Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Investor Presentation (January 2020)
35 slides from Mirasol Resources's investor presentation, January 2020
Slide 1: Focused on Discovery
FOCUSED ON DISCOVERY JANUARY 2020 Looking west-northwest towards Atlas zone of Gorbea.
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: Project Generation and Exploration Company
PROJECT GENERATION AND EXPLORATION COMPANY ATACAMA PUNA GENERATIVE REGION CHILE / ARGENTINA Gold / Silver / Copper Four Partner Funded Projects in Chile Partnered Project Exploration Project Deal Ready / Pipeline Project x2 SANTA CRUZ GENERATIVE REGION Three Advanced Exploration Projects A Portfolio
Slide 4: Focused on Testing High-Quality Exploration Targets
FOCUSED ON TESTING HIGH-QUALITY EXPLORATION TARGETS STRATEGY Self-funding exploration and drilling Partner funded exploration High grade projects Large scale projects Infrastructure advantaged Lower exploration risk & Higher exploration risk More expensive to properly test 4
Slide 5: Projects in Chile
Atacama Puna Generative Antofagasta MRZ-Newcrest PROJECTS IN CHILE Altazor Project Odin Portfolio in Northern Chile – Atacama Puna Region MRZ-FQM World Class Copper / Gold region Coronación Project Escondida Four Option Agreements in Chile El Peñon Taca-Taca • Gorbea – Newcrest Mining • Altazor –
Slide 6: Projects in Argentina
Perito San Jose Hochschild/ Las Heras PROJECTS IN ARGENTINA Moreno McEwen Mining Cerro Negro Portfolio in Santa Cruz Province Newmont A Mining Province with 7 Operating Mines Fitzroy Mirasol Funded Exploration Projects Bajo Virginia Caracoles La Curva • Sascha Marcelina Puerto Sascha-Marcelina Des
Slide 7: Mirasol Funded Exploration
Mirasol Funded Exploration 7
Slide 8: Los Amarillos
Atacama Puna Los Amarillos Low Sulfidation Epithermal Generative Antofagasta Gold and Silver Project Escondida • Package consolidated in June 2019 El Peñon Taca-Taca • Rare opportunity in Chile – high grade Au/Ag at surface, near infrastructure and with no evidence of previous drilling • Trenching a
Slide 9: Infrastructure Advantaged
Infrastructure Advantaged Main Access Road Water Pipeline & Power Mirasol Antofagasta • Near Existing Mine and Smelter: 10 km Amarillos Project northwest of El Salvador mine and the Potrerillos smelter • Power and water lines traverse the northern edge of the claim block MRZ JV Funded Exploration El
Slide 10: Outstanding Rock Chip Results
Rock Chip Gold g/t Rock Chip Silver g/t 366 Outstanding Rock Chip 900 x 140m outcropping 572 Results vein/breccia stockwork 543 167 zone • Sampling of quartz veins have returned high grade gold assays with 199 24.2 anomalous antimony, Zone of high-grade Au/Ag Epithermal 39.3 arsenic, and barium vein
Slide 11: Los Amarillos Next Steps
Los Amarillos LSE Gold and Silver Project NEXT STEPS • Trenching program (ongoing) • IP geophysics (ongoing) • Drilling – Q2 2020 11
Slide 12: Inca Gold
Atacama Puna Generative Antofagasta Inca Gold Intermediate Sulfidation Epithermal Gold and Silver Project Escondida El Peñon Taca-Taca • January 2020 agreement with Newmont • Leveraging exploration expenditures to gain exposure to a large epithermal system • Year-round access and near infrastructure
Slide 13: Mirasol's commitment: 1,000m drill program; Newmont option deal
• Mirasol earn-in for 100% over 5 years (subject to 1.5% NSR) • Drilling 1,000m over 2 years; and • Incurring US$3M in exploration expenditures over 5 years Deal Structure • Newmont back-in right for 70% in 2 stages, over 6 years: • Paying in cash US$3M to Mirasol; and • Delivering PFS or additional
Slide 14: Multiple Prospects
Inca North Target (Au) Vania Target (Au-Cu) Multiple Prospects • Initial focus on to be on Sandra target that hosts Guerda Target thick outcropping (Au) epithermal veins Rincon Target (Cu-Au) Inca de Oro Sandra Target (Ag-Au) % 2 km San Pedro Background: Bing Image © 2019 Microsoft Corporation © 201
Slide 15: Sandra Target Area
Ag Au Inca IncaGold GoldClaims ClaimsBoundary Boundary Veins Veins Structures Structures Rock Chip Ag (ppm) Rock Chip Au (ppm) Sandra Target Area • 5 subparallel trend recognized < over 2.5 x 4 km area < • Vein trend over 1.2 km • Sheeted vein zones up to 20m Sandra Target (Ag-Au) Additional surfa
Slide 16: Inca Gold Next Steps
Inca Gold ISE Gold and Silver Project NEXT STEPS • Systematic mapping and sampling • IP geophysics • Permitting • Drilling 16
Slide 17: Partner Funded Exploration
Partner Funded Exploration 17
Slide 18: Option to JV Agreements and MOU
Option to JV Agreements MOU Gorbea Nord 51% 65% 75% 85% NSR royalty US$500k Expl. Commitment US$ 19M Exploration Expenditures PEA option MRZ 15% FS US$3M in Option Payments US$600k option payments ($100k paid) $650k cash MRZ 25% Signing: US$50k | Y1: US$200k | Y2: US$400k | Y3: US$600k | 6 years 1 y
Slide 19: Gorbea
Atacama Puna Gorbea Antofagasta High Sulfidation Epithermal Generative Gold Project • Large land package with 9 claim blocks incl. Atlas /Titan Escondida El Peñon Taca-Taca • Previous partner spent CA$10M on properties and drilled 11,640 m • Presence of an oxidized and mineralized HSE gold MRZ-Newcr
Slide 20: Newcrest continues to hit long intervals of alteration and mineralization
Fox ATL-DH-005 Breccia DH20 Atlas DH23 164m at 0.52 g/t Au Gold Inc. 14m at 1.07 g/t AuDH08 Zone DH02 DH18 and 16.5m at 1.31 g/t Au ATL-DH-003A DH16 DH19 • Newcrest continues to hit DH01 ATL-DH-002 114.1m at 1.07 g/t Au long intervals of alteration DH24 Inc. 36m at 2.49 g/t Au DH10 DH07 Steam Heated
Slide 21: Gorbea Next Steps
Gorbea HSE Gold Project NEXT STEPS • Drilling ongoing • Receipt of further Results • Detailed interpretation 21
Slide 22: Altazor
Atacama Puna Generative Antofagasta MRZ-Newcrest Altazor Altazor Project HSE Gold Project Escondida • NCM continues working on community consultation to El Peñon Taca-Taca gain support for planned exploration activities. • Governmental drill permitting completed. • The 2,250m drill program planned l
Slide 23: 2017/2018 Altazor Surface Program Delivered Compelling Results
Centinela East Strong outcropping alteration Interpreted extent of alteration zone beneath cover 2017/2018 Altazor Surface Program Delivered La Puerta open Compelling Results Purichari open • Extensive (75km2) alteration including steam Sulfuros heated cap, silicification and local vuggy open quartz
Slide 24: Coronación
Atacama Puna Generative Antofagasta MRZ-FQM Coronación Coronación Project HSE / Porphyry Copper Gold Project • Option Agreement with First Quantum Minerals signed in Escondida El Peñon October 2019 Taca-Taca • Targeting large scale Porphyry and/or HSE systems • Located on major N-W structural trend
Slide 25: Surface work at Coronación indicates HSE or porphyry potential
Incipient Vuggy Silica Coronación Project 1,200 ha Mirasol’s surface work at Coronación Au / Ag indicates potential for HSE or Porphyry High Sulfidation Cu / Mo Epithermal system: Porphyry Target Target • Advanced argillic lithocap (alunite/jarosite) alteration developed in the east HSE style alte
Slide 26: Coronación Next Steps
Coronación HSE / Porphyry Copper Gold Project NEXT STEPS • Receipt of surface sampling and geophysical surveys results • Community Engagement Process • Drilling 26
Slide 27: Nord
Atacama Puna Generative Antofagasta Nord Polymetallic / Epithermal / Porphyry Project • MOU to option project to Mineria Activa – October 2019 Escondida El Peñon • Mineria Activa is a Chilean, mining focused private equity Taca-Taca fund, developing the adjacent project • Exploration to focus on pot
Slide 28: Nord and Nearby Projects
Exploradora - CODELCO Porphyry Deposit Nord Project 1,967 ha Ciclon - Exploradora Polymetallic Epithermal Deposit Mineria Activa Properties Nord and Nearby Projects 28
Slide 29: Deal Ready Project
Deal Ready Project MIRASOL RESOURCES LTD
Slide 30: Sascha Marcelina
Sascha Marcelina San Jose Hochschild/ Las Heras LSE Gold and Silver Project Perito Moreno McEwen Mining Cerro Negro Newmont Goldcorp • Underexplored district: consolidated for the first time in early 2019 • Located 100 km south of Newmont Goldcorp’s Cerro Negro mine and displaying similar geologic a
Slide 31: Sascha Marcelina Property Overview
Cerro Negro Jurassic volcanics Chile Sascha Marcelina Sascha - Argentin a Property Overview Cerro Marcelina Morro Santa Cruz Cerro Provin Mina Vanguardia ce Martha Manantial Espejo 50km All Samples Au Ag Estancia and Igloo Trend Marcelina MaxClaims Value 27.7 g/t 121 g/t Sascha MarcelinaNew Rock Chi
Slide 32: Sascha Marcelina - Estancia Trend
Silica Cap Estancia Vein trend may continue under basalt Sascha Marcelina - Estancia Trend Norte Zone to the NW ? Jurassic • N-W structure hosting veins, veinlets and Volcanics stockworks, over more than 3 km 1.86 / 15.7 Estancia Post-mineral gravel cover • Estancia South: Deepest level of erosion,
Slide 33: Activities and News Flow
ACTIVITIES AND NEWS FLOW Mirasol funded exploration programs • Chile: • Los Amarillos – Trenching to be followed by drilling • Inca Gold – Surface sampling, geophysics and drilling Multiple partner funded drilling and exploration programs • Chile: Gorbea (Drilling ongoing), Coronación, Altazor,
Slide 34: Conservative Share Structure
Significant Insider Ownership Conservative Share Structure 54 M Shares Outstanding 62 M Shares Fully Diluted Insiders HNW and 28% Well Funded Retail Investors 47% C$ 20 M as at Sept 30, 2019 Institutional Investors 26% Market Capitalization C$ 28 M 34
Slide 35: TSX.V: MRZ
TSX.V: MRZ For Further Information: Norm Pitcher, President & CEO Jonathan Rosset, VP Corp. Development www.mirasolresources.com Atena View, Mio-Pliocene Belt, Chile 35
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