Mirasol Commences Maiden Drill Program at Flagship Sobek Copper Project in Vicuña District, Chile
May 15 2023 - 6:00AM
Mirasol Resources Ltd. (TSX-V:
MRZ) (OTC:
MRZLF) (the “
Company” or
“
Mirasol”) is pleased to report that drilling has
commenced on the Company’s 100%-owned Sobek Copper Project
(“Sobek”) in the Vicuña District, Chile. Sobek was originally
staked based on prospective local structural architecture prior to
the 2021 discovery of the high-grade feeder zone at the Filo del
Sol gold-copper deposit located seven kilometers to the east and
NGEx’s recent discovery of Potro Cliffs located three kilometers to
the east of Sobek North Block.
“We are excited to announce the
start of drilling on the Central Breccia Zone, the first of the
priority targets at Sobek Central in the high-profile Vicuña
Copper-Gold district. The recently completed airborne Mobile MT
survey strengthens our geological model and the geochemical
anomalies and high-grade copper samples collected on surface
reinforce the potential mineralization of these first drill
targets,” Mirasol’s President Tim Heenan stated. “Our 2022/23
program at Sobek was ambitious and thanks to the perseverance of
our exploration team we have successfully advanced Sobek to this
significant milestone of the maiden drill campaign. Drilling of our
first targets will continue until the high Andes winter season sets
in.”
High-Priority Targets Supported by
Coincident Airborne Mobile MT Geophysical Responses
A 500-kilometer helicopter supported Airborne
Mobile MT survey of the entire Sobek Central Block, including the
priority CLP, Central Breccia and the VN zones, was completed with
tightly spaced (100m) lines. The Airborne Mobile MT system has
high-definition depth penetration to greater than 800 meters below
surface and has been proven effective in defining targets in
high-sulfidation epithermal (HSE) and porphyry systems elsewhere in
Chile. The MT survey data is fundamental to the definition of the
diamond drill hole orientations and depth.
The MT survey results reinforce the
high-priority targets identified from geochemical soil sampling and
multi-percent copper values recovered from select rock chip samples
(see news release March 2, 2023).
Results from the maiden drill program at Sobek
Central will be reported as they become available.
High-profile Vicuña
Copper-Gold-Silver District
Sobek was staked in 2016 based on prospective
geology and the local structural architecture hosting a compelling
north-northeast trending mineralized structural corridor crosscut
by a north-northwest trending deep-seated trans-cordilleran
lineament. This is a common structural configuration hosting
several southern Andes metal deposits in both Chile and
Argentina.
Sobek comprises a large block of properties
totaling 11,120 hectares of exploration claims in three strategic
locations, the North, Central and South blocks. The high-profile
Vicuña Copper-Gold-Silver District is developing
in the Sobek area with multiple deposits in close proximity,
including the Filo del Sol mid-Miocene epithermal
porphyry gold-copper deposit seven kilometers east of Sobek; the
Josemaria copper-gold project 20 kilometers to the
east-northeast of Sobek; the Los Helados Porphyry
copper-gold breccia system 20 kilometers to the northeast of Sobek;
and, the giant Eocene El Morro Porphyry
copper-gold deposit 16 kilometers to the west-southwest. The recent
NGEX discovery at Potro Cliffs is just three
kilometers directly east of the southeast corner of Sobek North
Block.
Figure 1: High-Profile Vicuña Copper-Gold-Silver
District Regional Map
About Mirasol Resources Ltd
Mirasol is a well-funded exploration company
with 18 years of operating, permitting and community relations
experience in the mineral rich regions of Chile and Argentina.
Mirasol controls 100% of the high-grade Virginia Silver Deposit in
Argentina and is currently self-funding exploration at two flagship
projects, Sobek and Inca Gold, both located in Chile. Mirasol also
continues to advance a strong pipeline of highly prospective early
and mid-stage projects.
For further information,
contact:
Tim Heenan, PresidentorTroy Shultz, Vice
President Investor Relations
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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