Titan Gold Project Advances With Positive Geophysical Results

VANCOUVER, BC - Mirasol Resources Ltd. reported on the results of a high-resolution ground magnetic and a pole-dipole electrical geophysical survey over its 100%-owned Titan gold project in northern Chile. These surveys highlight a number of large scale geophysical anomalies that support and extend the prospectivity of the Titan gold target.

Mirasol has completed a 17.2 square kilometre high-resolution ground magnetic survey and a 26.6 line-kilometre pole-dipole (PDP) induced polarization (IP) electrical geophysical grid at the Titan gold project. Results from these ground geophysical surveys are consistent with the Company's geological concept and model of an epithermal gold-bearing zone positioned over a postulated mineralized intrusion at depth. Such systems are known to host economic precious and base metals mineralization elsewhere in the area.

The processed magnetics outlines two distinct, but spatially related, magnetic features. The first is a large "magnetic quiet zone" with dimensions of approximately 3000 by 2000 metres. This feature encloses the area of known surface hydrothermal alteration at Titan and suggests the alteration system may extend to the west under shallow gravel cover. The second magnetic feature is a prominent 700 by 600 metre diameter, strongly magnetic anomaly. The Titan gold-in-trench signature forms a crescent-shaped zone which overlies the northern and western rim of the magnetic anomaly.

The processed cross-sections and 3-dimensional modelling of the PDP electrical geophysical surveyn show an interpreted covered, highly resistive (1000 to +2000 ohm/m) triangular- shaped tabular anomaly, up to 150 metres thick, developed over an area of 1500 by 1400 metres.The source of the resistive zone does not crop out in the Titan trenches and thus the nature of the resistor is unknown. A plausible explanation for resistive values of this magnitude may be concentrations of silica. Based on the Company's experience, Mirasol considers this to be a possible explanation for the resistive blanket at Titan and that this resistive anomaly represents a valid conceptual drill target for gold mineralization.