VANCOUVER, March 1, 2014 /CNW/ - Mirasol Resources
Ltd. (TSX-V: MRZ, Frankfurt: M8R) (the "Company")
announces that the Company is implementing a transition of the
day-to-day management of the Company from Mary L. Little, the President, CEO, director and
a founder of the Company, to Stephen C.
Nano, who has served as Vice President of Exploration for
the past 10 years and is also a founder of the Company.
Under the first stage of this succession plan,
which is effective today, Mr. Nano has been appointed as a director
and the President of the Company. Ms. Little continues to serve as
CEO until a future date during which time she will work closely
with Mr. Nano to jointly manage the affairs of the Company and
coordinate the transfer of chief executive management
responsibility to Mr. Nano. Upon completion of this transition
period, Mr. Nano will assume the helm as CEO from Ms. Little, who
will continue to serve as a director, and as a consultant to the
Company.
Nick DeMare, an
independent director of the Company since 2005, stated, "Under
Mary's leadership, and through the support of a highly effective
technical team, the Company has established an impressive track
record of exploration success, which culminated in the December 2012 sale of its interest in the Joaquin
Project in Argentina to Coeur for
US$60,000,000 in cash and Coeur
stock. In addition, the Company has also generated and holds an
impressive portfolio of promising mineral properties in
Chile and Argentina. On behalf of shareholders and the
Board of Directors, we thank Mary for her significant contributions
and tireless commitment to the success of the Company."
As noted above, Ms. Little and Mr. Nano, as
founders of the Company, have played integral roles in the
development and the exploration achievements of the Company since
its inception in 2003.
Ms. Little said, "I'm very proud of the
exceptional exploration and management team at Mirasol and the
accomplishments we built over the past 10 years. I am especially
proud of the Joaquin sale providing our Company with the strongest
balance sheet and working capital in our history. Stephen and I
have worked seamlessly, along with co-founder Tim Heenan, Manager of Exploration, and a
director, to build Mirasol into one of the best prospect generators
in the world. I am confident that our Company will achieve further
success under Stephen's guidance."
Mr. Nano co-founded Mirasol Resources in
October 2003 and has served as
Vice-President of Exploration since October
2004. Mr. Nano is a specialist in project generation
and in volcanic-arc related gold, silver and copper mineralization.
He has wide-ranging experience from frontier exploration through to
mine geology, and business development. He has over 25 years
experience in the exploration and mining industry globally and has
been exploring in Latin America
for 22 years, where he has made direct contributions to the
discovery of a number of precious metal deposits. From 1990
to1991, he served as mine and exploration geologist in the Great
Basin for Newmont Mining Corporation. From 1992 to 1996, Mr.
Nano served as District Geologist for Bolivia and Argentina with Newcrest Mining Ltd, and from
1996 to 1997 he served as Principal Geologist, Chile and Argentina with Mt Isa Mines Chile. From 1997
to 2003, Mr. Nano served as Principal Geologist for the Americas
with MIM Exploration (now Xstrata Copper Australia Pty Ltd.) and
was responsible for generative programs for the company in
Latin America. Mr. Nano holds a
B.Sc. (Honors) degree from the University of
New England, Australia, is
a Fellow and a Chartered Professional of the Australasian Institute
of Mining and Metallurgy, and is a Qualified Person as defined by
NI 43-101.
Under Mr. Nano's direction, during 2011-12
Mirasol re-established its exploration activities in Chile with the Gorbea Belt gold program where
the company has built a new portfolio of 100% owned gold and silver
projects and is advancing the Rubi copper gold project under JV to
First Quantum Minerals. Mirasol intends to expand the
company's presence in Chile,
leveraging the Company's strong financial position, high-caliber
exploration team and innovative project generation skills that are
its trademarks. The company will also continue to pursue
strategic business opportunities to advance and expand the
company's high-quality precious metal project portfolio in
Chile and Argentina.
About Mirasol
Mirasol is a well-funded exploration and
development company focused on the discovery, exploration and
acquisition of high-potential precious metals deposits in the
Americas, utilizing leading edge technology for strategic
advantage. Mirasol operates through subsidiary companies in
Chile and Argentina is engaged in generative exploration
in high-potential regions in the Americas. Strategic joint ventures
and partnerships with producers have enabled Mirasol to pursue
success in project generation. In December
2012, Mirasol completed the sale of the Joaquin silver-gold
property in Santa Cruz,
Argentina to its partner Coeur
d'Alene Mines, from which proceeds will provide funding for
exploration programs at its priority projects for several years.
Mirasol operates subsidiary companies in Chile and Argentina, and is engaged in generative
exploration in high-potential regions elsewhere in the Americas.
For further information, visit Mirasol's web page at
www.mirasolresources.com
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.