Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Investor Presentation (October 2020)
29 slides from Mirasol Resources's investor presentation, October 2020
Slide 1: Focused on Discovery
FOCUSED ON DISCOVERY OCTOBER 2020 Inca Gold Project, Chile
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: Exploration Company with a Hybrid Strategy to Test High-Quality Targets
N CHILE / ARGENTINA Gold / Silver / Copper EXPLORATION COMPANY WITH A HYBRID STRATEGY TO TEST HIGH-QUALITY TARGETS ATACAMA PUNA GENERATIVE REGION Two Projects with Mirasol Funded Exploration and Drilling Inca Gold in Chile / Sascha Marcelina in Argentina ARGENTINA Six Partner Funded Projects Earn-in
Slide 4: Projects in Chile
N PROJECTS IN CHILE Antofagasta Socaire MRZ-Newcrest MRZ-FQM Altazor Project Portfolio in Northern Chile – Atacama Puna Region Coronación World Class Copper / Gold region Project Five Option Agreements in Chile Escondida El Peñon Taca Taca • Gorbea – Newcrest Mining • Altazor – Newcrest Mining • C
Slide 5: Projects in Argentina
N Las Heras PROJECTS IN ARGENTINA San Jose Perito Hochschild / Moreno McEwen Mining Cerro Negro Newmont Portfolio in Santa Cruz Province Fitz Roy A Mining Province with 7 Operating Mines MRZ - Silver Sands Virginia Project La Curva Option Agreement in Argentina Bajo Caracoles • Virginia – Silver S
Slide 6: Expected Activities and News Flow
EXPECTED ACTIVITIES AND NEWS FLOW Project Funding Operator Exploration Activities Expected Timeline Inca Gold Mirasol Rock chip and channel sampling Q3 2020 Geophysics and Drilling – 1,500m Q4 2020 / Q1 2021 Sascha Mirasol Drilling – 2,600m Q1 2021 Marcelina Virginia Partner Mirasol Geophysics, Tren
Slide 7: Mirasol Funded Exploration
Mirasol Funded Exploration Inca Gold Project, Chile 7
Slide 8: Inca Gold
N El Salvador - N El Salvador Codelco Diego de Almagro Inca Gold Intermediate Sulfidation ARGENTINA Rubi Potrerillos Epithermal Gold and Silver Potrerillos Project • Option agreement with Newmont Inca Gold • Leveraging exploration expenditures to Project gain exposure to a large epithermal Inca del
Slide 9: Inca Gold Overview – Multiple Prospects
Inca North Target (Au) Inca Gold Overview Multiple Prospects Vania Target (Au-Cu) • Large scale land package • 5 prospects identified to date, with various mineralization styles Rincon Target (Cu-Au) Guerda Target • Initial focus on Sandra (Au) target that hosts thick outcropping epithermal Sandra T
Slide 10: Sandra Target Area
Ag Au Sandra Target Area Inca Gold Claims Boundary Veins • 5 subparallel trends Veins Structures Structures recognized over 2.5 x 4 km Rock Chip Ag (ppm) Rock Chip Au (ppm) area • Sheeted veins in zones up to 20m wide < < Comprehensive surface Sandra program ongoing: Target • 1:2000 scale mapping of
Slide 11: Inca Gold Next Steps
Inca Gold ISE Gold and Silver Project NEXT STEPS • Systematic mapping and sampling - ongoing • Permitting - ongoing • IP geophysics • Drilling – 1,500m budgeted 11
Slide 12: Sascha Marcelina
Sascha Marcelina N Perito San Jose Hochschild / ARGENTINA LSE Gold and Silver Project Moreno McEwen Mining Cerro Negro Newmont • Property package consolidated for the first time in early 2019 • Located 100 km south and displaying similar geologic and geomorphic settings to Newmont’s Cerro Negro mine
Slide 13: Sascha Marcelina Property Overview and Drilling Plan
Cerro Jurassic Chile Negro volcanics Argentin Sascha - Cerro a Marcelina Morro Santa Cruz Cerro Provin Mina Vanguardia ce Martha 50km Manantial Espejo Sascha Marcelina Property Overview and Drilling Plan Pellegrini All Samples Au Igloo Ag • Multiple prospects identified Estancia Estancia and Igloo T
Slide 14: Sascha Marcelina – Estancia Trend
Silica Cap Estancia Vein trend may continue under basalt Sascha Marcelina - Estancia Trend Norte Zone to the NW ? • N-W structure hosting veins, veinlets and Jurassic stockworks, over more than 3 km Volcanics • Estancia South: Deepest level of erosion, hosting Estancia Post-mineral gravel well devel
Slide 15: Sascha Marcelina Next Steps
Sascha Marcelina LSE Gold and Silver Project NEXT STEP • Drilling permit granted • Water permit – in progress • Drilling – 2,600m budgeted 15
Slide 16: Partner Funded Exploration
Partner Funded Exploration Gorbea Project, Chile 16
Slide 17: Option to Joint Venture / Option to Purchase Terms
Option to Joint Venture Option to Purchase Jan 2019: Gorbea - Newcrest 51% 65% 75% 85% May 2020: Virginia – Silver Sands Res. NSR royalty >US$ 19M Exploration Expenditures PEA option MRZ 15% FS US$600k option payments ($100k paid) $650k cash MRZ 25% 19.9% of the S/O after US$6M in expenditures Expl.
Slide 18: Virginia
N Virginia Perito San Jose Hochschild / LSE / ISE Silver Project Moreno McEwan Mining • Option to Purchase agreement executed in May 2020. Silver Sands Resources Cerro Negro Newmont closed two oversubscribed private placement for ~C$5M MRZ - Silver Sands • Well-funded to aggressively move project fo
Slide 19: 2020 Approved Program
2020 Approved Program • Exploration program approved between the partners under the initial US$1M commitment • IP geophysics program – 40 line-km • Previously used successfully to identify zone of mineralization and zones with high chargeability (sulphides concentration) and zones of high resistivit
Slide 20: Gorbea
N El Guanaco - AustralGold MRZ-Newcrest Gorbea Project Gorbea Atlas Sirio High Sulfidation Epithermal Agua Verde Ventura Gold Project Titan El Dorado Aldebaran Orion Altamira • Large land package with 9 claim blocks incl. Danay Atlas /Titan • Mirasol’s partners have spent >CA$20M on N Town / Site pr
Slide 21: Drilling Map 2019/2020 and Cross Section
Drilling Map 2019/2020 Cross Section 114.1m @ 1.07 g/t Au incl. 36m @ 2.49 g/t Au 164m @ 0.52 g/t Au 129m @ 0.54 g/t Au incl. 10m @ 2.09 g/t Au • Newcrest drilled multiple long intervals of alteration and mineralization • Untested gaps remain that can potentially host higher-grade zones • Other regi
Slide 22: Altazor
Altazor N N ARGENTINA Paso de Sico HSE Gold Project • Large land package with multiple drill targets MRZ-Newcrest Altazor Project • HSE gold target defined by compelling results from surface exploration programs (extensive Town / Site alteration / CSAMT highly resistive geophysical Coronación Au/Cu
Slide 23: Coronación
N Coronación HSE / Porphyry Copper Gold MRZ-FQM Altazor Project Imilac Coronación Project • Option Agreement with First Quantum Escondida Minerals signed in October 2019 • Targeting large scale Porphyry and/or HSE Socompa Town / Site systems N Taca Taca Au/Cu Deposit • Located on major N-W structura
Slide 24: Rubi
N Ciclon-Exploradora - Exploradora - N Rubi Mineria Activa Codelco Nord ARGENTINA Porphyry Copper Project • Option Agreement announced in October 2020 with Mine Discovery Fund (MDF) • MDF is a private investment vehicle focused on the discovery of tier-one base El Salvador metal and gold deposits El
Slide 25: Nord
N Nord N Ciclon-Exploradora - Exploradora - Mineria Activa Codelco ARGENTINA MRZ-Encantada Polymetallic / Epithermal / Nord Project Porphyry Project • Definitive Agreement signed in Sept 2020 with Encantada SpA, an affiliate of Mineria Activa El Salvador El Salvador - • Mineria Activa is a Chilean,
Slide 26: Activities and News Flow
ACTIVITIES AND NEWS FLOW Mirasol funded exploration programs • Chile: Inca Gold – Surface sampling, geophysics and drilling • Argentina: Sascha Marcelina – Drilling Multiple partner funded drilling and exploration programs • Chile: Gorbea, Coronación, Altazor, Rubi, Nord • Argentina: Virginia –
Slide 27: Investment Case
Investment Case Leading South American exploration company Highly experienced exploration team Well funded with approx. C$15m in cash Partners funding six exploration projects Minimum 15,000m drilling planned on 7 advanced stage projects Strong pipeline of early and mid-stage projects
Slide 28: Conservative Share Structure, Well Funded, Insiders
Conservative Share Structure Well Funded 54M Shares Outstanding ~C$15M in Cash 59M Fully Diluted ~C$1M in Shares 3.7 M shares of SAND at ~$0.25 Share Price ~$0.45/share Insiders Market Capitalization >27% of Shares Outstanding ~C$ 25 M 28
Slide 29: TSX.V: MRZ OTCPK: MRZLF
TSX.V: MRZ OTCPK:MRZLF For Further Information: Patrick Evans, Chair & Interim CEO Jonathan Rosset, VP Corp. Development Email: contact@mirasolresources.com Tel: (604) 602 9989 www.mirasolresources.com Coronación Project, Chile 29
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