Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Investor Presentation (November 2019)
27 slides from Mirasol Resources's investor presentation, November 2019
Slide 1: Focused on Discovery
Focused on Discovery NOVEMBER 2019 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: Who We Are
Who We Are PROJECT GENERATION AND EXPLORATION COMPANY • Established in 2003 and listed on TSX.V in 2005 • Well-funded with ~$19 M cash* • Experienced team with offices in Vancouver, Santiago and Mendoza • Decades of experience in Chile and Argentina in a variety of geological terrains and deposit ty
Slide 4: What We Do
What We Do DEVELOP AND TEST HIGH QUALITY EXPLORATION TARGETS Exploration Strategy Self-funding exploration and drilling • High grade projects • Infrastructure advantaged Altazor Project Rock Chip Sampling • Lower exploration risk Partner funded exploration • Large scale projects • Higher exploration
Slide 5: What We Have - Extensive Portfolio
What We Have - Extensive Portfolio Five Partner Funded Projects in Chile Gorbea – Newcrest Mining (HSE) ATACAMA PUNA GENERATIVE REGION Altazor – Newcrest Mining (HSE) Coronación – First Quantum Minerals (HSE / Porphyry) Indra – Hochschild Mining (LSE) Nord (MOU) – Mineria Activa (Polymetallic / Epit
Slide 6: Projects in Chile
Projects in Chile Paleocene Au + Ag Oligocene Cu Mio-Pliocene Au + Cu 5 Projects / 29,000 ha* 4 Projects / 38,000 ha* 12 Projects / 117,000 ha* Antofagasta Iquique Five Options to Joint Venture in Chile ALTAZOR - INDRA - El Penon Chuquicamata Cluster CORONACIÓN - FQM Newcrest Mining • Gorbea – Newcr
Slide 7: Projects in Argentina
Projects in Argentina Las Heras Perito San Jose Hochschild/ Extensive Portfolio in Santa Cruz – Moreno McEwen Mining A Mining Province with 7 Operating Mines Cerro Negro Goldcorp Fitzroy Mirasol Funded Exploration Program • Sascha-Marcelina Bajo Virginia Deal Ready and Pipeline Projects Caracoles La
Slide 8: Partner Funded Exploration
Partner Funded Exploration 8
Slide 9: Gorbea - HSE Gold Project
Gorbea - HSE Gold Project Atacama • Large land package with 9 claim blocks totaling 23,080 ha (incl. Atlas /Titan) Puna Generative • Previous partner spent CA$10M on properties and drilled 11,640 m • Presence of an oxidized and mineralized HSE gold system confirmed • NCM is following up on previous
Slide 10: Gorbea Atlas Zone Drill Holes
Fox ATL-DH-04 Breccia DH23 DH20 Atlas DH08 Gold DH18 ATL-DH-03 DH02 Zone DH19 DH01 DH16 ATL-DH-02 DH24 DH10 DH07 114.1m at 1.07 g/t Au 59m @ 0.39 g/t Au DH15 Inc. 36m at 2.49 g/t Au Inc. 13m at 1.1 g/t Au DH21 ATL-DH-01 DH25 To be redrilled Steam Heated DH17 Zone Breccia Dacitic Domes and DH14 DH04
Slide 11: Altazor - HSE Gold Project
Altazor - HSE Gold Project • Targeting a multi-million ounce HSE gold deposit Atacama Puna Generative • Drill permitting completed. NCM is finalizing community consultation process • 2,250m drill program planned to start this year with additional in-fill Altazor JV Newcrest Mining CSAMT geophysics A
Slide 12: 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 13: Coronación – HSE / Porphyry Copper Gold Project
Coronación – HSE / Porphyry Copper Gold Project Atacama Puna Generative • New Option Agreement with First Quantum Minerals – October 2019 • Targeting large scale Porphyry or HSE systems • Located on major N-W structural trend associated with several porphyry deposits (Taca Taca, Escondida) Coronació
Slide 14: Initial surface work at Coronación
Incipient Vuggy Silica Coronación Project 1,200 ha Initial 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 altera
Slide 15: Nord – Polymetallic / Epithermal / Porphyry Project
Nord – Polymetallic / Epithermal / Porphyry Project • MOU to option project to Mineria Activa – October 2019 Atacama Puna Generative • Mineria Activa is a Chilean, mining focused private equity fund, developing the adjacent Ciclon-Exploradora Project • Exploration to focus on potential extensions an
Slide 16: 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 16
Slide 17: Indra – LSE Gold and Silver Project
Indra – LSE Gold and Silver Project Atacama Puna Generative • 6 holes, 1,685m drill program completed targeting depth extension of the carbonate veins mapped and sampled at surface • Conceptual target, interpreted as the upper levels of an epithermal system • No mineralization encountered Antofagast
Slide 18: Mirasol Funded Exploration
Mirasol Funded Exploration 18
Slide 19: Los Amarillos – LSE Gold and Silver Project
Los Amarillos – LSE Gold and Silver Project Atacama • Package consolidated in June 2019 Puna Generative • Rare opportunity in Chile – high grade Au/Ag at surface, near infrastructure and with no evidence of previous drilling • Permitting for a trenching program initiated to better understand continu
Slide 20: Mirasol Amarillos Project
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 21: 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 22: Property Wide Geophysical MAG Survey
N Outcropping vein/breccia stockwork zone Property Wide Strong association between Geophysical MAG Survey mineralization and N-S through ? going structures. Mineralized structures transect magnetic domains. • Ground magnetics survey at 50m line spacing resulting in high-density magnetic ? informatio
Slide 23: Sascha-Marcelina – LSE Gold and Silver Project
Sascha-Marcelina – LSE Gold and Silver Project Las Heras • Underexplored district: consolidated for the first time in early 2019 San Jose Perito Moreno Hochschild/ McEwen Mining • Located 100 km south of Newmont Goldcorp’s Cerro Negro mine and displaying similar geologic and geomorphic settings Cerr
Slide 24: Sascha Marcelina Property Overview
Cerro Jurassic Chile Sascha Marcelina Negro volcanics Sascha - Argentin a Property Overview Cerro Marcelina Morro Santa Cruz Cerro Provin ce Mina Vanguardia Martha Manantial Espejo 50km All Samples Au Ag Estancia and Igloo Trend Max Value 27.7 g/t 121 g/t Sascha MarcelinaNew Rock Chip Assays Claims
Slide 25: 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 26: Activities and News Flow from Planned FY 2020 Programs
Activities and News Flow from Planned FY 2020 Programs → Multiple partner funded drilling and exploration programs • Chile: Gorbea, Altazor, Coronación, Nord, Indra → Mirasol funded exploration programs • Argentina: Sascha Marcelina – IP interpretation, follow up sampling, and drill targeting • Chil
Slide 27: 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 27
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