Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) (FRA:M8R) said a maiden 1,500 metres (m) drill program had started at its Inca gold project, in the Region III of Chile.
The work is targeting three of the most prospective zones on the underexplored Sandra trend, in the south of the property, testing targets to depths of between 80 and 200m. This program is scheduled to be completed in Q2, 2021, with assay results expected by mid-2021.
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"We are very pleased to be drilling at the Inca Gold project. Over the last year, the exploration team has done a tremendous job to get this program safely underway despite the challenges posed by the pandemic," said Mirasol’s interim president Tim Heenan in a statement.
"This is our first self-funded drill program planned for this season, and with the Virginia project, the second concurrent drill program currently operated by Mirasol.
"We have an additional self-funded program planned for the second quarter at Sascha Marcelina, marking an exciting and aggressive exploration season for Mirasol.”
Mirasol is earning into the 16,300 hectare Inca project under an option deal with major Newmont Corp.
The company believes the Sandra trend has potential to host significant silver, gold and associated base metal mineralization.
The three prioritized targets, namely Lomo Ballena, Veta Escuela and Veta Valle, were selected for drill testing in this maiden program as they display attractive and coincident geological, structural and geochemical characteristics.
Mirasol is a project generator and exploration company that specializes in identifying quality gold, silver and copper properties in the mineral-rich mining regions of the Atacama-Puna in northern Chile and the Santa Cruz province in southern Argentina.
Contact the author at giles@proactiveinvestors.com