Mirasol provides exploration update on Rubi copper- gold porphyry JV with First Quantum Minerals in Northern Chile

About this update from Mirasol Resources Ltd

[{"type":"text","content":"\n\nVANCOUVER, Sept. 3, 2014 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) \n\n\n3D modelling of helicopter air magnetics survey with leading-edge technology \nCompleted extensive property-wide soil geochemical program \nDetailed gravity survey being used to model depth of post-mineral gravel cover \nAlteration vectoring studies undertaken \nCompleted systematic mapping and sampling of areas of outcrop \nIntegrated targeting and modelling underway \n\n8 preliminary targets identified both in outcrop and gravel-covered areas \nElectrical geophysical test-lines in progress over key targets \nDrill permitting process initiated\nMirasol is pleased to provide an exploration update on its Rubi porphyry copper - gold JV with First Quantum Minerals (First Quantum) in the El Salvador – Potrerillos copper mining districts of northern Chile.  First Quantum has been conducting an aggressive surface exploration program under the terms of a binding Letter Agreement, spending approximately US$680,000 in the September 2013 to June 2014 period.  With the signing of the Definitive Option and Joint Venture Agreement on August 14, 2014  (see news release August 27, 2014), First Quantum can now begin preparations to scout drill-test priority targets at Rubi. An archeological and environmental management plan, and drill proposal, was submitted to the Chilean authorities in late July 2014.  This may take up to 10 weeks to process. \n\nSome of the exploration completed and results from the Rubi project to date include:\n\n\nProcessing of 2,460 line-km of a detailed helicopter magnetics survey of the project with leading-edge 3D modelling software to highlight structure and potential exploration target areas.\nAn extensive property-wide soil survey using both conventional soil samples in areas of locally derived soils and enzyme partial leach* technique in the gravel-covered areas.  The partial leach technique was applied in the gravel areas, as under some circumstances this approach can detect mineralization through transported overburden.  Soil buffer capacity** (acidity) was also measured as an additional technique to potentially detect buried areas of oxidizing sulphide mineralization.  \nA gravity survey covering much of the property was completed and combined with field observa...

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