Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) said Wednesday that exploration has started at its Inca gold project in northern Chile in preparation for a drill program slated to begin later this year.
The Vancouver-based company has a field crew at the site to complete a surface exploration program focusing on the Sandra target on the southern part of the property.
Mirasol, a prospect generator, also said that it is “actively preparing” for its upcoming field season at its portfolio of projects in the Mio-Pliocene belt in Chile and Argentina’s Santa Cruz province.
READ: Mirasol Resources poised for further exploration in Argentina after closing option with Golden Opportunity Resources
"We are looking forward to the year ahead as Mirasol will see a level of activity at our projects that will result in a solid news flow and hopefully a significant discovery,” Mirasol CEO Norm Pitcher said in a statement Wednesday.
“Following our strategy of self-funding high priority targets, we will be drilling at Inca Gold in Chile and Sascha Marcelina in Argentina. With the addition of partner funded projects at Virginia, Gorbea, Altazor, and Coronación, Mirasol could see more than 13,000m of drilling on six projects."
Mirasol is planning for a possible 1,500-metre drill program at Inca, with a drill permit application in the works and a budget secured for the program. In addition, it added another 2,200 hectares of claims that are strategically located directly south of the Sandra target, which Mirasol said it will evaluate as part of its field work.
At the Sascha Marcelina project in Argentina, a self-funded 2,600-metre drill program has been given the green light. Mirasol told shareholders it believes the defined targets on the property are both “high quality and drill ready” and said it plans to take an aggressive approach to testing the targets throughout the upcoming season.
A handful of Mirasol’s South American projects have already attracted the interest of majors such as Newcrest Mining, which is drilling 2,000 metres at the Gorbea project, and First Quantum Minerals, which committed to drilling 3,000 metres at the Coronación project. Silver Sands Resources is finalizing exploration plans at the Virginia silver project in Argentina.
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