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Mirasol Completes Espejo Project Geophysical Program and Confirms Drill Targets
VANCOUVER, June 16 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ; Frankfurt: M8R) is pleased to anno...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\nVANCOUVER, June 16 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ; Frankfurt:\nM8R) is pleased to announce that it has enhanced its 100% owned Espejo project\nand defined multiple drill targets adjacent to the Pan American Silver Corp.'s\nManantial Espejo silver-gold mine, presently under development in Santa Cruz\nProvince, southern Argentina. Mirasol's Espejo property is located on the\nprojected trend which hosts Coeur's bonanza-grade Martha silver mine and the\nPan American project, containing a combined estimated 70 million ounces of\nsilver in resources and past production.\n\n\nThe Espejo project's targets are epithermal silver-gold vein\nmineralization under shallow cover, just seven kilometers along strike from\nthe Manantial Espejo mine project (50 million ounces of silver and 0.66\nmillion ounces of gold in reserves and resources)(x). According to company\nsources, Manantial Espejo planned development will include both surface and\nunderground operations and is expected to commence production in the second\nhalf of 2008.\n\n\nMirasol's in-house geophysical and geological teams recently completed an\nextensive program of high resolution ground magnetics, gradient array\nIP/resistivity geophysics, and geological mapping over a prospective section\nof the Espejo claims where Jurassic volcanic host rocks appear in small\nwindows through gravel cover. (See news release dated January 16, 2007)\n\n\nDetailed interpretation of the resultant magnetic images has allowed\nMirasol's geologists to confirm that key vein-controlling structures from the\nmine corridor continue into the gravel covered target area of the Espejo\nclaims. Integrated interpretation of the geophysical and geological data\nhighlighted nine high priority drill targets in promising structural settings,\nwith IP/Resistivity signatures that may indicate covered epithermal vein\nand/or sulphide mineralization. These targets can be cost effectively tested\nwith fences of shallow reverse circulation drill holes.\n\n\nThe Espejo project is strategically located adjacent to the Manantial\nEspejo mine development and within 35 kilometres of the recently commissioned\nmill at Coeur's Martha silver mine. The Espejo project encompasses 154 square\nkilometres of claims and has excellent logistics, located adjacent to a\nprovincial road that links regional population ...