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Mirasol Resources Provides Exploration Update for the Inca


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 ....

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Mirasol Resources Receives Unsolicited Expressions of Interest


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 C ....

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