Assay results have been received from the first four holes from this year's program, with best assay intervals including:
- ATL-DDH-001A: 164m @ 0.52 g/t Au and 6.81 g/t Ag from 372m, including:
14m @ 1.07 g/t Au and 7.18 g/t Ag from 372m, and
16.5m @ 1.31 g/t Au and 7.82 g/t Ag from 402.5m - ATL-DDH-004: 20m @ 0.28 g/t Au and 15.96 g/t Ag from 393m, and
5m @ 0.31 g/t Au and 4.22 g/t Ag from 462m
ATL-DD-001A is a twin hole for ATL-DD-001 which was lost at 391m during the last field season. Mirasol previously reported on
Table 1: Significant Intersections from the 2019/2020 drilling program:
Hole ID | Total Depth (m) | From (m) | To (m) | Interval (m) | Au (ppm) | Ag (ppm) | Cut Off * |
ATL-DH-001A | 560m | 372 | 536 | 164 | 0.52 | 6.81 | 0.3 g/t AuEq |
Incl. | 372 | 386 | 14 | 1.07 | 7.18 | 1 g/t AuEq | |
Incl. | 402.5 | 419 | 16.5 | 1.31 | 7.82 | 1 g/t AuEq | |
ATL-DH-003 | 167.8m | Hole did not reach target area. | |||||
ATL-DH-003A | 436m | Twin hole - No mineralization to report | |||||
ATL-DH-004 | 530.2m | 393 | 413 | 20 | 0.28 | 15.96 | 0.3g/t AuEq |
462 | 467 | 5 | 0.31 | 4.22 | 0.3g/t AuEq | ||
ATL-DH-005 | 379.45m | Hole did not reach target area. No mineralization to report | |||||
ATL-DH-006 | 575.1m | Assay Result Pending | |||||
ATL-DH-007 | 500m | Assay Result Pending |
Additional Explanatory Notes:
* AuEq is the sum of the value of Au and Ag calculated as an Au equivalent g/t value via the formula:
Au assay in g/t + (Ag assay in g/t ÷ 80)
About
Mirasol is a premier project generation company that is focused on the discovery and development of profitable precious metal and copper deposits, operating via a hybrid joint venture and self-funded drilling business model. Strategic joint ventures with precious metal producers have enabled Mirasol to maintain a tight share structure while advancing its priority projects that are focused in high-potential regions in
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Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.
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