Le Lézard
Classified in: Mining industry, Business
Subjects: ECO, OTC

Mirasol Announces Assay Results from the Second Drill Program and Results from Initial Gold Leach Recovery Tests from the La Curva OceanaGold JV


VANCOUVER, March 4, 2019 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF, "Mirasol") is pleased to announce assay results from the second program of drilling and initial cyanide extractable gold tests of the mineralization from the La Curva OceanaGold (OGC) JV in Santa Cruz province, Argentina.

The CEO of Mirasol, Norm Pitcher, stated "We are encouraged by the drill results received from this program and the initial indication of metallurgically favourable characteristics of the Au mineralization at the SouthWest prospect. Based on the results of this program high priority drill targets have been generated for future drilling".

Highlights from the Second Drill Program and Cyanide Leach Analysis

               o   SW-DDH-08

20.0 m at 0.97 g/t Au and 1.9 g/t Ag,


Including, 5.50 m at 2.11 g/t Au and 4.3 g/t Ag

               o   SW-DDH-09

135.6 m at 0.54 g/t Au and 3.8 g/t Ag,


Including, 0.60 m at 12.95 g/t Au and 220.0 g/t Ag,


5.40 m at 1.55 g/t Au and 10.4 g/t Ag, and


1.05 m at 10.72 g/t Au and 60.0 g/t Ag

               o   SW-RC-01

60.0m at 0.43 g/t Au and 6.6 g/t Ag,


Including, 3.0m at 3.62 g/t Au and 54.3 g/t Ag

               o   CC-DDH-010

26.3m at 0.56 g/t Au and 10.7 g/t Ag


Including, 0.45 m at 24.1 g/t Au and 87.3 g/t Ag. 

Integrated analysis of results and drill hole targeting are in progress ahead of an OGC and Mirasol JV meeting, planned for the end of March 2019, where future exploration priorities for the project will be decided.

Additional Geological Information and Analysis of La Curva Drill Results are detailed on Appendix A in this news release.

Stephen Nano, a Director of Mirasol Resources, has approved the technical content of this news release. Mr Nano is a Chartered Professional geologist and Fellow of the Australasian Institute of Mining and Metallurgy (CP and FAusIMM) and is a Qualified Person under NI 43 -101.

Additional Explanatory Notes: * AuEq60 is the sum of the value of gold and silver in a given interval represented as a gold equivalent g/t value calculated via the formula: Au assay in g/t + (silver assay in g/t ÷ 60)

Quality Assurance/Quality Control of the La Curva exploration program:
All exploration on the project was supervised by Mirasol Stephen C. Nano, who is the Qualified Person under NI 43-101.

Mirasol applies industry standard exploration sampling methodologies and techniques. All geochemical rock and drill samples are collected under the supervision of the company's geologists in accordance with industry practice. Geochemical assays are obtained and reported under a quality assurance and quality control (QA/QC) program. Samples are dispatched to an ISO 9001:2008 accredited laboratory in Argentina for analysis. Assay results from surface rock, channel, trench, and drill core or reverse circulation samples may be higher, lower or similar to results obtained from surface samples due to surficial oxidation and enrichment processes or due to natural geological grade variations in the primary mineralization.

Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.

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.


These press releases may also interest you

at 11:12
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Malibu Boats, Inc. between November 4, 2022 and April 11, 2024, both dates inclusive (the "Class...

at 11:05
Douglas Elliman Inc. will conduct a conference call and webcast to discuss its first quarter 2024 results on Friday, May 10, 2024 at 8:00 a.m. (ET). Investors may access the call via live webcast at...

at 11:05
Fairway Independent Mortgage Corporation, named #1 for customer satisfaction among mortgage origination companies in the J.D. Power 2023 U.S. Mortgage Origination Satisfaction Study, announced today that the Tiffany Fisher team has joined its ranks....

at 11:00
BizClik, the UK's fastest-growing publishing company, has published the latest edition of FinTech Magazine. This publication is a highly regarded voice within the Financial Sector for its in-depth reports and interviews with prominent figures in the...

at 11:00
Rockford Fosgate, the industry leader in high-performance audio systems, is thrilled to announce its sponsorship of the Harley-Davidson Museum as the official Motorcycle Audio partner. This partnership promises visitors an immersive on-site audio...

at 11:00
In an effort to improve the guest experience and streamline operations for attractions venues, ROLLER, a global leader in leisure and attractions technology, has joined forces with Amusement Connect, a recognized leader in cashless card operations....



News published on and distributed by: