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Mirasol Resources Ltd says Newcrest remains committed to Gorbea project in Chile as it gives notice at Altazor
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Press Release - MINING COM
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Mirasol Resources Ltd says Newcrest remains committed to Gorbea project in Chile as it gives notice at Altazor
proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
MRZ) (OTCPK:
Company” or “
Mirasol”) today provides an exploration update for the Inca Gold Project (“Inca Gold”) in Chile. Inca Gold is a large 16,300 ha property package, with multiple exploration prospects, that has been optioned from Newmont Corporation (“Newmont”) (news release January 30, 2020).
The Sandra prospect (“Sandra”) at Inca Gold was the first zone to be tested and assay results have been received from the maiden 1,417m drill program. A total of eight diamond drill holes were completed on three separate targets to test for mineralization below outcropping quartz veins. The assay results for Au and Ag are generally low grade and over narrow widths, ranging from 0.5 to 1m. The highest values were in hole IG-DD-004 that returned 0.27 g/t Au and 47.8 g/t Ag over 0.5m (see Table 1). Mirasol is completing a review of the geochemical results and alteration indicators to assess if further drilling is warranted at the remaining untested Sandra targets.
MRZ) (OTCPK:
Company” or “
Mirasol”) is pleased to announce that it has signed binding agreements with Patagonia Gold Corp. (“Patagonia”) for its Homenaje and Nico projects in Santa Cruz province, Argentina. Patagonia is an exploration and development company focused in southern Argentina and owns the Cap Oeste mine located adjacent to the Homenaje project and the Martha mill, located 45km south of the Nico project along a major highway.
Mirasol’s President, Tim Heenan, stated: “We are pleased to have completed these two transactions with Patagonia, they are a great partner for both projects given to the proximity of their operations. We look forward to Patagonia advancing and testing both the exploration potential at the Homenaje project and the near surface production potential at Nico.”