Mirasol Expands Claims Holdings at the Odin Copper Project, Northern Chile
NEWS RELEASE
910 - 850 West Hastings Street, Vancouver, B.C. V6C 1E1 Canada
Tel: 604.602.9989 Fax: 604.609.9946 E-mail: [email protected]
www.mirasolresources.com
Mirasol Expands Claims Holdings at the Odin Copper Project, Northern Chile
VANCOUVER, BC – July 25, 2017 -- Mirasol Resources Ltd. (TSX-V: MRZ, "Mirasol") is pleased to report that the
Company has expanded its claims holdings at the Odin copper project in the prolific Oligocene age copper belt of
northern Chile from 900 ha to over 5,660 ha securing significant extensions to the district scale alteration system
previously reported at the project.
The Odin project is located (figure 1) 35 km north of BHP’s giant La Escondida copper mine giving Odin key
operational advantages in infrastructure and access. Odin is localised at the intersection of the Domeyko fault
system, a continental scale structure that has influenced emplacement of a number of giant Oligocene age porphyry
deposits in Chile and parallel structures to the trans-orogen Archibarca structure. This structural setting is analogous
to that of the nearby Escondida copper district.
Stephen Nano, Mirasol’s CEO commented: “Mirasol now controls a significant claims package at Odin, an area that
hosts a compelling conceptual porphyry Cu target, along trend for one of the world’s premier copper mines. Early
exploration results have increased the prospectivity of the project and suggest the potential to develop further
targets at the property.”
Odin is centred on a large alteration system that is evident from the Company´s Landsat 8 alteration processing
(figure 2). Field follow-up with ground based alteration mineralogy measurements and geochemical sampling has
defined a previously untested conceptual porphyry target (see news release March 2, 2017) concealed beneath a
geochemically barren alteration lithocap at Odin. Recent staking of new claims has significantly expanded the area of
alteration controlled by Mirasol at the Odin project from the original 2.6 to 6.5 sq kms.
Systematic field exploration will determine if the recently staked claims could potentially host additional porphyry
copper targets. Mirasol has expanded reconnaissance rock chip sampling outward from the original Odin target into
the new claims. Initial results have returned encouraging Cu + Mo + Au assays (figure 3) from narrow structures that
may vector toward new conceptual targets at the project. Detailed analysis of the satellite base alteration processing
suggests zoning patterns that could indicate higher temperature centres within the larger alteration system. These
areas will be the focus of future exploration.
The Odin Project was staked as part of Mirasol’s Chilean copper strategy aimed at building a portfolio of high quality
copper projects in the world class northern Chile copper belt. Mirasol has received strong interest in Odin and the
recently announced porphyry targets at Rubi project adjacent to the Giant El Salvador copper district. Mirasol is
actively seeking joint venture partners to drill test and develop these projects.
Corporate Rebranding
Mirasol is pleased to announce the launch of its new website and corporate branding. To follow the Odin story,
please visit www.mirasolresources.com
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.
910 - 850 West Hastings Street, Vancouver, B.C. V6C 1E1 Canada
Tel: 604.602.9989 Fax: 604.609.9946 E-mail: [email protected]
www.mirasolresources.com
For further information, contact:
Stephen Nano
President and CEO
or
Jonathan Rosset
Manager of Corporate Development
Tel: +1 (604) 602-9989
Email: [email protected]
Website: www.mirasolresources.com
Quality Assurance/Quality Control of the Odin 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, lo wer 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 conta ins 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 su ch 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 rel ease 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 re lease.