Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Investor Presentation (August 2021)
31 slides from Mirasol Resources's investor presentation, August 2021
Slide 1: Focused on Discovery
FOCUSED ON DISCOVERY TSX-V: MRZ Sascha Marcelina Project, Argentina OTCPK: MRZLF AUGUST 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: Corporate Highlights
Corporate Highlights ➢ Leading ➢ Focused in ➢ Conservative ➢ Proven track ➢ Excellence in Explorer Chile and share structure record of claim Argentina successful management, ➢ Experienced ➢ Well-funded: project permitting & leadership ➢ Two self-funded C$12 million in generation community projects c
Slide 4: Board of Directors
Board of Directors Patrick Evans Diane Nicolson Executive Chair Director ▪ Appointed to the board in ▪ B.Sc. in Geology and a PhD in 2016 Economic Geology ▪ Over 20 years of senior ▪ Over than 20 years of experience management experience in in mineral exploration especially in various public mining
Slide 5: Management Team
Management Team Tim Heenan Mathew Lee President Chief Financial Officer ▪ Over 30 years of exploration ▪ Chartered Professional Accountant experience in Central and ▪ Over 10 years of experience with South America public and private companies ▪ Involved in several high- including mining and financia
Slide 6: Mission and Strategy
Mission and Strategy OUR Discover and develop high-quality gold, silver and MISSION copper projects in Chile and Argentina STRATEGY Self-funded Projects Partner-funded Projects ➢ Higher grade prospects ➢ Lower operating costs ➢ Lower exploration risk & ➢ Large scale projects ➢ Higher exploration cos
Slide 7: Share Structure and Treasury
Share Structure and Treasury Shares Shares Fully Market Conservative Outstanding Diluted Capitalization Share Structure 54 M 59 M ~C$ 20M Cash Shares Well Funded ~C$12M ~C$ 1M (6.55 million shares of CSE:SAND at ~$0.165) ➢ Insiders holding: 28% ➢ Share buy-back program initiated in October 2020 Cash
Slide 8: Project Portfolio at a Glance
Project Portfolio at a Glance Nandi Altazor Two self-funding projects Status: Available Status: Optioned to for Partnership Newcrest Seven partner-funded projects Nord Coronación Strong pipeline of projects available for Status: Option to Status: Optioned to partnership Encantada First Quantum Rubi
Slide 9: Project Portfolio - Drilling Overview
Project Portfolio - Drilling Overview 2020/2021 Field Season Next Steps Sascha ▪ Deep penetrating geophysics ▪ 2,814m drill program completed Marcelina ▪ Follow up drilling ▪ Reconnaissance work on additional M Inca Gold ▪ 1,417m drill program completed prospects R Virginia ▪ 5,935m drill programs c
Slide 10: Featured Project – Rubi, Chile
Featured Project – Rubi, Chile Project ▪ Paleocene age mineral belt, northern Chile Overview ▪ 7,500 ha N ▪ Porphyry copper project ▪ Lies at relatively low elevation (1,900 – 2,100m ASL) ▪ Year-round access via well maintained gravel roadways ▪ Adjacent townships with a trained mining workforce, ne
Slide 11: Rubi – Exploration Program
Rubi – Exploration Program Lithocap Target ▪ 3.5 km by 2.0 km target centered on a large, deeply weathered, advanced argillic alteration zone ▪ Lithocap alterations are potentially adjacent or above productive porphyry Cu deposits ▪ The outcropping lithocap remains undrilled as does its extension to
Slide 12: Rubi – Exploration Program
Rubi – Exploration Program Zafiro Target ▪ 2.8 km by 2.2 km circular magnetic high surrounded by a partial, doughnut-shaped magnetic low under gravel-cover ▪ Widespread anomalous Cu in gullies to the north ▪ Potentially mineralized porphyry intrusive center with a peripheral pyritic alteration halo
Slide 13: Featured Project – Virginia, Argentina
Featured Project – Virginia, Argentina Project ▪ Santa Cruz, Argentina Overview ▪ 74,429 ha ▪ Low sulfidation epithermal (LSE) silver vein prospect ▪ 70 km south of Newmont’s Cerro Negro Mine ▪ 160 km north of Pan American Silver’s Manantial Espejo Mine MRZ –Silver Sands Exploration ▪ Phase I and II
Slide 14: Virginia – Exploration Program
Virginia – Exploration Program 5,935m Phase I and II drill programs completed Phase III drill program planned for Q3 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 area ▪ Encountered
Slide 15: Virginia – Exploration Program
Virginia – Exploration Program Ely Central Target ▪ A newly emerging 200m open ended strike length of strong Ag mineralization and lies within a 580m gap left untested from the original drilling at Virginia by Mirasol in 2012 ▪ Notable intervals reported: ▪ EC-DDH-003: 10m at 560 g/t Ag, including 2
Slide 16: 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 in an option to purchase ag
Slide 17: Sascha Marcelina – Exploration Program
Sascha Marcelina – Exploration Program Maiden drill program at 3 prioritized prospects: ▪ Pellegrini: Encouraging results with broad interval in hydrothermal breccia encountered in drilling ▪ Estancia: Drilling intercepted poor host rock and returned dispersed mineralization Deeper drilling required
Slide 18: Sascha Marcelina – Exploration Program
Sascha Marcelina – Exploration Program Pellegrini Target: Returned best result from the 2021 program with: PEL-DDH-005: 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 overprintin
Slide 19: Self-Funded Project – Inca Gold, Chile
Self-Funded Project – Inca Gold, Chile Project ▪ Located on the Paleocene belt of northern Chile Overview ▪ 16,300 ha - Elevation of 2,000 to 3,000m ASL ▪ Year-round access and near infrastructure ▪ 100 km north of Copiapó and 17 km east of Inca del Oro town Ownership ▪ Controlled through an option
Slide 20: Inca Gold – Exploration Program
Inca Gold – Exploration Program Mirasol’s initial focus for its exploration and drilling activities was on the Sandra prospect. Several untested prospects are currently being evaluated. • Caldera Prospect • Identified a promising mineralized polymetallic intermediate epithermal quartz vein structure
Slide 21: Inca Gold – Deep Sensing Geochemistry
Inca Gold – Exploration Program • Vania Prospect Deep Sensing Geochemistry → compelling porphyry Cu-Au prospect delineated by multi-layered exploration data collected by Newmont prior to the option agreement with Mirasol (DSG) Score • Vania hosts a strong, central Au DSG Multi-Element DSG Anomaly Mu
Slide 22: 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 23
Slide 23: Appendix: Other Project Descriptions
Appendix Other Project Descriptions TSX-V: MRZ OTCPK: MRZLF 24
Slide 24: Option to Joint Venture / Option to Purchase
Option to Joint Venture Option to Purchase Jan 2019: Gorbea - Newcrest 51% 65% 75% 85% May 2020: Virginia – Silver Sands Res. NSR royalty >US$ 19M Exploration Expenditures PEA MRZ 15% FS option US$600k Option Payments (paid) $650k cash MRZ 25% 19.9% of the S/O after US$6M in expenditures 6.5 years 1
Slide 25: Gorbea – Overview
Gorbea – Overview Project ▪ Mio-Pliocene age mineral belt Overview ▪ 70 km north of Salares Norte, Chile ▪ 32,000 ha ▪ High sulfidation epithermal (HSE) gold property ▪ To date approx. US$16.6M spent and 17,066m drilled Exploration ▪ Minimum 2,000m committed drill program for H2 2021 Activities ▪ 6,
Slide 26: Gorbea, Atlas Target – Exploration Results
Gorbea, Atlas Target – Exploration Results Drilling Map 2019/2020 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 Exploration highlights to date: ▪ Defined a large, low-grade envelope of mineralization measuring some 865 x 600
Slide 27: Altazor
Altazor 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 ▪ Near a well-maintained gravel road connecting northern Chile and Argentina and a 20 km south of 345 kV
Slide 28: Coronación
Coronación Project ▪ Mio-Pliocene age mineral belt, northern Chile Overview ▪ 1,200 ha ▪ Porphyry and high sulfidation epithermal (HSE) copper/gold project ▪ 85 km SW of Socaire and 240 km ESE from Antofagasta ▪ Accessible to the main road to the Socompa International pass Exploration ▪ 3,000m drill
Slide 29: Nord
Nord Project ▪ Eocene-Oligocene Copper Porphyry belt of northern Chile Overview ▪ 1,967 ha ▪ Altitude of 3,200 to 3,900m ASL ▪ Polymetallic Intermediate Epithermal and Porphyry prospect Exploration ▪ Initial 6-month fieldwork program planned Activities ▪ Scout drill program expected in Q2 2021 Chile
Slide 30: Homenaje
Homenaje Project ▪ Santa Cruz, Argentina Overview ▪ 11,056 ha N ▪ Low sulfidation epithermal gold/silver prospect ▪ Located at the western margin of the Deseado Massif ▪ 3 km south and southwest from the COSE and Cap Oeste mines operated by Pan American Silver and Patagonia Gold Partner ▪ Patagonia
Slide 31: 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 32
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