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Virginia Silver Project

Overview

Resource

Mirasol discovered the Virginia silver mineralization in 2009 following-up a high-priority reconnaissance target identified by its generative team. Between November 2009 and March 2012, Mirasol defined an outcropping high grade silver mineralization in a series of large vein breccias, which were drill tested with 23,318 m of diamond core outlining seven silver deposits. In addition, new silver targets identified in recently acquired adjoining claims require drill testing.

In March 2016, Mirasol filed an amended NI 43-101 Initial Silver Resource Estimate reporting an open-pit constrained 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 1. The larger deposit Julia North contains 7.2 million ounces of silver at 415 g/t. Additional information can be found in the Further Information section below.

1 Amended Virginia Initial Silver Mineral Resource Estimate, February 29, 2016

Project Details

The Virginia silver deposits are vein/breccia structures that host high grade silver mineralization.  Mineralization is an example of a “bonanza-style” intermediate sulphidation epithermal deposit that is associated with a rhyolitic volcanic flow dome field.  The Virginia resource is located within potential trucking distance of a number of existing mining operations within the Santa Cruz Province that could justify transport of high grade mineralization or concentrate to these plants for processing.

Mirasol also believes there is considerable exploration upside at the Virginia Project. A number of the seven drill-defined deposits remain open along strike and down dip. Untested drill targets with high grade silver rock chip results and geophysical anomalies have also been identified adjacent to the existing resource.  Significantly, Mirasol has also recently expanded its property holdings at the project with an extra 27,017 ha of claims to the south of the current limit of Mirasol drilling. Preliminary prospecting has found quartz vein and vein breccia rock float scattered along a 2 km trend; 11 samples collected include six samples with assays ranging from 50.0 to 1,084 g/t Ag. This new claim may host previously unrecognized soil-covered extensions of the Virginia silver system.

Mirasol is actively seeking a Joint Venture partner to advance exploration drilling and evaluate the potential to develop the Virginia Silver project.

To learn more about the Virginia Silver Project, see all Current and Historical News Releases below.

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Mirasol receives high-grade silver assays from initial prospecting at Virginia Silver Project and expands claim holdings

View PDF VANCOUVER, BC, September 14, 2016 — Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF, Frankfurt: M8R) (the “Company”). Mirasol Resources has expanded its claims holdings in the Virginia silver district in Santa Cruz Province Argentina via open ground staking and the purchase of mineral rights from a privately...
14th Sep 16
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Mirasol files Amended Resource Report for Virginia Silver Project, Santa Cruz Argentina

View PDF VANCOUVER, BC, March 29th, 2016 – Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) (the “Company“) announced that it has filed an amended technical report on SEDAR titled “Amended Technical Report, Virginia Project, Santa Cruz Province, Argentina – Initial Silver Resource Estimate” dated 29th February, 2016, that was...
29th Mar 16

See All News

Virginia vista

Virginia outcrop with CEO Stephen Nano

Virginia channel sampling

Virginia saw cut channel sampling of outcrop

Virginia banded vein in channel

Virginia trenching

Virginia camp

Virginia breccia mineralization

Julia Central Vein

Julia Vein 4,070 gt Ag

Julia South sampling

Julia South channel sample MRR09440 314 gt Ag

Julia South drilling

Naty North Vein

Virginia core shack

Virginia core logging

Virginia diamond core cutting

Virginia VG-003 40.9 to 41.65 m 853 gt Ag

Virginia VG-004 30.8 to 31.6 m 1175 gt Ag

Virginia VG-023 68.5 to 69 m 504 gt Ag

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