VANCOUVER, BC, November 21, 2017 — Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF) (the “Company” or “Mirasol”) is pleased to announce that it has signed an option and farm-in agreement (the “Agreement”) with Newcrest International Pty Limited, a wholly owned subsidiary of Newcrest Mining Limited (ASX: NCM) for Mirasol’s Altazor High Sulfidation Epithermal (HSE) gold project in northern Chile (the “Altazor Project”). NCM has the right to acquire, in multiple stages, up to 80% of Mirasol’s wholly-owned Altazor Project by completing a series of exploration and development milestones and making staged option payments totaling US$1.8 million to Mirasol.
Newcrest Mining (“NCM”) is one of the world’s largest gold mining companies, operating 5 mines in Australia, the Asia – Pacific and Africa regions. NCM has extensive experience developing and operating successful mines in culturally and geographically diverse environments. NCM seeks to identify and secure large mineral districts, or provinces, in order to establish long term mining operations.
Stephen Nano, CEO of Mirasol, stated that “we are very pleased to be partnering with Newcrest to explore the Altazor gold project. This is Newcrest’s first Chilean farm-in since its strategic decision to reinitiate exploration in the Americas. Newcrest has made a significant first year commitment to the project that will allow us to accelerate this season’s exploration program and consider a decision to drill.”
Mirasol and NCM are preparing for an aggressive exploration program this southern Hemisphere summer season at Altazor comprising systematic soil sampling, CoreScan alteration mapping, detailed geological mapping, magnetics and electrical geophysics.
Terms of the Agreement
The Altazor Project:
Altazor is centred within a dacite to andesite composition volcanic complex hosting a very large-scale advanced argillic alteration system that may cover an area of up to 75 sq-km. Mirasol’s geological mapping has outlined a large phreatomagmatic to hydrothermal breccia complex currently known over approximately 5.0 by 1.8 km area with individual breccia bodies up to 700 by 350 m. Initial rock chip and soil sampling at the project has returned anomalous assays from the breccias, vuggy silica and siliceous veinlets that cross cut the breccia bodies of up to 562 ppb Au and 650 ppb Ag, with elevated epithermal path finder elements. Assays of this tenor are considered potentially significant in this geological setting in the context of the pre-drill surface sampling at Salares Norte.
About Mirasol Resources Ltd:
Stephen Nano, President and CEO of Mirasol, has approved the technical content of this news release and is a Qualified Person under NI 43 -101.
For further information, contact:
Tel: +1 (604) 602-9989
Quality Assurance/Quality Control of the Altazor exploration program: All exploration on the project was supervised by Mirasol CEO, 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 Chile for analysis. Assay results from surface rock, channel, trench, and drill core 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.
 CoreScan is a ground based hyperspectral mineral mapping technology developed by the Australian CSIRO and now commercially available in Chile.
 “Bankable” is defined as suitable to be submitted to a recognized financial institution as a basis for lending funds for the development of a mine.
 Gold Fields. (2016). The Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report 2016.
 Barrick Gold Corporation. (2016). Annual Report 2016.
 Azevedo, F., Brewer, N., Santos, A., Huete Verdugo, D., Baumgartner, R., Roncal, L., Trueman, A. & Foley, A. (2015). The discovery and geology of the Salares Norte epithermal gold-silver deposit, northern Chile. In NewGenGold 2015 (p145-157). Perth, Australia.
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