VANCOUVER, June 12 /CNW/ - Mirasol Resources Ltd. (TSXV:MRZ Frankfurt:
M8R) is pleased to announce the acquisition of the Rubi copper-gold property,
located on the prospective Paleocene-age porphyry and epithermal belt of
The Paleocene metallogenic belt has a proven pedigree for producing large
copper porphyry and epithermal gold deposits exemplified by BHP Billiton's
Spence project (3.5 Mt copper) and Meridian Gold's El Penon mine (3.8 M oz.
gold; 63 M oz. silver).
The Rubi claims, covering 73 square kilometres, were staked as a result
of the company's new Tertiary Generative Program, announced March 5, 2007.
Completed reconnaissance exploration includes stream and rock geochemical
sampling, regional mapping and PIMA analysis of the prospect area.
The prospect is defined by an extensive, advanced argillically-altered
outcrop, interpreted to be a lithocap, which is exposed through a gravel
plain. Exotic copper minerals are locally seen in the gravels and in prospect
pits surrounding the outcrop area, and narrow gold-base metal veins crop out
at the northern edge of the gravel cover. Mirasol's geologists believe that
this setting is prospective for porphyry copper (and accessory
gold-molybdenum) style mineralization.
Due to its low altitude and favourable access, the Rubi property can be
worked year round and rapidly advanced to drill stage. Mirasol has identified
two zones within the Rubi project area that merit further exploration.
Stephen Nano, Vice President of Exploration for the Company, a Qualified
Person under NI 43-101, is responsible for the technical content of this
Surface Geochemical Sampling: All assay results reported herein are for
rock and stream sediment samples collected from surface; assay results from
drill core samples may be higher, lower or similar to results obtained from
Quality Assurance/Quality Control: Exploration at the Rubi Project is
supervised by Mirasol's Vice President Exploration, Stephen Nano, a qualified
person under NI 43-101. All technical information for the Company's projects
is obtained and reported under a formal quality assurance and quality control
(QA/QC) program. Rock chip and stream sediment samples are collected under the
supervision of Company geologists in accordance with standard industry
practice. Samples are dispatched via commercial transport to ISO
9001:2000-accredited laboratories in Chile for analysis. Results are routinely
examined by an independent geochemist to ensure laboratory performance meets
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
For further information:
For further information: Mary L. Little, President & CEO, Tel: (604)
602-9989, Fax: (604) 688-8852, Email: email@example.com, Website:
www.mirasolresources.com; Bruce Korhonen, Investor Relations, Ascenta Capital
Partners, Inc., Tel: (644) 684-4743 ext 230 or 1-866-604-4743, Email: