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Encouraging Silver-Gold Results from Drilling at Mirasol's Joaquin Project
VANCOUVER, March 2 /CNW/ - Mirasol Resources Ltd. (TSX-V:MRZ, Frankfurt: M8R) is pleased to annou...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\nVANCOUVER, March 2 /CNW/ - Mirasol Resources Ltd. (TSX-V:MRZ, Frankfurt:\nM8R) is pleased to announce encouraging preliminary silver and gold results\nfrom the first phase of drilling of the La Morena La Morocha, and La Negra\ntargets at the Joaquin project, Santa Cruz Province, southern Argentina.\n\n\nJoaquin is 100% owned by Mirasol Resources and is being explored by its\njoint venture partner Coeur d'Alene Mines Corporation. The Joaquin and Nico\n(see press release February 12, 2009) projects are strategically located\n(Figure 1- http://files.newswire.ca/786/NR_090302_figures.pdf) within an 80 km\nradius of Coeur's high grade Martha silver mine where Ceour has recently\ncommissioned a new mill.\n\n\nCoeur has the option to earn up to 71% of Joaquin (see press release\nNovember 20, 2006) by investing US $4 million in exploration over 4 years,\nmaking staged cash payment to Mirasol and by completing a feasibility study\nand funding Mirasol's percentage of development costs.\n\n\nIn late November 2008, fifteen core holes totaling 1,648 metres of\ndrilling where completed at the La Morena, La Morocha and La Negra targets at\nJoaquin (Table1). One hundred assay results are pending at this time.\n\n\nAt the La Morena system (Figures 2 and 3), drilling of six core holes\nencountered near vertical zones of silicified breccias and veins. Better true\nwidth drill intercepts are: 13.7 metres at 1.06 g/t (grams per tonne) and 16.5\nmetres at 1.04 g/t gold. This includes a best result of 1.3 metres at 7.67 g/t\ngold in a higher-grade portion of the breccias. To date, drilling has tested\njust 200 meters of strike length of the La Morena breccia system which extends\nintermittently on trend for 2.5 kilometers on surface.\n\n\nAt La Negra (Figures 4 and 5), drilling of three core holes tested\napproximately 150 metres of strike, and down to 100 meters below the surface\nof this epithermal vein system which has been traced for over 600 metres on\nsurface. At least two veins and related breccias in their hanging wall and\nfootwall have been identified with this initial core drilling. All holes\nreturned very encouraging silver and gold mineralization. Best results include\nestimated true width intercepts of 13.7 metres at 0.43 g/t Au and 125.8 g/t\nAg, including 1.8 metres at 2.87 g/t Au and 505.0 g/t Ag; and 9.7 metres at\n0.74 g/t ...