Business

Mirasol Reports Encouraging Trench Results from the Atlas Gold-Silver Project, Chile

VANCOUVER , Sept. 16, 2013 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R)....

articleMirasol Resources LtdSeptember 16, 20135/company/mirasol-resources-ltd/news/mirasol-reports-encouraging-trench-results-from-the-atlas-gold-silver-project-chile
Mirasol Reports Encouraging Trench Results from the Atlas Gold-Silver Project, Chile

About this update from Mirasol Resources Ltd

[{"type":"text","content":"\n\n\nVANCOUVER, Sept. 16, 2013 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R). Mirasol Resources is pleased to announce assay results from the first\n phase of trenching at the 100%-owned 6300 hectare Atlas gold-silver\n property, located adjacent to Mirasol's Titan gold project, in the\n Miocene-aged volcanic belt of northern Chile.\n\n\nMineralization at Atlas is related to a large gold-silver bearing,\n high-sulphidation epithermal alteration system that has only been\n partially explored by Mirasol. This type of system hosts large,\n profitable mines in the Miocene-aged mineral belt of Chile, including\n Kinross's La Coipa high sulphidation silver-gold mine (located 150 km\n south of Atlas and Titan).\n\n\nTwo separate areas of at surface precious metal mineralization have been\n identified to date within the Atlas project (Figure 1): the Atlas Gold Zone (AGZ) and the Atlas Silver Zone (ASZ) where AGZ\n is located 2 km north of ASZ.  Five trenches were completed at these\n prospects prior to the onset of the southern hemisphere winter, as a\n partial test of previously reported (see news release of June 10, 2013)\n rock chip gold and silver anomalies.\n\n\nThe highest gold trench results were received from the AGZ prospect\n where they correlate to a series of oxide vuggy-silica structures\n exposed over a 50 m interval in trench AKI-1(Figure 2).  Length weight-averaged channel results (Table 1) at a 0.25 grams/tonne (g/t) Au eq cut-off, from this trench include:\n\n\n1.6 m of 7.28 g/t Au and 5.77 g/t Ag;\n6.7 m of 2.33 g/t Au and 1.09 g/t Ag;\n4.6 m of 1.18 g/t Au and 0.46 g/t Ag, and;\n5.2 m of 1.46 g/t Au and 12.37 g/t Ag.\n\n\nThe highest trench results received for the ASZ prospect correlate to\n oxide, opaline silica-alunite breccia bodies in trench AKI-6.  Length\n weight averaged channel results at a 0.1 g/t Au eq cut- off returned an\n anomalous silver interval of 55.9 m of 0.05 g/t Au and 39.9 g/t Ag.\n Highest channel sample results at a 0.25 g/t Au eq cut from ASZ\n trenches include:\n\n\n20.2 m of 0.049 g/t Au and 35.9 g/t Ag; and\n26.7 m of 0.016 g/t Au and 54.76 g/t Ag,\nIncluding 11.2 m of 0.013 g/t Au and 92.43 g/t Ag.\n\n\nAt ASZ, trench AKI-4 tested for the source of high-grade Ag-bearing\n breccia float which has assayed up to 0.79 g/t Au and 639 g/t Ag.  This\n trench di...

More updates from Mirasol Resources Ltd