Business
Mirasol signs exploration agreement with Pan American Silver for the Esepejo Project, Argentina
Apr. 27, 2011 (Canada NewsWire Group) -- VANCOUVER, April 27 /CNW/ - Mirasol Resources Ltd. ...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n Apr. 27, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, April 27 /CNW/ - Mirasol Resources Ltd. (TSXV:MRZ; Frankfurt: M8R) is pleased to announce it has signed a\n Letter of Intent with Pan American Silver Corp. ("Pan American") to\n explore Mirasol's 100%-owned Espejo project, located in Santa Cruz\n Province, Patagonia, Argentina.  Pan American is a leading silver\n producer and operates the adjacent Manantial Espejo silver-gold mine,\n which produced approximately 4.0 million ounces of silver in 2010.  The\n Espejo property is located in the prolific Deseado Massif volcanic\n terrane of southern Argentina.\n\n\nThe Letter of Intent provides for a definitive joint venture agreement\n to be signed which gives Pan American the option to earn 51% interest\n in Espejo in exchange for US$4 million investment in exploration over\n four years, and certain cash payments.  After earn-in, Pan American may\n increase its interest to 61% by producing a NI 43-101 compliant\n feasibility study. Mirasol may then elect to maintain a participatory\n 39% interest or permit Pan American to increase its interest to 70% by\n providing mine financing at commercial terms to Mirasol, at Mirasol's\n request.  Pan American will manage the exploration program.  The Letter\n of Intent is subject to satisfactory due diligence by Pan American.\n\n\nThe Espejo project hosts a number of discrete drill targets identified\n by Mirasol which occur on trend ...