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Mirasol Reports Coeur's Updated Resource Estimate for the Joaquin Project with 39.7 Million Measured + Indicated, plus 31.7 million Inferred Silver Ounces Accessible by Open Pit
VANCOUVER, Aug. 7, 2012 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) is pl...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Aug. 7, 2012 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) is pleased to announce the second National Instrument 43-101 resource\n estimate for the Joaquin Silver-Gold Project, Santa Cruz Province,\n Argentina, as prepared by an independent consultant for Mirasol's joint\n venture partner, Coeur d'Alene Mines (\"Coeur\").  The estimate is an\n in-pit resource for the La Negra and La Morocha deposits, and includes 39.7 million ounces of silver in the measured and indicated categories, and 31.7 million ounces of silver in the inferred category, when both oxide and sulphide mineralization are combined for\n the two adjacent deposits (Table 1, Figure 1 ).\n\n\nTable 1. Resources Joaquin Project Totals\n\n\nMineral Type\nand Category\n\n\nTonnes\n(000)\n\n\nSilver\ng/t\n\n\nSilver oz.\n(000)\n\n\nGold\ng/t\n\n\nGold oz.\n\n\nTotal of Oxides & Sulphides\n\n\nMeasured\n\n\n1,800\n\n\n95.8\n\n\n5,600\n\n\n0.10\n\n\n6,000\n\n\nIndicated\n\n\n11,900\n\n\n89.2\n\n\n34,100\n\n\n0.10\n\n\n36,600\n\n\nMeas. + Indic.\n\n\n13,700\n\n\n90.1\n\n\n39,700\n\n\n0.10\n\n\n42,600\n\n\nInferred\n\n\n8,300\n\n\n118.3\n\n\n31,700\n\n\n0.07\n\n\n19,800\n\n\nMineral resources that are not mineral reserves have not demonstrated\n economic viability\n\n\nThe estimate was prepared according to NI 43-101 standards and in\n accordance with CIM Standards on Mineral Resources and Reserves:\n Definitions and Guidelines (CIM 2005) by independent consulting firm\n NCL Ingenieria y Construcción Ltda. (\"NCL\") of Chile, which was\n selected and contracted by Coeur, and who also performed the original\n NI 43-101 resource estimate (press release May 9, 2011).\n\n\nAlso, a significant amount of infill diamond drill hole data was not\n incorporated into the current estimate due to time constraints,\n particularly from the La Morocha deposit.  Mirasol has received assay\n results from many of the omitted holes, that include the best hole\n (DDJ-277) containing a 35.3 metre core length intercept of 704 grams\n per tonne (g/t) silver and 0.24 g/t gold, which includes 15.3 metres of\n 2,372 g/t silver and 0.90 g/t gold.  The infill holes in the Morocha\n deposit confirm grade and continuity, and Mirasol expects their\n eventual inclusion will further increase the confidence classification\n of the resource, and pe...