Business
Mirasol Reports Additional Results for the La Negra Deposit, Joaquin Silver Project, Argentina
VANCOUVER, Aug. 8, 2011 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R)  is...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Aug. 8, 2011 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) is pleased to announce results from infill drilling at the La Negra\n deposit, Joaquin Silver Project in Santa Cruz Province, Argentina. \n Highlights include a near-surface \"manto\" intercept of 31 metres\n grading 301 grams per tonne (\"g/t\") silver and 0.26 g/t gold, that\n includes an intercept of 5.0 metres containing 1,081 g/t silver and\n 1.20 g/t gold in oxide mineralization east of the feeder zone in the\n central part of the deposit.  In the northern part of the deposit, a\n shallow sulphide intercept returned 13.0 metres of 996 g/t silver and\n 1.47 g/t gold including 2.9 metres of 4,168 g/t silver and 1.53 g/t\n gold (Table 1).\n\n\nThe Joaquin Project is a joint venture between Mirasol and Coeur d'Alene\n Mines (\"Coeur\").  Coeur is the operator with a vested 51% interest in\n the project and has recently elected to proceed to increase its equity\n to 61% by funding all expenditures through to the delivery of a\n feasibility study.\n\n\nAdditional diamond drilling was recently completed at the project. \n Results are now available for 9 holes (Figure 1) drilled at the La Negra deposit, all sited within the area of the\n previously defined mineral resource.  Regional exploration drilling\n results will be discussed in a separate press release.  The Joaquin NI\n 43-101 compliant, within-pit resource estimate currently stands at 19.6\n million ounces of silver in the Indicated category and 47.9 million\n ounces of silver in the Inferred category (news release May 9, 2011). \n Coeur has stated that the current holes were drilled \"in support of\n commencement of feasibility work\".\n\n\nTwo of the nine new holes were drilled in the central part of La Negra\n to confirm the presence of the modeled \"manto\" (flat-lying) oxide\n resources, one on either side of the sub-vertical feeder zone.  Both\n encountered multiple intercepts of oxide silver mineralization.  Hole\n DDJ-141, east of the feeder zone, hit four separate intercepts of\n mineralization above a 20 g/t silver equivalent (AgEQ) cutoff (Table\n 1).  The best of these intercepts has a core length of 31 metres\n grading 301 g/t silver and 0.26 g/t gold and includes an intercept of\n 5.0 metres with 1,081 g/t sil...