Mirasol Resources Ltd · TSXV:MRZ

Mirasol Resources — Investor Presentation (January 2021)

28 slides from Mirasol Resources's investor presentation, January 2021

  1. Slide 1: Focused on Discovery

    FOCUSED ON DISCOVERY TSX-V: MRZ OTCPK: MRZLF JANUARY 2021 Virginia Project, Argentina

  2. 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

  3. Slide 3: Corporate Highlights

    Corporate Highlights  Leading  Focused in  Conservative  Proven track  Excellence in Explorer Chile and share structure record of claim Argentina successful management,  Experienced  Well-funded: project permitting & leadership  Two self-funded C$15 million in generation community projects c

  4. Slide 4: Board of Directors

    Board of Directors Patrick Evans Diane Nicolson Chair and Interim CEO Director  Appointed to the board in  B.Sc. in Geology and a PhD in 2016 Economic Geology  Over 20 years of senior  Over than 20 years of experience management experience in in mineral exploration especially in various public m

  5. Slide 5: Management Team

    Management Team Patrick Evans Tim Heenan Chair and Interim CEO VP Exploration  Appointed to the board in  Over 30 years of exploration 2016 experience in Central and South  Over 20 years of senior America management experience in  Involved in several high-profile various public mining projects i

  6. 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$15M ~C$ 1M (3.7 million shares of SAND at ~$0.25)  Insiders holding >27%  Share buy-back program initiated in October 2020 TSX-V: MRZ

  7. Slide 7: Mission and Strategy

    Mission and Strategy OUR Discover and develop high-quality gold, silver and MISSION copper projects in Chile and Argentina STRATEGY & Self-funded Projects Partner-funded Projects  Higher grade prospects  Large scale projects  Lower operating costs  Higher exploration costs  Lower exploration ri

  8. Slide 8: Project Portfolio at a Glance

    Project Portfolio at a Glance Nandi Altazor Two self-funding projects Status: Available for Status: Optioned to Partnership Newcrest Six partner-funded projects Nord Coronación Strong pipeline of projects available for Status: Option to Status: Optioned to First partnership Encantada (Chile) Quantum

  9. Slide 9: Project Portfolio Status

    Project Portfolio Status 2021: More than 15,000m of drilling planned on 7 projects Status Plan for 2021  Environmental report approval Inca Gold  1,500m drilling Q1  Site preparation underway Sascha M Marcelina  Water permit in progress  2,600m drilling Q1 R  Geophysics, trenching  Phase I ex

  10. Slide 10: Flagship Project – Inca Gold, Chile

    Flagship Project – Inca Gold, Chile Project  Located on the Paleocene belt of northern Chile Overview  16,300 ha  Intermediate sulfidation epithermal (ISE) gold-silver vein prospect  100 km north of Copiapó and 17 km east of Inca del Oro town  Elevation of 2,000 to 3,000m ASL  Year-round acces

  11. Slide 11: Inca Gold – Exploration Program

    Inca Gold – Exploration Program Mirasol currently focuses its exploration and drilling activities at the Sandra prospect. About Sandra Target Area  Hosts robust wide outcropping epithermal veins  Five subparallel trends recognized over 2.5 x 4 km2 area  Sheeted veins in zones up to 20m wide  2,4

  12. Slide 12: Inca Gold – Exploration Program

    Inca Gold – Exploration Program Recent surface survey completed at Sandra prospect:  Three targets are prioritized for drilling among the seven zones of veining and anomalous geochemistry outlined within the prospect Q1 2021 Drill Program Targets Overview  Lomo Ballena: cumulative vein, veinlets a

  13. Slide 13: 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  100 km south to Newmont’s Cerro Negro mine Ownership  24,900 ha owned by Mirasol, 5,700 ha in an option to purchase agreement with a private

  14. Slide 14: Sascha Marcelina – Exploration Program

    Sascha Marcelina – Exploration Program Drilling Plan for Q1 2021 Estancia Pellegrini Igloo 8 holes 4 holes 3 holes All Samples Au Ag 1,375m 775m 450m Estancia and Igloo Trend Max Value 27.7 g/t 121 g/t Pellegrini Average value 0.56 g/t 3.9 g/t New Rock Chip Assays Estancia Silica Cap Multiple prospe

  15. Slide 15: Sascha Marcelina – Estancia Target

    Sascha Marcelina – Estancia Target Silica Cap Estancia Vein trend may Norte Zone continue under The Priority Drill Target for Upcoming Program basalt to the NW ? About Estancia Target: Jurassic Volcanics  N-W structure hosting veins, veinlets and stockworks, over more than 3 km Estancia Post-minera

  16. Slide 16: 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 Exploration  Q1 2021: Phase I exploration res

  17. Slide 17: Virginia – Exploration Program

    Virginia – Exploration Program  2,831m Phase I (Q4 2020) drill program completed and confirmed the strong potential for resource expansion  Phase II drill program plans to start in late January Highlights from Phase I Initial Drill Results  Initial six diamond holes (903m) drilled at: • Martina T

  18. Slide 18: Virginia – Exploration Program

    Virginia – Exploration Program Martina Target  Collared 70m to the south of the current conceptual pit outline  Encountered significant Ag mineralization at a 79.5m downhole  A wide intersection of 33.5m at 198 g/t Ag,  A higher-grade section of 17.7m at 313 g/t Ag Ely Central Target  Collared

  19. Slide 19: TSX.V: MRZ OTCPK: MRZLF

    TSX.V: MRZ OTCPK: MRZLF For Further Information: Patrick Evans, Chair & Interim CEO Jonathan Rosset, VP Corp. Development Tel: (604) 602 9989 Email: contact@mirasolresources.com Website: www.mirasolresources.com TSX-V: MRZ OTCPK: MRZLF Coronación Project, Chile 19

  20. Slide 20: Appendix: Other Project Descriptions

    Appendix Other Project Descriptions TSX-V: MRZ OTCPK: MRZLF 20

  21. Slide 21: Option to Joint Venture / Option to Purchase

    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 (paid) $650k cash MRZ 25% 19.9% of the S/O after US$6M in expenditures Expl. Expen

  22. Slide 22: Gorbea – Overview

    Gorbea – 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$16.6M spent and 17,066m drill completed Exploration  Minimum 2,000m committed drilling program for H1 2021 Acti

  23. Slide 23: Gorbea – Exploration Results at Altas Target

    Gorbea – Exploration Results at Altas Target 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 60

  24. Slide 24: Altazor

    Altazor 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 Argentina and a 20 km south of 345 kV

  25. Slide 25: Coronación

    Coronación Project  Mio-Pliocene age mineral belt, northern Chile Overview  1,200 ha  Porphyry and high sulfidation epithermal (HSE) copper/gold project  85 km SW of Socaire and 240 km ESE from Antofagasta  Accessible to the main road to the Socompa International pass Exploration  3,000m drill

  26. Slide 26: Rubi

    Rubi Project  Paleocene age mineral belt, northern Chile Overview  7,500 ha N  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 roads, power, water g

  27. Slide 27: Nord

    Nord 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  Initial 6-month fieldwork program planned Activities  Scout drilling program expected in Q2 2021 Ch

  28. Slide 28: TSX.V: MRZ OTCPK: MRZLF

    TSX.V: MRZ OTCPK: MRZLF For Further Information: Patrick Evans, Chair & Interim CEO Jonathan Rosset, VP Corp. Development Tel: (604) 602 9989 Email: contact@mirasolresources.com Website: www.mirasolresources.com TSX-V: MRZ OTCPK: MRZLF Coronación Project, Chile 28

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