Mi­ra­sol JV part­ner Ya­mana starts drilling at Gor­bea

Stockwatch Daily - - FRONT PAGE - Mr. Stephen Nano re­ports

MI­RA­SOL RE­SOURCES Ltd.’s joint ven­ture part­ner Ya­mana Gold Inc. has com­menced its third sea­son of drilling at the Gor­bea joint ven­ture project in North­ern Chile, and the drill pro­gram is well un­der way. Gor­bea is a prop­erty pack­age con­tain­ing a num­ber of high-sul­phi­da­tion ep­ither­mal prop­er­ties that in­clude the At­las and Ti­tan gold projects. The drilling planned for the re­main­der of 2017 will com­prise a seven-hole, 2,600-me­tre pro­gram at the At­las gold project, where Mi­ra­sol re­cently an­nounced the best down-hole in­ter­sec­tion grad­ing 1.07 gram per tonne gold over 114 me­tres, in­clud­ing 2.49 g/t gold over 36 me­tres hosted in ox­i­dized HSE vuggy sil­ica brec­cias (see news re­lease dated Sept. 11, 2017).

The higher-grade gold min­er­al­iza­tion en­coun­tered to date at At­las is lo­cated at the Steam Heated zone tar­get where four drill holes have de­lin­eated a zone of 650 me­tres by 125 me­tres, at ap­prox­i­mately 255 me­tres to 310 me­tres depth with ver­ti­cal ex­tent in ex­cess of 200 me­tres, lo­cated be­neath in­tensely al­tered cap rocks. At the SHZ, min­er­al­iza­tion is pre­dom­i­nantly hosted in an ox­i­dized mul­ti­phase brec­cia body char­ac­ter­ized by in­tense quartz-alu­nite plus or mi­nus jarosite al­ter­ation with vuggy sil­ica-brec­cia clasts and con­tains late-stage translu­cent barite host­ing vis­i­ble gold. This type of min­er­al­ized brec­cia is char­ac­ter­is­tic of that seen in re­cent mul­ti­mil­lion-ounce gold dis­cov­er­ies by Bar­rick Gold at Al­turas (1) (6.8-mil­lion-ounce in­ferred re­source grad­ing 1.00 g/t gold) and Gold Fields at Salares Norte (2) (to­tal re­sources in­clud­ing in­ferred of 3.8 mil­lion ounces grad­ing 4.6 g/t gold and 43.8 mil­lion ounces of sil­ver grad­ing 53.1 g/t Ag), lo­cated 70 km due south of At­las within the same aged belt of vol­canic rocks.

Ya­mana Gold’s drill pro­gram is planned to fur­ther test the SHZ tar­get and six other tar­gets within the project area. These tar­gets were rec­og­nized from in­te­grated anal­y­sis of the ex­ten­sive ge­o­log­i­cal, geo­chem­i­cal, al­ter­ation and geo­phys­i­cal At­las data­base, which lever­ages new min­eral-sys­tems knowl­edge gained from last sea­son’s suc­cess­ful ex­plo­ration at At­las, paired with an im­proved un­der­stand­ing of the key fea­tures that led to the dis­cov­er­ies of Al­turas and Salares Norte.

Re­sults from the pro­gram will be re­ported as they are re­leased to Mi­ra­sol. Ex­plo­ration pro­gram de­sign and drill hole tar­get se­lec­tion is cur­rently in progress for other projects in the Gor­bea JV in­clud­ing the Ti­tan gold project where drilling is planned for the first half of 2018. Ya­mana is cur­rently en­gaged in its 2018 bud­get­ing process that will de­ter­mine the mag­ni­tude of the JV spend and drill pro­gram at At­las and the other projects in the Gor­bea JV.

Mi­ra­sol in­vites in­vestors to fol­low the Gor­bea — Ya­mana Gold JV story by vis­it­ing the com­pany’s web­site and sign­ing up to re­ceive our new re­leases.

Stephen Nano, pres­i­dent and chief ex­ec­u­tive of­fi­cer of Mi­ra­sol, has ap­proved the tech­ni­cal con­tent of this news re­lease and is a qual­i­fied per­son un­der Na­tional In­stru­ment 43 -101.

Qual­ity as­sur­ance/qual­ity con­trol of the Gor­bea ex­plo­ration pro­gram:

Un­der the terms of the Gor­bea agree­ment, all ex­plo­ration is man­aged by Ya­mana. All pre-joint-ven­ture ex­plo­ration on the projects was su­per­vised by Mi­ra­sol’s chief ex­ec­u­tive of­fi­cer, Stephen Nano, who is the qual­i­fied per­son un­der Na­tional In­stru­ment 43-101. All in­for­ma­tion gen­er­ated from the Gor­bea joint ven­ture pro­gram is re­viewed and val­i­dated by Mi­ra­sol prior to re­lease. The tech­ni­cal in­ter­pre­ta­tions pre­sented here are those of Mi­ra­sol Re­sources.

Ya­mana ap­plies in­dus­try-stan­dard ex­plo­ration method­olo­gies and tech­niques. All geo­chem­i­cal rock and drill sam­ples are col­lected un­der the su­per­vi­sion of Ya­mana’s ge­ol­o­gists in ac­cor­dance with in­dus­try prac­tice. Geo­chem­i­cal as­says are ob­tained and re­ported un­der a qual­ity as­sur­ance and qual­ity con­trol (QA/QC) pro­gram. Sam­ples are dis­patched to an ISO 9001:2000-ac­cred­ited lab­o­ra­tory in Chile for anal­y­sis. As­say re­sults from drill core sam­ples may be higher, lower or sim­i­lar to re­sults ob­tained from sur­face sam­ples due to sur­fi­cial ox­i­da­tion and en­rich­ment pro­cesses or due to nat­u­ral ge­o­log­i­cal grade vari­a­tions in the pri­mary min­er­al­iza­tion.

(1) Bar­rick Gold Corp. An­nual Re­port 2016.

(2) Gold Fields. (2016). The Gold Fields Min­eral Re­source and Min­eral Reserve Sup­ple­ment to the In­te­grated An­nual Re­port 2016.

We seek Safe Har­bor.

Nick DeMare, Pa­trick Charles Evans, Stephen Charles Nano, Dana H Prince, Bor­den Roger III Put­nam, John Paul Peter Tognetti

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