Business
Mirasol Reports Sascha Drill Results and Expands Libanesa Project
Mirasol Reports Sascha Drill Results and Expands Libanesa Project.
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\nVANCOUVER, Sept. 5 /CNW/ - Mirasol Resources Ltd. (TSXV:MRZ, Frankfurt:\nM8R) wishes to announce results from first pass diamond drilling completed by\nCoeur d'Alene Mines (Coeur) at the Sascha Project in Santa Cruz Province,\nsouthern Argentina. Coeur is earning an interest in a joint venture with\nMirasol on the Sascha property in return for certain work and payment\ncommitments.\n\n\nInitial drilling focused on the principal Sascha vein system, a\n4.5 kilometre long, northwest-trending gold-silver mineralized quartz vein\nsystem. The Sascha Main sector contains intermittently outcropping quartz\nveins, with minor electrum, silver sulphosalt minerals and rare visible gold.\nPrevious channel chip sampling confirmed gold and silver anomalies in outcrop\nat Sascha Main and Sascha Sur sectors. (See news releases dated February 21,\n2006 and March 27, 2007.)\n\n\nThe Sascha diamond drill program totaled 2,764 metres in 19 shallow\nholes, designed to test targets at the Sascha Main and Sascha Sur prospects.\nTo date, no drilling has been conducted in the Sascha Central prospect, where\ngeophysical and gold-in-soil targets have been identified.\n\n\nAnomalous gold and silver assays were returned from eight of the first\nphase of 19 holes (Table 1). All gold and silver assays correspond to\nmineralized quartz vein material, vein breccias and veinlets intersected at\ndepths between 30 and 144 metres below surface. These holes test a 250\nmetre-long section of the principal vein, "Vein 7", before it trends under\npost-mineral cover to the northwest. To view the Drilling Program map, refer\nto Sascha Project page of Mirasol's website:\nhttp://www.mirasolresources.com/s/Sascha.asp.\n\n\nThe best intersections were returned from holes DDS-01, 02, 12 and 13 on\nthe northwest end of the Sascha Main sector.\n\n\nDDS 01 - 1.47 metres of 1.47 g/t gold and less than 2 g/t silver\nDDS 02 - 1.55 metres of 8.92 g/t gold and 27.7 g/t silver,\nDDS 12 - 0.59 metres of 1.33 g/t gold and 46.0 g/t silver,\nDDS 13 - 0.21 metres of 10.74 g/t gold and 10.0 g/t silver and\n 0.17 metres of 1.54 g/t gold and 320.0 g/t silver.\n\n\nMineralized veins have been intersected in two units: a brittle crystal\ntuff, exposed at surface in the northwest sector of Sascha Main, and an\nunderlying pumice-rich rhyolite, exposed at surface in the central an...