mirasol resources ltd. - precious metal project generator primed … · 2016. 8. 1. · mirasol...
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MIRASOL RESOURCES
Focused on gold & silver discoveryMIRASOL RESOURCES
Focused on gold & silver discovery
July 2016
Stephen Nano President & CEO TSX.V: MRZ
OTCPK: MRZLF
Precious Metal Project Generator
Primed for Discovery
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MIRASOL RESOURCES
Focused on gold & silver discovery
Cautionary Statement
This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements ofhistorical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expectsto occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified bythe words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”,“would”, “may”, “could” or “should” occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimatesmay also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actuallydeveloped. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that couldcause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, andcontinued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are notguarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forwardlooking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Companyundertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, shouldchange.
This presentation may use the term “indicated resource”. The Company advises investors that although this term is recognized and required by Canadiansecurities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”), the US Securities and Exchange Commission does notrecognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories will ever be converted into reserves.
Stephen Nano, President and CEO for the Company and a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific andtechnical information in this presentation.
MIRASOL RESOURCES
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MIRASOL RESOURCES
Focused on gold & silver discoveryMacro Patterns, Drivers for the Project Generation Business Model
Decade long decline in discovery rates of minable ounces of gold
May equate to 60 million ounces per year short fall
Major decline in exploration spend of last 3 years
Exploration and generative teams disbanded Fewer new exploration projects
12 month trend of improved gold and silver prices
Improving profit margins for producersMoney starting to flow into new greenfields projects
Demand for quality exploration projects Driver for Mirasol’s project generation business model
3
FY2016 Gold – Silver Commodity Price (USD/oz)
GoldUS $1,094.90 $1,326.50
SilverUS $14.75 $20.12
Go
ld P
rice
(U
SD/o
z)
Silv
er P
rice
(U
SD/o
z)
Decade long decline in Gold discovery rates
+3 Years, Steep Decline in Exploration Spend
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Mirasol Resources: in Summary
4
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun2015 2016
Mirasol’s Share Price moves ahead of GDXJ IndexCorrelating to large upswing in US and Canadian share volume
Share Price: CA$ 0.84 July 2015 CA$ 2.59 July 2016Share volume: 0.27M July 2015 4.04M June 2016
• Canadian listed project generator focused on gold and silver discovery in Chile and Argentina
• Well funded CA $18.7M Cash in Bank (May FS 2016)
• Conservative capital structure • 44.7 M shares outstanding• 47.2 M fully diluted (2.5 million options)
• Leading edge technology and discovery team
• Active JVs – strong partners, strong projects, strong deals
• Additional drill ready projects – focused on new JV deals
• New large pipeline of quality gold and silver projects in Chile / Argentine highly prospective mineral belts
Share price is responding strongly to positive JV drill results and improving market conditions
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MIRASOL RESOURCES
Focused on gold & silver discovery
5
Mirasol Resources: Industry Leading Board and Management
Quality Management / Exploration Team
• Stephen Nano – Founder/CEO/President/Technical QP
• Tim Heenan – Founder/Chile and Argentina Exploration Manager
• Damien Koerber – Chile and Argentina Business Development
• Dr Leandro Echavarria – Principal Exploration Geologist Americas
• Daryl Nunn – Principal Generative Geologist
• Quality team of in-country explorationists
Dana Prince
Chairman
StephenNano
Director
TimHeenanDirector
John TognettiDirector
Borden Putnam
Independent Director
Nick DeMare
Independent Director
Board – strong finance and share market and resource industry backgrounds
High calibre technical teamLeading edge exploration technologiesDiscovery track record in Chile and Argentina
Commitment to keep our shareholders informed • John Toporowski – Manager Investor Relations
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MIRASOL RESOURCES
Focused on gold & silver discoveryMirasol Resources: Strong Track Record for Wealth Creation Through Discovery
FY 2015/16 - Leveraging existing quality project bank through JV’s for drill testing
• 2 active quality JVs
• 9,500 m of JV drilling completed in FY 2016
• CA$ 5.4M JV spend in FY 2016
• Delivering encouraging Au+Ag drill results Atlas and Claudia
• Seeking partners for additional JV ready projects
• New pipeline of quality project in premier mineral belts
Primed to take advantage of improving markets
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Joaquin & VirginiaDrill Discovery
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MRZ Incorp.MRZ listed
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US
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JV
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MIRASOL RESOURCES
Focused on gold & silver discoveryMIRASOL RESOURCES
Focused on gold & silver discovery
MIRASOL PROJECT GENERATION
Generative Program
Targeting giant gold-silver-copper discoveries
Delivering new projects to the pipeline
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MIRASOL RESOURCES
Focused on gold & silver discoveryProject Generation: Focus / Pedigree / Capability
Focused on 2 generative regions Atacama – Puna and Santa Cruz
• World class pedigree under-explored precious metal terrains
• Highly compatible with Mirasol’s technology driven generative expertize
• High Calibre generative and exploration teams
• Well-funded aggressive programs
• Contrarian approach to generative exploration
New Atacama – Puna Tertiary age mineral belts of Northern Chile and Argentina
• World Class pedigree with many operating giant gold, silver and copper mines
• Recent multi-million ounce oxide gold discoveries – new wave “company maker” discoveries
• Mirasol Gorbea Belt JV and large portfolio of new quality pipeline projects
Santa Cruz Jurassic age volcanic terrain
• World class high grade gold and silver epithermal terrain
• 4 operating large scale mines and additional new mine development
• Mirasol Claudia - CVSA JV and large portfolio of projects in key mineral districts 8
Tertiary Volcanics
Jurassic Volcanics
Atacama-Puna
Generative
Santa CruzGenerative
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MIRASOL RESOURCES
Focused on gold & silver discovery
9
Recognition of epithermal Au Ag in porphyry Cu districts
Project Generation: Atacama – Puna Region
Mirasol Gorbea JVAtlas / Titan Projects
Barrick Gold
New Alturas
Gold Discovery
5.5 Moz gold
Gold Fields New
Salares Norte
Gold Discovery
3.1 Moz gold
Mio-Pliocene AgeVolcanic Belt
Paleocene AgeVolcanic Belt
New Mirasolpipeline Projects
200km
Antofagasta
Santiago
Atacama Puna
Generative
• Investment in new generative program delivering portfolio of quality gold – silver pipleline projects
• Mirasol added approx. 120,000 ha in 25 project areas – dynamic process / new claims pipeline
• Mio – Pliocene belt targeting giant oxide gold discoveries – seasonal but this is where the giants are
• Paleocene belt targeting bonanza grade gold discoveries – year round access / infrastructure advantage
Mirasol positioned to take advantage of upswing in demand for quality projects
Large unexplored alteration systems
Mio-Pliocene Belt -Targeting Giant Oxide Gold Deposits
Paleocene Belt -Targeting High-grade Gold / Silver deposits
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MIRASOL RESOURCES
Focused on gold & silver discovery
10
Project Generation: Santa Cruz Argentina
Mirasol Claims
JV / Headline Project
Pipeline Project Jurassic Igneous Rocks
Mine / Development Project
ATACAMA –PUNA
GENERATIVE
SANTA CRUZGENERATIVE
Previous Mirasol success in Santa Cruz
• Discovery and sale of Joaquin Deposit
• Discovery of Virginia Silver Deposit
Mirasol portfolio of quality drill ready projects adjoining active mining districts
33,150 ha of new claims staked in FY 2016 consolidating project positions & adding new pipeline projects
New Joint Venture Claudia gold project with Cerro Vanguardia mines (AngloGold Ashanti / Formicruz)
Focus on delivering additional near mine deals Short timeline to production/cash flow
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MIRASOL RESOURCES
Focused on gold & silver discoveryMIRASOL RESOURCES
Focused on gold & silver discovery
MIRASOL PROJECT BANK
Large portfolio of quality drill ready projects
Delivering strong JVs with producers
Gorbea JV Atlas gold project drilling
CVSA JV Curahue Trend first drill results
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MIRASOL RESOURCES
Focused on gold & silver discovery
12
Mirasol Project Bank – Drill Ready Projects Chile and Argentina
• Atlas Au-Ag
• Titan Au-Ag
• Claudia Au-Ag
• Virginia Ag
• La Curva Au
• Rubi Cu - Au
• Espejo Au-Ag
• Libanesa Ag
• Morito Au-Ag
• Sascha Au-Ag
• Homenaje Au-Ag
2 Active JVs
Gorbea JV &
Claudia-
CVSA
Additional drill
ready projects
Headline
Projects
ready for JV
Large Drill Ready Portfolio Focused on new JV deals
*see news releases*Claudia (July 26, 2016) Atlas (April 25, 2016)
Virginia (March 29, 2016)Titan (Nov 25, 2013)Rubi (April 2, 2015)
La Curva (Jan 23, 2014)
http://www.mirasolresources.com/s/NewsReleases.asp?ReportID=746677http://www.mirasolresources.com/s/NewsReleases.asp?ReportID=746677http://www.mirasolresources.com/s/NewsReleases.asp?ReportID=692668http://www.mirasolresources.com/s/NewsReleases.asp?ReportID=612513http://www.mirasolresources.com/s/NewsReleases.asp?ReportID=702517http://www.mirasolresources.com/s/NewsReleases.asp?ReportID=620828
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MIRASOL RESOURCES
Focused on gold & silver discoveryChile: Gorbea JV - Atlas Gold Silver Drill Results and IP Geophysics targets
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Atlas
Project
South
America
• Gorbea JV terms for portfolio of 7 projects including the Atlas and Titan projects • 4 years to earn 51% by spending US$ 10M and making US$ 2 million in staged cash payments• Additional 2 years earn 65% by delivering a PEA with minimum resource 1M Oz gold• Additional 1 years earn 75% by delivering a feasibility study, decision to mine and by funding to
production Mirasol’s 25% equity position in the project.
Strong deal terms targeting large stand alone gold discovery
• Encouraging drill results at Atlas confirm large, deeply oxidised high sulphidation epithermal system of the style that has produced bulk minable gold – silver deposits in this mineral belt
• Best results to date include 40 m at 1.38 g/t Au and 17.9 g/t Ag including 28 m at 1.82 g/t Au and 22.0 g/t Ag• Intersections are deep but up dip potential for near surface mineralisation is untested• A range of additional drill targets warrant testing at Atlas for large scale bulk minable gold mineralization • Second season of exploration anticipated to start in October – November 2016
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MIRASOL RESOURCES
Focused on gold & silver discovery
14
Argentina: Claudia – CVSA JV Curahue Prospect Drilling
Claudia gold-silver project5 separate drill ready prospects
Adjoins Cerro Vanguardia mine (AngloGold–Ashanti / Formicruz) district total 8.6 Moz Au and 135 Moz Ag
Joint Venture option terms:
• Year 1 commitment 6,000 m drilling, US$ 200 K geophysics, US$ 2 M spend
• 2 years to earn 51% - 12,000 m drilling, US$ 400 K geophysics, US$ 5 M exploration spend + US$ 1 M cash payments to Mirasol
• 2 additional years to earn 65 % with delivery of PEA with +350,000 oz inferred resource
• 2 additional years to earn 75 % with delivery of pre-feasibility with minimum 350,000 ozresource, decision to mine and provide funding for Mirasol’s 25 % equity position
Deal structured to facilitate rapid exploration and development as satellite deposit to Cerro Vanguardia Mine
Cerro Vanguardia Gold-Silver Mine8.6 Moz Au & 135 Moz Ag
Curahue
Pits
Mill
Rio Seco
Cilene
L. BlancaAilen
Cerro Vanguardia Claims
Mirasol Claudia Claims
6 Holes Drilled
for 590m
29 Holes Drilled
for 2,960m
18 holes with
assays returned
Base Image: Gradient Array Resistivity
3 Holes Drilled
for 290m
4 Holes Drilled
for 426m
Mirasol - CVSA JV Claudia Project
Claudia
Project
South
America
2 km
LEGEND
RC drill holes (assays pending)
RC drill holes (assays returned)
Gradient Array resistive geophysical bodies
Rockchips assays+ 1 g/t AuEquiv (Au+Ag/60)
2 km
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MIRASOL RESOURCES
Focused on gold & silver discoveryArgentina: Claudia – CVSA JV Curahue, Io Trend Initial Drill Results
Drilling to date 100% focused at > 15 km long Curahue prospect
• 39 RC and > 4 Diamonds to date totalling > 3,700 m since May
• Assays received for 18 RC Holes on “Io” trend
• Narrow high-grade intervals inc:
• 0.5m at 7.35 g/t Au & 448.9 g/t Ag
• 1.0 m at 5.15 g/t Au & 580.6 g/t Ag
• 1.0 m at 4.58 g/t Au & 180.5 g/t Ag
• Broader low-grade intervals inc:
• 66.5m at 0.42 g/t Au & 64.74 g/t Ag
• 39.5m at 0.70 g/t Au & 74.89 g/t Ag
• 27.5m at 0.56 g/t Au & 48.33 g/t Ag
Suggesting potential for both mill and near surface heap-leach type Au + Ag mineralization at Curahue
Improving grades to depth
Further drilling in progress
1 of 5 prospects at Claudia
IORC-55
IORC-28
IORC-26
IORC-58
IORC-44
IORC-41IORC-27
IORC-40IORC-29
IORC-45
IORC-38
IORC-39IORC-43
IORC-65IORC-64
IORC-66
IORC-63
IORC-35
IORC-36
IORC-33
IORC-34
IORC-31
IORC-32IORC-42
IORC-37
No drillingthis section
No drillingthis section
Gradient ArrayResistivity Anomaly
Preliminary3D Vein Model
500 m
LEGEND
Completed RC drilling (assays pending)Labelled with Hole ID
Completed RC drilling (assays returned)Labelled with Hole ID
Gradient Array resistive geophysical bodies
Section 2
IORC-41 IORC-27IODDH-02
Quaternary Soils and Sediments
TR-Curr-126
AwaitingAssays
150m
100m
RL
94m
128m
Awaiting Assays
8.5m @ 1.19 g/t AuEq60
27.5m @ 1.37 g/tAuEq60
66.5m @ 1.50 g/tAuEq60
Interpreted true width of vein interval 25m
13m @ 2.56/t AuEq60
7.5 m @ 1.94 g/tAuEq60
Section 2
Histogram % Quartz Veining
IORC-XX Reverse Circulation Drill hole
IODDH-XX Diamond Drill hole
TR-CURR-XX Surface Trench25 m
200m
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Argentina: Virginia District – High Grade Silver Resource with New Exploration Potential
• Outcropping Ni 43-101 compliant pit constrained silver resource of indicated 11.93 Moz at 310 g/t Ag and inferred 3.06 Moz at 207 g/t Ag
• Outlined a series of new drill targets within the existing claims defined by high grade outcrop / trench channel silver results +/- geophysics
• Data analysis suggests that the Virginia Silver system may extend outside Mirasol’s claims
• Mirasol is in the process of consolidating surrounding exploration claims to test this and anticipates starting reconnaissance in August
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7.25 M oz Ag @ 402 g/t 55 K oz Ag @ 344 g/t
1 km
Untested Drill Targets (1 to 5)
1.
2.
3.
4.
5.
1 km
1.0 M oz Ag @ 184 g/t 457 K oz Ag @ 187 g/t
1.02 M oz Ag @ 291 g/t 343 K oz Ag @ 175 g/t
412 K oz Ag @ 285 g/t 1.24 M oz Ag @ 268 g/t
287 K oz Ag @ 154 g/t 1.24 M oz Ag @ 268 g/t
160 K oz Ag @ 184 g/t
1.9 M oz Ag @ 239 g/t 571 K oz Ag @ 189 g/t
>10 g/t Ag Lab assay rock chip
>10 g/t Ag PXRF assay rockchip
Virginia
Project
Veins
Proposed Pit Outlines
Mineral Resource label
I Indicated resourceI Inferred resource
Rockchip AssaysAg g/t
250 to 25,080
120 to 250
30 to 120
7.251 M oz Ag @ 402 g/t 55 K oz Ag @ 344 g/t
Veins
Rockchip AssaysAg g/t
250 to 25,080
120 to 250
30 to 120
Drill hole collar
Drill hole trace
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MIRASOL RESOURCES
Focused on gold & silver discoveryMirasol Resources Looking Ahead
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• Active drilling at Claudia – CVSA JV delivering further results over coming months
• New seasons exportation to for Gorbea JV anticipated start up to 2nd season of exploration summer 2016
• Initiating new phase of exploration at Virginia high grade silver project in September 2016
• Actively perusing new JV deal on our drill ready projects
• Initiating exploration on Mirasol’s new pipeline projects in the Atacama – Puna region
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MIRASOL RESOURCES
Focused on gold & silver discovery
18
Mirasol Resources Summary
Demonstrated track record → Discovery to liquidity event
Conservative share structure 44.7 million issued shares → Managing our capital structure
Well funded CAD $18.7 million
Strong Joint Ventures delivering encouraging gold – silver drill results
Focused on delivering new deals on existing project bank
Aggressive counter cyclic project generation program has delivered (and is delivering) new quality projects
Position to deliver shareholder value creation via discovery in an improving precious metals market
Please visit our website and register to follow the Mirasol story www.MirasolResources.com
http://www.mirasolresources.com/
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