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Mirasol Signs MOU for the Sale of the Virginia Silver Project and Landholdings in Argentina for US$8 Million Plus 2% NSR Royalty
Ampere Metals to acquire Virginia Project for a total consideration of US$ 8.0 million: US$5 mill...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"Mirasol Signs MOU for the Sale of the Virginia Silver Project and Landholdings in Argentina for US$8 Million Plus 2% NSR Royalty\n\n\n\n\n\n\n Ampere Metals to acquire Virginia Project for a total consideration of US$ 8.0 million: US$5 million for the sale of the mineral rights and US$3 million for the sale of the landholdings over 5 years of scheduled payments\n \n\n\n\n\n\n Mirasol will retain a 2% NSR Royalty with the unilateral right to sell to Ampere Metals for a minimum of US$ 2.0 million\n \n\n\n\n\n\n Virginia hosts an Indicated Resource of 11.7 million ounces at 357 g/t silver and Inferred Resource of 7.9 million ounces at 184 g/t silver\n \n\n\n\n\n\n Mineralization remains open along strike and at depth\n \n\n\n\n\n\n Numerous vein prospects outside and proximal to the Resource remain untested\n \n\n\n\n\n\n Drill ready targets fully permitted\n \n\n\n\n\n\n\n VANCOUVER, British Columbia, June 16, 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 Memorandum of Understanding (“\n \n MOU\n \n ”) under which Mirasol grants Ampere Metals Pty. Ltd. (“\n \n Ampere Metals\n \n ”) an exclusive right to enter into a definitive agreement (the “\n \n Definitive Agreement\n \n ”) to acquire the mineral rights and landholdings within Mirasol’s 100% owned Virginia Silver Project (“\n \n Virginia\n \n ” or the “\n \n Deposit\n \n ”) located in the Santa Cruz Province, Argentina.\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 “The sale of our Virginia Silver Project represents the first major achievement of our ongoi...