Mirasol Resources Ltd · TSXV:MRZ

Mirasol Resources — Investor Presentation (April 2021)

29 slides from Mirasol Resources's investor presentation, April 2021

  1. Slide 1: Focused on Discovery

    FOCUSED ON DISCOVERY TSX-V: MRZ OTCPK: MRZLF APRIL 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$13 million in generation community projects c

  4. Slide 4: Board of Directors

    Board of Directors Patrick Evans Diane Nicolson Executive Chair 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 mining

  5. Slide 5: Management Team

    Management Team Tim Heenan Mathew Lee President Chief Financial Officer  Over 30 years of exploration  Chartered Professional Accountant experience in Central and  Over 10 years of experience with South America public and private companies  Involved in several high- including mining and financia

  6. Slide 6: 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

  7. Slide 7: Share Structure and Treasury

    Share Structure and Treasury Shares Shares Fully Market Conservative Outstanding Diluted Capitalization Share Structure 54 M 59 M ~C$ 30M Cash Shares Well Funded ~C$13M ~C$ 0.7M (3.7 million shares of SAND at ~$0.19)  Insiders holding: 28%  Share buy-back program initiated in October 2020 TSX-V: M

  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 Seven partner-funded projects Nord Coronación Strong pipeline of projects available for Status: Option to Status: Optioned to First partnership Encantada (Chile) Quant

  9. Slide 9: Project Portfolio Status

    Project Portfolio Status 2021: More than 15,000m of drilling planned on 7 projects Status Plan for 2021 Inca Gold  Drilling program completed  1,500m drilling program Q1 Sascha  Drilling program has commenced  2,600m drilling program Q2 M Marcelina R Virginia  Drilling program ongoing  2,700m

  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 Sandra Prospect  Three targets have been drill tested among the seven zones of veining and anomalous geochemistry outlined within the prospect Q1 2021 Drill Targets Overview  Lomo Ballena: cumulative vein, veinlets and stockwork reach up to 15m in width, with indivi

  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 Q2 2021 Estancia Pellegrini Igloo 8 holes 4 holes 3 holes 1,375m 775m 450m Multiple prospects identified and interpreted to show the different levels of an LSE Au/Ag system  Drilling is focusing on Estancia, Pellegrini and Igloo prospects: 

  15. Slide 15: Sascha Marcelina – Exploration Program

    Sascha Marcelina – Exploration Program Silica Cap Estancia Vein trend may Norte Zone continue under basalt to the NW Estancia Target:  N-W structure hosting veins, veinlets and stockworks, over more ? than 3 km, with coincident IP ground geophysical anomalies Jurassic Volcanics  Estancia South: De

  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 II drilling progr

  17. Slide 17: Virginia – Exploration Program

    Virginia – Exploration Program Santa Santa Rita 3,100m Phase II drill program completed Rita East 28.75m at 51.45 g/t Ag, Main incl. 1.1m at 250.06 g/t Ag  Test gaps and extensions of the principal Virginia veins  Follow-up and drill down dip and adjacent Virginia Extension to some of the drill ho

  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: 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 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 6.5 years 1

  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: Homenaje

    Homenaje 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 Partner  Patagonia Go

  29. Slide 29: 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 Coronación Project, Chile 29

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