• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    silver investing

    Mirasol Finds High-Grade Silver Mineralization at Virginia

    Nicole Rashotte
    May. 10, 2018 07:42AM PST
    Precious Metals

    Mirasol Resources Ltd. reported that prospecting and reconnaissance mapping has resulted in the discovery of new high-grade silver mineralization at its Virginia project.

    Mirasol Resources Ltd. (TSXV:MRZ) reported that prospecting and reconnaissance mapping has resulted in the discovery of new high-grade silver mineralization at its 100 percent owned Virginia project in Santa Cruz, Argentina.

    As quoted in the press release:

    1.Extending the strike-length of the undrilled Margarita vein located 300 meters west of the Virginia resource area

    2.Infilling and extending the new Julia south dome trend

    3.Identifying a series of high-grade silver-vein breccia trends, suggesting the presence of undiscovered veins at the new East Zone target.

    Rock chip sampling of silver mineralization at Margarita has returned assays ranging from below detection (BDL, <0.5g/t Ag) up to 1,723.3 grams per tonne of gold from outcrop, subcrop and float blocks of epithermal veins up to 1.5 m wide. Surface silver mineralization at Margarita has now been traced over a 450 meters strike-length as defined by 65 trench and rock chip samples which have an overall average of 366.0 grams per tonne of gold (11.8 oz/t1 Ag).

    The newly recognized Julia south dome trend is defined by intermittent vein and vein-breccia subcrop and float samples which extend 2.15 kilometers south from the limits of drilling defining the resources at Virginia. This trend is currently defined by 144 rock chip samples with assays ranging from BDL to a peak assay of 6,586.3 grams per tonne of gold, averaging 186.8 grams per tonne of gold  (6.0 oz/t Ag). Assays report to epithermal vein-breccia blocks that range up to 0.88 meters in width.

    The new east zone target covers a 1.2 kilometers x 600 meters area where rock chip sampling of subcropping epithermal vein-breccia and aligned float blocks have returned high-grade silver assays defining multiple north west and north east oriented, interpreted structural trends, which are individually up to 1 km in length.  rock chip assays from the east zone range from BDL to a peak of 2,609.7 grams per tonne of gold.  A total of 150 rock chip samples have been collected at the prospect, returning an average of 176.2 grams per tonne of gold (5.7 oz/t Ag), with 15 samples exceeding 500 gams per tonne of gold. The angular shape of the vein block float in this area indicates that they have not been transported far from source, suggesting the potential for undiscovered, high-grade veins, under thin soil cover.

    The high-grade silver assays returned from Margarita, Julia south dome and east zone targets suggests the potential to significantly expand the district size of Virginia project.  Detailed exploration, including surface electrical geophysics, trenching and shallow drilling are required to further test these new target areas. Mirasol has recently announced a non-brokered private placement with the objective of funding accelerated exploration and drilling of targets at Virginia and other gold and silver projects in Mirasol´s Santa Cruz portfolio.

    Click here to read the full Mirasol Resources Ltd. (TSXV:MRZ) press release.

    private placementargentinasilver investingtsxv:mrz
    The Conversation (0)

    Go Deeper

    AI Powered
    Silver47 Highlights Expansive High-Grade Gold and Silver System at the Kennedy Project, Nevada

    Silver47 Highlights Expansive High-Grade Gold and Silver System at the Kennedy Project, Nevada

    Silver47 Exploration

    Silver47 Exploration

    Latest News

    Auking Completes A$5m Riverfort Facility

    Review at Leonora North Provides Clear Focus for Future Work

    North American Mining Conferences Presentation

    Fortune Bay: Maximizing Shareholder Value in Gold and Uranium

    Casablanca Geophysics Highlights Antimony Targets at Depth

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    Prismo Metals

    PRIZ:CNX

    Anteros Metals

    ANT:CC

    Locksley Resources

    LKY:AU

    Silver47 Exploration

    AGA:CC

    Apollo Silver

    APGO:CA

    Fireweed Metals

    FWZ:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×