Business
Mirasol Signs Definitive Agreement for the Sale of the Virginia Silver Project and Landholdings in Argentina for US$8 Million Plus 2% NSR Royalty
Ampere Metals to acquire up to 100% of the Virginia Project for a total cash consideration of US$...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"Mirasol Signs Definitive Agreement for the Sale of the Virginia Silver Project and Landholdings in Argentina for US$8 Million Plus 2% NSR Royalty\n\n\n\n\n\n\n Ampere Metals to acquire up to 100% of the Virginia Project for a total cash consideration of US$ 8.0 million over 7 years of scheduled payments\n \n\n\n\n\n\n Mirasol will retain a 2% NSR Royalty with the unilateral right to sell to Ampere Metals for a minimum of US$ 2.0 million\n \n\n\n\n\n VANCOUVER, British Columbia, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Mirasol Resources Ltd. (TSX-V:\n \n MRZ\n \n ) (OTC:\n \n MRZLF\n \n ) (the “\n \n Company\n \n ” or “\n \n Mirasol\n \n ”) is pleased to report the signing of a definitive agreement (“\n \n Definitive Agreement\n \n ”) with Ampere Metals Pty. Ltd. (“\n \n Ampere Metals\n \n ”) for the sale of the mineral rights and landholdings within Mirasol’s Virginia Silver Project (“\n \n Virginia\n \n ” or the “\n \n Deposit\n \n ”) located in the Santa Cruz Province, Argentina. Further to the memorandum of understanding previously signed (\n \n news release June 16, 2025\n \n ).\n \n\n “The sale of our Virginia Silver Project adds significant funds to our ongoing exploration projects while the remaining royalty ensures that Mirasol shareholders will continue to benefit from the project’s success as the Resource at Virginia continues to expand,” Mirasol’s President Tim Heenan stated. “The sale represents the first major achievement of our ongoing business development initiative and demonstrates the potential of our highly prospective, yet undervalued, portfolio of projects.”\n \n\n Discovered by Mirasol in 2009, Virginia hosts a high-grade, intermediate sulfidation epithermal style mineralization in a series of prominent outcropping vein-breccias. An updated Resource Estimate (the “\n \n Resource\n \n ”) is contained within a series of nine outcropping veins hosting high-grade silver mineralization, constrained within conceptual pits, with an\n \n indicated mineral resource of 11.7 million ounces of silver at 357 g/t silver\n \n and a further\n \n inferred mineral resource of 7.9 million ounces of silver at 184 g/t silver\n \n (\n \n news release November 9, 2023\n \n ).\n \n\n\n\n Terms ...