precious metal project generator primed for discovery · share price: ca$ 0.84 july 2015 à ca$...
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MIRASOL RESOURCES Focusedongold&silverdiscoveryMIRASOL RESOURCES Focusedongold&silverdiscovery
January 2017 Stephen Nano President & CEO
TSX.V: MRZ OTCPK: MRZLF
Precious Metal Project Generator Primed for Discovery
MIRASOL RESOURCES Focusedongold&silverdiscovery
Cau$onaryStatementThis presenta,on contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements ofhistorical fact, that address future produc,on, reserve poten,al, explora,on drilling, exploita,on ac,vi,es and events or developments that the Companyexpects tooccur,are forward looking statements.Forward looking statementsare statements thatarenothistorical factsandaregenerally,butnotalways,iden,fied by thewords “expects”, “plans” “an,cipates”, “believes”, “intends”, “es,mates”, “projects”, “poten,al” and similar expressions, or that events orcondi,ons“will”,“would”,“may”,“could”or“should”occur.Informa,oninferredfromtheinterpreta,onofdrillingresultsandinforma,onconcerningmineralresourcees,matesmayalsobedeemedtobeforward lookingstatements,as itcons,tutesapredic,onofwhatmightbefoundtobepresentwhenand ifaproject is actually developed. Although the Company believes the expecta,ons expressed in such forward-looking statements are based on reasonableassump,ons,suchstatementsarenotguaranteesoffutureperformanceandactualresultsmaydiffermateriallyfromthoseintheforward-lookingstatements.Factors that could cause the actual results to differmaterially from those in forward-looking statements includemarket prices, exploita,on and explora,onsuccesses, and con,nued availability of capital and financing, and general economic, market or business condi,ons. Investors are cau,oned that any suchstatements arenot guaranteesof futureperformance and actual results or developmentsmaydiffermaterially from thoseprojected in the forward-lookingstatements.Forwardlookingstatementsarebasedonthebeliefs,es,matesandopinionsoftheCompany’smanagementonthedatethestatementsaremade.TheCompanyundertakesnoobliga,on toupdate these forward-looking statements in theevent thatmanagement’sbeliefs, es,matesoropinions,orotherfactors,shouldchange.This presenta,onmay use the term “indicated resource”. The Company advises investors that although this term is recognized and required by Canadiansecuri,esregula,ons(underNa,onalInstrument43-101“StandardsofDisclosureforMineralProjects”),theUSSecuri,esandExchangeCommissiondoesnotrecognizethisterm.Investorsarecau,onednottoassumethatanypartoforallofthemineraldepositsinthesecategorieswilleverbeconvertedintoreserves.StephenNano,PresidentandCEOfortheCompanyanda“QualifiedPerson”underNa,onalInstrument43-101,hasreviewedandapprovedthescien,ficandtechnicalinforma,oninthispresenta,on.
MIRASOL RESOURCES
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MIRASOL RESOURCES Focusedongold&silverdiscovery
MacroPa1erns,DriversfortheProjectGenera$onBusinessModel
Decadelongdeclineindiscoveryratesofminableouncesofgold
àMayequateto60millionouncesperyearshor[allMajordeclineinexplora,onspendoflast3years
àExplora,onandgenera,veteamsdisbandedàFewernewexplora,onprojects
18monthtrendofimprovedgoldandsilverprices
àImprovingprofitmarginsforproducersàMoneystar,ngtoflowintonewgreenfieldsprojects
Demandforqualityexplora$onprojectsàDriverforMirasol’sprojectgenera$onbusinessmodel
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July2015-Dec2016Gold–SilverCommodityPrice(USD/oz)
GoldLowUS$1,068.25à$1,195.3(13Jan2017)SilverLowUS$14.09à$16.72(13Jan2017)
GoldPrice(USD
/oz)
SilverPrice(USD
/oz)
DecadelongdeclineinGolddiscoveryrates
+3Years,SteepDeclineinExplora$onSpend
MirasolResources:inSummary
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Mirasol’sSharePricemovesaheadofGDXJIndexCorrela3ngtolargeupswinginUSandCanadiansharevolume
SharePrice:CA$0.84July2015àCA$1.51December2016Sharevolume:0.27MJuly2015à3.15MDecember2016
• CanadianlistedprojectgeneratorfocusedongoldandsilverdiscoveryinChileandArgen,na
• WellfundedCA$26.5McashfromrightsofferingandsaleofJoaquinsilverdiscovery(NovFS2016)
• Conserva,vecapitalstructure• 49Msharesoutstanding• 3MStockop,onsoutstanding• 0.5MBonuswarrants(expiresMarch10,2017)
• Leadingedgetechnologyanddiscoveryteam
• Ac,veJVs–strongpartners,strongprojects,strongdeals
• Addi,onaldrillreadyprojects–focusedonnewJVdeals
• NewlargepipelineofqualitygoldandsilverprojectsinChile/Argen,nehighlyprospec,vemineralbelts
à Sharepriceisrespondingtoposi$veJVdrillresultsandimprovingmarketcondi$ons
Management34%
InstitutionalInvestors 28%
Retail 38%
MIRASOL RESOURCES Focusedongold&silverdiscovery
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MirasolResources:IndustryLeadingBoardandManagement
QualityManagement/Explora,onTeam
• StephenNano–Founder/CEO/President/TechnicalQP
• TimHeenan–Founder/CountryManagerChile-Argen,na
• DamienKoerber–ChileandArgen,naBusinessDevelopment
• DrLeandroEchavarria–PrincipalExplora,onGeologist
• DarylNunn–PrincipalGenera,veGeologist
• Qualityteamofin-countryexplora,onists
DanaPrince
Chairman
StephenNanoDirector
TimHeenanDirector
JohnTognecDirector
BordenPutnam
IndependentDirector
NickDeMare
IndependentDirector
Board–strongfinanceandsharemarketandresourceindustrybackgrounds
HighcalibretechnicalteamLeadingedgeexplora$ontechnologiesDiscoverytrackrecordinChileandArgen$na
Commitmenttokeepourshareholdersinformed• JohnToporowski–ManagerInvestorRela,onsà
PatrickEvans
IndependentDirector
MIRASOL RESOURCES Focusedongold&silverdiscovery
MirasolResources:StrongTrackRecordforWealthCrea$onThroughDiscovery
FY2015/16-Leveragingexis,ngqualityprojectbankthroughJV’sfordrilltes,ng• 2ac,vequalityJVs
• 13,500mofJVdrillingcompletedinlast18months
• Spendtodate:• Gorbea-US$3.62M• Claudia-US$1.82M
• DeliveringencouragingAu+AgdrillresultsatAtlasandClaudia
• 2017-Newdrillingplanned
• Seekingpartnersforaddi,onalJVreadyprojects
• Newpipelineofqualityprojectin
premiermineralbeltsàPrimedtotakeadvantageofimprovingmarkets
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Joaquin&VirginiaDrillDiscovery Drilling
Joaq
uin/Sa
scha
JV
Claud
ia/San
taRitaJV
NicoJV
Espe
joJV Ru
biJV
Gorbe
aJV
MRZIncorp.MRZlistedonTSX Share
Price
JVPartnerSpe
ndto
51%
-US$Million
Shareprice–CA
D$
CVSA
JV
MIRASOL RESOURCES Focusedongold&silverdiscoveryProjectGenera$on:Focus/Pedigree/Capability
àFocusedon2genera,veregionsAtacama–PunaandSantaCruz
• Worldclasspedigreeunder-exploredpreciousmetalterrains
• Highlycompa,blewithMirasol’stechnologydrivengenera,veexper,ze
• HighCalibregenera,veandexplora,onteamswithdecadesofexperienceinthesegeologicalenvironments
• Well-fundedaggressiveprograms
• Contrarianapproachtogenera,veexplora,on
àNewAtacama–PunaTer,aryagemineralbeltsofNorthernChileandArgen,na
• WorldClasspedigreewithmanyopera,nggiantgold,silverandcoppermines
• Recentmul,-millionounceoxidegolddiscoveries–newwave“companymaker”discoveries
• MirasolGorbeaBeltJVandlargepor[olio(136,600ha)of27newqualitypipelineprojects
à SantaCruzJurassicagevolcanicterrain• Worldclasshighgradegoldandsilverepithermalterrain
• 4opera,nglargescaleminesandaddi,onalnewminedevelopment
• MirasolClaudia-CVSAJVandlargepor[olio(240,000ha)of11projectsinkeymineraldistricts 7Ter,aryVolcanics
JurassicVolcanics
Atacama-Puna
Genera$ve
SantaCruzGenera$ve
MIRASOL RESOURCES Focusedongold&silverdiscovery
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Recogni$onofepithermalAuAginporphyryCudistricts
ProjectGenera$on:Atacama–PunaRegion
• Investmentinnewgenera,veprogramdeliveringpor[olioofqualitygold–silverpipelineprojects
• Mirasoladdedapprox.136,600hain27projectareas–dynamicprocess/newclaimspipeline
• Mio–Pliocenebelttarge,nggiantoxidegolddiscoveries–seasonalbutthisiswherethegiantsare
• Paleocenebelttarge,ngbonanzagradegolddiscoveries–yearroundaccess/infrastructureadvantage
àMirasolposi,onedtotakeadvantageofupswingindemandforqualityprojects
Largeunexploredaltera$onsystems
Mio-PlioceneBelt-Targe$ngGiantOxideGoldDeposits
PaleoceneBelt-Targe$ngHigh-gradeGold/SilverDeposits
MIRASOL RESOURCES Focusedongold&silverdiscovery
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MirasolProjectBank–DrillReadyProjectsChileandArgen$na
• AtlasAu-Ag• TitanAu-Ag• ClaudiaAu-Ag
• VirginiaAg
• LaCurvaAu• RubiCu-Au• EspejoAu-Ag• LibanesaAg
• MoritoAu-Ag• SaschaAu-Ag• HomenajeAu-Ag• NicoAu-Ag
Gorbea JV
Additional drill ready projects
Headline Projects ready for JV
LargeDrillReadyPor[olioàFocusedonnewJVdeals
*seenewsreleases*Claudia(Dec16,2016)Claudia(July26,2016)Atlas(April25,2016)Virginia(Sept14,2016
Virginia(March29,2016)Titan(Nov25,2013)Rubi(April2,2015)
LaCurva(Jan23,2014)
Claudia-CVSA JV
Appx. US $6.38M - Remaining JV Spend to 51% Earn In (Based on JV Spend to May 16)
Appx. US $ 3.18 M - Remaining JV Spend to 51% Earn In (Based on JV Spend to Sep 16)
MIRASOL RESOURCES Focusedongold&silverdiscovery
Chile:GorbeaJV-AtlasGoldSilverDrillResultsandIPGeophysicstargets
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Atlas Project
Chile
South America
• GorbeaJVtermsforpor[olioof7projectsincludingtheAtlasandTitanprojects
• 4yearstoearn51%byspendingUS$10MandmakingUS$2millioninstagedcashpayments• Addi,onal2yearsearn65%bydeliveringaPEAwithminimumresource1MOzgold• Addi,onal1yearsearn75%bydeliveringafeasibilitystudy,decisiontomineandbyfundingtoproduc,onMirasol’s25%equityposi,onintheproject.
àStrongdealtermstarge$nglargestandalonegolddiscovery
• EncouragingdrillresultsatAtlasconfirmlarge,deeplyoxidisedhighsulphida,onepithermalsystemofthestylethathasproducedbulkminablegold–silverdepositsinthismineralbelt• Bestresultstodateinclude40mat1.38g/tAuand17.9g/tAgincluding28mat1.82g/tAuand22.0g/tAg• Intersec,onsaredeepbutupdippoten,alfornearsurfacemineraliza,onisuntested• Arangeofaddi,onaldrilltargetswarranttes,ngatAtlasforlargescalebulkminablegoldmineraliza,on• Year2explora,onunderway;addi,onalUS$6.38MtospendbyYear4toearn51%(Spend$US10M,cashpayment$US2M)• DrillingplannedtocommenceJanuary2017
MIRASOL RESOURCES Focusedongold&silverdiscovery
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Argen$na:Claudia–CVSAJVCurahueProspectDrilling
Claudiagold-silverproject5separatedrillreadyprospects
AdjoinsCerroVanguardiamine(AngloGold–Ashan,/Formicruz)districttotal8.6MozAuand135MozAg
JointVentureop$onterms:
• Year1commitment6,000mdrilling,US$200Kgeophysics,US$2Mspend
• 2yearstoearn51%-12,000mdrilling,US$400Kgeophysics,US$5Mexplora,onspend+US$1McashpaymentstoMirasol
• 2addi,onalyearstoearn65%withdeliveryofPEAwith+350,000oz.inferredresource
• 2addi,onalyearstoearn75%withdeliveryofpre-feasibilitywithminimum350,000oz.resource,decisiontomineandprovidefundingforMirasol’s25%equityposi,on
à Dealstructuredtofacilitaterapidexplora$onanddevelopmentassatellitedeposittoCerroVanguardiaMine
• Feb-Sept2016spendUS$1.82Manddrilled64holesfor7,500m
• MoredrillingplannedinMarch2017
MIRASOL RESOURCES Focusedongold&silverdiscovery
Argentina: Claudia – CVSA JV Curahue, Io Trend Drill Results
Drillingtodatefocusedat>15kmlongCurahueprospect,39RCand25DDHholes
• Iotrendhas26RCand21DDHholeswithencouragingintersec,onsofAuandAgmineraliza,on
• Narrowhigh-gradeintervalsinc:• 0.5mat7.35g/tAu&448.9g/tAg
• 1.0mat5.15g/tAu&580.6g/tAg
• 1.0mat5.59g/tAu&199g/tAg
• Broaderlow-gradeintervalsinc:• 66.5mat0.42g/tAu&64.74g/tAg
• 39.5mat0.70g/tAu&74.89g/tAg
• 27.5mat0.56g/tAu&48.33g/tAg
• 16.3mat0.75g/tAu&75.9g/tAg
à Possibleopen-pitbulkmineable
extrac$on
à EpithermalAu+Agmineraliza$on
à 1of5prospectsatClaudiaà NewdrillingplannedforMarch2017
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MIRASOL RESOURCES Focusedongold&silverdiscoveryMirasolResourcesLookingAhead
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• NewdrillingatClaudia–CVSAJVàwithdrillingplannedforMarch2017
• Newexplora,onatGorbea,withdrillingstar,nginJanuary2017• Newphaseofexplora,onatVirginiahighgradesilverprojectcurrentlyinprogress
• Ac,velypursuingnewJVdealsonourdrillreadyprojects
• Ini,a,ngexplora,ononMirasol’snewpipelineprojectsintheAtacama–Punaregion
• Con,nuingdistrictconsolida,oninSantaCruzProvince,Argen,na• Increasingexplora,onac,vi,esonkeypipelineproper,estoadvancetodrillreadystatus
MIRASOL RESOURCES Focusedongold&silverdiscovery
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MirasolResourcesSummary
Demonstratedtrackrecord→Discoverytoliquidityevent
ConservaOvesharestructure49millionsharesissued→Managingourcapitalstructure
WellfundedCAD$26.5million
StrongJointVenturesdeliveringencouraginggold–silverdrillresults
FocusedondeliveringnewdealsonexisOngprojectbank
AggressivecountercyclicprojectgeneraOonprogramhasdelivered(andisdelivering)newqualityprojects
à PosiOontodelivershareholdervaluecreaOonviadiscoveryinanimprovingpreciousmetalsmarket
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