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Mirasol reports start of field campaign for the Frontera JV in the Miocene Arc gold-copper program of northern Chile

VANCOUVER , Dec. 1, 2014 /CNW/ -  Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R...

articleMirasol Resources LtdDecember 1, 20143/company/mirasol-resources-ltd/news/mirasol-reports-start-of-field-campaign-for-the-frontera-jv-in-the-miocene-arc-gold-copper-program-of-northern-chile
Mirasol reports start of field campaign for the Frontera JV in the Miocene Arc gold-copper program of northern Chile

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[{"type":"text","content":"\n\nVANCOUVER, Dec. 1, 2014 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) \n\n\nMirasol initiates reconnaissance program on Frontera JV in Mirasol's Miocene Arc generative program in northern Chile, targeting large epithermal gold and porphyry copper deposits. \nThe Frontera JV encompasses 15 early-stage claim blocks covering approximately 22,400 hectares, including claim blocks that are contiguous with Mirasol's 100%-owned Atlas and Titan Projects. \nSatellite image analysis shows large-scale alteration systems and prospective structural settings within some of the claims that are analogous to other prolific Mio-Pliocene age precious metal and copper mineral systems in the belt.\nMirasol Resources is pleased to announce that it has initiated its field reconnaissance program for the Frontera JV that encompasses an underexplored section of the highly prospective Mio-Pliocene age volcanic arc of northern Chile.\n\nA chain of world-class gold and copper deposits occurs along an 850 km length of the Chilean / Argentine Mio-Pliocene volcanic arc (Figure 1).  These deposits stretch from the giant El Teniente copper mine in the Southern Porphyry Belt through to the La Coipa and Esperanza silver–gold mines at the northern end of the Maricunga Belt.  In Chile, the Miocene volcanic arc extends a further 950 km northwards from the Maricunga gold-copper belt before encountering the next notable deposit of Miocene-age mineralization, at the Choquelimpie gold mine.  This northern segment is underexplored but hosts numerous large scale alteration systems; however, until recently exploration had not identified large Mio-Pliocene age metal deposits in this area.\n\nThe Frontera JV lies within the northern segment and encompasses a portfolio of 15 claim blocks totalling approximately 22,400 hectares, situated between 50 and 170 km north of the Maricunga gold and copper Belt.  This section of Mio-Pliocene volcanic arc has become the focus of recent exploration activity following Mirasol's announcements in early 2013 of widespread, outcropping, gold and silver mineralization at the Titan and Atlas projects, and the late 2013 announcement by Gold Fields Ltd. of their Salares Norte project (3.1 million ounce gold resource, grading 4.2 grams per tonne (g/t) Au).  \n\nThe Frontera claim blocks fall int...

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