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Mirasol's partner Coeur d'Alene elects to take the Joaquin Project to Feasibility Stage
Mar. 14, 2011 (Canada NewsWire Group) -- VANCOUVER, March 14 /CNW/ - Mirasol Resources Ltd. (...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n Mar. 14, 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, March 14 /CNW/ - Mirasol Resources Ltd. ( "Mirasol") (TSX-V:\n MRZ, Frankfurt: M8R) is pleased to announce that Coeur d'Alene Mines\n ("Coeur"), its joint venture partner  at the Joaquin silver-gold\n project, located in Santa Cruz Province, Argentina, has notified\n Mirasol of its election to proceed to earn a 61% interest by taking the\n project through feasibility stage. \n\n\nThe Mirasol - Coeur exploration and joint venture agreement was signed\n in November, 2006.  Under terms of the agreement, Coeur notified\n Mirasol in December, 2010, that it had completed requirements to vest\n at 51% interest, including exploration expenditures of approximately\n US$6 million over the past four year period.   To achieve a 61%\n interest, Coeur must complete a feasibility study which meets criteria\n for bank financing.  At this point, Mirasol may retain its 39%\n participating interest or, at its election, request that Coeur provide\n mine financing, and in return Coeur may increase its participation to\n 71% in the project if it elects to proceed to the next stage. \n\n\nCoeur, the project operator, is undertaking an initial resource\n calculation for the La Morocha and La Negra silver-gold prospects at\n Joaquin (see news releases of October 18 and November 3, 2010, and\n January 18, 2011).  The La Negra and La Morocha prospects, located 1.5\n km ap...