Mirasol Signs Option and Farm-in Agreement with Newcrest for a Joint Venture on the Altazor Gold Project in Chile

Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF) (the “Company” or “Mirasol”) is pleased to announce that it has signed an option and farm-in agreement (the “Agreement”) with Newcrest International Pty Limited, a wholly owned subsidiary of Newcrest Mining Limited (ASX: NCM) for Mirasol’s Altazor High Sulfidation Epithermal (HSE) gold project in northern Chile (the “Altazor Project”).  NCM has the right to acquire, in multiple stages, up to 80% of Mirasol’s wholly-owned Altazor Project by completing a series of exploration and development milestones and making staged option payments totaling US$1.8 million to Mirasol.
As quoted in the press release:

Stephen Nano, CEO of Mirasol, stated that “we are very pleased to be partnering with Newcrest to explore the Altazor gold project. This is Newcrest’s first Chilean farm-in since its strategic decision to reinitiate exploration in the Americas.  Newcrest has made a significant first year commitment to the project that will allow us to accelerate this season’s exploration program and consider a decision to drill.”

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