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July 26, 2017

Mirasol Resources extends Odin copper project area, Chile

Mirasol Resources has expanded its claims holdings at the Odin copper project in northern Chile from 900ha to more than 5,660ha, increasing the district scale alteration system previously reported at the site.  

Mirasol Resources has expanded its claims holdings at the Odin copper project in northern Chile from 900ha to more than 5,660ha, increasing the district scale alteration system previously reported at the site.   

With the addition of the new claims in Oligocene age copper belt, the area of alteration controlled by Mirasol at Odin project increased from 2.6km² to 6.5km². 

Mirasol Resources CEO Stephen Nano said: "Mirasol now controls a significant claims package at Odin, an area that hosts a compelling conceptual porphyry Cu target, along trend for one of the world’s premier copper mines.

"Early exploration results have increased the prospectivity of the project and suggest the potential to develop further targets at the property." 

"Early exploration results have increased the prospectivity of the project and suggest the potential to develop further targets at the property."

The company is contemplating systematic field exploration to examine the potential of recently acquired claims to contain additional porphyry copper targets. 

Separately, Mirasol has discovered three large-scale porphyry Cu-Mo-Au targets, alongside expanding its claim holdings at Rubi Project adjacent to the giant El Salvador copper mining district in northern Chile. 

Over the past year, the company consolidated claims holdings at Rubi, expanding the claim area to a total of 26,000ha. 

Recently, field evaluation and targeting programmes at the project identified three large-scale Cu-Mo-Au targets at the Lithocap, Zafiro, and Portezuelo prospects through integrated analysis, including re-logging of drill holes.

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