A PREMIER PROJECT GENERATOR - Mirasol...
Transcript of A PREMIER PROJECT GENERATOR - Mirasol...
Mirasol Resources Ltd.910-850 West Hastings StreetVancouver, BCCanada V6C 1E1(604) 602-9989www.mirasolresources.comTSXV - MRZ
A PREMIER PROJECT GENERATOR
FEBRUARY 2018
Mirasol Resources Ltd.910-850 West Hastings StreetVancouver, BC, Canada V6C1E1(604) 602-9989www.mirasolresources.comTSXV - MRZ
For further information contact:
Stephen Nano / Jonathan Rosset
Cautionary Statement
This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other thanstatements of historical fact, that address future operations, resource potential, exploration drilling, exploitation activities and events or developmentsthat the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and aregenerally, but not always, identified by the words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similarexpressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Information inferred from the interpretation of drilling resultsand information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of whatmight be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differmaterially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-lookingstatements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic,market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results ordevelopments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs,estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update theseforward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, except as may be required byapplicable law.
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”), however the US Securities and ExchangeCommission does not recognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories willever 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 scientificand technical information in this presentation.
MIRASOL RESOURCES
3
Macro Supply/ Demand Drivers for the Project Generation Model
• 40 Gold / Copper / Silver Projects in Chile and Argentina
• Strong demand for quality exploration projects and
Exploration teams
Mirasol is positioned to accelerate drilling on its portfolio projects via JV model
Exploration Budgets by Company Type, 2008 – 2017Latin America, US$M 2014-2016: downturn in global exploration spend;
Mirasol countercyclical portfolio building
Exploration budgets by target, 2008-17
12,000
US$M
10,000
8,000
6,000
4,000
2,000
0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2017 Upswing in majors’ exploration spend and commodity prices; Mirasol focus on Business Development to accelerate drilling of projects
Exploration Budgets by Target, 2008 – 2017US$M
9 Deal Ready Project Clusters
19 early stage pipeline projects
Focus: Chile and Argentina – Gold + Copper + Silver
4
Partner funded Minimum budget over
12 monthsATACAMA PUNA
GENERATIVE REGION
SANTA CRUZ GENERATIVE REGION
Argentina: Claudia – OceanaGold
Argentina: La Curva – OceanaGold
Chile: Gorbea – Yamana Gold
Chile: Altazor – Newcrest MiningCAD $ 7.8M
8,000mdrilling
Business Development emphasis to
accelerate on new JV Deals
2015
2017
2017
2017
5
Chile Project Portfolio
Chile: World-Class Belts /Strong Deals / Gold + Copper + Silver
6
Approximate contained metal reserves & resources
Belt Target
Paleocene High grade Gold - Silver
Eocene-Oligocene Porphyry Copper
Mio-Pliocene Oxide Gold
JV Option Agreements Partner
Gorbea Yamana Gold
Altazor Newcrest Mining
Deal Ready Projects Commodities
Zeus Gold
Rubi Copper
Odin Copper
Taltal
Copiapo
El Penon
El Guanaco
Inca de Oro
Relincho
Argentina
Chile
Antofagasta
100km
Taca Taca12MT Cu
Taltal
Antofagasta
ChuquicamataCluster
Copiapo
Potrerillos
Gaby
El Salvador
EscondidaCluster
100km
ArgentinaChile
Salares Norte3.3 Moz Au42.1 Moz Ag
Veladero
Chile
Alturas6.8 Moz Au
La Coipa
Argentina
100km
Gorbea JVYamana Gold
Altazor JVNewcrest Mining
Zeus
Paleocene Igneous Belt Oligocene Igneous Belt Miocene Igneous Belt
Significant Au Deposit Significant Cu Deposit
Under JV Deal Ready Pipeline
Targeting Giant Gold / Copper deposits
Odin
Rubi
7
Chile: Odin Project - Porphyry Copper Target on Trend with Escondida
• Located on world class Chilean Porphyry copper belt
• 35 km North from giant EscondidaPorphyry cluster
• Targeting illustrates application of integrated leading edge exploration technologies
• Metal and alteration vectors outline exploration model for large scale conceptual covered porphyry copper target
Exciting porphyry copper project
JV partner search in progress
8
Chile: Rubi Project - 3 Porphyry Copper + Moly + Gold Targets El Salvador Porphyry Cluster
Adjacent to world-class copper mining districts of Potrerillos and El Salvador
Multiple large scale porphyry copper drill targets identified by Mirasol:
• Lithocap – 3.5 km x 2 km area centered on a large, deeply weathered, advanced argillic alteration zone, surrounded by thin gravel cover
• Zafiro – 2.8 km x 2.2 km gravel covered area characterized by a subtle circular magnetic high surrounded by an incomplete, doughnut-shaped magnetic low
• Portezuelo – 4.5 km x 2.7 km target area characterized by relatively thin gravel cover and intermittent outcropping
Evidence for multiple porphyry centres that merit drill testing
JV partner search in progress
Carried to Production
Feasibility Study + Decision to Mine
Chile: Gorbea Belt – Yamana JV Atlas HSE Gold + Silver
9
US$ 10M Exploration Expenditures US$ 2M cash payments
4 years 3 years
51% 75%
3% NSR Royalty
conversion
Strong deal targeting multimillion ounce oxide gold discoveries
Confirmed presence of a large, deeply oxidized and strongly mineralized HSE gold system
Partner-funded drilling in progress
Year Third year of Drilling – Results and Activity
2016 1.38 g/t Au and 17.9 g/t Ag over 40 m,
including 1.82 g/t Au and 22.0 g/t Ag over 28 m
2017 1.07 g/t Au over 114 m,
including 2.49 g/t Au over 36 m
2018 2,500 m drill program in progress
* Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report 2016.
Mantos Blancos
Chimborazo
Escondida
El Peñon
Taca Taca
Gaby
Antofagasta
Argentina
Chile
Taltal
5
475
23
Chañaral
Socaire
La Coipa
Potrerillos
El Salvador
Inca del Oro
50 km
Nueva Esperanza
Altazor JVNewcrest
Mining
22,900 ha
Gorbea JVYamana Gold
23,000 ha
MRZ Odin Cu Project
MRZ Rubi Cu Project
Salares Norte*3.8 Moz Au,43.8 Moz Ag
MRZ Zeus Project 18,650 ha
10
Chile: Gorbea Belt - Yamana JV Project Portfolio Atlas Drilling 2018
DH10
Pampa
Zone
Atlas
Silver
Zone
Atlas
Gold
Zone
4 to 5 km diameter resistive feature.Resistivity correlates to strong to intensevuggy silica / silicification in holes
BX Norte
target
Falda
Zone
NN BX
South-East
BX
Phoenix
BX
Fox BX SHZ NE
Breccia
Steam
Heated
ZoneApollo
BX
Rock Chip and SoilGeochemicalAnomalies
Drill Hole (DH)Prefix: CLATRD00xx IP Geophysics
Mapped Breccia Bodies
Atlas Project
Resistivity(ohm m)
IP Resistivity Depth Slice 4,000m RL
Atlas
Sur
DH07
DH15
DH16
DH02Portezuelo
Breccia
2017-18Atlas Drill
Targets
2017-18 Q2 Drill Hole (DH)
Drilling AssaysGold Equiv (Au+Ag/60)
ATLAS
TITAN
EL DORADO
SIRIO
VENTURA
ORIONALTAMIRA
ALDEBARAN
10 km
ASTER Alteration
Alunite
Chlorite
Epidote
Illite
Kaolinite
Pyrophyllite
MRZ GorbeaGold Belt Claims
MRZ GorbeaGold Belt HighLow
Ground MagneticsReduced-to-Pole (RTP) Grid
DANAY
DH04
DH09
11
Chile: Gorbea Belt – Yamana JV Recap Atlas 2017 Drilling Results
Drilling at the SHZ target has outlined gold mineralization in an area of 650 m x 125 m x 200 m vertical interval
The SHZ mineralization is open to depth and laterally in all directions outside the area of current drilling Drilling in progress to test for near surface extensions of mineralization
Participating Interest
Chile: Altazor Project – Newcrest JV New HSE Gold deal
12* Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report 2016.
Funded Interest PEA$650k cash
US$ 10M Exploration Expenditures$600,000 option payments
5 years 4 years
51% 75% 80%
FS$650k
65%
+funding
New deal with Major Gold Producer
Targeting multi-million ounce HSE gold deposit
Partner-funded US$ 1.5M exploration program in progress
Characteristics Results Recent HSE Discoveries
Age Dating 7.8 Ma in key age bracket Pascua, Veladero, Salares Norte
Alteration Extensive (70 km sq.) steam heated cap, advanced argillic alteration, silicification and local vuggy quartz
Breccia Multiple breccia complexes developed over a 5 x 1.8 km area
Mineralization Significantly anomalous gold, silver, copper, lead, zinc
Mantos Blancos
Chimborazo
Escondida
El Peñon
Taca Taca
Gaby
Antofagasta
Argentina
Chile
Taltal
5
475
23
Chañaral
Socaire
La Coipa
Potrerillos
El Salvador
Inca del Oro
50 km
Nueva Esperanza
Altazor JVNewcrest
Mining
22,900 ha
Gorbea JVYamana Gold
23,000 ha
MRZ Odin Cu Project
MRZ Rubi Cu Project
Salares Norte*3.8 Moz Au,43.8 Moz Ag
MRZ Zeus Project 18,650 ha
Chile: Zeus Project – New HSE Gold Targets
13
Zeus Alteration Facies andRock Chip Gold Assays onGrid of Rock Chip Arsenic
Approx. 180m x 150m zone - 38 samples with gold assays in the range 0.1 to 1.276 g/t Au
Post mineral cover
Dacite lava/dome?
Post mineral cover
Up to 1.3 g/t Au, silica-pyrite altered, matrix supported polymictic breccias
Vuggy quartz + jarosite in brecciaup to 0.5 g/t Au
New Project – no drilling
3rd district scale project in the belt
Strong interest from precious metal Majors
• 40 km ESE of the multimillion ozSalares Norte by Gold Fields
• Large-area Au target in the prospective belt: 18,480 ha of contiguous claims
• Hosts two breccia-hosted gold targets – the Artemisa and Apollo prospects.
• Gold grades from rock chip sampling of up to 1.28 g/t Au
MIRASOL RESOURCES LTDFocused on gold & silver discovery
Santa Cruz Project PortfolioArgentina
Argentina: Large Portfolio / Strong Deals / High Grade Gold + Silver
15
Building on Discovery Successesin Santa Cruz
JV Option Agreements Partner
La Curva OceanaGold
Claudia OceanaGold
Deal Ready Projects Commodity
Virginia Silver
Indicated pit constrained mineral resource of 11.9 M oz of silver at 310 g/t and a further inferred 3.1 M oz of silver at 207 g/t 1
Sascha Gold + Silver
Homenaje Silver + Gold
Nico Silver + Gold
Espejo Silver + Gold
1 Amended Virginia Initial Silver Mineral Resource Estimate, February 29, 2016
Santa Cruz
Province
Argentina
Chile
50 km
Gobernador
Gregores
San Jorge
OilfieldLas Heras
Puerto
Deseado
Fitzroy
Perito
Moreno
San Julian
San JoseHochschild/McEwen Mining
Cerro NegroGoldcorp
JoaquinPan American Silver
VirginiaMirasol Resources
Manantial EspejoPan American Silver
MarthaHunt Mining
Cerro VanguardiaAngloGold/Formicruz
8.6 Moz Gold &~135 Moz Silver
Cerro MoroYamana Gold
Las CalandriasSandstorm Gold
Don Nicolas ProjectMinera Don Nicolas SA
Cap-OestePatagonia Gold
COSEPan American Silver
Road
Town
Au/Ag Mine/Resource
Ag Mine/Resource
Jurassic Volcanics
Claudia JVOceanaGold
LEGEND
Bajo
Caracoles
Virginia
Sascha
Homenaje
Nico
Espejo
Tres Norte
Marita
Libanesa
Morito
Julio
Zoe
Los Loros
La Curva JVOceanaGold
Argentina: Mirasol / OceanaGold – New Joint Ventures Gold + Silver
16
Participating Interest
Funded Interest PEA
US$ 7M Exploration Expenditures$1.25M option payments
4 years 4 years
51% 70%
La Curva
75%
FS
60%
+fund
Min
e D
ecis
ion
65%
Participating Interest
Funded Interest PEA
US$ 10.5M Exploration Expenditures$1M option payments
4 years 4 years
51% 70% 75%
FS
60%
Min
eD
ecis
ion
65%
Two strong deals reflecting the strength of the projects
Combined US$3M and 6,000m of Drilling
First Drilling program completed at La Curva – results pending
Drilling planned to start at Claudia in March 2018
+fund
Cerro Vanguardia8.9 Moz Gold &~137 Moz Silver(approximate reserves and historic production)
10km
Claudia Project
2.5km
*Gold Equivalent = Gold + Silver / 60
OutcroppingGranite Block
La Curva Project
US$ 1.25M spend, 3000m Drilling, 100k option payment
Claudia US$ 1.75M spend, 3000m Drilling, 100k option payment
2500 m
Argentina: Nico Project – New District Scale Target with Bonanza Grade Silver + Gold at Surface
17
1 to 103.13
0.5 to 1
0.25 to 0.50.1 to 0.250.05 to 0.10 to 0.05Below detection
Rock chip geochemistry Gold Equivalent g/t(Au+(Ag/60))
Newly recognized outcropping Silver + Gold district
3 new prospects identified to date
Bonanza grade rock chips at surface
JV partner search in progress
• Within trucking distance to nearby mines Manantial Espejo –Pan American Silver, Martha – Hunt Mining
• Large, under explored land package: 53,000 ha
• Intermediate Sulfidation Epithermal target
• Multiple prospects with mineralized vein-breccia zones
• Peak grades from rock chip sampling:
• Gold: up to 35 g/t; Silver: up to 6,000 g/t
EndeavourBest Drill Intercept
8.25m @ 0.43 g/t Au and 37 g/t AgInc. 1.25m @ 2.17 g/t Au and 197 g/t Ag
New - ResolutionPeak Rock Chip Assay
4.79 g/t Au – 6,181.4 g/t Ag
New- AuroraPeak Rock Chip Assay
35.09 g/t Au – 2,095.9 g/t Ag
Nico Property Boundary
Nic
o P
rop
erty
Bo
un
dar
y
New- Vittoria Rock Chip Assays Pending
Gobernador
Gregores
Manantial EspejoPan American Silver
MarthaHunt Mining
COSEPan American Silver
Homenaje
Espejo
Nico
JoaquinPan American Silver
Cap-OestePatagonia Gold
50 km
News Flow and Summary
Mirasol Resources Looking Ahead – News Flow
19
• Results from 2,500m drilling program at Atlas – Titan targeting giant HSE gold deposit – In Progress
• Results from 2,500m drilling at La Curva – targeting a high grade gold and silver deposit
• Exploration results at Claudia and planned 3,000m of drilling in Q2 2018
• Exploration results from the Altazor US$1.5m surface program and drill targeting effort
• Aggressive business development strategy for deals on JV ready projects:• Zeus Gold• Nico Silver - Gold• Rubi Copper• Odin Copper• Virginia Silver
• Exploration results from Mirasol at gold and copper pipeline projects
Strong news flow from exploration and business development initiatives
Project Generator focused on gold, silver and copper discoveries in Chile and Argentina
• Well funded C$ 21 M cash (Sept 30, 2017)
• Conservative capital structure • 49 M shares outstanding• 3 M Stock options outstanding
• Aligned interest with +30% insider position
• Leading-edge technology and discovery team
• Multiple Active JVs – strong partners, strong projects, strong deals
• Large portfolio of drill-ready projects
• Pipeline of early stage projects in Chilean / Argentine world-class mineral belts
Mirasol Resources – Corporate Summary
20
Cap
ital
Str
uct
ure
Port
folio
Skill
s
Positioned to maximize value creation for shareholders
21
MIRASOL RESOURCES LTD
POSITIONED TO DELIVER SHAREHOLDER VALUE CREATION THROUGH DISCOVERIES
Please visit our website and register to follow the Mirasol story
www.mirasolresources.com