Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Corporate Update (August 2019)
31 slides from Mirasol Resources's corporate update, August 2019
Slide 1: Focused on Discovery
Focused on Discovery Looking west-northwest towards Atlas zone of Gorbea.
Slide 2: Cautionary Statement
MIRASOL RESOURCES Cautionary Statement This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, that address future operations, resource potential, exploration drilling, exploitation
Slide 3: Who We Are
Who We Are PROJECT GENERATION AND EXPLORATION COMPANY • Established in 2003 and listed on TSX.V in 2005 • Well-funded with $22 M cash* • Experienced team with offices in Vancouver, Santiago and Mendoza • Decades of experience in Chile and Argentina in a variety of geological terrains and deposit typ
Slide 4: Mirasol Resources: The Investment Case
Mirasol Resources: The Investment Case Market Cap $32 M (54M s/o x $0.60/share – as at July 29, 2019) Cash $20 M (estimated - $22M as at March 31, 2019) Enterprise Value $12 M “Price is what you pay. Value is what you get.” — Warren Buffett Partner Funded Drilling Programs + Mirasol Funded Explorati
Slide 5: What We Do
What We Do DEVELOP AND TEST HIGH QUALITY EXPLORATION TARGETS 16 years of exploration experience • Au/Ag: High & Low sulfidation epithermal deposits • Cu: Porphyry deposits Exploration Strategy Altazor Project Rock Chip Sampling Self funding exploration for projects that are: • High grade • Infrastru
Slide 6: What We Have - Extensive Portfolio
What We Have - Extensive Portfolio Three Options to Joint Venture in Chile • Gorbea – Newcrest Mining (HSE) • Altazor – Newcrest Mining (HSE) • Indra – Hochschild Mining (LSE) Six Deal Ready Properties In Argentina In Chile • La Curva – Au • Rubi – Cu • Claudia – Au/Ag • Odin – Cu • Virginia – Ag •
Slide 7: Epithermal Gold/Silver Deposits - Schematic Model
Epithermal Gold/Silver Deposits - Schematic Model • Gorbea • Altazor • Zeus • Indra • Sascha-Marcelina • La Curva • Rubi • Odin Figure 1. The Relations Between low and high sulfidation epithermal deposits and porphyry deposit “ All models are wrong; the practical question is how wrong do they have t
Slide 8: Projects in Chile
Projects in Chile Chile: Paleocene Au + Ag Chile: Oligocene Cu Chile: Mio-Pliocene Au + Cu 6 Projects / 30,000 ha* 4 Projects / 40,000 ha* 20 Projects / 150,000 ha* Antofagasta Altazor - Iquique Newcrest El Penon Chuquicamata Mining Three Options to Joint Venture in Chile Indra - Cluster Hochschild
Slide 9: Gorbea - HSE Gold Project
Gorbea - HSE Gold Project Atacama • Nine claim blocks totaling approximately 23,080 ha (including the Atlas and Titan projects) Puna Generative • Previous partner spent CA$10 M on properties and drilled 11,640 m • Confirmed presence of a large, deeply oxidized and strongly mineralized HSE gold syste
Slide 10: Gorbea - HSE Gold Project
Gorbea - HSE Gold Project Atacama • Definitive Option to Farm-in agreement executed in January 2019 Puna Generative • Follow up drilling from Newcrest initiated in May 2019 • 903m drilling program completed before onset of winter • Presence of a large, deeply oxidized and strongly mineralized HSE go
Slide 11: Gorbea - HSE Gold Project
Gorbea - HSE Gold Project • Recognition Atacama of a North West • Definitive Option to Farm-in agreement executed in January 2019 South East Puna large breccia Generative • Follow up drilling from Newcrest initiated in May 2019 complex at Atlas that 4,300m is host to the better • 903m drilling progr
Slide 12: Gorbea - HSE Gold Project
Gorbea - HSE Gold Project Fox Breccia DH23 DH20 Atacama Atlas • Definitive Option to Farm-in agreement executed in January 2019 Puna Gold DH18 DH08 Generative Zone • DH02 Follow up drilling from Newcrest initiated in May 2019 DH01 • 903m drilling programDH19 DH16 completed before onset of winter • P
Slide 13: Altazor - HSE Gold Project
Altazor - HSE Gold Project • Targeting a multi-million ounce HSE gold deposit Atacama Puna Generative • Additional surface work completed over the last field season with two target areas defined • 2,000m drill program and in-fill CSAMT geophysics anticipated for next Altazor JV Newcrest Mining field
Slide 14: Altazor - HSE Gold Project
Altazor - HSE Gold Project Ground Magnetics ASVI Interpretation and Claims Expansion Windows of strong outcropping alteration coincident with Centinela moderate to intense ASVI lows. East Extending under cover 2017/2018 Surface Program Delivered Interpreted extent of alteration zone beneath cover Co
Slide 15: Indra – LSE Gold and Silver Project
Indra – LSE Gold and Silver Project Atacama • US$300,000 initial surface exploration program completed • 1,700m drill program planned to start in early August 2019 Puna Generative • Road construction is now underway Actual 51% 60% 70% 75% + MRZ Partner Funded US$ 6M Exploration Expenditures Antofaga
Slide 16: Indra – LSE Gold and Silver Project
Rock Chip Assays Gold Equivalent Indra – LSE Gold and Silver Project Au+(Ag/60) 3 RC holes 0.05 to 0.14 0.03 to 0.05 Atacama • US$300,000 initial surface exploration INDRA program completed 0.015 to 0.03 0.01 to 0.015 • 1,700m drill program planned to start in early August 2019 Puna Generative 0.075
Slide 17: Los Amarillos – LSE Gold and Silver Project
Los Amarillos – LSE Gold and Silver Project Atacama Puna • Self funded exploration to define drill targets ongoing Generative • Located 10 km northwest of El Salvador mine and the Potrerillos smelter • Multiple high-grade gold and silver assays in rock chip samples Antofagasta • Reconnaissance rock
Slide 18: Los Amarillos – LSE Gold and Silver Project
Los Amarillos – LSE Gold and Silver Project Atacama Puna • Self funded exploration to define drill targets ongoing Generative • To date, multiple high-grade gold and silver assays in rock chip samples • Located 10 km northwest of El Salvador mine and the Potrerillos smelter Main Access Road Antofaga
Slide 19: Los Amarillos – LSE Gold and Silver Project
Los Amarillos – LSE Gold and Silver Project 900 x 140m outcropping Target 1vein breccia: Atacama Puna • Self funded exploration to define drill targets ongoing Potential bulk Generative mineralization • To date, multiple high-grade gold and silver assays in rock chip samples target • Located 10 km n
Slide 20: Projects in Argentina
Projects in Argentina Extensive Portfolio in Santa Cruz – Las Heras A Mining Province with 7 Operating Mines San Jose Perito Hochschild/ Moreno McEwen Mining 3 Deal Ready Projects Cerro Negro Goldcorp • La Curva Fitzroy • Virginia • Claudia Bajo Caracoles Virginia La Curva 2 Projects with Mirasol Fu
Slide 21: Sascha-Marcelina – LSE Gold and Silver Project
Sascha-Marcelina – LSE Gold and Silver Project Las Heras • Underexplored Gold/Silver District: first time consolidated Perito San Jose Hochschild/ • Marcelina Claims consolidated in early 2019 Moreno McEwen Mining • Located 100 km south of Newmont Goldcorp’s Cerro Negro mine and Cerro Negro Goldcorp
Slide 22: Sascha-Marcelina – LSE Gold and Silver Project
Sascha-Marcelina – LSE Gold and Silver Project Cerro Jurassic Rock Chip Assays • Underexplored Gold/Silver District: first time consolidated Chile volcanics Negro Las Heras Au (g/t) • Marcelina Claims consolidated in early 2019 Argentin San Jose 1.00 to 160.00 Perito Hochschild/ Sascha - Cerro a 0.2
Slide 23: Sascha-Marcelina – Sascha District
Sascha-Marcelina – LSE Gold and Silver Project SaschaDistrict – Marcelina Gold and Silver Estancia Trend Silica Cap Estancia Vein trend may Norte Zone continue under basalt Preliminary Lithology Las Heras • Underexplored Gold/Silver District: first time consolidated to the NW Perito San Jose Hochsch
Slide 24: Virginia – Silver Project
Virginia – Silver Project NI 43-101 within conceptual pit resource[1] A Defined Type Mt Ag (g/t) Ag ( million oz) Silver Indicated 11.9 310 11.9 Resource Inferred 0.46 207 3.1 • ~7.6 km of outcropping mineralized epithermal veins in Virginia district • Seven silver deposits outlined by over 23,000 m
Slide 25: Virginia – Silver Project
Virginia – Silver Project NI 43-101 within conceptual pit resource[1] A Defined Type Mt Ag (g/t) Ag ( million oz) Silver Indicated 11.9 310 11.9 Resource Inferred 0.46 207 3.1 Mapped Veining Road (RP 39 & 77) Virginia District Existing • ~7.6 km of outcropping mineralized epithermal veins in Virgini
Slide 26: La Curva – Gold and Silver Project
La Curva – Gold and Silver Project • Project hosts LSE style gold and silver mineralization • Under exploration agreement until earlier this year • More than 6,000m of drilling completed with US$2.8M spent • Attractive targets remained to be tested • Multiple prospects defined • Best drilling result
Slide 27: La Curva – Gold and Silver Project
La Curva – Gold and Silver Project • Project hosts LSE style gold and silver mineralization • Under exploration agreement until earlier this year • More than 6,000m of drilling completed with US$2.8M spent • Attractive targets remained to be tested • Multiple prospects defined and reviewed • Best dr
Slide 28: La Curva – Gold and Silver Project
La Curva La Curva – Gold and Silver Project Highway Project SW-05 SW-10 A1.2m at 1.13 g/t Au and 3.9 g/t Ag SW-12 • Project hosts LSE style gold and silver mineralization 3 11.70m @ 1.39 g/t Au & 2.8 g/t Ag ? • Under exploration Inc. 5.50m agreement @ 2.11 g/t Au & 4.3 g/t Ag until earlier this year
Slide 29: La Curva – Gold and Silver Project
SW-03 La Curva – Gold and Silver Project Cross SW-11 SW-01R Section • Project hosts LSE style gold and silver mineralization • Under exploration agreement 6.20m @ 2.33 g/t Au & 31.1 g/t Ag until earlier this year 9.10 @ 1.00 g/t Au & 4.2 g/t Ag • 1.80m Inc. More than @ 6.88 g/t 6,000m Au & 84.9 g/t
Slide 30: Activities and News Flow from Planned FY 2020 Programs
Activities and News Flow from Planned FY 2020 Programs Multiple partner-funded drilling and exploration programs • Chile: Gorbea, Altazor, Indra Mirasol funded exploration programs • Argentina: Sascha – Marcelina • Chile: Los Amarillos and project generative programs Business Development initi
Slide 31: TSX.V: MRZ
TSX.V: MRZ For Further Information: Norm Pitcher, President & CEO Jonathan Rosset, VP Corp. Development www.mirasolresources.com Atena View, Mio-Pliocene Belt, Chile 31