Termination of the Option Agreements for La Curva and Claudia Projects
NEWS RELEASE
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Tel: +1 604 602 9989 Fax: +1 604 609 9946 E-mail: [email protected]
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Termination of the Option Agreements for La Curva and Claudia Projects
VANCOUVER, BC, March 22, 2019 — Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or
“Mirasol”) reports that it has been advised by OceanaGold Corporation (“OceanaGold”) of its decision to
terminate option agreements for the La Curva and Claudia Projects in the Santa Cruz Province of Argentina.
Norm Pitcher, President and CEO of Mirasol stated that “we wish to thank OceanaGold and its exploration team
for the work completed and significant investments made on our projects over the past 2 years. Even though the
results to date did not meet OceanaGold’s expectation s, we believe the work completed has identified
compelling targets that warrant further testing. Mirasol will initiate a business development process to identify
new partners to continue exploration at both projects”.
Since the beginning of the Curva option agreement (May 18, 2017), OceanaGold has completed C$3.7 million in
exploration expenditures on the project and drilled 6,250 m in 36 holes. Results from the second phase drill
program were released on March 4, 2019 along with Mirasol’s geological interpretation and drill targets. At the
Claudia Project, OceanaGold has invested C$2 million since the execution of the agreement ( October 20, 2017)
and drilled 2,500m in 12 holes. Over the current exploration season, Mirasol also completed additional surface
exploration and geophysical surveys on the project to define new drill targets which have not yet been tested.
Results from this work will be provided shortly. In addition to the exploration expenditures incurred to date,
OceanaGold has also made approximately C$650,000 in option payments to Mirasol for both projects.
About Mirasol Resources Ltd
Mirasol is a premier project generation company that is focused on the discovery and development of profitable
precious metal and copper deposits, operating via a hybrid joint venture and self-funded drilling business model.
Strategic joint ventures with precious metal producers have enabled Mirasol to maintain a tight share structure
while advancing its priority projects that are focused in high -potential regions in Chile and Argentina. Mirasol
employs an integrated generative and on -ground exploration app roach, combining leading -edge technologies
and experienced exploration geoscientists to maximize the potential for discovery. Mirasol is in a strong financial
position and has a significant portfolio of exploration projects located within the Tertiary Age Mineral belts of
Chile and the Jurassic age Au+Ag district of Santa Cruz Province Argentina.
For further information, contact:
Norm Pitcher, President and CEO
or
Jonathan Rosset, VP Corporate Development
Tel: +1 (604) 602-9989
Email: [email protected]
Website: www.mirasolresources.com
Forward Looking Statements: The information in this news release contains forward looking stat ements that are subject to
a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially
Suite 910 - 850 West Hastings Street, Vancouver, B.C. Canada, V6C 1E1
Tel: +1 604 602 9989 Fax: +1 604 609 9946 E-mail: [email protected]
www.mirasolresources.com
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 t he TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this releas e.