Mirasol Resources Ltd · TSXV:MRZ

Mirasol Resources — Investor Presentation (September 2022)

47 slides from Mirasol Resources's investor presentation, September 2022

  1. Slide 1: Focused on Discovery – Corporate Presentation

    FOCUSED ON DISCOVERY CORPORATE TSX-V: MRZ PRESENTATION Sobek Project, Chile OTCPK: MRZLF September 2022

  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: Company Overview

    Company Overview  Leading exploration company  Quality gold, silver and copper  Well-funded exploration and JV with a track record of success exploration projects partnerships  $60 million liquidity event in 2012  Focused on highly-prospective  Pending drill and exploration from the discovery

  4. Slide 4: Project Portfolio Overview

    Project Portfolio Overview Atacama Puna Program Two Mirasol-funded projects Atacama Puna Region Five partner-funded projects Inca Gold - Vania Strong pipeline of early and mid-stage projects Sobek Exploration Partners: • S Encantada SpA Self-funded Partner funded Pipeline project 4

  5. Slide 5: 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 20 years of experience in mineral Director

  6. Slide 6: Management Team

    Management Team Tim Heenan President  Over 30 years of exploration experience in Central and South America  Involved in several high-profile projects including the famous Carmen Cazares Cerro Negro Mining District in Chief Financial Officer Argentina  Chartered Professional Accountant  Broad ope

  7. Slide 7: Share Structure and Treasury

    Share Structure and Treasury Shares Shares Fully Market Conservative Outstanding Diluted Capitalization Share Structure 54M 58M ~C$35M Cash Shares Well ~C$0.78M Funded ~C$6.6M 10.37M shares of Silver Sands Resources (CSE:SAND) at $0.075  Insiders Holding: 32% Cash position as at March 31, 2022 TSX-

  8. Slide 8: Project Portfolio – Activities Summary

    Project Portfolio – Activities Summary Sobek Detailed reconnaissance & sampling program completed Results Pending Inca Gold New drill targets identified - Induced Polarity (IP) Survey mobilized Drilling in Q4’22 Underexplored portfolio with alteration & good structural settings San Juan New Cu Porph

  9. Slide 9: Flagship Self-Funded & Active Projects

    Flagship Self-Funded & Active Projects Atacama Puna Region Inca Gold - Vania Altazor Gorbea Sobek San Juan Porphyry Copper Projects Tefnut Self-funded TSX-V: MRZ OTCPK: MRZLF Partner funded Pipeline project 9

  10. Slide 10: Flagship Project – Sobek – Copper/Gold/Silver, Chile

    Flagship Project – Sobek - Copper/Gold/Silver, Chile Project  Mio-Pliocene age mineral belt, northern Chile Overview  11,120 ha (up from 8,571 ha)  Porphyry Copper / HSE Gold Project Sobek N  7 km west of Filo del Sol and 10 km west of Josemaria Ownership  100% owned  Surface access agreements

  11. Slide 11: Sobek – Exploration Program

    Sobek – Exploration Program Preparing for an aggressive 2022-23 exploration season Airborne Magnetics: • High resolution 2,690 line-km helicopter- supported aeromagnetic survey completed by New-Sense Geophysics Limited in Chile  Improved understanding of the structural architecture  Defined multip

  12. Slide 12: Sobek Central – Exploration Program

    Sobek Central – Exploration Program Filo Del Sol The initial reconnaissance campaign confirmed presence of porphyry-type geology and alteration assemblages: • Prospective geological units hosting widespread areas of strong hydrothermal clay alteration. • Volcanic rock complex underlain and flanked b

  13. Slide 13: Self-Funded Project – Inca Gold – Copper/Gold, Chile

    Self-Funded Project – Inca Gold – Copper/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 lots of nearby infrastructure  100 km north of Copiapó and 17 km east of Inca del Oro community Ownership 

  14. Slide 14: Inca Gold – Vania North Prospect – Drill Ready

    Inca Gold – Vania North Prospect – Drill Ready Coincident ground Mag, IP, with gold and geochemical pathfinder anomalies Vania North Interpreted Structures Vania Prospect  Compelling conceptual porphyry Au-Cu prospect delineated by multi-layered exploration data collected by Newmont prior to the op

  15. Slide 15: Inca Gold – Vania North Prospect – Drill Ready

    Inca Gold – Vania North Prospect – Drill Ready Electrical IP Pole-Dipole survey detected coincident IP anomalies TSX-V: MRZ OTCPK: MRZLF 15

  16. Slide 16: Inca Gold – NEW Vania South Prospect

    Inca Gold – NEW Vania South Prospect Reprocessed Magnetic Data Identifies Compelling New Prospect Vania North Vania South  Magnetic source and surrounding smooth textures and clearly evident on this image. TMI (Vertical Integral) Vania South Vania South  Low field intensities (Blue shaded zones) s

  17. Slide 17: Pipeline Projects – San Juan Porphyry Copper Projects

    Pipeline Projects – San Juan Porphyry Copper Projects Project  San Juan Province, Argentina Overview  Three separate properties representing 10,741 ha Atacama Puna  All are Porphyry Copper prospects Generative  South of Mirasol’s Osiris project (Chile) Region  High profile projects nearby:  in

  18. Slide 18: Tefnut Prospect – San Juan Porphyry Copper Projects

    Tefnut Prospect – San Juan Porphyry Copper Projects Project  San Juan Province, Argentina Overview  4,500 ha within the Mio-Pliocene copper-belt Atacama Puna  Porphyry Copper prospect Generative  High profile projects nearby, to the west include Novicio, Region West Wall and Pimenton Ownership 

  19. Slide 19: TEFNUT – NEW Porphyry Copper Target

    TEFNUT – NEW Porphyry Copper Target 1km Mo-25ppm Mo- Intense zone of early 42ppm quartz stockworking with QSP overprint Diorite porphyry, Early diorite porphyry with with quartz-sericite- strong quartz-magnetite pyrite alteration and veining & disseminated Copper rock-chip values D-B veining. chalco

  20. Slide 20: Tefnut – Sample – Early Quartz Veining

    Tefnut – Sample – Early Quartz Veining TSX-V: MRZ OTCPK: MRZLF

  21. Slide 21: Tefnut – Quartz Magnetite Veining

    Tefnut – Quartz Magnetite Veining Outcropping intense quartz-magnetite stockworks EarlyTSX-V: Mineral Porphyry MRZ with qtz-Magnetite OTCPK: MRZLF veinlets, potassic alteration and insitu Cu-oxides

  22. Slide 22: Tefnut – Veining & Alteration

    Tefnut – Veining & Alteration Diorite Porphyry with Qtz-Ser-Py (Phyllic) alteration and D –B Type veinlets Choiyoi Group Conglomerates with intense Qtz-Ser-Py (Phyllic) alteration. Choiyoi Group Rhyolites and tuffs with Qtz-Ser-Py Epidote in veinlets and void-fills en Choiyoi Group (Phyllic) alterat

  23. Slide 23: Tefnut – Conceptual Exploration Model

    Tefnut – Conceptual Exploration Model TSX-V: MRZ OTCPK: MRZLF

  24. Slide 24: Flagship Project – Altazor – Gold/Copper, Chile

    Flagship Project – Altazor – Gold/Copper, Chile Project  Mio-Pliocene age mineral belt, northern Chile Socaire Overview  33,300 ha (20kms north of our Coronacion Project - FQM)  High sulfidation epithermal (HSE) gold + Cu-porphyry property  60 km via paved highway south from the village of Socai

  25. Slide 25: Altazor – Exploration Targets

    Altazor – Exploration Targets  4 drill holes targeted based on a combination of geology / Post-mineral cover and flows geochemistry / geophysics / alteration CSAMT survey line  2 holes to test for HSE and 2 holes for Cu-Au Porphyry potential CSAMT Resistivity Anomaly Max Resistivity Grid Au La Pue

  26. Slide 26: Altazor – Exploration Targets

    Altazor – Exploration Targets S Au N • 4 initial “test of concept” drill holes defined • Defined by geology-geochemistry-geophysics-ASD • 2 holes targeted for HSE potential • 2 on Cu-Au Porphyry targets. • Total drilling meters is 2000m for the four targets. S Au N Cu/Au Cu-Au Porphyry S Cu/Au N Au

  27. Slide 27: Highlight Project – Gorbea Belt – Gold/Copper/Silver, Chile

    Highlight Project - Gorbea Belt – Gold/Copper/Silver, Chile Project  Mio-Pliocene age mineral belt Overview  High sulfidation epithermal (HSE) gold property  32,000 ha  70 km north of Salares Norte, Chile Exploration  A large land package containing nine projects in the Gorbea Belt Activities 

  28. Slide 28: Gorbea – ATLAS Prospect Exploration Potential

    Gorbea - ATLAS Prospect Exploration Potential “Currently refining drill targets to offer project to potential partners”  Expansion potential remains to both the east and west to extend the mineralization and explore for high-grade “feeder” mineralization  Another viable untested target lies to eas

  29. Slide 29: Gorbea – TITAN Prospect Exploration Potential

    Gorbea - TITAN Prospect Exploration Potential  Untested “Maricunga Type” Cu-Au porphyry at depth remains prospective.  Magnetic anomaly700 x 600 m  Outcrop of massive magnetite, and magnetite-hematite veining  Underlying Chargeable Magnetic body. Potential for “Maricunga Type Porphyry” or “Lepan

  30. Slide 30: Highlight Project – Libanesa – Gold/Silver, Argentina

    Highlight Project – Libanesa – Gold/Silver, Argentina Project  Santa Cruz, Argentina Overview  14,500 ha  Low sulfidation epithermal gold/silver prospect  Located at the NE margin of the Deseado Massif Exploration  Drill targeting program completed  2,000m drill program completed – results pen

  31. Slide 31: Libanesa Project – Exploration Program

    Libanesa Project – Exploration Program 2,000m maiden drill program focusing on Cerro Redondo and Lagunita prospects  Cerro Redondo has a 1km sub-circular geomorphic feature, that hosts multiple gold-silver-lead anomalies inside and at its margins  Cerro Plomo is the principal target and hosts a 50

  32. Slide 32: Sascha-Marcelina – Gold/Silver Argentina

    Sascha-Marcelina – Gold/Silver 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 under an option to purchase agree

  33. Slide 33: Sascha Marcelina – Untested Exploration Potential

    Sascha Marcelina – Untested Exploration Potential • Widespread Au/Ag/Zn/Pb mineralization identified in Mirasol’s drilling • Multiple vectors defined to untested targets remaining • District scale property package • Search initiated for third party exploration partnership TSX-V: MRZ OTCPK: MRZLF 33

  34. Slide 34: Sascha Marcelina – Pellegrini Breccia Target

    Sascha Marcelina – Pellegrini Breccia Target • Precious metal mineralization decreases in intensity and further to the east, outboard and distal to the remaining untested central target • Untested chargeability/resistivity anomaly defined from the recent deep penetrating IP geophysics TSX-V: MRZ OTC

  35. Slide 35: Partner-Funded Projects

    Partner-Funded Projects Atacama Puna Region Nord Coronación Partner: Encantada SpA Target: Porphyry Copper + IS Epithermal Partner: First Quantum Objective: Discovery Drilling Target: Porphyry Copper Status: 1,200m completed / New quality Objective: Discovery Drilling untested drill targets defined

  36. Slide 36: Option to Joint Venture / Option to Purchase

    Option to Joint Venture Option to Purchase Sept 2019: Coronación - FQM 80% May 2020: Virginia – Silver Sands Res. 3,000m + 10,000m of Drilling and Delivery of a PFS MRZ 20% Geophysics Committed US$875k Option Payments (US$175k paid) Negotiated $ to 100% 19.9% of the S/O after US$6M in expenditures 7

  37. Slide 37: Flagship Project – Coronación – Copper/Gold, Chile

    Flagship Project – Coronación - Copper/Gold, Chile Project  Mio-Pliocene age mineral belt, northern Chile Overview  1,200 ha  Porphyry Copper and HSE gold project  80 km E of Escondida and 240 km ESE from Antofagasta and 20kms south of the Altazor project. Partner  First Quantum Minerals Option

  38. Slide 38: Rubi – Copper, Chile

    Rubi - Copper, Chile 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 roads,

  39. Slide 39: 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

  40. Slide 40: Highlight Project – Virginia – Silver, Argentina

    Highlight Project – Virginia - Silver, Argentina Project  Santa Cruz, Argentina Overview  74,429 ha  Low to Intermediate sulfidation epithermal (LSE/ISE) silver vein prospect  160 km north of Pan American Silver’s Manantial Espejo Mine MRZ –Silver Sands Virginia Project Partner  Option with Sil

  41. Slide 41: Virginia Project – Exploration Program

    Virginia Project – Exploration Program 1,500m Phase IV program to follow up on key prospective areas and to support an aggressive program next season Highlights from Virginia Main  Confirmed the potential for new well-mineralized structures to expand outside of the current NI 43-101 resource area 

  42. Slide 42: Nord Polymetallic Project, Chile

    Nord Polymetallic Project, Chile 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 Partner  Encantada SpA, an affiliate of Mineria Activa Chile Option  Executed in Sep

  43. Slide 43: Nord Project – Exploration Results

    Nord Project – Exploration Results Two targets advanced on Mirasol property Target 3: 1,200m scout drill program completed  Narrow zones of zinc mineralization (sphalerite - pyrrhotite) encountered in the northern holes  Higher temperature (garnet-pyroxene-magnetite) skarn hosting narrow zones of

  44. Slide 44: Nord Project – New Target 2

    Nord Project – New Target 2 Alteration 10k Alluvial & Ignimbrite Cover Target K Cu (Mo)  Leading exploration Skarn Gt >Px >Wo Zn, Fe, & Cu-Au company Epithermal Veins  Experienced Qz-Sericite Alteration Jaros-Alun-Kaol leadership in Lim/Qz Veinlets place Massive sil-Brx Qz-Sericite Alteration Jaro

  45. Slide 45: Homenaje – Gold/Silver Project, Argentina

    Homenaje - Gold/Silver Project, Argentina 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 Pata

  46. Slide 46: Focused on Making the Next Discovery in Chile and Argentina

    FOCUSED ON MAKING “THE NEXT DISCOVERY” in CHILE and ARGENTINA BY DEFINING AND DRILL TESTING MULTIPLE QUALITY EXPLORATION PROJECTS THROUGH SELF-FUNDED AND PARTNERED EXPLORATION TSX-V: MRZ OTCPK: MRZLF 46

  47. Slide 47: TSX.V: MRZ OTCPK: MRZLF – For Further Information

    TSX.V: MRZ OTCPK: MRZLF For Further Information: Tim Heenan, President Troy Shultz, VP Investor Relations Tel: (604) 602 9989 Email: contact@mirasolresources.com Website: www.mirasolresources.com TSX-V: MRZ OTCPK: MRZLF Sobek Project, Chile 47

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