Slide 1: Mirasol: New Discoveries & New Horizons
Mirasol: New Discoveries & New Horizons – Realized Value from Joaquin Discovery and Rapidly Advancing New Discoveries in Chile Mary Little, President and CEO Precious Metals Summit, Colorado September 18-20, 2013 Presentation: 9:15 a.m. Friday Sept. 20, 2013 in Room 2 TSX-V: MRZ mirasolresources.com
Slide 2: Cautionary Statement
MIRASOL RESOURCES TSX-V: MRZ Cautionary Statement This presentation contains historical and forward-looking statements. The forward-looking statements involve risks and uncertainties particularly with respect to project risks. Forward looking statements appearing in this presentation represent manag
Slide 3: Mirasol Investment Highlights
New Discoveries & New Horizons Mirasol Investment Highlights • Track Record: Explorer partner of choice • Monetized project generation success with sale of Joaquin silver-gold project for US$60M in cash and stock (value of US$1.36 per share) • Advancing pipeline of organic discoveries: Titan and Atl
Slide 4: Conservative Capital Structure
Conservative Capital Structure Delivering Value to Shareholders Ticker Symbol TSX-V: MRZ Frankfurt: M8R Shares Outstanding (August 31, 2013) 44,218,461 Options 3,757,800 Warrants1 2,200,000 Fully Diluted Shares (August 31, 2013) 50,113,461 52-week Low/High C$1.07/C$2.70 Market Capitalization2 C$55.3
Slide 5: Past Year MRZ Performance
Past Year MRZ Performance In precious metal uptick periods, MRZ outperforms Market Vectors Jr. Gold Miners ETF (GDXJ) 50-day MRZ +25% moving avg. from 52-wk low GDXJ Strong gold & silver prices at $1,600+ and $30+, respectively Gold & silver prices recovering MRZ offers precious metal investing leve
Slide 6: Management and Board
New Discoveries – New Horizons Management and Board Mary L. Little, President, CEO, Director and Founder – M.Sc., MBA, 25+ years as CEO, geologist, analyst and country manager for major mining companies, 15 years in South America. Stephen C. Nano, V.P. Exploration and Founder, B.Sc. (Hons.) – 25+ ye
Slide 7: Joaquin Silver Sale to Coeur – US$60 Million
Joaquin Silver Sale to Coeur – US$60 Million Announced Dec. 11, 2012 - Closed Dec. 21, 2012 • Strategy: Divested project in Argentina to balance geo-political risk focusing on Chile and securing long-term exploration funding • Efficient Execution: Quick execution of deal. 11 days from announcement t
Slide 8: Joaquin Sale: Recent Comparable Deals
Joaquin Sale: Recent Comparable Deals Price US$/oz Ag Date Target Project Seller Acquirer % Owned (US$ M) Equivalent 8/31/2011 ECU, Mexico ECU Golden Minerals 100% 312 0.79 San Jose Mine, 1/20/2012 Minera Andes U.S. Gold 49% 763 0.31 Mexico Cerro Moro, 8/22/2012 Extorre Yamana Gold 100% 402 1.89 Arg
Slide 9: Mirasol Strategy & Focus
Mirasol Strategy & Focus Unique position: Cash and marketable securities of approx. US$45M & primed with large portfolio of high calibre projects Major producers continue to do JV’s on quality projects Delivering returns from the project generator JV business model Mirasol Chile Remain focused on a
Slide 10: MRZ's Project Pipeline – Realizing Value
MRZ’s Project Pipeline – Realizing Value De-risking and increasing confidence Design: Final Mine Drill Definition Resource Detection Drill Ready PEA/Pre- feasibility Development Definition feasibility • 7 other • Titan • Rubi JV2 • Virginia • Joaquin – sold projects in • Atlas • Claudia at year-end
Slide 11: Chile: Mio-Pliocene Arc / Rubi
Chile: Mio-Pliocene Arc / Rubi
Slide 12: Mirasol Chile: Mio-Pliocene Arc Generative Program
Mirasol Chile : Mio-Pliocene Arc Generative Program • Re-entered Chile 3 years ago after initial 2006 acquisition of Rubi copper-porphyry target • Diversify sovereign and geological risks – Giant Mio-Pliocene gold deposits • Discovery of the Atlas gold-silver target Atlas & Titan b and Titan gold sy
Slide 13: Rubi Copper-Gold Project: Advancing Under New JV with First Quantum
Rubi Copper-Gold Project: Advancing Under New JV with First Quantum • Strategy: Achieved another JV with a senior partner to accelerate project advancement on Mirasol’s 100% owned Rubi property • Terms with First Quantum: – First Quantum to invest US$6.5 million in exploration over 4 years to earn 5
Slide 14: Titan Gold Project, Chile
Titan Gold Project, Chile
Slide 15: Titan Project: Attractive Attributes
Titan Project: Attractive Attributes • Interest: 100% MRZ • Location: Favorable access and logistics – 4,200 meters elevation • Size: 5,500 hectares • Background: Titan was the first of several gold properties discovered in new, emerging area • Structure: Trenching results indicated large gold anoma
Slide 16: Titan Alteration in trenches
Titan Alteration in trenches Titan Project Trenches RC Drilling at Titan Project MRZ: TSV-V 16
Slide 17: Titan Project Gold Trench Results
Titan Project Gold Trench Results – Original Sampling at 0.1 g/t Au Cut-off. • Large high-sulfidation epithermal (HSE) gold system • New gold belt? • Large surface foot print • Dual target HSE / porphyry copper suggested MRZ: TSV-V 17
Slide 18: Titan Project: Ground Magnetics
Titan Project: Ground Magnetics MRZ: TSV-V 18
Slide 19: Atlas Gold-Silver Project, Chile
Atlas Gold-Silver Project, Chile
Slide 20: Atlas Project: Positive Results
Atlas Project: Positive Results • Interest: 100% • Location: 10 km north of Titan • Size: 7,500 hectares • Background: Second high sulfidation epithermal gold system in the Titan-Atlas district • Structure: Large high sulfidation alteration signature. • Evidence of “vuggy silica” and silica-alunite
Slide 21: Atlas Gold-Silver Project: ASTER
Atlas Gold-Silver Project: ASTER MRZ: TSV-V 21
Slide 22: Claudia Gold Project, Argentina
Claudia Gold Project, Argentina
Slide 23: Santa Cruz Exploration activity Oct 2012- May 2013
Santa Cruz Exploration activity Oct 2012- May 2013 Virginia-Santa Rita: • Metallurgical studies in progress • Independent code compliant within pit resource – in progress • Property reconnaissance Claudia: • +3,000m Trenching Program: Curahue, Alien & Rio Seco targets • Project-level data analysis &
Slide 24: Claudia Gold Project – Extension of Cerro Vanguardia
Claudia Gold Project – Extension of Cerro Vanguardia, a world class vein system Anglogold Ashanti’s CLAUDIA: Extension of Vanguardia Mine Anglogold Ashanti’s Cerro Vanguardia Vein Mine: • Global resource of 8.1 Moz gold & 117 Moz silver • Mineable resources 4.46 M Oz gold & 94 Moz silver • Profitabl
Slide 25: Claudia Rio Seco drilling Loma Alta Section
Claudia Rio Seco drilling Loma Alta Section Veins developed at top of productive Chon Aike Fm – preserved Vein texture & alteration mineralogy consistent with top of system Gram meter Au Eq intersections point to higher wide shoot at depth MRZ: TSV-V 25
Slide 26: Claudia – Curahue and Curahue South
Claudia – Curahue and Curahue South New geochemical results in vein float New IP Gradient Array Survey in progress to identify covered source. New veins identified MRZ: TSV-V 26
Slide 27: La Curva, Argentina
MIRASOL RESOURCES LTD
Slide 28: La Curva Project Geological Interpretation – District Setting
La Curva Project Geological Interpretation – District Setting Mirasol La Curva Claims Falcon Best Intersection 53m @ 1.12 g/t Au & 30 g/t Ag La Curva West Co. Chato Las Calandria 11.84Mt @ 1.2 g/t SW Target Loma Au Arthur & 17 g/t Ag Fomicruz Cerro Chato b.d.l • La Curva gold district interpreted as
Slide 29: Mirasol: 2013-14 Investment Drivers
Mirasol: 2013-14 Investment Drivers • Adding value to “Head Line” projects • Rubi copper-gold JV, Chile – Advancing with up to US$6.5M in exploration expenditure by partner • Atlas gold-silver project, Chile – Following up on positive trenching results • Titan gold project, Chile – Preparing for dri
Slide 30: Appendix
MIRASOL RESOURCES LTD
Slide 31: Joaquin Silver Project Sold to Coeur
Joaquin Silver Project Sold to Coeur • Initial Mirasol generative exploration discovery – 2004-2005 • Mirasol / Coeur Mining JV formed – 2007 • Coeur vested 51% interest – Nov. 2010 Coeur was earning-in to 61% for Bankable Feasibility (est. 2013) • Two zones identified, La Morocha & La Negra demonst
Slide 32: Codelco's Rubi Project, Chile
Codelco’s 1 Rubi Project, Chile El Salvador Regional Setting & Aster Alteration Mine 1. Codelco’s El Salvador Cu Mine. Phyllic Argillic Alteration. 12.2 Mt Cu 3.2 Moz Au Codelco Porphyry 2. Lithocap Target Advanced Argillic Alteration Cu-Mo-Au 2 3. Portezuelo Prospect Argillic-Phyllic Alteration Cu-
Slide 33: Claudia Project: Curahue prospect overview
Claudia Project: Curahue prospect overview on gradient array resistivity 10 km long resistive - chargeable trend / coincident epithermal block & veinlet trends / gold & silver assays Epithermal Cobble Terrace Epithermal Cobble Terrace MRZ: TSV-V 33