VANCOUVER, Jan. 17, 2013 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R). Mirasol Resources Ltd. is pleased to announce that claims were staked
covering nine 100% owned properties totaling 22,300 hectares covering
high-sulphidation epithermal gold targets in northern Chile's
prospective Mio-Pliocene Volcanic Arc. This geologically young Arc
hosts many giant high-sulphidation gold, porphyry gold and porphyry
copper deposits (Figure 1). Yet, large tracts of the northern segment of the Chilean Mio-Pliocene
arc remain relatively unexplored. Mirasol believes the potential for
the discovery of large mineral deposits in this segment of the Arc is
Alteration studies on Mirasol's properties show extensive areas of
steam-heated and high-level advanced-argillic alteration, consistent
with assemblages typically seen near the tops of high-sulphidation
epithermal gold systems (Figure 2). This alteration is typically devoid of gold but can overlie
higher-grade gold mineralization at depth. Mirasol benefited from
efforts of highly experienced Latin American epithermal geologists,
advanced Aster satellite imagery and third-generation field-portable
infrared mineral identification technology used to vector geochemical
sampling to the more prospective areas within large alteration systems.
Reconnaissance rock-chip sampling of outcrop and bedrock in hand-dug
pits, returned assays with anomalous gold and epithermal pathfinder
elements on multiple Mirasol properties. Best rock-chip assay results
to date have been received from a 700 by 500 metre area which contains
low levels to anomalous gold, and includes eight assays which range
from 0.5 to 1.6 grams per tonne (g/t) gold. These assays are
considered very encouraging. Mirasol will conduct a mechanical
trenching program to systematically test this anomalous zone.
Mirasol's new Chile gold portfolio has emerged from the Company's
ongoing project generation program in Chile which commenced in 2006.
Mirasol re-initiated its Chilean generative program approximately two
years ago to focus on the search for large gold deposits in the
Mio-Pliocene Arc and to diversify its geographic exploration presence.
Mirasol focused exploration where the Company considers the most
permissive parts of the Arc, utilizing a proprietary targeting model to
define controls on mineralization in the Arc, with local Chilean
geologist expertise and targeting skills of a specialist consulting
group. Management believes an integrated approach will maximize the
potential for discovery of a significant gold deposit. Mirasol
continues to consolidate its property positions in key portions of the
Arc and looks forward to reporting on further exploration developments
as they evolve.
Stephen C. Nano, Vice President of Exploration for Mirasol, is the
Qualified Person under NI 43-101 who has prepared and approved the
technical content of this news release.
Quality Assurance/Quality Control:
Exploration at the Chile exploration program is supervised by Stephen C.
Nano, Vice President of Exploration, who is the 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. All Drill 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 an ISO 9001:2000-accredited laboratory in Chile
for analysis. All rock chip and drill samples are submitted to the
Laboratory with independently sourced, accredited standard and blanks
and where appropriate duplicate samples to facilitate monitoring of
laboratory performance. Certified Results are examined by an
independent qualified consultant to ensure laboratory performance meets
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.
For further information:
Mary L. Little
President and CEO
Tel: (604) 602-9989: Fax: (604) 609-9946