Mirasol Commences Reverse Circulation Drill Program at the 100%-owned Titan Gold Project, Chile

About this update from Mirasol Resources Ltd

[{"type":"text","content":"\n\n\nVANCOUVER, May 30, 2013 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R). Mirasol Resources is pleased to announce the start of an initial drill\n program at its 100%-owned Titan gold project in the Miocene belt of\n northern Chile.  Mirasol has planned a 15 hole, 2500 metre reverse\n circulation (RC) drill program to test a range of outcropping oxide\n gold targets and covered geophysical targets identified by Mirasol's\n exploration at this new gold project.\n\n\nMirasol previously reported a large, low grade, surface oxide gold\n anomaly (news release January 21, 2013) defined by trenching at Titan,\n in addition to a series of covered geophysical anomalies (news release\n March 1, 2013) which are outlined by detailed ground magnetics and a\n 26.6 line-kilometre pole-dipole (PDP) induced polarization (IP)\n electrical geophysical survey.\n\n\nAt surface, the Titan gold mineralization is associated with a large\n zone of intense high-level advanced argillic alteration, indicative of\n a high sulphidation epithermal (HSE) precious metal system. HSE\n deposits have produced a number of world class bulk-mineable gold and\n silver mines in the Miocene-age volcanic belt of northern Chile and\n Argentina (La Coipa, Veladero, Refugio), and represent an attractive\n exploration target. Favorable access and workable altitudes of\n approximately 4300 metres have facilitated Mirasol's ability to rapidly\n advance the Titan project to drill stage.\n\n\nMirasol's trenching program at Titan outlined a 700 by 660 metre\n open-ended zone of anomalous gold (at + 50 parts per billion), with\n length weighted average channel intersections of up to 194 metres at\n 0.41 g/t gold, and including better intervals of 31 metres at 1.36 g/t\n gold and 10 metres at 2.13 g/t gold, and includes individual assays of\n up to 1 metre of 17.0 g/t gold.  These results report to oxidized\n surface material with little to no preservation of sulphide at surface.\n\n\nMirasol's drill campaign has two objectives (see Figure 1). The primary target is near-surface (<150 metres depth), oxide gold\n mineralization. The planned drilling is designed to test for improved\n precious metals grades underlying gold anomalies in trenches, and also\n to test if the large, non-chargeable resistive geophysical anomaly\n blanket may represent oxidized ...

More updates from Mirasol Resources Ltd