VANCOUVER, June 12 /CNW/ - Mirasol Resources Ltd. (TSXV:MRZ Frankfurt: M8R) is pleased to announce the acquisition of the Rubi copper-gold property, located on the prospective Paleocene-age porphyry and epithermal belt of Northern Chile.
The Paleocene metallogenic belt has a proven pedigree for producing large copper porphyry and epithermal gold deposits exemplified by BHP Billiton's Spence project (3.5 Mt copper) and Meridian Gold's El Penon mine (3.8 M oz. gold; 63 M oz. silver).
The Rubi claims, covering 73 square kilometres, were staked as a result of the company's new Tertiary Generative Program, announced March 5, 2007. Completed reconnaissance exploration includes stream and rock geochemical sampling, regional mapping and PIMA analysis of the prospect area.
The prospect is defined by an extensive, advanced argillically-altered outcrop, interpreted to be a lithocap, which is exposed through a gravel plain. Exotic copper minerals are locally seen in the gravels and in prospect pits surrounding the outcrop area, and narrow gold-base metal veins crop out at the northern edge of the gravel cover. Mirasol's geologists believe that this setting is prospective for porphyry copper (and accessory gold-molybdenum) style mineralization.
Due to its low altitude and favourable access, the Rubi property can be worked year round and rapidly advanced to drill stage. Mirasol has identified two zones within the Rubi project area that merit further exploration.
Stephen Nano, Vice President of Exploration for the Company, a Qualified Person under NI 43-101, is responsible for the technical content of this release.
Surface Geochemical Sampling: All assay results reported herein are for rock and stream sediment samples collected from surface; assay results from drill core samples may be higher, lower or similar to results obtained from surface samples.
Quality Assurance/Quality Control: Exploration at the Rubi Project is supervised by Mirasol's Vice President Exploration, Stephen Nano, a qualified person under NI 43-101. All technical information for the Company's projects is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Rock chip and stream sediment samples are collected under the supervision of Company geologists in accordance with standard industry practice. Samples are dispatched via commercial transport to ISO 9001:2000-accredited laboratories in Chile for analysis. Results are routinely examined by an independent geochemist to ensure laboratory performance meets required standards.
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