Mirasol Stakes Nine High Sulphidation Gold Projects in Chile with
Rock Chip Assays of up to 1.6 grams / tonne gold
VANCOUVER, Jan. 17, 2013 /CNW/ - Mirasol Resources Ltd.
(TSX-V: MRZ, Frankfurt: M8R). Mirasol Resources Ltd. is pleased
to announce that claims were staked covering nine 100% owned
properties totaling 22,300 hectares covering high-sulphidation
epithermal gold targets in northern Chile's prospective Mio-Pliocene Volcanic
Arc. This geologically young Arc hosts many giant
high-sulphidation gold, porphyry gold and porphyry copper deposits
(Figure 1). Yet, large tracts of the northern segment of the
Chilean Mio-Pliocene arc remain relatively unexplored.
Mirasol believes the potential for the discovery of large mineral
deposits in this segment of the Arc is high.
Alteration studies on Mirasol's properties show
extensive areas of steam-heated and high-level advanced-argillic
alteration, consistent with assemblages typically seen near the
tops of high-sulphidation epithermal gold systems (Figure 2). This
alteration is typically devoid of gold but can overlie higher-grade
gold mineralization at depth. Mirasol benefited from efforts of
highly experienced Latin American epithermal geologists, advanced
Aster satellite imagery and third-generation field-portable
infrared mineral identification technology used to vector
geochemical sampling to the more prospective areas within large
alteration systems.
Reconnaissance rock-chip sampling of outcrop and
bedrock in hand-dug pits, returned assays with anomalous gold and
epithermal pathfinder elements on multiple Mirasol properties. Best
rock-chip assay results to date have been received from a 700 by
500 metre area which contains low levels to anomalous gold, and
includes eight assays which range from 0.5 to 1.6 grams per tonne
(g/t) gold. These assays are considered very encouraging.
Mirasol will conduct a mechanical trenching program to
systematically test this anomalous zone.
Mirasol's new Chile gold portfolio has emerged from the
Company's ongoing project generation program in Chile which commenced in 2006. Mirasol
re-initiated its Chilean generative program approximately two years
ago to focus on the search for large gold deposits in the
Mio-Pliocene Arc and to diversify its geographic exploration
presence. Mirasol focused exploration where the Company
considers the most permissive parts of the Arc, utilizing a
proprietary targeting model to define controls on mineralization in
the Arc, with local Chilean geologist expertise and targeting
skills of a specialist consulting group. Management believes
an integrated approach will maximize the potential for discovery of
a significant gold deposit. Mirasol continues to consolidate its
property positions in key portions of the Arc and looks forward to
reporting on further exploration developments as they evolve.
Stephen C. Nano,
Vice President of Exploration for Mirasol, is the Qualified Person
under NI 43-101 who has prepared and approved the technical content
of this news release.
Quality Assurance/Quality Control:
Exploration at the Chile exploration program is supervised by
Stephen C. Nano, Vice President of
Exploration, who is the 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. All Drill 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 an ISO 9001:2000-accredited
laboratory in Chile for
analysis. All rock chip and drill samples are submitted to
the Laboratory with independently sourced, accredited standard and
blanks and where appropriate duplicate samples to facilitate
monitoring of laboratory performance. Certified Results are
examined by an independent qualified consultant to ensure
laboratory performance meets required standards.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Mirasol Resources Ltd.