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Mirasol Resources Signs LOIs for its Nico and Homenaje Projects in Argentina News provided by Share this article 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. ....
In 2019, Rugby conducted ground magnetic surveys which identified structural features considered prospective for gold mineralization beneath gravel cover. The initial geochemical program defined 10 zones of anomalous gold-silver geochemistry ranging from 320m to 2,800m in length along these structures. A number of these anomalies have coincident lower pH readings suggesting an acidic environment which can indicate oxidizing sulfides at depth, an association common to other epithermal projects in the region. Mr. Bryce Roxburgh, CEO of Rugby commented, “We are using a similar exploration approach to that successfully employed for drill targeting at the multi-million ounce gold-silver Cerro Moro deposit. The El Zanjon area has been ignored in the past due to the absence of outcrop. The magnetic survey delineated structures prospective for gold silver mineralization within the favourable Chon Aike formation. The awaited results are expected to vector us closer to defining specif ....
Rugby Completes Geochemical Program at El Zanjon Gold-Silver Project, Argentina globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.