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Mirasol and OceanaGold Sign Definitive Exploration Option Agreement for the La Curva Gold Project, Santa Cruz, Argentina
Mirasol and OceanaGold Sign Definitive Exploration Option Agreement for the La Curva Gold ...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\nMirasol and OceanaGold Sign Definitive Exploration Option Agreement for the La Curva Gold Project, Santa Cruz, Argentina\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 25, 2017\n\n\n\nVANCOUVER, May 25, 2017 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) (the \"Company\" or \"Mirasol\") is pleased to announce that on May 18 2017, the Company and one of its 100% owned Argentine subsidiaries, signed a definitive exploration and option agreement (the \"Agreement\") with OceanaGold Corporation (\"OGC\") to explore the Company's 100% owned, La Curva gold project, located in Santa Cruz Province, Argentina (the \"Project\").  \n\nOGC is a mid-tier, high-margin international gold producer with operations in New Zealand, the Philippines and has recently commissioned the multimillion ounce Halie gold mine in the United States. The La Curva Agreement grants OGC the option to acquire, in five stages, up to a 75% interest in the Project and requires OGC to make a first year commitment of US$1.25 million in exploration expenditures, complete 3,000 metres of drilling, and make a US$100,000 option payment to Mirasol on signing the Agreement (the \"First Year Commitment\").\n\nLa Curva is a 36,100 ha exploration-stage gold project located at low elevation in an area with favorable infrastructure. Mirasol's exploration at the Project has outlined three gold prospects at Cerro Chato, Loma Arthur and SouthWest, situated along the six km long \"La Castora\" gold trend, which represent compelling drill targets for high grade, low sulphidation epithermal gold and silver mineralization. A series of additional gold and silver prospects in the Curva West area warrant further exploration to define additional drill targets. (Learn more about the La Curva Drill targets).\n\nThe Agreement provides five sequential earn-in stages that, if fully exercised, permit OGC to earn up to 75% of the Project.\n\nInitial Earn-in: Following completion of the First Year Commitment, OGC can elect to proceed with the balance of the Initial Earn-in obli...