Business
Mirasol Consolidates Additional Claims with its Los Amarillos Gold - Silver Project in Chile and Announces Initial Exploration Results
Mirasol Consolidates Additional Claims with its Los Amarillos Gold - Silver Project in Chi...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\nMirasol Consolidates Additional Claims with its Los Amarillos Gold - Silver Project in Chile and Announces Initial Exploration Results\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, June 26, 2019\n\n\n\nVANCOUVER, June 26, 2019 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the \"Company\" or \"Mirasol\") is pleased to announce that it has executed an Option to Purchase agreement (the \"Agreement\") with Empresa Nacional de Minería (\"ENAMI\") of Chile to consolidate and gain control of claims hosting potential extensions to the mapped mineralization on the surface of its Los Amarillos project. The project is located to the northwest of the El Salvador mine and of the Potrerillos smelter on the prospective Paleocene age mineral belt of northern Chile (figure 1).\nMirasol's President and CEO, Norm Pitcher, stated: \"We are pleased to announce this Agreement and introduce a new project in our portfolio. This Agreement is in line with our strategy of consolidation around our property packages to develop large scale targets. The Los Amarillos project to date has returned high grade gold and silver assays in rock chip samples and it warrants a detailed surface exploration program to define drill targets. Given the project location near existing infrastructure, its year-round access and initial results, it represents a compelling project for Mirasol to initially move forward on a self-funded basis.\" \nTerms of the Agreement:\nMirasol holds the right to acquire 100% of 288 ha of claims (the \"ENAMI Claims\") by completing US$300,000 in exploration expenditures over 3 years (including a committed US$50,000 for the first 12 months) and by making total cash payments of US$100,000 over the same period. The first US$10,000 payment has been made on signing. Once the option period is completed, ENAMI will hold a 1.5% NSR royalty on the ENAMI Claims, which will be subject to a right of first refusal held by Mirasol.\nLos Amarillos project Overview:\nThe consolidated Los Amarillos Project occupies 1,660 ha and is 15 km north...