Mirasol Resources Ltd announced that drilling has begun at its Newcrest-partnered Gorbea gold project in Chile, with Newcrest planning to complete five reverse circulation drill holes for 2,500 metres (m) on the Atlas and El Dorado prospects.
The company said drilling is now ongoing on three projects (Gorbea, Nord and Virginia), with a fourth (Sascha Marcelina) to be drill tested shortly, for a cumulative 6,500m to be drilled by the end of 2021.
“We have made excellent progress on our self-funded and partnered projects and are off to a very strong start this field season,” Mirasol Resources president Tim Heenan said in a statement.
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“We are very excited to be preparing for a maiden ground exploration program at our self-funded Sobek project to follow up on compelling magnetic features identified in the recently completed aeromagnetic survey,” Heenan added.
Mirasol noted that further drilling is anticipated in early 2022 as the company and its partners are actively working to advance five additional projects to a drill-ready stage.
It added that the upcoming exploration season is expected to support strong news flow for the company over the next six to nine months as results are reported.
Mirasol Resources is a well-funded exploration company focused in Chile and Argentina. The company has six partner-funded projects with Newcrest Mining Ltd, First Quantum Minerals, Mine Discovery Fund, Mineria Activa, Silver Sands Resources, and Patagonia Gold. It is currently self-funding exploration at two projects, Inca Gold and Sacha Marcelina.
Contact Sean at sean@proactiveinvestors.com