Canada\u2019s Mirasol Resources (TSX-V: MRZ) announced that it has signed an option to purchase agreement which would allow it to complete the consolidation of the Sascha \u2013 Marcelina low sulfidation epithermal Au-Ag district in the Santa Cruz province of southern Argentina.<\/p>\n
In a press release<\/a>, Mirasol explained that under the terms of the agreement, it can acquire 100% of the Marcelina claims from a privately-owned mining company by making staged option payments totaling $3.4 million over four years. The company would also have to invest at least $300,000 in exploration during the first three years of the option period and the claims would be subject to a 1.5% NSR royalty. The consolidation would expand the Sascha – Marcelina project to 30,600 hectares. According to the Vancouver-based miner, the district has a footprint in excess of 65 square kilometres, as defined by anomalous Au+Ag rock chip samples and satellite-based alteration mapping.<\/p>\n In the media brief, Mirasol also said that multi-kilometre long Au+Ag vein and structural trends, which traverse and outcrop surrounding the Marcelina Silica Cap, display similarities in areal extent and geological setting to the Cerro Negro Silica Cap, where GoldCorp (TSX:G, NYSE:GG) operates the Vein Zone and Bajo Negro mines in the Cerro Negro Au+Ag mining district, located 100 kilometres to the north of Sascha-Marcelina.<\/p>\n \u201cRock chip samples from the Sascha-Marcelina district have assays ranging from weakly Au anomalous (10’s ppb) in the area of the Silica Cap (above the mineralized epithermal interval), up to a peak assay of 160 g\/t Au, (5.14 opt) and 780 g\/t Ag (25.07 opt) at the Sascha Main prospect,\u201d the company stated.<\/p>\n Mirasol said it is now mobilizing a field team to the Marcelina district to begin a program of systematic surface exploration to define drill targets.<\/p>\n \u201cConsolidation of the very prospective Sascha and Marcelina projects into a large-scale district play has been a long-term objective of Mirasol. This agreement will allow the multiple underexplored prospects to be systematically explored utilizing the company’s knowledge of large-zoned epithermal Au+Ag districts, gained through more than 15 years of successful exploration in Santa Cruz province,\u201d President and CEO, Stephen Nano, said in the statement.<\/p>\n The post Mirasol Resources expands in southern Argentina<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The Vancouver-based miner is consolidating the Sascha – Marcelina project to make it 30,600 hectares big.<\/p>\n The post Mirasol Resources expands in southern Argentina<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[404,369,1210,440],"tags":[12,25,48,71,102],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1096238"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1096238"}],"version-history":[{"count":5,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1096238\/revisions"}],"predecessor-version":[{"id":1096336,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1096238\/revisions\/1096336"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1096238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1096238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1096238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The consolidation would expand the Sascha – Marcelina project to 30,600 hectares<\/q><\/p>\n