Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Investor Presentation (December 2021)
31 slides from Mirasol Resources's investor presentation, December 2021
Slide 1: Focused on Discovery
FOCUSED ON DISCOVERY TSX-V: MRZ Sascha Marcelina Project, Argentina OTCPK: MRZLF DECEMBER 2021
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: Company Overview
Company Overview ➢ Leading ➢ Focused in Chile ➢ Proven track record exploration and Argentina of successful project company generation and ➢ Quality Gold, Silver partnering ➢ Exploration and Copper partnerships and exploration targets ➢ Aggressive self-funded exploration plans drilling TSX-V: MRZ OT
Slide 4: Board of Directors
Board of Directors Patrick Evans Executive Chair ▪ Appointed to the board in 2016 ▪ Over 20 years of senior Diane Nicolson management experience in Director various public mining companies ▪ B.Sc. in Geology and a PhD in Economic Geology Nick DeMare ▪ Over than 20 years of experience in Director min
Slide 5: Management Team
Management Team Tim Heenan President ▪ Over 30 years of exploration experience in Central and South America ▪ Involved in several high- Mathew Lee profile projects including the Chief Financial Officer famous Cerro Negro Mining ▪ Chartered Professional Accountant District in Argentina ▪ Over 10 year
Slide 6: Share Structure and Treasury
Share Structure and Treasury Shares Shares Fully Market Conservative Outstanding Diluted Capitalization Share Structure 54 M 59 M ~C$ 25M Cash Shares Well Funded ~C$9.5M ~C$ 1M (6.55 million shares of CSE:SAND at ~$0.15) ➢ Insiders Holding: 28% Cash position as at September 30, TSX-V: MRZ OTCPK: MRZ
Slide 7: Project Portfolio
Project Portfolio Atacama Puna Program Three Mirasol-funded projects Altazor Atacama Puna Seven partner-funded projects Strong pipeline of projects available for Inca Gold partnership Exploration Partners Sobek Encantada SpA Sascha Marcelina TSX-V: MRZ OTCPK: MRZLF 7
Slide 8: Project Portfolio – Activities Overview
Project Portfolio – Activities Overview 2020/2021 Field Season Next Steps Sascha Deep penetrating IP geophysics 2,814m drill program completed Marcelina Follow up drill hole Inca Gold 1,417m drill program completed Reconnaissance work on other prospects M Sobek Extension staking and aeromag. program
Slide 9: Flagship Project – Sascha Marcelina, Argentina
Flagship Project – Sascha Marcelina, Argentina Project ▪ Santa Cruz, Argentina Overview ▪ Low sulfidation epithermal (LSE) gold-silver property ▪ 30,600 ha - Elevation of 800 ASL ▪ 100 km south to Newmont’s Cerro Negro mine Ownership ▪ 24,900 ha owned by Mirasol, 5,700 ha in an option to purchase ag
Slide 10: Sascha Marcelina – Exploration Program
Sascha Marcelina – Exploration Program Maiden drill program at 3 prioritized prospects: ▪ Pellegrini: Encouraging results with broad interval in hydrothermal breccia encountered in drilling ▪ Estancia: Drilling intercepted poor host rock and returned dispersed mineralization Deeper drilling required
Slide 11: Sascha Marcelina – Exploration Program
Sascha Marcelina – Exploration Program Pellegrini Target: Returned best result from the 2021 program with: PEL-DDH-005: 20.4m at 0.24 g/t Au and 39 g/t Ag (58 g/t AgEq ) from 242.5m, incl. 10.5m at 0.28 g/t Au and 66 g/t Ag (87 g/t AgEq) from 249m ▪ Broad zone of Au and Ag mineralization overprintin
Slide 12: Flagship Project – Sobek, Chile
Flagship Project – Sobek, Chile Project ▪ Mio-Pliocene age mineral belt, northern Chile Overview ▪ 8,571 ha ▪ Porphyry Cu / HSE Au Project ▪ 7 km west of Filo del Sol and 10 km west of Josemaria Self-funded ▪ Helicopter supported MAG survey completed Exploration ▪ Maiden reconnaissance program befor
Slide 13: Sobek – Exploration Targets
Sobek – Exploration Targets • High resolution 2,690 line-km helicopter supported aeromagnetic (“MAG”) survey completed by High- Sense Geophysics Limited in Chile. • Covered the entire property and was designed to refine the geological and structural interpretation at Sobek. • Multiple highly prospec
Slide 14: Featured Pipeline Project – Altazor Gold
Featured Pipeline Project – Altazor Gold Project ▪ Mio-Pliocene age mineral belt, northern Chile Overview ▪ 33,300 ha ▪ High sulfidation epithermal (HSE) gold property ▪ 60 km via paved highway south from the village of Socaire ▪ Near a well-maintained gravel road connecting northern Chile and Argen
Slide 15: Altazor – Exploration Targets
Altazor – Exploration Targets ➢ Initial 4 drill holes defined based on a combination of geology / Post-mineral cover and flows geochemistry / geophysics / alteration CSAMT survey line ➢ 2 holes for HSE / 2 holes for Cu-Au Porphyry potential CSAMT Resistivity Anomaly Max Resistivity Grid Au La Puerta
Slide 16: Self-Funded Project – Inca Gold, Chile
Self-Funded Project – Inca Gold, Chile Project ▪ Located on the Paleocene belt of northern Chile Overview ▪ 16,300 ha - Elevation of 2,000 to 3,000m ASL ▪ Year-round access and near infrastructure ▪ 100 km north of Copiapó and 17 km east of Inca del Oro town Ownership ▪ Controlled through an option
Slide 17: Inca Gold – Exploration Program: Deep Sensing Geochemistry
Inca Gold – Exploration Program Vania Prospect Deep Sensing Geochemistry → Compelling porphyry Cu-Au prospect delineated by multi-layered exploration data collected by Newmont prior to the option (DSG) Score agreement with Mirasol • Vania hosts a strong, central Au DSG Multi-Element DSG Anomaly Mult
Slide 18: Partner-Funded Projects
Partner-Funded Projects Rubi Partner: Mine Discovery Fund Coronación Target: Porphyry Copper Atacama Puna Partner: First Quantum Objective: Discovery Drilling Target: Porphyry Copper Status: Drilling completed / Deep Objective: Discovery Drilling seeing geophysics to follow Status: Community Consult
Slide 19: Option to Joint Venture Option to Purchase
Option to Joint Venture Option to Purchase Jan 2019: Gorbea - Newcrest 51% 65% 75% 85% NSR royalty May 2020: Virginia – Silver Sands Res. >US$ 19M Exploration Expenditures PEA MRZ 15% FS option US$600k Option Payments (paid) $650k cash MRZ 25% 6.5 years 1 year 2 years 19.9% of the S/O after US$6M in
Slide 20: Gorbea Gold Project – Overview
Gorbea Gold Project – Overview Project ▪ Mio-Pliocene age mineral belt Overview ▪ 70 km north of Salares Norte, Chile ▪ 32,000 ha ▪ High sulfidation epithermal (HSE) gold property ▪ To date approx. US$17M spent and 17,066m drilled Exploration ▪ 2,500m RC drill program ongoing Activities ▪ 6,000m of
Slide 21: Atlas Target – Exploration Results
Atlas Target – Exploration Results 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 Exploration highlights to date: ▪ Defined a large, low-grade envelope of mineralization measuring some 865 x 600 x 240m ▪
Slide 22: Featured Project – Rubi Cu
Featured Project – Rubi Cu Project ▪ Paleocene age mineral belt, northern Chile Overview ▪ 7,500 ha ▪ Porphyry copper project ▪ Lies at relatively low elevation (1,900 – 2,100m ASL) ▪ Year-round access via well maintained gravel roadways ▪ Adjacent townships with a trained mining workforce, nearby r
Slide 23: Rubi – Exploration Program
Rubi – Exploration Program Multiple indicators of proximity to a potential covered and well mineralized porphyry Cu system: • Occurrence of porphyritic daci-andesite intrusive rocks and hydrothermal brecciation that exhibit strong quartz- sericite (phyllic) alteration overprinting now relict K-felds
Slide 24: Featured Project – Virginia, Argentina
Featured Project – Virginia, Argentina Project ▪ Santa Cruz, Argentina Overview ▪ 74,429 ha ▪ Low sulfidation epithermal (LSE) silver vein prospect ▪ 70 km south of Newmont’s Cerro Negro Mine ▪ 160 km north of Pan American Silver’s Manantial Espejo Mine MRZ –Silver Sands Exploration ▪ Phase I and II
Slide 25: Virginia – Exploration Program
Virginia – Exploration Program 5,935m Phase I and II drill programs completed 2,700m Phase III program ongoing Highlights from Phase I and II Drill Results ▪ Confirmed the potential for new well-mineralized structures to expand outside of the current NI 43-101 resource area ▪ Encountered significant
Slide 26: Coronación Copper/Gold Project
Coronación Copper/Gold Project Project ▪ Mio-Pliocene age mineral belt, northern Chile Overview ▪ 1,200 ha ▪ Porphyry Cu and HSE gold project ▪ 80 km E of Escondida and 240 km ESE from Antofagasta ▪ Accessible to the main road to the Socompa international pass Exploration ▪ Advance and test porphyry
Slide 27: Nord Polymetallic Project
Nord Polymetallic Project Project ▪ Eocene-Oligocene Copper Porphyry belt of northern Chile Overview ▪ 1,967 ha ▪ Altitude of 3,200 to 3,900m ASL ▪ Polymetallic Intermediate Epithermal and Porphyry prospect Exploration ▪ Scout drill program completed in Q2 2021 Activities ▪ 1,200m drill program ongo
Slide 28: Homenaje Gold/Silver Project
Homenaje Gold/Silver Project Project ▪ Santa Cruz, Argentina Overview ▪ 11,056 ha ▪ Low sulfidation epithermal gold/silver prospect ▪ Located at the western margin of the Deseado Massif ▪ 3 km south and southwest from the COSE and Cap Oeste mines operated by Pan American Silver and Patagonia Gold Pa
Slide 29: Libanesa Gold/Silver Project
Libanesa Gold/Silver Project Project ▪ Santa Cruz, Argentina Overview ▪ 14,500 ha ▪ Low sulfidation epithermal gold/silver prospect ▪ Located at the NE margin of the Deseado Massif ▪ 40 km NW of the Cerro Moro Mine - Yamana Gold ▪ 50 km E of the Don Nicolas mine - Cerrado Gold Partner ▪ Golden Arrow
Slide 30: Summary: Positioned for Success
Summary QUALITY EXPLORATION TARGETS Gold, Silver and Copper STRONG FINANCIAL POSITION AND PARTNERS MULTIPLE PLANNED DRILL PROGRAMS Gorbea / Virginia / Nord / Sascha Marcelina → Drilling before year end Pipeline of projects to be drilled: Altazor, Coronación, Libanesa, Homenaje, Rubi,… → POSITIONED F
Slide 31: TSX.V: MRZ OTCPK: MRZLF
TSX.V: MRZ OTCPK: MRZLF For Further Information: Tim Heenan, President Jonathan Rosset, VP Corp. Development Tel: (604) 602 9989 Email: contact@mirasolresources.com Website: www.mirasolresources.com TSX-V: MRZ OTCPK: MRZLF Rubi Project, Chile 31
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