Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Investor Presentation (June 2020)
33 slides from Mirasol Resources's investor presentation, June 2020
Slide 1: Focused on Discovery
FOCUSED ON DISCOVERY JUNE 2020 Gorbea Project, Chile
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 Five Partner Funded Projects Earn-in to Joint Venture Option to Purchase Partnered Project Exploration Project Deal Ready / x2 Pipeline Project SANTA CRUZ GENERATIVE REGION One Mirasol
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
PROJECTS IN ARGENTINA Perito San Jose Las Heras Chile Portfolio in Santa Cruz Province Moreno Hochschild/ McEwen Mining A Mining Province with 7 Operating Mines Argentina Cerro Negro Newmont Option Agreement in Argentina Fitzroy Santa Cruz MRZ- Silver Province Sands Resources • Virginia – Silver S
Slide 7: Mirasol Funded Exploration
Mirasol Funded Exploration Inca Gold Project, Chile 7
Slide 8: Inca Gold
Atacama Puna Generative Antofagasta Inca Gold Intermediate Sulfidation Epithermal Gold and Silver Project Escondida • January 2020 agreement with Newmont El Peñon Taca-Taca • Leveraging exploration expenditures to gain exposure to a large epithermal system • Year-round access and near infrastructure
Slide 9: Newmont deal structure and Mirasol's drill commitment
• 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 10: Multiple Prospects
Inca North Target (Au) Vania Target (Au-Cu) Multiple Prospects • Large scale land package • 5 prospects identified to date Guerda Target • Initial focus on to be on Sandra (Au) target that hosts thick outcropping epithermal veins Rincon Target (Cu-Au) Inca de Oro Sandra Target (Ag-Au) % 2 km San Ped
Slide 11: 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 12: Inca Gold Next Steps
Inca Gold ISE Gold and Silver Project NEXT STEPS • Systematic mapping and sampling • IP geophysics • Permitting • Drilling 12
Slide 13: Partner Funded Exploration
Partner Funded Exploration Gorbea Project, Chile 13
Slide 14: Option to Joint Venture / Option to Purchase
Option to Joint Venture Option to Purchase Virginia – Golden Opportunity Gorbea - Newcrest 51% 65% 75% 85% NSR royalty US$1M Expl. Commitment >US$ 19M Exploration Expenditures PEA option MRZ 15% 19.9% of the S/O after US$6M in expenditures FS US$600k option payments ($100k paid) $650k cash MRZ 25% A
Slide 15: 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 • Mirasol’s partners have spent >CA$20M on properties and drilled approx. 16,000 m • Presence of an oxidized and mineralized HS
Slide 16: Drilling Map 2019/2020 and Cross Section
Drilling Map 2019/2020 Cross Section • Newcrest continues to hit long intervals of alteration and mineralization • Untested gaps remaining that can potentially host higher-grade zones • Regional targets to also be tested (El Dorado Prospect) 16
Slide 17: Gorbea Next Steps
Gorbea HSE Gold Project NEXT STEPS • Detailed interpretation and drill targeting • 2020/2021 Drill program and regional exploration 17
Slide 18: Altazor
Atacama Puna Generative Antofagasta MRZ-Newcrest Altazor Altazor Project HSE Gold Project • Large land package with multiple drill targets defined Escondida • Targeting a multi-million ounce HSE gold deposit El Peñon Taca-Taca • NCM is working on community consultation to gain support for planned ex
Slide 19: 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 20: 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 21: Surface work indicates potential for HSE or Porphyry system
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 22: Coronación Next Steps
Coronación HSE / Porphyry Copper Gold Project NEXT STEPS • Community Engagement Process • Drilling 22
Slide 23: 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 24: Nord and Nearby Projects
Exploradora - CODELCO Porphyry Deposit Nord Project 1,967 ha Ciclon - Exploradora Polymetallic Epithermal Deposit Nord and Nearby Projects Mineria Activa Properties 24
Slide 25: Virginia
Virginia LSE Silver Project Chile Las Heras San Jose Perito Hochschild/ Moreno McEwen Mining Argentina • Option to Purchase agreement executed in May 2020, with Silver Sands Cerro Negro Newmont Santa Cruz Resources Corp. closing oversubscribed, $2.2M private placement Province • Well-funded to aggre
Slide 26: Exploration Upside
Exploration Upside • High grade rock chip assays suggest potential for multiple new silver vein trends • Mirasol previously prospected 1/3 of new claims area identifying areas with high grade silver subcrop and Magi aligned float blocks Drill ready targets identified Conceptual pit outlines from V
Slide 27: Deal Ready Project
Deal Ready Project MIRASOL RESOURCES LTD
Slide 28: Sascha Marcelina
Sascha Marcelina LSE Gold and Silver Project Chile Las Heras San Jose Perito Hochschild/ Moreno McEwen Mining Argentina Cerro Negro Newmont Santa Cruz Province • Underexplored district: consolidated for the first time in early 2019 • Located 100 km south of Newmont’s Cerro Negro mine and displaying
Slide 29: 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 30: 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 31: Activities and News Flow
ACTIVITIES AND NEWS FLOW Mirasol funded exploration programs • Chile: • Inca Gold – Surface sampling, geophysics and drilling Multiple partner funded drilling and exploration programs • Chile: Gorbea, Coronación, Altazor, Nord • Argentina: Virginia surface exploration and drilling Business Dev
Slide 32: Significant Insider Ownership, Conservative Share Structure
Significant Insider Ownership Conservative Share Structure 54 M Shares Outstanding 59 M Shares Fully Diluted Insiders 28% HNW and Retail Well Funded C$ 17 M as at March 31, 2020 Investors 46% Institutional Investors 26% Market Capitalization C$ 23 M 32
Slide 33: TSX.V: MRZ
TSX.V: MRZ For Further Information: Norm Pitcher, President & CEO Jonathan Rosset, VP Corp. Development www.mirasolresources.com Coronación Project, Chile 33
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