Mirasol Reports High Grade Extension At Depth

VANCOUVER, BC - Mirasol Resources Ltd. Reported further results from Phase 5 drilling at Joaquin including hole DDJ-100 containing a core length of 39.2 metres of 434 grams per tonne (g/t) silver and 0.23 g/t gold commencing at 129.0 metres down hole. This is the deepest, widest and highest silver grade hole drilled at the La Morocha prospect, and the third best hole at Joaquin property to date based on interval-grade thicknesses. Complete results from the remainder of Phase 5 are pending.
Mirasol's joint venture partner, Coeur d'Alene Mines Corporation, on completion of Phase 5 drilling, has commenced a 6,000 metre resource definition drilling program at the La Negra prospect.This program will infill the drill hole spacing at La Negra to approximately 50 metre centers.
At La Morocha, two holes were drilled in Phase 5 approximately 150 metres apart, deeper than all previous drilling, to test the down dip extension of the strongly mineralized intervals intersected in holes DDJ-25, 26, 55 and 49 (Figure 1, plan and section). At 129 metres down hole, DDJ-100 intersected a wide interval of clay alteration and quartz veining with disseminated and stockwork sulphide mineralization. Assay results from this interval returned a down hole intersection 39.2 metres long of 434 g/t silver and 0.23 g/t gold that included a best sub-interval of 2.52 metres containing 2,214 g/t silver and 0.67 g/t gold.
This long intercept is interpreted to intersect the down-plunge extension of a high-grade shoot at La Morocha that, to date, has a strike extent of up to 360 metres near surface and 260 metres at depth, using the 2,000 gram-metre contour, with a down dip extent of at least 260 metres, and maximum true widths near surface of 49 metres and at depth of 27.7 metres. The shoot remains open at depth with the highest grade intersections occurring in the deepest hole, DDJ-100.Ê In DDJ-100, a second, deeper intercept contained a more gold-rich, interval of 2.6 metres core length containing 15 g/t silver and 1.19 g/t gold for a silver equivalent grade of 92 g/t.
Hole DDJ-101 appears to have intersected the eastern edge of the shoot. It contains sulphide mineralization in several intervals with low silver and gold grades, including a core length of 6.15 metres of 32 g/t silver and 0.03 g/t gold.
The true width of the main intercept in DDJ-100 is interpreted to be 27.7 metres as seen on section. Hole DDJ-101 appears to limit the thick, high-grade zone in DDJ-100 to the east, but the zone is open down dip and to the north. The nearest hole to DDJ-100 is the previously published DDJ-19, 141 metres up dip from DDJ-100, which contained an intercept with an interpreted true width of 31.6 metres grading 105 g/t silver and 0.06 g/t gold. Hole DDJ-55, also previously published, contained an estimated true width of 39.3 metres with a grade of 123 g/t silver and 0.10 g/t gold at a similar distance from DDJ-100.