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Mirasol Explores New Libanesa Silver-Gold-Lead Project in Santa Cruz
Mirasol Explores New Libanesa Silver-Gold-Lead Project in Santa Cruz.
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\nVANCOUVER, July 23 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ; Frankfurt:\nM8R) is pleased to announce results from its 100%-owned Libanesa high-grade\nsilver (gold, lead) project. The previously unexplored Libanesa project\nencompasses 50 square kilometres of granted cateos (claims) with an additional\n150 square kilometres under application, in prospective Jurassic-age volcanic\nunits of Santa Cruz Province, southern Argentina.\n\n\nReconnaissance prospecting and rock chip sampling at Libanesa returned\nanomalous silver, lead and gold from a series of parallel sub-meter wide\nbreccias and veins, which crop out intermittently within a 500 metre long\nstructural trend. Assay results from a 170 metre-long, higher-grade section\nwithin the trend returned values ranging from 2.6 g/t to 2802.0 g/t silver.\nFour sub-metre select samples of galena-matrix breccia, which subcrop over a\nforty metre strike length, assayed over 1000 g/t silver, with up to 30% lead\nand up to 2.2 g/t gold. Outcrop of the high grade zone continues to the\nsoutheast where it is covered by younger sediments.\n\n\nA high resolution ground magnetics survey undertaken by Mirasol\nhighlights a five kilometre-long structure which hosts Libanesa\nmineralization. Interpretation of survey results suggests that the structure\nhosting high-grade outcrop continues under recent cover, and joins with a\nsmall outcrop of silver-lead anomalous breccia located 600 metres to the\nsoutheast. Mirasol has initiated a gradient array IP geophysics survey,\ngeological mapping and detailed sampling to better define the potential of the\nmineralized zone.\n\n\nThe Libanesa project represents a new style of base and precious metals\nmineralization being recognized in Santa Cruz Province. The high silver to\ngold ratio and trace element association suggest some similarities to Coeur\nd'Alene's bonanza-grade silver Martha mine located 160 kilometres to the\nsouthwest.\n\n\nMirasol Resources Ltd. has pioneered the use of leading edge technology\nto explore the partially covered extensions of mineralized systems in Santa\nCruz Province. The Libanesa discovery builds on in-house technological and\ngeological expertise acquired at the Espejo and Claudia projects, thought to\nhost the structural extensions of Panamerican Silver's Manantial Espejo\n(50 M oz silver and 0.8 M oz gold) d...