Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) (FRA:M8R) announced the start of a 2,600 metres (m) drill program at its Sascha Marcelina gold and silver project in Argentina.
The company said the program will focus on three priority drill targets (the Estancia, Pellegrini Silica Cap and Igloo prospects), which are characterized by coincident large-scale outcropping alteration, anomalous rock chip geochemistry and Induced Polarization (IP) geophysical anomalies.
“Mirasol’s exploration activities have defined multiple new and quality drill targets, which have the potential to deliver a significant discovery,” Mirasol Resources President Tim Heenan said in a statement.
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Heenan added: “Having been involved in the early discovery years at what is now Newmont’s Cerro Negro mine, I believe the two districts have many geological similarities. For example, both projects have a large, mineralized footprint and veins in close proximity and distal to a topographically elevated silicified hill, which is interpreted to represent the center of the hydrothermal system in each project.”
The company also noted that previous exploration work at the Sascha Marcelina project defined a large alteration footprint of more than 20 square kilometres (km), hosting an epithermal quartz vein system within multiple mineralized trends.
In preparation for drilling, Mirasol completed a 39 line-km of IP Pole-Dipole ground geophysics survey at the Estancia, Pellegrini, and Igloo prospects that defined “significant” chargeability and resistivity anomalies, indicating the possible presence of sulphides and silica bodies, which could represent zones of hydrothermal alteration and mineralization at shallow depths.
The company added that it has defined a series of new highly prospective, large-scale targets that are supported by a prospective geological setting, widespread indications of gold and silver mineralization, and near surface, coincident geophysical anomalies.
The combination of these features, Mirasol said, strengthens the potential for better mineralized gold-silver veins at depth.
Mirasol Resources 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 Sean at sean@proactiveinvestors.com