La Curva Project July, 2016 - Mirasol Resources...

Focused on Gold and Silver Discovery in the Americas

La Curva ProjectMay, 2017

Mirasol Resources Ltd.910-850 West Hastings StreetVancouver, BCCanada V6C 1E1(604) 602-9989www.mirasolresources.comTSXV - MRZ

For further information contact:Stephen Nano President and [email protected]


Cautionary Statement

This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, that address futureoperations, resource potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward looking statements. Forward looking statements arestatements that are not historical facts and are generally, 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 results and information concerning mineral resourceestimates may 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 actually developed. Although the Companybelieves 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-looking statements include market prices, exploitation andexploration 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 offuture performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates andopinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs,estimates or opinions, or other factors, should change, except as may be required by applicable law.

This presentation may use the term “indicated resource”. The Company advises investors that although this term is recognized and required by Canadian securities regulations (under National Instrument43-101 “Standards of Disclosure for Mineral Projects”), however the US Securities and Exchange Commission does not recognize this term. Investors are cautioned not to assume that any part of or all of themineral 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 and technical information in this presentation.

MIRASOL RESOURCES


Santa Cruz Gold – Silver Portfolio: La Curva OceanaGold JV

3

• Mirasol Resources has a large portfolio of high quality, 100% owned, drill ready gold - silver projects in Santa Cruz province, Argentina

• La Curva gold - silver project Joint Ventured to OceanaGold 18th May 2017

• Targeting high grade, low sulphidation epithermal gold - silver mineralization

• Compelling drill ready targets defined at La Curva prospects, Cerro Chato, Lomo Arthur and Southwest

• First year OceanaGold JV commitment of US$ 1.25M in exploration spend, including 3,000 meters of drilling

Santa Cruz province, Jurassic age volcanic terrain

• World class high grade gold - silver epithermal district

• Four operating large scale gold - silver mines and additional new mine development


La Curva – Gold - Silver Project Overview

4

References1 Extorre Gold Mines Ltd.

News Release Feb 22, 20112 Mariana Resources Ltd.

News Release Jul 11, 20113 Dark Horse Resources

News Release Nov 22 2016

MRZ La CurvaProperty

36,100 ha

Los Domos3

La Punta Target Falcon1 Au-Ag Project

53m @ 1.12 g/t Au& 30g/t Ag

Las Calandrias 2

Au-Ag Project0.4 Moz Au & 6.77 Moz Ag

(Ind. & Inf. Resource)

SouthWest

Cerro Chato

Loma Arthur

Base Imagery: ESRI WorldImage Satellite Image

Curva West

OutcroppingGranite Block

Base Imagery Ground Magnetics (RTP)

Inset

La Curva

Max Au 20.73 g/tMax Ag 153.6 g/t

Curva West


SouthWest


Loma Arthur


Cerro Chato

P r e p a r e d b y :

P r e p a r e d f o r :

*Gold Equivalent = Gold + Silver / 60

• 36,100 hectares of mineral exploration claims

• Low altitude setting, favourable infrastructure with a sealed highway and gas pipeline traversing the project

• Mirasol discovery – no previous drilling

• Widespread evidence of gold –silver mineralization confirmed

• Drill ready targets defined: Cerro Chato, Lomo Arthur and Southwest along 6 km long La Castora Gold Trend

• Additional prospects identified in La Curva West that require further exploration to identify new drill targets


La Curva Gold – Silver Project: Geological Setting

Permian sandstone Basement block

Buried granite or Rhyolite dome

Outcrop Permian hornfels block

Triassic granite blockbasement

Extensive rhyolite dome dyke field

Gravel covered basement block contact

• Prospective geology – Horst and Graben extensional setting for Jurassic age volcanism and mineralization • Mineralization associated with rhyolite to dacite volcanic domes and dykes, hosted within La Matilda epiclastic

sediments and Chon Aike ignimbrite sequence • Gold - silver mineralization in low sulphidation epithermal veins, sheeted veinlets and breccias, with multiple

rock chip assays in the 5.0 to 66.8 g/t Au range.

Gravel covered Jurassic volcanics



Southwest

Loma Arthur

Cerro Chato

Curva West

Base Imagery: Ground Magnetics (RTP)

Structural Interpretation RTP Magnetics

Minor Regional Structure

Major Regional Structure

Interpreted Block Boundary

Inset

La Curva

Vein floats

Hydrothermal Breccia

Tectonic Breccia

Polylithic Breccia

Jurassic Volcanic & Sub-volcanic

Matilde

Chon Aike

Bajo Pobre?

Basement

Laminated/Massive Tuff & fine ash tuffs

Intr

usiv

e U

nits

Rhyo

litic

Uni

ts

Silica deposits (sinters)

Devitrified rhyolitic ignimbritesGraded units (Politic conglomerates to sandstones)Epiclastic politic breccias (distal facies)Epiclastic politic breccias(proximal facies)Acid dikes/sills/flow

Intermediate dikes/flowsBrecciated ignimbrites with glassy rhyolitic clastsBrecciated tuffs with flow banded clasts

Lapillitic rhyolite ignimbrites

Rhyolite dome facies

Glass shards rich welded tuffs

Obsidian rich ignimbritesWelded pumice-lithic rich ignimbrites/tuffsLithic-crystal lapillitic tuffs (magnetic clasts)Crystal rich tuffs/ignimbrites

Granite (La Leon Fm)Permian Quartz Sandstones (Juanita Fm?)

Intermediate lithic-crystal coarse tuffs (non-welded)Andesitic polilitic breccias

Legend

5


Resistivity (ohm-m)Max850

Chargeability (mV/V)Max 55

3D Resistivity Contour Thickness (m)

Contour Thickness of the 3D Resistivity Anomaly

December 2016 Rock Chip Sampling

IP Resistivity : Depth Slice - 50m

Outline of Cerro ChatoSilica Cap

IP Chargeability : Depth Slice - 50m

Large chargeable anomaly up to55 mV/V coincident with areasof high resistivity

Large resistivity anomaly, up to 850 Ohm-m semi-coincident with the Cerro Chato silica cap

December 2016 rock chip sampling to 10.76 g/t Au and 24.05 g/t Ag

3D resistivity thickness model. Thickest area of model (in red) at +100 Ohm-mHighlights sigmoidal shape resistivity anomaly

Au g/t Ag g/tMax 10.76 24.05Min <0.01 <2

Average 0.85 1.9

Au Assays % of samples Au g/t69 Samples 29.7% > 0.541 Samples 17.7% > 1.022 Samples 9.5% > 2.011 Samples 4.7% > 5.01 Sample 0.4% > 10.0

Ag Assays % of samples Ag g/t84 Samples 36.2% > 2.051 Samples 22.0% > 3.029 Samples 12.5% > 5.016 Samples 6.9% > 10.08 Samples 3.4% > 15.0

Cerro ChatoGold - Silver Rock Chip Assays

Total samples = 232

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La Curva – Cerro Chato Prospect, Targeting

• Large silica cap crosscut by 300m long zone of sheeted epithermal veinlets

• Rock chip assays up to 10.76 g/t Au and 24.05 g/t Ag

• Extensive, coincident IP resistivity and IP chargeability anomalies underlie silica cap

• Compelling drill target for bulk mineable gold-silver mineralization


7

La Curva – Cerro Chato Prospect, Cross Section Model

Chargeability +10 mV/V

Conductive layer — Clay cap?

Resistivity +200 Ohm m

250m

Cross Section 49,230E : Exploration Target from 3D Geophysical Model

Chargeable body 750mResistive body 500m

Upwardly flaring, funnel shaped resistivity anomaly. Conceptual stockwork and feeder zone drill target

Resistivity +100

Ohm-m

Chargeability +20 mV/V

P r e p a r e d b y :

P r e p a r e d f o r :

250m

0m

10.76 g/t Au and 24.05 g/t Ag outcropping / sub-cropping veinlets projected onto

section

Sigmoidal shaped resistivity anomaly, spatially coincident with gold-silver veinlets

Label:

Gold g/t /Silver g/t

IP Resistivity ModelThickness Contours

Contour 120 m

Contour 90 m

Contour 80 m

Geophysical Sections

Rock Chip AssaysGold g/t

2 to 10.80.5 to 20.1 to 0.50.05 to 0.10.01 to 0.050 to 0.01Below Detection

Colloform banded epithermal veinlet cross cutting the Cerro Chato silica cap Assay results up to 10.76 g/t Au and 24 g/t Ag

Cerro Chato silica cap, formed from Silica –clay altered laminated (waterlain?) volcanic ash. Not mineralized

• The Cerro Chato silica cap is composed of barren strongly silicified, laminated volcanic ash.

• December 2016 prospecting outlined a 300 m by 55 m zone of east-northeast oriented colloformbanded epithermal veinlets. The veinlets are up to 20 cm wide, form three veinlet trends and have returned assays up to 10.76 g/t Au and 24 g/t Ag.

• The veinlet trends overlie a large sigmodal shaped resistivity anomaly and may represent “geochemical leakage” from a concealed mineralized zone underlying the silica cap.

A priority target for drill testing


La Curva – Loma Arthur Prospect

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Outline of Buried Magnetic Anomaly

Gravel Cover

Outline of Resistive Anomalies from Pole Di-pole Electrical Geophysics

40 Ohm-m

100 Ohm m

200 m

Gravel Cover

Gravel Cover


Labelled Rock Chip Assays

Gold (g/t) / Silver (g/t)66.8/20.2

Rock Chip Assays by Gold Equivalent* (g/t)

0.0 to 0.015 0.1 to 0.5

0.05 to 0.1

0.015 to 0.05

Below Detection

1 to 67.2

0.5 to 1


66.8/20.237.61/7.4

22.08/2.117.25/4.1

Au g/t Ag g/tMax 66.8 35.5Min 0.008 <0.5

Average 4.85 2.15Au Assays % of samples Au g/t

67 Samples 67% > 0.553 Samples 53% > 1.035 Samples 35% > 2.021 Samples 21% > 5.014 Samples 14% > 10.0

Loma Arthur Gold - Silver Rock Chip Assays

Total samples = 100


2.23/1.9

Gravel Cover

Gravel Cover

• 400 meter diameter hill of altered volcanics, surrounded by thin gravel cover

• Multiple epithermal vein trends traverse the hill

• Rock chip samples of sub-meter wide veins assayed up to 66.8 g/t Au and 35.5 g/t Ag

• 1 km diameter, gravel covered magnetic anomaly may represent covered volcanic dome

Priority drill target for high grade gold mineralization on the margin of buried volcanic dome


La Curva – Loma Arthur Prospect

50 m

66.8/20.237.61/7.4

54.4/9

46.9/6.3

22.08/2.1

17.25/1.7

16.95/4.1

15.6/7.4

14.6/10.9

12.56/1.8

10.32/7.9

100 Ohm m

40 Ohm-m



Gold (g/t) / Silver (g/t)66.8/20.2

Rock Chip Assays by Gold Equivalent* (g/t)

0.0 to 0.015

0.1 to 0.50.05 to 0.1

0.015 to 0.05

Below Detection

1 to 67.2

0.5 to 1


9

• Widespread, high grade gold-silver mineralization in sub-meter wide epithermal vein trends

• Classic low sulphidation veining with colloformbanded and bladed lattice texture

• Petrology shows veins composed of quartz-adularia with native gold and electrum


La Curva – Southwest Prospect

1.03/9.8

5.33/ 12.9

1.37/ 13.7

5.97/ 6.55.11/ 5.9

Gradient Array Resistivity RTP Magnetics

Gradient ArrayInterpretation

Transition BoundaryOutcropping Vein

Mineralized Zone

Magnetic Interpretation

Magnetic Low Zone

Deflation Zone

Gradient Array (Resistivity)




Interpreted Block Boundary StronglyResistivity

StronglyConductive

Ohm-m

GroundMagnetics (RTP)

Strong Weak

nT

Rock Chip AssaysAuEq60 (g/t)*

1.00 to 6.31

0.50 to 1.000.25 to 0.500.10 to 0.25

Labelled RockChip Assays

5.33/12.9

* Gold Equivalent = Gold + Silver / 60

0.0 to 0.015

0.015 to 0.05

Below Detection

SouthwestGold - Silver Rock Chip Assays

Total samples = 214

Au g/t Ag g/tMax 6.17 33.9Min <0.01 <0.5

Average 0.38 2.67

Au Assays % of samples Au g/t37 Samples 17.3% > 0.520 Samples 9.3% > 1.010 Samples 4.7% > 2.03 Samples 1.4% > 5.00 Samples 0.0% > 10.0


Gold (g/t) / Silver (g/t)

1.3 km long zone of narrow veinletsAssays to 6.17 g/t Au and 33.9 g/t Ag

• 1.3 km long zone of subcropping and outcropping epithermal veinlets with selective rock chip assays to 6.17 g/t Au and 33.9 g/t Ag• Hosted by silicified rhyolite-ignimbrite and epiclastic sediments • Gradient array, electrical geophysics and ground magnetics show prospective structural setting localized over the buried structural edge of basement horst

block and volcanic graben.


A r g i l l i c - S i l i c i f i e d E p i c l a s t i c U n i t s

L e s s S i l i c i f i e d T u f f s

P e r m i a n B a s e m e n t ?

Interpreted Fault

S t r o n g S i l i c i f i e d T u f f s

F e e d e r Z o n e

Outcropping Normal Fault

5.33 g/t Au 1.10 g/t Au 0.63 g/t Au

R e s i s t i v e Z o n e ( 1 5 0 o h m m )

C h a r g e a b l e R e s i s t i v e Z o n e ( 9 m s e c )PDP Line 49300E

Chargeabil ity - PDP Line 49300E

Resistivity - PDP Line 49300E









Interpreted Fault Outcropping Normal Fault

Interpreted Fault Outcropping Normal Fault

5.33 g/t Au 1.10 g/t Au 0.63 g/t Au

5.33 g/t Au 1.10 g/t Au 0.63 g/t Au

F e e d e r Z o n e

F e e d e r Z o n e

La Curva: Southwest Pole Dipole L49300E Section Model

Ohm-m

2 450

msec

1.3 11.4

100 m

100 m

100 m

100 m

11

100 m

100 m

• IP geophysics shows coincident funnel shaped resistivity and chargeability anomalies

• Centered over buried fault zone that marks contact of basement horst block and volcanic graben

• Epithermal veinlets sampled at surface may represent “leakage” from larger mineralized zone at depth, as suggested by IP anomalies

Priority target for drill testing


Same structure as previous photo, banded chalcedonic silica veinlet (with adularia) in silicified

crystal tuffs, assays to 3.10 g/t Au

Crystal tuffs with banded chalcedonic silica veinlets with up to 15 cm thick, assays to 5.33 g/t Au

Parallel epithermal veinlets up to 10 cm wide (sheeted veins) crosscutting silicified rhyolitic tuff,

Select rock chip samples assayed up to 5.33 g/t Au

La Curva: Southwest Prospect Mineralization

12


La Curva: Curva West Prospect – Ground Magnetics and Rock Chip Assays

AS Magnetics Image with Interpreted Structures

1.43/8.51.72/15.31.28/6.4

1.93/153.6

Target 2:

Target 11.44/30.61.39/8.5

Target 51.67/0.9


Gold (g/t) Silver (g/t)

5.33/12.9

Rock Chip AssaysGold Equivalent g/t


1 to 67.10.5 to 10.25 to 0.50.1 to 0.250.01 to 0.10 to 0.01Below detection

1000 m




Interpreted Block Boundary

Corridor of higher gradeepithermal vein blocks

concentrated along buried fault margin of volcanic basin

Target 320.73/18

15.22/36.414.25/26.6

2.92/8.9

Target 412.9.62.4

1.43/24.7

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• Similar geological setting to La Castora Gold Trend

• Combination of geological mapping and detailed ground magnetics shows partially outcropping granite basement fault block and Jurassic age volcanic basin

• Large blocks of low sulphidation epithermal veins and breccias hosted within the Jurassic age epiclastic sediments

• Rock chip samples of mineralized blocks return assays of up to 20.7 g/t Au and 18 g/t Ag

• Mineralized blocks are angular and cluster together adjacent to rhyolite flow dome margins or overlie the buried fault controlled volcanic basin margin, suggesting they are close to the source area of the mineralization

Further exploration required to define drill targets for high grade epithermal gold-silver mineralization

Grayscale RTP walk magnetics


La Curva: Curva West Prospect – Geology and Exploration Model

• Fault controlled Triassic age granite basement block (Horst) with Jurassic age volcanic basin (Graben)

• Eroded blocks of high grade epithermal mineralization within epiclastic sediment overlying Jurassic volcanics

• Blocks of epithermal mineralization up to 5 meters in size, cluster around volcanic rhyolitic flow dome margins and overlying buried Horst block margin

• The large size and angular shape of mineralized blocks suggests they are close to their source area of mineralization

Prospective setting for concealed high grade gold-silver mineralization

Labelled Assays

Gold (g/t) / Silver (g/t)

Rock Chip AssaysGold Equivalent g/t


1 to 67.10.5 to 10.25 to 0.50.1 to 0.250.01 to 0.10 to 0.01Below detection

B

A

T4 - Large block of volcanic wall rock in epiclastic with colloform veinlet

12.9 g/t Au, 64.2 g/t AgT3 – Fine saccharoidal to Chalcedonic

14.25 – 20.73 g/t Au vein

Target 2

Target 11.44/30.61.39/8.5

Target 51.67/0.9

1.43/24.7

Target 3

Target 412.9.62.4

2.92/8.9

1.43/8.5

1.72/15.31.28/6.4

1.93/153.6

20.73/1815.22/36.414.25/26.6

1.67/0.9

T2 – colloform saccharoidal & grey pyritic chalcedonic veins 1.93 g/t Au, 153.6 g/t Ag

T2 - Concentration of angular mineralized blocks near granite contact - 1.72 g/t Au,

15.3 g/t Ag

1000 m

14

T r i a s s i c g r a n i t e h o r s t b l o c k

J u r a s s i cC h o n A i k e V o l c a n i c

g r a b e n

E r o d e d b l o c k s o fM i n e r a l i z a t i o n i n e p i c l a s t i cs e d i m e n t , s o u r c e f o r T 1 / T 2

A r g i l l i ca l t e r a t i o n

h a l o

A r g i l l i c a l t e r a t i o no f e p i c l a s t i c

m a t r i x

C o n c e p t u a l t a r g e t , m i n e r a l i z a t i o n

P o o l e d b e n e a t h v o l c a n i c f l o w

d o m e

M i n e r a l i z e d b l o c k s ,

S o u r c e f o r T 3 g o l d a n o m a l i e s

C o n c e p t u a l t a r g e tE p i t h e r m a l

m i n e r a l i z a t i o n h o s t e d b y g r o w t h f a u l t s

500 m

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