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Mirasol Signs a Binding Letter Agreement with Newcrest Mining for a Joint Venture on the Zeus Gold Project in Chile
Mirasol Signs a Binding Letter Agreement with Newcrest Mining for a Joint Venture on the Z...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\nMirasol Signs a Binding Letter Agreement with Newcrest Mining for a Joint Venture on the Zeus Gold Project in Chile\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-BOTTOM:1pt; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prngen2{\nBORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prntblns{\nBORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 26, 2018\n\n\n\nVANCOUVER, Feb. 26, 2018 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF) (the \"Company\" or \"Mirasol\") is pleased to announce that it has signed a binding letter agreement (the \"Agreement\") for the Company's 18,480 ha Zeus High-Sulfidation Epithermal (HSE) gold project in Chile, with Newcrest International Pty Limited, a wholly owned subsidiary of Newcrest Mining Limited (ASX: NCM).  NCM has the right to acquire, in multiple stages, up to 80% of the Zeus Project by completing a series of exploration and development milestones and making staged option payments to Mirasol of US$1 million.  NCM will spend a minimum of US$1.5 million at Zeus over an initial 18-month period, and has also agreed to fund costs arising from an option to purchase agreement (see new release January 16th 2018) entered into by Mirasol with the underlying owner of a 2,500 ha portion of 3rd party claims at Zeus.\n\nNCM is one of the world's largest gold mining companies, operating five mines in Australia, the Asia - Pacific and Africa regions.  NCM has extensive experience developing and operating successful mines in culturally and geographically diverse environments. NCM seeks to identify and secure large mineral districts, or provinces, in order to establish long term mining operations.\n\nStephen Nano, CEO of Mirasol, stated that \"we are very pleased to be partnering with Newcrest to explore and advance Zeus.  This i...