Products You May Like
• Associate Funded Drill Program Operated by Mirasol
• Two Important Porphyry Targets to be Drill Examined
VANCOUVER, British Columbia, June 08, 2021 (GLOBE NEWSWIRE) — Mirasol Sources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Firm” or “Mirasol”) is happy to announce the graduation of a 2,000m drill program on the Rubi Cu venture (“Rubi”) in Chile. Two vital Cu-Mo-Au porphyry-style targets, Lithocap and Zafiro, will probably be examined. The Rubi drill program is being totally funded by Mine Discovery Fund Pty Ltd. (“MDF”) and is operated by Mirasol, below an possibility settlement introduced on October 15, 2020.
Mirasol’s President, Tim Heenan, said: “The Rubi porphyry targets are technically robust and have the potential to host large-scale copper discoveries. We’re excited to be drilling at Rubi after efficiently finishing the required drill allowing and look ahead to reporting on the outcomes from this program.”
The 7,543 ha Rubi venture is situated throughout the prolific Paleocene age porphyry belt of northern Chile, which is host to a variety of vital, presently producing porphyry Cu deposits. The venture lies at comparatively low elevation (1,900-2,100m), inside 20 km of each the El Salvador Cu-Mo-Au mine and the Potrerillos smelter, with wonderful entry to port services at Chanaral situated some 80 km to the west.
Figure 1: Rubi project location and regional setting
Rubi Drilling Overview
The Lithocap goal at Rubi covers a 3.5 km by 2.0 km space centered on a big, deeply weathered, superior argillic alteration zone that’s surrounded by gravel cowl with thicknesses modelled from a gravity survey ranging between 10 and 50m. A lot of these lithocap alteration zones could be discovered adjoining to or above massive, productive porphyry Cu deposits. Drilling by Mirasol’s earlier companion examined areas peripheral to the outcropping lithocap exposures, the place earlier rock chip sampling returned anomalous values of Mo and regionally Cu (Determine 2). This outcropping lithocap stays undrilled as does its extension to the west below shallow submit mineral gravels.
The present program will drill check hid and shallow lined, excessive and low magnetic responses on the western extensions of the lithocap, with 6 preliminary brief diamond drill holes. The target of those drill holes is to pattern the highest of bedrock on the interface with the gravel cowl. The alteration, mineralization and rock-type info gathered from geological, geochemical, and spectral evaluation will then be used to vector in direction of a possible centre of mineralization for testing with one deeper diamond drill gap (>500m).
Figure 2: Lithocap target summary and planned drilling
The Zafiro goal options an untested 2.8 km by 2.2 km enticing, though refined, round magnetic excessive surrounded by a partial, doughnut-shaped magnetic low below gravel-cover. This magnetic signature could also be indicative of a doubtlessly mineralized porphyry intrusive heart with a peripheral pyritic alteration halo. Mirasol’s stream sediment sampling of gullies situated 1km north to northwest of the Zafiro goal, beforehand returned widespread anomalous Cu (Determine 3) suggesting a main mineralized porphyry supply of Cu within the basement rocks or an “unique” supply of Cu within the gravels. The present drill program contemplates a single diamond drill gap (>400m inside bedrock) to check this porphyry Cu goal, estimated to be lined by as much as 180m of latest Atacama gravels.
Figure 3: Zafiro target summary and planned drilling
About Mirasol Sources Ltd
Mirasol is a well-funded exploration firm centered in Chile and Argentina. Mirasol has seven partner-funded initiatives, two with Newcrest Mining Ltd (Chile), and one with every First Quantum Minerals (Chile), Mine Discovery Fund (Chile), Mineria Activa (Chile), Silver Sands Sources (Argentina), and Patagonia Gold (Argentina). Mirasol is presently self-funding exploration at two initiatives, Inca Gold (Chile) and Sacha Marcelina (Argentina).
For additional info, contact:
Tim Heenan, President
or
Jonathan Rosset, VP Company Improvement
Tel: +1 (604) 602-9989
E mail: contact@mirasolresources.com
Web site: www.mirasolresources.com
Certified Individual Assertion: Mirasol’s disclosure of technical and scientific info on this press launch has been reviewed and accepted by Tim Heenan (MAIG), the President for the Firm, who serves as a Certified Individual below the definition of Nationwide Instrument 43-101.
Ahead Trying Statements: The knowledge on this information launch comprises ahead trying statements which might be topic to a variety of identified and unknown dangers, uncertainties and different components that will trigger precise outcomes to vary materially from these anticipated in our forward-looking statements. Elements that might trigger such variations embody: adjustments in world commodity markets, fairness markets, prices and provide of supplies related to the mining business, change in authorities and adjustments to rules affecting the mining business and to insurance policies linked to pandemics, social and environmental associated issues. Ahead-looking statements on this launch embody statements relating to future exploration packages, operation plans, geological interpretations, mineral tenure points and mineral restoration processes. Though we imagine the expectations mirrored in our forward-looking statements are cheap, outcomes might fluctuate, and we can’t assure future outcomes, ranges of exercise, efficiency or achievements. Mirasol disclaims any obligations to replace or revise any forward-looking statements whether or not because of new info, future occasions or in any other case, besides as could also be required by relevant regulation.
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
