Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Investor Presentation (September 2024)
47 slides from Mirasol Resources's investor presentation, September 2024
Slide 1: Mirasol Resources: The Opportunity - Virginia Silver Project
Mirasol Resources “The Opportunity” Virginia Silver Project Santa Cruz, Argentina September 2024
Slide 2: Argentina: the new jurisdiction of choice for silver
Argentina The new jurisdiction of choice for Silver Exploration & Mining This Photo by Unknown Author is licensed under CC BY
Slide 3: Virginia Silver Project - Highlights
Virginia Silver Project - Highlights • 43-101 Compliant Ag-resources of >20M oz Ag, and plenty of room to grow • The Silver rich mineralized wallrock “halo” is currently undergoing advanced innovative metallurgical testing which could potentially double the current resource. Results expected by end
Slide 4: Mirasol Resources Santa Cruz Project Portfolio
Mirasol Resources Santa Cruz Project Portfolio • Virginia Claims package 100% Mirasol owned Chile Argentina Province of Chubut San Jorge Comodoro Rivadavia • 70,000 ha covers the Virginia silver and Santa Rita Silver/Gold Las Heras Oilfield districts Chile Perito San Jose Hochschild/ Province of San
Slide 5: Virginia Project District: Strategy
Virginia Project District : Strategy • Virginia project is located between 170 and 250km from four producing precious metal mines • San Jose – Hochschild/McEwen Mining • Cerro Negro - Newmont • Martha – Patagonia Gold • Manantial Espejo (Recently Closed) – Pan American Silver • Good infrastructure a
Slide 6: Virginia Project Details
ZX MIRASOL “Ss RESOURCES LTD Virginia Project Details
Slide 7: Virginia Project – Exploration History
Virginia Project – Exploration History • January 2024 – initiation of advanced petrology and metallurgical studies on the Virginia halo Virginia District Claims mineralization. Final results anticipated by Dec.2024. • 2004 Mirasol applied for the Santa Rita concessions • 2005 Santa Rita Ag–Au Main z
Slide 8: Virginia Project – Exploration Summary
Virginia Project – Exploration Summary Surface Expression Surface Expression - Virginia district – Approx. 9.3 km of outcropping Julia Central Vein Naty North Vein mineralized epithermal veins - Over 33,500 m of diamond drilling completed to date - Good infrastructure & workable all year round - Met
Slide 9: Virginia Project – Stratigraphy
Virginia Project – Stratigraphy • Virginia silver mineralization spatially associated with sequences of upper- middle Jurassic rhyolite flow domes, aphanitic rhyolite flows and pyroclastics • Mineralization hosted in hematite bearing colloform banded epithermal veins and vein breccias • Total strike
Slide 10: Geology & Rock Chip Sampling
Virginia Project – Geology & Rock Chip Sampling • 7.6 km of outcropping mineralised structures know to date • Continually mineralised at surface • Bonanza grade silver with Pb, As, As signature • Generally low gold content, maximum assays results to 1.12g/t Au, although starting to emerge at depth a
Slide 11: Mineralization Textures
Virginia Project – Mineralization Textures VG-025: vein with bands of greenish cryptocrystalline quartz, sil-hem, VG-017: pulse of yellowish-green quartz with ocherous texture. Completely microcrystalline amethyst quartz, fine sulfides (gln+sph). oxidized iron minerals are also observed. VG-025: pol
Slide 12: Mineralization Textures
Virginia Project – Mineralization Textures VG-042A: fault breccia with vein fragments. VG-068: polymictic hydrothermal breccia (vein fragments>>host rock fragments) with silica-hematite cement cut by white clays fracture fillings. VG-051: vein with cockade and crustiform texture development. VG-123:
Slide 13: Recently discovered Margarita Vein High Grade Mineralization
Virginia Project – Recently discovered Margarita Vein High Grade Mineralization MR-DDH-003: quartz vein with banded and cockade textures. Massive galena bands in the center.
Slide 14: Margarita Mineralization Textures
Virginia Project – Margarita Mineralization Textures HOLE ID FROM TO Ag ppm Au ppm MR-DDH-004 46.4 46.7 18.55 -0.01 MR-DDH-004 46.7 47 45.02 -0.01 MR-DDH-004 47 47.4 73.97 -0.01 MR-DDH-004 47.4 47.7 22.74 -0.01 MR-DDH-004 47.7 48.15 63.3 -0.01 MR-DDH-004 48.15 48.45 20.63 -0.01 MR-DDH-004 48.45 48.7
Slide 15: Mineral Paragenesis
Virginia Project – Mineral Paragenesis The Julia Norte vein shows a complex paragenetic sequence that can be divided into three main events: 1° event of microcrystalline and cryptocrystalline quartz (subordinate crystalline) with banded textures rich in Acanthite (E1). 2° event of crystalline quartz
Slide 16: Ground Magnetics and Gradient IP Chargeability
Virginia Project : Ground Magnetics and Gradient IP Chargeability Gradient array chargeability is useful to identify the haematitic Magnetics is very useful at outlining rhyolitic domes mineralized structure in the main Virginia resource area at the Virginia Project Gradient IP Ground Magnetics Char
Slide 17: New IP-PDP Section Lines
Virginia Project: New IP-PDP Section Lines MNW-DDH-001 Xsection Line MNW-DDH-001 MNW-DDH-001: 9,17m @ 137,44 g/t Ag, including 5,6m @ 193,72 g/t Ag, 1,52m @ 299,74 g/t Ag 150 m Chargeability PDP Cross Section L40050N Gradiente IP de Magnetometría Terrestre Cargabilidad Mirasol Resources, Virginia Si
Slide 18: Open targets at depth in existing and principal veins
Virginia Project: Open targets at depth in the existing and principal veins (drilling over IP chargeability) 18
Slide 19: Best intersections up to date
Virginia Project – Best intersections up to date Target Hole From To Interval Ag ppm Ag Gram Meters Cutoff Target Hole From To Interval Ag ppm Ag Gram Meters Cutoff Julia North VG-017 29 42 13 959.45 12472.90 63 Julia Central VG-050A 37.69 59.9 22.21 294.22 6534.71 63 Including 35.9 42 6.1 1785.13 1
Slide 20: Drilling Overview (2020-2023)
Virginia Project– Drilling Overview (2020-2023) PA-DDH-001: 4,15m @ 80,07 g/t Ag, including 0,35m • 10,247 meters in 70 drillholes testing the @ 163,12 g/t Ag, & 0,55m @ 84,26 g/t Ag & 14,5m @ 48,03 g/t Ag, including 0,5m @ 198,51 g/t Ag Virginia North main and new targets during four phases Targets
Slide 21: Best Drill Intercepts (2020-2023)
Virginia Project– Best Drill Intercepts (2020-2023) Hole From To Interval Ag ppm Ag Gram Meters Cut off PA-DDH-001: 4,15m @ 80,07 g/t Ag, including 0,35m @ 163,12 g/t Ag, & 0,55m @ 84,26 g/t Ag & 14,5m @ Virginia North EC-DDH-005 44.7 55.5 10.8 627.7 6779.2 63 48,03 g/t Ag, including 0,5m @ 198,51 g
Slide 22: Ely Vein Trend Long Section with Grade Shells
Virginia Project – Ely Vein Trend Long Section with interpreted Grade Shells (Cut Off by Ag 63ppm) RockChip Sampled Mapped Vein N Ely North Vein Ely Central Vein Ely South Vein Ag ppm EC-DDH-008 EC-DDH-002 100 EN-DDH-006 VG-183 EC-DDH-011 EC-DDH-010 EC-DDH-012 63 30 Ely North “South Body” Ely North
Slide 23: Margarita Vein Trend Long Section with Grade Shells
Virginia Project – Margarita Vein Trend Long Section with interpreted Grade Shells (Cut Off by Ag 63ppm) N : 10 x 10 x 10m Blocks Margarita Vein Mapped Vein RockChip Sampled MR-DDH-002 Ag ppm 100 NorthWest SouthEast 63 Open Open 30 Target Target MR-DDH-005 MR-DDH-004 MR-DDH-003 MR-DDH-001 MR-DDH-006
Slide 24: Martina Vein Trend Long Section with Grade Shells
Virginia Project – Martina Vein Trend Long Section with interpreted Grade Shells (Cut Off by Ag 63ppm) N VG-122 MSE-DDH-004 VG-124 VG-089A Ag ppm VG-119A VG-094A MC-DDH-001A VG-121 MSE-DDH-003 VG-123 MSE-DDH-002 100 VG-125 VG-093 MNW-DDH-006 MNW-DDH-001 VG-092 MSE-DDH-001 63 MC-DDH-002 MNW-DDH-005A
Slide 25: Virginia Drilling Summary
Virginia Project – Virginia Drilling Summary • 20 targets with mineralized structures have been drilled. • 9 defined vein-breccia hosted silver deposits, including 6 new pits (new Resource Estimate). • 297 diamond drill holes with a total of 33,564m of drilling. • Mineralization extends from surface
Slide 26: Mineral Resource Estimate, New Conceptual Pits
Virginia Resource Area: Mineral Resource Estimate, New Conceptual Pits Patricia Daniela Vein/Breccia Indicated and Inferred 18733 29387 Mineral Resource Tabulation 14247 23357 EN-DDH-002: 11,3m @ 195,55 g/t PA-DDH-001: 4,15m @ 80,07 Ag, including 4m @ 476,09 g/t Ag, g/t Ag, including 0,35m @ 0,95m @
Slide 27: Mineral Resource Estimate, Conceptual Pits Including Halo
Virginia Resource Area: Mineral Resource Estimate, New Conceptual Pits + Including Halo Patricia Daniela 18733 29387 14247 23357 EN-DDH-002: 11,3m @ 195,55 g/t PA-DDH-001: 4,15m @ 80,07 Ag, including 4m @ 476,09 g/t Ag, g/t Ag, including 0,35m @ 0,95m @ 1573,16 g/t Ag 163,12 g/t Ag, & 0,55m @ 84,26
Slide 28: Metallurgical Results – Vein Breccia and Halo
Virginia Metallurgical Results – Vein Breccia and Halo The original metallurgical results for the halo up to 21.2% (poor!!) Current metallurgical studies are focused on improving the halo Ag recovery using highly advanced metallurgical applications. 28
Slide 29: Mineralized Halo - Metallurgical Studies
Virginia Mineralized Halo - Metallurgical Studies Composite – Light Fraction H5 The vein/breccia mineralization has good Ag recovery from conventional methods. The halo mineralization is more complex, with sub- economic silver recoveries. Mirasol is currently doing innovative metallurgical testing t
Slide 30: Halo Mineralogy – Silica encapsulated Ag
Virginia Halo Mineralogy – Silica encapsulated Ag Good Ag Recovery Non-recoverable to date Metallurgical studies will focus on trying to improve this invisible Ag recovery. Non-recoverable to date Good Ag Recovery Caolinita = Kaolinite, Coronadita = Cornodite, Cuarzo = Quartz, Silice Coloidal = Coll
Slide 31: Santa Rita Prospect
CX MIRASOL “~Ss RESOURCES LTD Santa Rita Prospect
Slide 32: Santa Rita Prospect Highlights
Virginia Project – Santa Rita Prospect Highlights • Santa Rita is a more typical low sulphidation Au-Ag epithermal vein system located in a prospective setting along trend from Lejano Project (10.4 Moz Ag Eq) • Santa Rita Main, Santa Rita Central & Santa Rita East located along 070º trending structu
Slide 33: Santa Rita Exploration Summary
Virginia Project – Santa Rita Exploration Summary • Regional interpretation, Stream sediment sampling, Geological mapping • Rock chip sampling including 327 in Santa Rita Main, 83 in Santa Santa Rita Central & Rita East & 63 in Santa Rita Far East Santa Rita East Lejano 10.4 Moz Main • Aster alterat
Slide 34: Santa Rita Main Mineralization
Virginia Project – Santa Rita Main Mineralization • Exploration at Santa Rita Main has defined an open ended 3,500 m long by 500 m wide northwest orientated trend containing mapped breccias & veins of multi-ounce Ag epithermal mineralization generally less than 10 m wide • Mineralization is represen
Slide 35: Santa Rita Main drillings & new drill program
Santa Rita Prospect– Santa Rita Main drillings & new drill program • Previous JV partner completed a 2048.7 m drilling campaign (12 drillholes) over geophysical targets. SANTA RITA EAST 5,86/75,80 • Veinlets & stockwork identified under targets along with SANTA RITA CENTRAL 4,83/92,62 sheeted veins.
Slide 36: Santa Rita Main Prospect– Drilling Program: Conceptual Deep Extensions
Santa Rita Main Prospect– Drilling Program: Conceptual Deep Extensions • Drillhole and surface exploration at Santa Rita Main is interpreted to be within the upper levels of a Ag‐Au base metal epithermal system, considering the low levels of base metals (and High As up to 700ppm), and the presence o
Slide 37: Santa Rita Main Prospect- Downhole Intersections
Santa Rita Main Prospect- Downhole Intersections Cut Off Grade by AgEq75 Down hole intersection at 30 g/t AgEq75 Cutoff Hole_ID From To Interval AgEq75 AgEq75 Gram Meters Ag AuEq75 Au As Pb Zn SRD_01 80.56 88.83 8.27 82.979 686.240 75.725 1.106 0.097 469.863 32.641 17.561 SRD_02 157.01 159.1 2.09 79
Slide 38: Santa Rita East main target
Santa Rita Project– Santa Rita East main target - Multipulse 200m long northeast trending hydrothermal breccia structure up to 5m wide. - Northern sector with a massive and brecciated low temperature silica vein cutting the breccia. View looking NE - Chalcedonic fragments in a saccharoidal with hema
Slide 39: Santa Rita East main target
Santa Rita Project– Santa Rita East main target View looking SW Ground Magnetic RTP Banded- colloform vein fragments in the hydrothermal breccia New channel samples NNE hydrothermal breccia sitting at the edge of a high magnetic anomaly New channel samples 1 to 2.11 by Gold Equivalent Rock Chip Assa
Slide 40: Santa Rita East Principal Cross Section- Proposed drillhole SRE-A
Santa Rita East principal Cross Section- Proposed drillhole SRE-A Santa Rita East Vein Area Santa Rita East Rock Sampling Au- Vein Structure IP-PDP (Chargeability) SRE-A SRE-A Xsection Line SRE-DDH-001: 5,65m at 0,68 g/t Au and 2,5 g/t Ag (0.72 g/t AuEq75), including 1,35m at 1,87 g/t Au and 3,7 g/t
Slide 41: Santa Rita East: principal mineralization pulses
Santa Rita East: principal mineralization pulses Stage 4: quartz- adularia banded colloform vein ( epithermal stage): Stage 2: quartz breccia matrix infill (brecciation stage) Stage 3: Massive to partially Stage 1: Massive chalcedonic Stage 1: Massive chalcedonic banded green quartz vein vein fragme
Slide 42: Santa Rita Central and East Downhole Intersections
Santa Rita Prospect – Santa Rita Central and East Downhole Intersections- Cut Off Grade by Au and AuEq75 Downhole Intersection at 0.1 g/t Au cut off HOLE FROM TO Interval Au Au Gram Meters Downhole Intersection at 0.3 g/t Au cut off SRE-DDH-001 34.65 40.3 5.65 0.683 3.858 SRE-DDH-003 34 37.35 3.35 0
Slide 43: Flecha Rota New Vein Target
Flecha Rota New Vein Target 43
Slide 44: Flecha Rota Prospect Overview
Flecha Rota Prospect Overview 1 to 3.10 by Gold Equivalent Rock Chip Assays 0.25 to 0.5 0.10 to 0.25 Au+Ag/70 0.05 to 0.10 Flecha 0.01 to 0.05 0 to 0.01 Rota BDL to 0 Labelled Rock Chip Results (best 3 RC samples) 0,58 / 176 Santa Rita East Gold (g/t) Silver (g/t) New Rockchips samples 0,57 / 132 Sa
Slide 45: Flecha Rota Prospect
Santa Rita Project– Flecha Rota Prospect View looking SE 1 to 3.10 - NW epithermal trend represented by by Gold Equivalent Rock Chip Assays 0.25 to 0.5 0.10 to 0.25 hydrothermal breccias fault related. Au+Ag/70 0.05 to 0.10 0.01 to 0.05 - Several mineralization stages identified. 0 to 0.01 BDL to 0
Slide 46: Flecha Rota Prospect
Santa Rita Project– Flecha Rota Prospect View looking SE 1 to 3.10 by Gold Equivalent Rock Chip Assays 0.25 to 0.5 0.10 to 0.25 Au+Ag/70 0.05 to 0.10 130°/85° 305°/54° 0.01 to 0.05 0 to 0.01 BDL to 0 Labelled Rock Chip Results (best 3 RC samples) 0,58 / 176 Gold (g/t) Silver (g/t) New Rockchips samp
Slide 47: TSX.V: MRZ OTC: MRZLF - For Further Information
TSX.V: MRZ OTC: MRZLF For Further Information: Tim Heenan, President Troy Shultz, VP Investor Relations Tel: (604) 602 9989 Email: troy.shultz@mirasolresources.com Website: mirasolresources.com Sobek Project, Chile 47
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