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Mirasol Announces Termination of Claudia Gold-Silver Project JV
Mirasol Announces Termination of Claudia Gold-Silver Project JV Canada NewsWire ...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\nMirasol Announces Termination of Claudia Gold-Silver Project JV\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, Feb. 17, 2017\n\n\n\nVANCOUVER, Feb. 17, 2017 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF \"Mirasol\") has received notice from Cerro Vanguardia S.A. (CVSA), a majority owned subsidiary of AngloGold Ashanti, of termination of the Exploration and Option (JV) Agreement signed February 29, 2016 for the Claudia Gold-Silver Project, Santa Cruz Province Argentina. The Claudia project adjoins the southern border of CVSA's Cerro Vanguardia mining operation.\n\nMirasol exploration at the Claudia project identified five epithermal gold and silver (Au+Ag) prospects which are separated by areas of no sampling due to post-mineral gravel cover.  The prospects lie between 15 and 35 km to the south of the Cerro Vanguardia mine.  CVSA has completed a combined 7,525 m of reverse-circulation (RC) and diamond core (DDH) drilling at the project during the 11 month JV period, and reported to Mirasol cumulative JV expenditures of US$ 1.89 million to end of January 2017. \n\nThe majority of the CVSA JV drilling has been focused along a 2.2 km section of the Io vein, one of six trends identified to-date in the 15 km long Curahue prospect.  The Io drilling has outlined a 600 m long, open-ended body of Ag+Au mineralization that starts from a few metres below surface and has been tested to depths of 135 m (see news release December 16, 2016).  Drilling intercepts report to thin, high-grade epithermal veins which occur within thicker vein and veinlet zones defining broader composited intervals of lower-grade mineralization, such as:\n\n\nHigh-grade vein: 0.6 m at 11.72 g/t Au and 1,224 g/t Ag (0.6m at 32.13 g/t AuEq60 *). \nVein and veinlet composite: 9.3 m at 1.40 g/t Au and 134.6 g/t Ag (9.3 m at 3.65 g/t g/t AuEq60). \n\nIn a number of areas, CVSA conducted \"scout drilling\" of other multi-kilometre long structures within the Curahue Trend with the best intersection from an RC drill hole on the Europa vein retu...