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Mirasol says new drill results indicate potential for mineralization outside of resource area at Virginia silver project

Further drill results from the project included 8.5 metres at 123.4 grams per ton (g/t) silver, including 3.9 metres at 168.3 g/t at Julia South

Mirasol Resources Ltd. -
Virginia is located in the Santa Cruz province of Argentina

Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) has revealed further drill results from the Virginia silver project in Argentina that show the potential for “significant” new mineralization outside of the current resource area.

The Vancouver-based company said it had defined shallow and high-grade mineralization in six new zones, including Julia South, Ely Central and Martina.

Highlights from the results included 8.5 metres at 123.4 grams per ton (g/t) silver, including 3.9 metres at 168.3 g/t at Julia South, and 16.1 metres at 64 g/t silver, including 0.9 metres at 352.3 g/t silver at Martina SE.

READ: Mirasol Resources commences new 2,700 metre drill program at Virginia silver project in Argentina

The company told shareholders that it is working with option partner Silver Sands Corp to continue drilling in the hopes of expanding the mineralized resource and updating the resource in late 2021.

Mirasol’s interim president Tim Heenan told shareholders that he was “very encouraged” with the initial results from Virginia, which is located in Santa Cruz province.

“With the results from Phase I in hand, it is clear that the size of the resource has the potential to grow significantly,” Heenan said in a statement.

According to a 2016 resource estimate, Virginia contains seven outcropping bodies of high-grade silver mineralization, constrained within conceptual pits, with an indicated mineral resource of 11.9 million ounces of silver at 310 g/t and a further inferred 3.1 million ounces of silver at 207 g/t.

Mirasol is a project generator and exploration company that specializes in identifying quality gold, silver and copper properties in the mineral-rich mining regions of the Atacama-Puna in northern Chile and the Santa Cruz province in southern Argentina.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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