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Mirasol Resources Reports on Encouraging Gold and Base Metal Mineralization from Maiden Drill Program at the Libanesa Project in Argentina
26m at 0.98 g/t AuEq, including 10m at 1.43 g/t AuEq with 2.16% Pb and 1.35% Zn New drill targets identified Partnership opportunity VANCOUVER, British Columbia
About this update from Mirasol Resources Ltd
[{"type":"text","content":" 26m at 0.98 g/t AuEq, including 10m at 1.43 g/t AuEq with 2.16% Pb and 1.35% Zn New drill targets identified Partnership opportunity VANCOUVER, British Columbia, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or “Mirasol”) is pleased to report on encouraging drill results from the maiden drill program at the 100% owned Libanesa Gold and Base Metals Project (“Libanesa”) in the province of Santa Cruz, Argentina. Based on an evaluation of the Libanesa data it is evident that several prospective targets require follow-up drilling. “Results from the maiden 1,780-meter drill program confirm that we have only scratched the surface of an exciting exploration program at the Libanesa Project. The very broad intersections of high-grade base metals suggest we are on the periphery of a stronger gold-silver zone at the Cerro Plomo target and the zinc and lead values reported could significantly contribute to the future economics of the project,” Mirasol’s President Tim Heenan stated. “The drill program was cut short due to weather conditions and there are clearly more quality targets left to drill test.” Libanesa is a 14,500-ha gold-silver (lead-zinc) project discovered by Mirasol. It is located at the north-eastern margin of the Deseado Massif gold-silver metallogenic province, approximately 70 km west of the port of Puerto Deseado, 40 km northwest of the Cerro Moro Gold-Silver Mine operated by Yamana Gold and 100 km northeast of the Don Nicolas Gold-Silver mine operated by Cerrado Gold. Figure 1: Libanesa, Santa Cruz, Argentina Regional Map The project hosts two main prospective areas, Libanesa Main and the Lagunita Vein Field. Libanesa Main hosts the Cerro Plomo, Oculto, Traves del Sur, Bajo Áspero, Playa Vetas, Brecha Plata and the NE Zone prospects. Libanesa Main, and in particular Cerro Plomo, are more intermediate sulphidation in character while Lagunita is a classic gold-rich, low sulphidation epithermal vein prospect. Figure 2: Libanesa Project Overview Highlighting Results from Libanesa Main and the Lagunita Vein Field Libanesa Main - Cerro Plomo Prospect Cerro Plomo has been the main focus of exploration to date. Results from recent drilling are considered encouraging with highly anomalous gold-silver and multi-percent lead-zinc values reporting from what appears to be the miner...