Drilling Program Commences At The Inca Gold Project

VANCOUVER - Mirasol Resources Ltd. reported that drilling has commenced at the Inca Gold project, located in the Region III of Chile. The Company’s 2020 surface exploration program delineated a large intermediate sulfidation epithermal vein field along the Sandra trend, in the southern part of the project, which has the potential to host significant Ag, Au and associated base metal mineralization. The maiden 1,500m drill program is targeting three of the most prospective zones on this trend, testing the targets to depths of between 80 and 200m vertically below surface exposures. This program is scheduled to be completed in Q2 2021, with assay results expected by mid-2021.

Interim President, Tim Heenan, said, “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. 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.”

The 16,300 ha Inca Gold project lies in the Inca Del Oro mining district, 100 km north of Copiapo, at elevations of 2,000 to 3,000m ASL and it has good access which allows for year-round exploration. The three prioritized targets (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 characteristic. They also represent the most deeply eroded parts of the outcropping Sandra mineralized vein system (<2,450m ASL) hosting the highest Ag and Au surface grades encountered to date.