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Mirasol Confirms Silver Results from the Ely, Margarita, and Naty Veins, Virginia Vein Zone, Argentina

Mirasol Confirms Silver Results from the Ely, Margarita, and Naty Veins, Virginia Vein Zone, Arge...

articleMirasol Resources LtdJune 7, 20104/company/mirasol-resources-ltd/news/mirasol-confirms-silver-results-from-the-ely-margarita-and-naty-veins-virginia-vein-zone-argentina
Mirasol Confirms Silver Results from the Ely, Margarita, and Naty Veins, Virginia Vein Zone, Argentina

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[{"type":"text","content":"\n\n\n\n Jun. 7, 2010 (Canada NewsWire Group) -- Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R). New zones of high grade silver mineralization at the Ely, Margarita and Naty veins which flank the silver-rich Julia vein have been identified at the 100% Mirasol owned Virginia Vein Zone, Santa Cruz province, Argentina (see news releases of March 4 and April 13, 2010). Preliminary results from an extensive ground magnetic and gradient array IP geophysical survey at the Virginia Vein Zone have identified soil covered extensions of outcropping high grade silver veins. Current results increase the total length of well-mineralized veins and potential drill targets at the zone.\nThis press release presents new results from channel sampling of the Ely, Margarita and Naty veins (Figure 1), including saw-cut rock chip sampling comprising 86 channel samples forming 41 composite channel sample lines. The Ely Vein averaged 331 grams per tonne ("g/t") silver over an average width of 1.39 metres from 20 composite channel lines, with best results of 2.3 metres at 1,430 g/t silver and 0.83 metres at 2,097 g/t silver. At the Margarita and Naty veins, sampling of outcrop and subcrop blocks returned an average 555 g/t and 298 g/t silver, from 5 and 16 composite channel lines, respectively.\n\n\n >\n\n\nIn detail, the Ely vein (Figure 2, central panel) comprises a north-northeast trending vein structure that in some sections becomes two parallel veins. Channel samples were collected at 20 locations along strike where outcrop permitted. The length weighted average ("LWA") grade for all channel composites is 1.39 metres at 331 g/t silver (Table 2), taken over a strike length of 1,190 metres of the vein's 2000 metre exposed trend. The wall rock to the vein is generally not visible, such that stated widths reflect minimum true widths.\nSilver grades at Ely are variable, but sampling indicates that highest grades occur in two distinct segments of the vein. The northern segment crops out discontinuously over a strike length of 130 metres where channel composites grade up to 2,097 g/t silver over 0.83 metres width. Supporting high grades are found in rock chip samples to the south of this channel, and in a float block north of it that contains 2,350 g/t silver (Figure 3, left panel).\nMirasol recently completed in-house Gradient Arra...

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