Mirasol reports geophysical results and the start of drilling at the Rubi JV with First Quantum in northern Chile

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[{"type":"text","content":"\n\nVANCOUVER, Nov. 10, 2014 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) \n\n\nIP and MT geophysical surveys completed; anomalies detected in two prospects. \nIntegrated target selection is complete for this phase of drilling. \nDrill permit granted late August; and drill contract signed.  \nDrilling of phase 1 program commenced mid-October, 2014.\nMirasol is pleased to report that First Quantum Minerals (First Quantum) has commenced the Phase I drilling campaign at the Rubi JV porphyry copper – gold project in the El Salvador district in northern Chile.  This program will focus on priority-ranked targets (Figure 1) in the Glenlivet (Lithocap) and Wild Turkey (Eastern Zone) prospects, and could include up to eleven holes of between 500 to 1,000 m depth, totaling up to 5,000 m.  If all planned holes are drilled this program may take up to 3 months to complete.  The drilling will be carried out by Geotec Boyles, a Chilean company with over 30 years experience in the sometimes challenging conditions of the Atacama region.  The program will use a multi-purpose rig which will allow a combination of reverse circulation (RC), and diamond core (DDH) drilling through the diverse post-mineral cover over the target zones.  \n\nPrior to commencing this drill program, First Quantum completed a 37 line-km program of IP electrical and Magneto Telluric1 (MT) geophysics comprising 10 lines over six prospect areas (Figure 1); geophysics has not yet been carried out over the Portezuelo target on the eastern side of the property.  This geophysics program represents the culmination of an extensive 12-month pre-drill exploration program, adding to the JV datasets that include a 2,460 line-km helicopter magnetic survey, extensive property-wide soil and gravity surveys, as well as geological mapping, rock chip sampling and alteration mineral assemblage mapping with a hand-held infrared spectrometer. \n\nIntegrated analysis of these JV datasets by First Quantum has identified a series of targets for testing during the Phase I drill program.  Drilling will focus on target areas where a combination of outcropping alteration, rock chip or soil anomalies and geophysical features outlined a series of covered targets that warrant testing for porphyry copper mineralization.  \n\nAt Glenli...

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