Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Investor Presentation (September 2021)
24 slides from Mirasol Resources's investor presentation, September 2021
Slide 1: Focused on Discovery
FOCUSED ON DISCOVERY TSX-V: MRZ Sascha Marcelina Project, Argentina OTCPK: MRZLF SEPTEMBER 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: Corporate Highlights
Corporate Highlights ➢ Leading ➢ Focused in Chile and ➢ Proven track record of exploration Argentina successful project company generation and ➢ Quality Gold, Silver partnering ➢ Exploration and Copper partnerships and exploration targets ➢ Aggressive exploration self-funded drilling plans 3
Slide 4: Share Structure and Treasury
Share Structure and Treasury Shares Shares Fully Market Conservative Outstanding Diluted Capitalization Share Structure 54 M 59 M ~C$ 20M Cash Shares Well Funded ~C$12M ~C$ 1.2M (6.55 million shares of CSE:SAND at ~$0.18) ➢ Insiders holding: 28% ➢ Share buy-back program initiated in October 2020 Cas
Slide 5: Project Portfolio
Project Portfolio Atacama Puna Program Two Mirasol-funded projects Altazor Atacama Puna Six partner-funded projects Strong pipeline of projects available for Inca Gold partnership Exploration Partners Encantada SpA Sascha Marcelina TSX-V: MRZ OTCPK: MRZLF 5
Slide 6: Project Portfolio - Drilling Overview
Project Portfolio - Drilling Overview 2020/2021 Field Season Next Steps Sascha ▪ Deep penetrating geophysics ▪ 2,814m drill program completed Marcelina ▪ Follow up drilling ~1,000m ▪ Reconnaissance work on additional M Inca Gold ▪ 1,417m drill program completed prospects R ▪ Phase III drill program
Slide 7: 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 8: 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 9: 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 10: 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 11: Inca Gold – 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 12: 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 13: Altazor – Exploration Targets
Altazor – Exploration Targets ➢ Initial 4 “test of concept” drill holes defined based on a Post-mineral cover and flows combination of geology / geochemistry / geophysics / alteration CSAMT survey line ➢ 2 holes for HSE / 2 holes for Cu-Au Porphyry potential CSAMT Resistivity Anomaly Max Resistivity
Slide 14: 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 Objective: Discovery Drilling Program: 2,000m Status: Community Consultation / Permitting
Slide 15: 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 MRZ 15% FS option US$600k Option Payments (paid) $650k cash MRZ 25% 19.9% of the S/O after US$6M in expenditures 6.5 years 1
Slide 16: 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 17: Rubi – Exploration Program
Rubi – Exploration Program Lithocap Target ▪ 3.5 km by 2.0 km target centered on a large, deeply weathered, advanced argillic alteration zone ▪ Lithocap alterations are potentially adjacent or above productive porphyry Cu deposits ▪ The outcropping lithocap remains undrilled as does its extension to
Slide 18: Rubi – Exploration Program
Rubi – Exploration Program Zafiro Target ▪ 2.8 km by 2.2 km circular magnetic high surrounded by a partial, doughnut-shaped magnetic low under gravel-cover ▪ Widespread anomalous Cu in gullies to the north ▪ Potentially mineralized porphyry intrusive center with a peripheral pyritic alteration halo
Slide 19: 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 ▪ Minimum 2,000m committed drill program planned for Q4 2
Slide 20: 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 21: 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 22: Virginia – Exploration Program
Virginia – Exploration Program 5,935m Phase I and II drill programs completed Phase III drill program planned for Q3 2021 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
Slide 23: Summary: Positioned for Success
Summary • MULTIPLE PLANNED DRILLING PROGRAMS Partner funded: Gorbea / Virginia → Drilling Q3/Q4 Sascha Marcelina → Additional geophysics + follow-up drilling Altazor → self funded or partner funded drilling • QUALITY EXPLORATION TARGETS Gold, Silver and Copper • STRONG FINANCIAL POSITION AND PARTNER
Slide 24: 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
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