Mirasol Resources Ltd · TSXV:MRZ
Mirasol Resources — Corporate Update (February 2016)
20 slides from Mirasol Resources's corporate update, February 2016
Slide 1: Time of Opportunity for Project Generators – Corporate Update February 2016
MIRASOL RESOURCES Focused on gold & silver discovery Time of Opportunity for Project Generators Corporate Update February 2016 TSX.V: MRZ Stephen Nano President & CEO
Slide 2: Cautionary Statement
MIRASOL RESOURCES Focused on gold & silver discovery MIRASOL RESOURCES Cautionary Statement This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical fact, that address future production, reserve
Slide 3: Time of Opportunity for Project Generators
Time of Opportunity for Project Generators MIRASOL RESOURCES Focused on gold & silver discovery Global gold production ~ 80Moz/yr Explorers finding <50% of the developable Oz required to replace this production mining more than we are finding / declining reserve base Exploration and generative tea
Slide 4: Mirasol Resources
MIRASOL RESOURCES Focused on gold & silver discovery MIRASOL RESOURCES
Slide 5: Mirasol Capital Structure & Shareholding
Mirasol Capital Structure & Shareholding MIRASOL RESOURCES Focused on gold & silver discovery Well funded • $18.9M Cash in Bank • $3.1M Anticipated tax recoveries • Total $22M CAD Aggressive 2016 exploration budget = $6.5M CAD Conservative capital structure • 44.2 million shares outstanding • 46.9 m
Slide 6: Mirasol Board & Management
Mirasol Board & Management MIRASOL RESOURCES Focused on gold & silver discovery Board – strong finance & resource industry backgrounds Dana Stephen Tim John Nick Borden Prince Nano Heenan Tognetti DeMare Putnam Chairman Director Director Director Independent Independent Director Director Quality Man
Slide 7: Sustaining Mirasol for Discovery
Sustaining Mirasol for Discovery MIRASOL RESOURCES Focused on gold & silver discovery Well funded from sale of previous generative discovery - $22M in cash and receivables High calibre discovery focussed exploration team and board Quality Project Bank – 10 JV ready projects Delivering strong JV deal
Slide 8: Mirasol Value Creation for Shareholders
Mirasol Value Creation for Shareholders MIRASOL RESOURCES Focused on gold & silver discovery Share price – CAD $ JV Partner Spend to 51% - US $ Million US $ Million 14 Investing shareholder funds 12 to build a project bank $8 10 Leverage Project through JV’s for drill testing Shareprice in CAD $ $6
Slide 9: Mirasol Project Generation
MIRASOL RESOURCES Focused on gold & silver discovery MIRASOL PROJECT GENERATION New Atacama-Puna Generative Program Targeting giant gold-silver-copper discoveries Delivering new projects to the pipeline
Slide 10: New Atacama-Puna Generative Program
New Atacama-Puna Generative Program MIRASOL RESOURCES Focused on gold & silver discovery Three focus regions within Atacama – Puna Generative Program • Northern Mio-Pliocene – Giant high sulphidation Gold-Silver & Giant NORTHERN MIO-PLIOCENE porphyry Gold-Copper EXPLORATION • Southern Mio-Pliocene B
Slide 11: Atacama-Puna: Northern Mio-Pliocene Generative Region
Atacama-Puna : Northern Mio-Pliocene Generative Region MIRASOL RESOURCES Focused on gold & silver discovery Northern Mio-Pliocene Belt – targeting giant high sulphidation epithermal gold deposits NORTHERN MIO-PLIOCENE GENERATIVE REGION Seasonal exploration but large prize Hydrothermal breccia New la
Slide 12: Atacama-Puna: Paleocene Generative Region
Atacama-Puna : Paleocene Generative Region MIRASOL RESOURCES Focused on gold & silver discovery Paleocene Region - low altitude, good infrastructure, year round exploration Balances Mio-Pliocene seasonal exploration Carbonate – base PALEOCENE GENERATIVE metal vein fill Targeting large epithermal pre
Slide 13: Mirasol Project Bank
MIRASOL RESOURCES Focused on gold & silver discovery MIRASOL PROJECT BANK Large portfolio of quality drill ready projects Delivering strong JVs with producers Gorbea JV drilling at Atlas gold project
Slide 14: Mirasol Project Bank – Drill Ready Projects Chile & Argentina
MIRASOL RESOURCES Mirasol Project Bank – Drill Ready Projects Chile & Argentina Focused on gold & silver discovery ATACAMA – PUNA GENERATIVE Large Drill Ready Portfolio Focused on new JV deals Gorbea JV Headline projects: • Atlas – Au-Ag Headline • Titan – Au-Ag Projects Chile • Rubi – Cu-Au • Cla
Slide 15: New Discoveries – Exploration Opportunity
Characteristics of Recent Large High Sulphidation Epithermal Gold Discoveries MIRASOL RESOURCES Focused on gold & silver discovery Salares Norte Mineral Resource: 100,000 Pit Outline 100,000 Pit Outline 3.1Moz gold and 33.6Moz silver 81 81 Ohm-m Ohm-m Resistivity Resistivity Veladero – CSAMT Resisti
Slide 16: Gorbea JV - Atlas drilling in progress on breccia targets
Gorbea JV - Atlas drilling in progress on breccia targets MIRASOL RESOURCES Focused on gold & silver discovery Atlas Resistivity thickness 500 ohm m Atlas Project: JV partner drilling in progress, targeting Salares Norte ~footprint large oxide gold deposit Breccia “Principal” Atlas outcrop Projectio
Slide 17: Santa Cruz, Argentina – Near Mine Drill Ready Projects
Santa Cruz, Argentina – Near Mine Drill Ready Projects MIRASOL RESOURCES Focused on gold & silver discovery Atacama Puna San Jose Generative Hochschild Mining Region 1.5 Moz Au & 103 Moz Ag Cerro Negro Goldcorp Previous Mirasol success 7.1 Moz Au & 62 Moz Ag • Discovery & sale of Joaquin Deposit Vir
Slide 18: Claudia – Curahue: New 15km long Au/Ag vein system
Claudia – Curahue: New 15km long Au/Ag vein system MIRASOL RESOURCES Focused on gold & silver discovery Mirasol Claudia AngloGold-Ashanti Claims Boundary Cerro Vanguardia Au/Ag Mine 8.9 Moz Au & 137 Moz Ag Pits x Mill Claudia Project Mirasol Claudia AngloGold-Ashanti Project • Large Epithermal Au/Ag
Slide 19: In Summary
MIRASOL RESOURCES Focused on gold & silver discovery MIRASOL RESOURCES In Summary
Slide 20: Mirasol Summary
Mirasol Summary MIRASOL RESOURCES Focused on gold & silver discovery Demonstrated track record → Discovery to liquidity event Conservative share structure 44.2 million issued shares → Managing our capital structure Well funded CAD $22 million → Exploring without share dilution High Calibre Explorati