Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Corporate Update (December 2021)
25 slides from Mirasol Resources's corporate update, Dec 7, 2021
Slide 1: Focused on Discovery – Webinar Presentation
FOCUSED ON DISCOVERY WEBINAR TSX-V: MRZ PRESENTATION Gorbea Project, Chile OTCPK: MRZLF DECEMBER 2021
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 Portfolio Overview
Project Portfolio Overview Atacama Puna Program Three Mirasol-funded projects Atacama Puna Seven partner-funded projects Strong pipeline of early and mid-stage projects Exploration Partners Encantada SpA TSX-V: MRZ OTCPK: MRZLF 3
Slide 4: Share Structure and Treasury
Share Structure and Treasury Shares Shares Fully Market Conservative Outstanding Diluted Capitalization Share Structure 54M 59M ~C$25M Cash Shares Well Funded ~C$9.5M ~C$1M (6.55 million shares of CSE:SAND at $0.15) ➢ Insiders Holding: 28% Cash position as at September 30, 2021 TSX-V: MRZ OTCPK: MRZ
Slide 5: Project Portfolio – Activities Overview
Project Portfolio – Activities Overview M Sascha Marcelina Deep penetrating IP geophysics / 450m follow-up drill hole I Inca Gold Reconnaissance work on Vania prospect R A Sobek Airborne survey completed; Maiden reconnaissance program S O Virginia ~2,900m Phase III drill program L Rubi Deep-sensing
Slide 6: Mirasol Flagship Projects
Atacama Puna Altazor Sobek Mirasol Flagship Projects Sascha Marcelina TSX-V: MRZ OTCPK: MRZLF 6
Slide 7: Flagship Project – Sascha Marcelina, Argentina
Flagship Project – Sascha Marcelina, Argentina Project ▪ Santa Cruz, Argentina Overview ▪ Low sulfidation epithermal (LSE) gold-silver property ▪ 30,600 ha - Elevation of 800 ASL ▪ 100 km south to Newmont’s Cerro Negro mine Ownership ▪ 24,900 ha owned by Mirasol, 5,700 ha under an option to purchase
Slide 8: Sascha Marcelina – Maiden Drill Program
Sascha Marcelina – Maiden Drill Program Pellegrini Target: Best result from the 2021 program 20.4m at 0.24 g/t Au and 39 g/t Ag (58 g/t AgEq ) from 242.5m, incl. 10.5m at 0.28 g/t Au and 66 g/t Ag (87 g/t AgEq) from 249m Broad zone of Au and Ag mineralization overprinting a younger Pb and Zn rich ba
Slide 9: Sascha Marcelina – Follow up Program
Sascha Marcelina – Follow up Program Current Drill Hole 75m 450m ▪ Results to date show a downward vector for the mineralization → Deep IP survey to map location and orientation of mineralized body → 450m deep drill hole underway to test target area TSX-V: MRZ OTCPK: MRZLF 9
Slide 10: Flagship Project – Sobek, Chile
Flagship Project – Sobek, Chile Project ▪ Mio-Pliocene age mineral belt, northern Chile Overview ▪ 8,571 ha ▪ Porphyry Cu / HSE Au Project ▪ 7 km W of Filo del Sol and 10 km W of Josemaria Ownership ▪ 100% owned Exploration ▪ Aeromagnetic survey completed ▪ Follow-up ground work underway Geology ▪ L
Slide 11: Sobek – Exploration
Sobek – Exploration Program • High resolution 2,690 line-km helicopter-supported aeromagnetic (“MAG”) survey completed by High-Sense Geophysics Limited in Chile • Entire property covered to aid the geological and structural interpretation at Sobek • Multiple highly prospective geophysical targets id
Slide 12: Flagship Project – Altazor Gold, Chile
Flagship Project – Altazor Gold, Chile Project ▪ Mio-Pliocene age mineral belt, northern Chile Overview ▪ 33,300 ha ▪ High sulfidation epithermal (HSE) gold property ▪ 60 km via paved highway south from the village of Socaire Exploration ▪ Advancing towards maiden drill program Altazor Project Activ
Slide 13: Altazor – Exploration Targets
Altazor – Exploration Targets ➢ 4 drill targets defined based on a combination of geology / Post-mineral cover and flows geochemistry / geophysics / alteration CSAMT survey line ➢ 2 holes for HSE / 2 holes for Cu-Au Porphyry potential CSAMT Resistivity Anomaly Max Resistivity Grid Au La Puerta Ag Co
Slide 14: Partner-Funded Projects
Atacama Puna Coronación Gorbea Partner-Funded Projects Virginia TSX-V: MRZ OTCPK: MRZLF 14
Slide 15: Flagship Project - Gorbea Gold, Chile
Flagship Project - Gorbea Gold, Chile Project ▪ Mio-Pliocene age mineral belt Overview ▪ High sulfidation epithermal (HSE) gold property ▪ 32,000 ha ▪ 70 km north of Salares Norte, Chile ▪ ~US$17M spent and 17,066m drilled Partner ▪ Newcrest International Pty Ltd. (NCM) Option ▪ NCM to complete a mi
Slide 16: Gorbea: Atlas Prospect – Exploration Results and Plans
Gorbea: Atlas Prospect – Exploration Results and Plans Drilling Map 2021 Cross Section 114.1m @ 1.07 g/t Au incl. 36m @ 2.49 g/t Au 164m @ 0.52 g/t Au 129m @ 0.54 g/t Au incl. 10m @ 2.09 g/t Au ▪ Defined a large, low-grade envelope of mineralization measuring some 865 x 600 x 240m ▪ Some of the best
Slide 17: Gorbea: El Dorado Prospect – Exploration Plans
Gorbea: El Dorado Prospect – Exploration Plans ▪ 10 km SE of Atlas ▪ Mid-Miocene felsic-andesitic lavas and volcanic breccias intruded by daci-andesite domes and polymictic breccias with clasts of vuggy silica ▪ Large (3.1 x 1.4 km) NW trending zone of advanced argillic alteration ▪ Anomalous zone o
Slide 18: Flagship Project - Coronación Copper/Gold, Chile
Flagship Project - Coronación Copper/Gold, Chile Project ▪ Mio-Pliocene age mineral belt, northern Chile Overview ▪ 1,200 ha ▪ Porphyry Cu and HSE gold project ▪ 80 km E of Escondida and 240 km ESE from Antofagasta Partner ▪ First Quantum Minerals Option ▪ 3,000m drilling commitment Socompa Agreemen
Slide 19: Partner Project – Virginia Silver, Argentina
Partner Project – Virginia Silver, Argentina Project ▪ Santa Cruz, Argentina Overview ▪ 74,429 ha ▪ Low sulfidation epithermal (LSE) silver vein prospect ▪ 160 km north of Pan American Silver’s Manantial Espejo Mine MRZ –Silver Sands Virginia Project Partner ▪ Silver Sands Resources Corp. Option ▪ U
Slide 20: Virginia Project – Exploration Program
Virginia Project – Exploration Program 5,935m Phase I and II drill programs completed ~2,850m Phase III program finishing in December 2021 Highlights from Phase I and II Drill Results ▪ Confirmed the potential for new well-mineralized structures to expand outside of the current NI 43-101 resource ar
Slide 21: Virginia Project – Santa Rita Prospect
Virginia Project – Santa Rita Prospect Potential for typical LSE style mineralization with both Au and Ag ▪ Re-interpretation of historic data completed in combination with new trenching and PDP-IP geophysical survey ▪ Several compelling new Au/Ag targets highlighted within 2.7 km of intermittently
Slide 22: Other Partner-Funded Projects
Other Partner- Funded Projects Atacama Puna Rubi Nord Partner: Mine Discovery Fund Partner: Encantada SpA Target: Porphyry Copper Target: Polymetallic Epithermal Objective: Discovery Drilling and Porphyry Copper Program: Additional deep- Objective: Discovery drilling seeing geophysics Status: Drilli
Slide 23: Summary
Summary INDUSTRY-LEADING EXPLORATION PROJECTS IN CHILE AND ARGENTINA 2021/22 DRILL PROGRAMS Gorbea, Virginia, Nord, Sascha Marcelina → Drilled before 2021 year-end Altazor, Coronación, Libanesa, Homenaje, Rubi → Drilling planned for 2022 STRONG LEADERSHIP STRONG CASH POSITION STRONG PARTNERS FOCUSED
Slide 24: TSX.V: MRZ OTCPK: MRZLF
TSX.V: MRZ OTCPK: MRZLF For Further Information: Tim Heenan, President Jonathan Rosset, VP Corp. Development Tel: (604) 602 9989 Email: contact@mirasolresources.com Website: www.mirasolresources.com TSX-V: MRZ OTCPK: MRZLF Rubi Project, Chile 24
Slide 25: Option to Joint Venture / Option to Purchase
Option to Joint Venture Option to Purchase Jan 2019: Gorbea - Newcrest 51% 65% 75% 85% NSR royalty May 2020: Virginia – Silver Sands Res. >US$ 19M Exploration Expenditures PEA MRZ 15% FS option US$600k Option Payments (paid) $650k cash MRZ 25% 6.5 years 1 year 2 years 19.9% of the S/O after US$6M in