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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mirasol Resources Ltd | TSXV:MRZ | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 1.82% | 0.56 | 0.53 | 0.62 | 0.57 | 0.55 | 0.55 | 25,860 | 21:11:02 |
Mirasol’s President Tim Heenan commented: “Together with our partner, we continue to aggressively advance the Virginia expansion drill program. The Phase IV program is anticipated to be completed by the end of the field season in late April. The results will support planning for a partner-funded US$3M exploration program expected to start in late 2022 for the final field season under the option agreement.”
The Phase IV program will comprise 14 holes for 1,500m, adding to the 8,867m already completed under the partnership with Silver Sands. The results to date have demonstrated the potential to identify significant mineralization outside of the previously delineated deposits (see amended NI 43 -101 technical report titled “Amended Technical Report, Virginia Project, Santa Cruz Province, Argentina - Initial Silver Mineral Resource Estimate” prepared by D. Earnest and M. Lechner and filed on SEDAR on February 29, 2016).
Figure 1: Virginia project and planned drill holes
Phase IV drilling will focus on the following key prospective targets:
The results from the Virginia Phase IV drill program will be announced as they are received and interpreted.
About Mirasol Resources Ltd.
Mirasol is a well-funded exploration company focused in Chile and Argentina. Mirasol has seven partner-funded projects, with Newcrest Mining Ltd (Chile), First Quantum Minerals (Chile), Mine Discovery Fund (Chile), Mineria Activa (Chile), Silver Sands Resources (Argentina), Patagonia Gold (Argentina) and Golden Arrow (Argentina). Mirasol is currently self-funding exploration at Sobek (Chile), Inca Gold (Chile) and at a number of early-stage prospects.
For further information, contact:
Tim Heenan, PresidentorJonathan Rosset, VP Corporate Development
Tel: +1 (604) 602-9989Email: contact@mirasolresources.comWebsite: www.mirasolresources.com
Qualified Person Statement: Mirasol’s disclosure of technical and scientific information in this press release has been reviewed and approved by Tim Heenan (MAIG), the President for the Company, who serves as a Qualified Person under the definition of National Instrument 43-101.
Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry and to policies linked to pandemics, social and environmental related matters. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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