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Mirasol Consolidates Large Underexplored Gold - Silver District in Santa Cruz, Argentina
Mirasol Consolidates Large Underexplored Gold - Silver District in Santa Cruz, Argentina ...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\nMirasol Consolidates Large Underexplored Gold - Silver District in Santa Cruz, Argentina\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Jan. 25, 2019\n\n\n\nVANCOUVER, Jan. 25, 2019 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the  \"Company\" or \"Mirasol\" ) is pleased to announce that the Company has signed an option to purchase (OTP) agreement  (the \"Agreement\") completing consolidation of the large prospective Sascha – Marcelina Low Sulfidation Epithermal (LSE) Au-Ag district in Santa Cruz province, Argentina.\nUnder the terms of the Agreement, Mirasol can acquire 100% of the Marcelina claims from a privately-owned mining company, by making staged option payments totalling US$3.4 million over 4 years, with US$3.15 million due on the 4th anniversary. If the OTP is exercised, the Marcelina claims will be subject to a 1.5% NSR royalty. There is a minimum US$300,000 exploration spending commitment by Mirasol during the first three years of the option period. \nStephen Nano, President and CEO of Mirasol, stated: \"Consolidation of the very prospective Sascha and Marcelina projects into a large-scale district play has been a long-term objective of Mirasol.  This agreement will allow the multiple underexplored prospects to be systematically explored utilizing the Company's knowledge of large-zoned epithermal Au+Ag districts, gained through more than 15 years of successful exploration in Santa Cruz province.\"\nHighlights of the Sascha District\nThe consolidated Marcelina district has a \"footprint\" in excess of 65 sq-km, as defined by anomalous Au+Ag rock chip samples and satellite-based...