The assay results for drill holes SCC-125 and SCC-136 are pending. These recent intersections continue to demonstrate and provide valuable insights into the extent and consistency of the mineral resource and areas for potential additions. Multi-purpose infill and development drill holes, not previously included in the December 31, 2022, Mineral Resource Estimate, have intersected high-grade copper oxide and chalcocite mineralization, some in areas where copper mineralization was previously undefined.ĭrill hole SCC-125 targeted definition and expansion of the high-grade Exotic Copper Domain in the current Mineral Resource Estimate and intersected visible atacamite, chrysocolla, and chalcocite mineralization starting at a downhole depth of approximately 586 meters.ĭrill hole SCC-136, located in the northwestern region of the Santa Cruz Deposit, targeted a mineralized and resource controlling fault, but also intersected visible copper oxide and chalcocite mineralization starting at a downhole depth of approximately 432 meters in an area undefined by previous drilling. The infill and development drilling program continues to characterize key geotechnical, hydrogeological and metallurgical characteristics of the Santa Cruz Deposit. Infill Drilling Continues to Support the Current Mineral Resource Model With the continued success of our drilling campaigns, the completion of our large surface land acquisition in May and the continued advancement of our Initial Assessment, we are excited about the future at Santa Cruz." Our Q3 activities will include large-diameter pump tests that will further support our understanding of the hydrogeology of the Santa Cruz Project. This knowledge plays a vital role in the preparation of our Initial Assessment. Our ongoing infill and geotechnical drilling have provided us with important information about the geologic features that control high-grade copper mineralization and rock mechanics. Melvin commented: "We continue to advance our understanding of the Santa Cruz copper discovery through our extensive drilling program. By doing so, we are aiming not only to support United States supply chain independence for electric metals but also create quality jobs for Arizonans." This first detailed study will provide us with valuable insights into the economic potential at Santa Cruz, moving us closer to building a modern, underground copper mine in Arizona. We remain on track to deliver an important Initial Assessment of the Project by the end of Q3 2023. Friedland commented: "Our hardworking team of women and men have been making steady progress at the Santa Cruz Copper Project, uncovering high-grade copper mineralization in areas that were previously unknown and expanding our technical knowledge in underground areas near conceptual development. Mirasol continues to execute on its strategy in Santa Cruz, identifying exciting new prospects that can be rapidly advanced into compelling drill-ready projects.Mr. Members of Mirasol’s management team were also among the very first explorers in Santa Cruz and they have directly contributed to the discovery of a number of deposits including the world-class Cerro Negro Mine currently operated by Newmont. Mirasol has a track record for success in this region with the discovery of the Joaquin silver deposit that was sold to our Joint Venture partner in 2012 for US$60 million in cash and shares, and the discovery of the 100% Mirasol owned Virginia high-grade silver project (an open-pit constrained indicated mineral resource of 11.9 million ounces of silver at 310 g/t and a further inferred 3.1 million ounces of silver at 207 g/t 1). ![]() ![]() The province, which had no precious metal mining history prior to the commissioning of the Cerro Vanguardia mine in 1998, is now home to seven operating high-grade gold-silver mines confirming the perspectivity of Santa Cruz for the discovery of high value gold-silver deposits. The Santa Cruz province is an attractive destination for exploration and mining investment in Argentina. Our integrated exploration and target generation process enabled us to build on our knowledge to remain at the forefront of discovery in the province. Mirasol was founded in 2004 on the concept of applying remote sensing to the discovery of precious metal deposits in this highly prospective under-explored terrain. ![]() Mirasol holds a significant land position in the Santa Cruz province, Argentina, owning 100% or controlling exploration rights to a large portfolio of quality, low and intermediate sulfidation epithermal gold and silver projects.
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