with an arm s length third party regarding potential transactions in respect of its Homenaje and Nico projects in Santa Cruz province, Argentina.
The Nico project was previously explored by Mirasol, while the Homenaje project, which is adjacent to two mining operations, holds targets that have yet to be drilled. Mirasol continues to rationalize its project portfolio in Santa Cruz to allow the Company to focus exploration on other high potential targets.
Company or
Mirasol ) today announced that in recent weeks the Company has received multiple unsolicited expressions of interest from third parties seeking to acquire the Company on an at-market zero-premium basis. The Board of Mirasol has given careful consideration to these expressions of interest and has determined that it is in the best interest of shareholders that the Company remain independent and focused on its current business plan.
Mirasol is a leading South American exploration company focused in Chile and Argentine where the Company has generated an extensive portfolio of early, mid and advanced stage base and precious metals projects. The Company currently has twelve advanced stage projects. During the current South American exploration season, drilling has already been completed on the Virginia Project in Argentina and is planned for a further six projects in early 2021. Five of the seven drill programs are partner-funded and two, the Inca Gold Project in Chile and