Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Investor Presentation (September 2019)
32 slides from Mirasol Resources's investor presentation, Sep 5, 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: Mirasol Resources: The Investment Case
Mirasol Resources: The Investment Case Market Cap $30 M (54 M s/o x $0.56/share - as at August 30, 2019) Cash $20 M (estimated today - $22 M as at March 31, 2019) Enterprise Value $10 M “Price is what you pay. Value is what you get.” — Warren Buffett Partner Funded Drilling Programs → Short term dis
Slide 4: Who We Are
Who We Are PROJECT GENERATION AND EXPLORATION COMPANY • Established in 2003 and listed on TSX.V in 2005 • Experienced team with offices in Vancouver, Santiago and Mendoza • Decades of experience in Chile and Argentina in a variety of geological terrains and deposit types • Extensive in-country knowl
Slide 5: What We Do
What We Do DEVELOP AND TEST HIGH QUALITY EXPLORATION TARGETS Exploration Strategy Self funding exploration and drilling • High grade projects • Infrastructure advantaged Altazor Project Rock Chip Sampling • Lower exploration risk Partner funded exploration • Large scale projects • Higher exploration
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 ATACAMA PUNA GENERATIVE REGION (LSE) Three Advanced Exploration Projects In Argentina In Chile • Libanesa – Au/Ag • Los Amarillos
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 • Large land package with 9 claim blocks totaling 23,080 ha (incl. Atlas /Titan) Puna Generative • Previous partner spent CA$10M on properties and drilled 11,640 m • Presence of an oxidized and mineralized HSE gold system has been confirmed • NCM following up on pre
Slide 10: Gorbea - HSE Gold Project
Gorbea - HSE Gold Project • Large land package with 9 claim blocks totaling 23,080 ha (incl. Atlas /Titan) • Atacama Puna Generative Previous partner spent CA$10M on properties and drilled 11,640 m • Presence of an oxidized and mineralized HSE gold system has been confirmed • NCM following up on pre
Slide 11: Gorbea - HSE Gold Project
Gorbea - HSE Gold Project Interpretation of North West • Large land package with 9 claim blocks totaling 23,080 ha (incl. Atlas /Titan) South East • Atacama Historical Results: Puna Previous partner spent CA$10M on properties and drilled 11,640 m Generative • 4,300m • A large breccia Presence of an
Slide 12: Gorbea - HSE Gold Project
Gorbea - HSE Gold Project Fox Breccia DH23 DH20 Atacama Atlas • Large land package with 9 claim blocks totaling 23,080 ha (incl. Atlas /Titan) DH08 Puna Gold DH18 Generative Zone • Previous partner spent CA$10M on properties and drilled 11,640 m DH02 DH01 • Presence of DH16 an oxidized and mineraliz
Slide 13: Altazor - HSE Gold Project
Altazor - HSE Gold Project • Targeting a multi-million ounce HSE gold deposit • Atacama Puna Generative Road and drill permitting ongoing along side with environmental and community consultation process • 2,000m drill program and in-fill CSAMT geophysics anticipated for next Altazor JV Newcrest Mini
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 • Surface program completed: mapping, rock chip sampling, alteration vectoring Atacama Puna Generative studies and ground magnetics to develop drill targets • 1,700m drill program initiated in August 2019. Results expected late September Actual 51% 60% 70% 75% + A
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 • Surface program INDRA completed: mapping, rock chip sampling, alteration vectoring 0.015 to 0.03 0.01 to 0.015 Atacama Puna Generative studies and ground magnetics to develop 0.075
Slide 17: Los Amarillos – LSE Gold and Silver Project
Los Amarillos – LSE Gold and Silver Project • Package consolidated in June 2019 - Option agreement with ENAMI Atacama Puna Generative • Initial surface work delineated numerous veins structures • Follow up sampling on new claims confirmed presence of epithermal veins • Geophysical survey just comple
Slide 18: Los Amarillos – LSE Gold and Silver Project
Los Amarillos – LSE Gold and Silver Project • Package consolidated in June 2019 - Option agreement with ENAMI Atacama Puna Generative • Initial surface work delineated numerous veins structures • Geophysical survey just completed to define drill targets • Partner search advancing Mirasol Main Access
Slide 19: Los Amarillos – LSE Gold and Silver Project
Los Amarillos – LSE Gold and Silver Project 900 x 140 m • Package outcropping consolidated in June 2019 - Option agreement with ENAMI Atacama Target 1 vein breccia: Puna Generative • Potential bulk Initial surface work delineated numerous veins structures mineralization target • Geophysical survey j
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 2 Projects with Mirasol Funded Cerro Negro Goldcorp Exploration Programs Fitzroy • Sascha-Marcelina • Libanesa Bajo Caracoles Virginia La Curv
Slide 21: Sascha-Marcelina – LSE Gold and Silver Project
Sascha-Marcelina – LSE Gold and Silver Project San Jose Las Heras • Underexplored District: consolidated for the first time in early 2019 Hochschild/ Perito Moreno McEwen Mining • Located 100 km south of Newmont Goldcorp’s Cerro Negro mine and Cerro Negro displaying similar geologic and geomorphic s
Slide 22: Sascha-Marcelina – LSE Gold and Silver Project
Sascha-Marcelina – LSE Gold and Silver Project Cerro Jurassic Chile Rock Chip Assays volcanics San Jose Negro Las Heras • Underexplored District: consolidated for the first time Argentin in early 2019 1.00 to 160.00 Au (g/t) Hochschild/ Sascha - a Perito Moreno McEwen Mining Marcelina Cerro Morro •
Slide 23: Sascha-Marcelina – LSE Gold and Silver Project
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 to the NW Preliminary Lithology San Jose Las Heras • Underexplored District: consolidated for the first time in early 2019 Hoch
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 • Best drilling result
Slide 28: La Curva – Gold and Silver Project
La Curva Highway La Curva – Gold and Silver Project Project SW-05 SW-10 SW-12 • 1.2m A Project at 1.13 g/t hosts Au and 3.9LSE g/t Ag style gold and silver mineralization 3 • 11.70m @ 1.39 g/t Au & 2.8 g/t Ag Under exploration agreement until earlier this year Inc. 5.50m @ 2.11 g/t Au & 4.3 g/t Ag ?
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 until earlier this year 6.20m @ 2.33 g/t Au & 31.1 g/t Ag 9.10 @ 1.00 g/t Au & 4.2 g/t Ag SW-11 • Inc. 1.80m @ 6.88 g/t Au & 84.9 g/t Ag Inc. 1.5
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: Notes
Notes --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- ----------------------------------
Slide 32: 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 32
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