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Mirasol Reports Phase 4 Results and Progress on Phase 5 Drill Program, Joaquin Silver Project, Argentina
Mirasol Reports Phase 4 Results and Progress on Phase 5 Drill Program, Joaquin Silver Project, Ar...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\n Aug. 10, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nVANCOUVER, Aug. 10 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) is pleased to announce the results from Phase 4 diamond drilling and the results of the first four holes of Phase 5 at Mirasol's Joaquin Silver Project. New results expand the La Negra prospect's silver-gold mineralized corridor and enhance other silver-gold targets.\nMirasol's joint venture partner Coeur d'Alene Mines Corporation ("Coeur") commenced Phase 5 drilling in early May, 2010, with 21 holes drilled to date; results of 17 of these holes are pending. In addition, Coeur is undertaking an aggressive surface exploration program which includes an aeromagnetic survey and intensive mapping and geochemical sampling to target the large part of the Joaquin property that remains underexplored. Coeur, the Project operator, holds an option to acquire up to 61% interest in Joaquin through exploration expenditures and by completing a bankable feasibility study, and a further 10% to reach 71% interest if project financing is provided at the request of Mirasol.\nInitial Phase 4 results for holes DDJ-64 to DDJ-67 were previously released (news release of July 22, 2010). The present release reports results for the remainder of Phase 4 holes DDJ-68 to DDJ-89 (Tables 1 and 2). In addition, a number of holes from Phases 3 and 4 that terminated in mineralization, or were expected to intersect more mineralization, were deepened during Phases 4 and 5. Results for these hole extensions have been included where they are available, as well as a single new hole drilled at the La Morena prospect (Table 2).\nAt La Negra, during Phase 4, wide-spaced exploration drilling stepped out towards the north, east and west (Figure 1 and Table 1). Mineralized intercepts are now present over a strike length of 925 metres and, in a series of sub-parallel mineralized corridors, over a width of 700 metres. These corrid...