Precious Metal Project Generator Primed for Discovery

MIRASOL RESOURCES
Focused on gold & silver discovery
Precious Metal Project Generator
Primed for Discovery
TSX.V: MRZ
OTCPK: MRZLF
July 2016
Stephen Nano President & CEO
MIRASOL RESOURCES
Focused on gold & silver discovery
MIRASOL RESOURCES
Cautionary Statement
This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of
historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects
to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by
the words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”,
“would”, “may”, “could” or “should” occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates
may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually
developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could
cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and
continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward
looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company
undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should
change.
This presentation may use the term “indicated resource”. The Company advises investors that although this term is recognized and required by Canadian
securities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”), the US Securities and Exchange Commission does not
recognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories will ever be converted into reserves.
Stephen Nano, President and CEO for the Company and a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and
technical information in this presentation.
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Macro Patterns, Drivers for the Project Generation Business Model
+3 Years, Steep Decline
in Exploration Spend
MIRASOL RESOURCES
Focused on gold & silver discovery
Decade long decline in discovery rates of minable ounces of gold
Decade long decline in
Gold discovery rates
 May equate to 60 million ounces per year short fall
Major decline in exploration spend of last 3 years
 Exploration and generative teams disbanded
 Fewer new exploration projects
12 month trend of improved gold and silver prices
FY2016 Gold – Silver Commodity Price (USD/oz)
Gold
US $1,094.90  $1,326.50
 Improving profit margins for producers
 Money starting to flow into new greenfields projects
Silver Price (USD/oz)
Gold Price (USD/oz)
Silver
US $14.75  $20.12
Demand for quality exploration projects  Driver for Mirasol’s project
generation business model
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Mirasol Resources: in Summary
•
Canadian listed project generator focused on gold
and silver discovery in Chile and Argentina
•
Well funded CA $18.7M Cash in Bank (May FS
2016)
•
Conservative capital structure
• 44.7 M shares outstanding
• 47.2 M fully diluted (2.5 million options)
•
Leading edge technology and discovery team
•
Active JVs – strong partners, strong projects,
strong deals
•
Additional drill ready projects – focused on new
JV deals
•
New large pipeline of quality gold and silver
projects in Chile / Argentine highly prospective
mineral belts
Mirasol’s Share Price moves ahead of GDXJ Index
Correlating to large upswing in US and Canadian share volume
Share Price: CA$ 0.84 July 2015  CA$ 2.59 July 2016
Share volume: 0.27M July 2015  4.04M June 2016
Jul
Aug
Sep
Oct
2015
Nov
Dec
Jan
Feb
Mar
Apr
2016
May
Jun
 Share price is responding strongly to positive JV
drill results and improving market conditions
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Mirasol Resources: Industry Leading Board and Management
MIRASOL RESOURCES
Focused on gold & silver discovery
Board – strong finance and share
market and resource industry
backgrounds
Dana
Prince
Stephen
Nano
Tim
Heenan
John
Tognetti
Nick
DeMare
Borden
Putnam
Chairman
Director
Director
Director
Independent
Director
Independent
Director
Quality Management / Exploration Team
• Stephen Nano – Founder/CEO/President/Technical QP
• Tim Heenan – Founder/Chile and Argentina Exploration Manager
• Damien Koerber – Chile and Argentina Business Development
• Dr Leandro Echavarria – Principal Exploration Geologist Americas
High calibre technical team
Leading edge exploration technologies
Discovery track record in Chile and Argentina
• Daryl Nunn – Principal Generative Geologist
• Quality team of in-country explorationists
• John Toporowski – Manager Investor Relations  Commitment to keep our shareholders informed
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MIRASOL RESOURCES
Mirasol Resources: Strong Track Record for Wealth Creation Through Discovery
$8
2
MRZ listed
on TSX
MRZ Incorp.
0 $0
2003
2004
2005
2006
2007
2008
2009
2010
Share
Price
2011
2012
2013
2015
CVSA JV
2014
Thousands meters drilled
$2
Gorbea JV
4
Rubi JV
$4
Espejo JV
6
Joaquin & Virginia
Drill Discovery
Nico JV
8
$6
Claudia / Santa Rita JV
10
Joaquin / Sascha JV
JV Partner Spend to 51% - US $ Million
12
FY 2015/16 - Leveraging existing
quality project bank through JV’s
for drill testing
Share price – CAD $
14
Focused on gold & silver discovery
2016
2017
2018
•
2 active quality JVs
•
9,500 m of JV drilling
completed in FY 2016
•
CA$ 5.4M JV spend in FY 2016
•
Delivering encouraging Au+Ag
drill results Atlas and Claudia
•
Seeking partners for
additional JV ready projects
•
New pipeline of quality
project in premier mineral
belts
 Primed to take advantage of
improving markets
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MIRASOL RESOURCES
Focused on gold & silver discovery
MIRASOL PROJECT GENERATION
Generative Program
Targeting giant gold-silver-copper discoveries
Delivering new projects to the pipeline
Project Generation: Focus / Pedigree / Capability
AtacamaPuna
Generative
MIRASOL RESOURCES
Focused on gold & silver discovery
 Focused on 2 generative regions Atacama – Puna and Santa Cruz
• World class pedigree under-explored precious metal terrains
• Highly compatible with Mirasol’s technology driven generative expertize
• High Calibre generative and exploration teams
• Well-funded aggressive programs
• Contrarian approach to generative exploration
 New Atacama – Puna Tertiary age mineral belts of Northern Chile and Argentina
Santa Cruz
Generative
•
World Class pedigree with many operating giant gold, silver and copper mines
•
Recent multi-million ounce oxide gold discoveries – new wave “company maker” discoveries
•
Mirasol Gorbea Belt JV and large portfolio of new quality pipeline projects
 Santa Cruz Jurassic age volcanic terrain
Tertiary Volcanics
Jurassic Volcanics
•
World class high grade gold and silver epithermal terrain
•
4 operating large scale mines and additional new mine development
•
Mirasol Claudia - CVSA JV and large portfolio of projects in key mineral districts
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Project Generation: Atacama – Puna Region
Mio-Pliocene Belt Targeting Giant Oxide Gold Deposits
Atacama
Puna
Generative
MIRASOL RESOURCES
Focused on gold & silver discovery
Paleocene Belt Targeting High-grade Gold / Silver deposits
Mio-Pliocene Age
Volcanic Belt
Antofagasta
Mirasol Gorbea JV
Atlas / Titan Projects
Gold Fields New
Salares Norte
Gold Discovery
3.1 Moz gold
New Mirasol
pipeline
Projects
Large unexplored alteration systems
Paleocene Age
Volcanic Belt
Santiago
200km
Barrick Gold
New Alturas
Gold Discovery
5.5 Moz gold
Recognition of epithermal Au Ag in porphyry Cu districts
•
Investment in new generative program delivering portfolio of quality gold – silver pipleline projects
•
Mirasol added approx. 120,000 ha in 25 project areas – dynamic process / new claims pipeline
•
Mio – Pliocene belt targeting giant oxide gold discoveries – seasonal but this is where the giants are
•
Paleocene belt targeting bonanza grade gold discoveries – year round access / infrastructure advantage
 Mirasol positioned to take advantage of upswing in demand for quality projects
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Project Generation: Santa Cruz Argentina
ATACAMA –
PUNA
GENERATIVE
MIRASOL RESOURCES
Focused on gold & silver discovery
Previous Mirasol success in Santa Cruz
• Discovery and sale of Joaquin Deposit
• Discovery of Virginia Silver Deposit
Mirasol portfolio of quality drill ready projects
adjoining active mining districts
33,150 ha of new claims staked in FY 2016
consolidating project positions & adding new
pipeline projects
New Joint Venture Claudia gold project with Cerro
Vanguardia mines (AngloGold Ashanti / Formicruz)
SANTA CRUZ
GENERATIVE
Mirasol Claims
JV / Headline Project
Pipeline Project
Focus on delivering additional near mine deals 
Short timeline to production/cash flow
Mine / Development Project
Jurassic Igneous Rocks
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MIRASOL RESOURCES
Focused on gold & silver discovery
MIRASOL PROJECT BANK
Large portfolio of quality drill ready projects
Delivering strong JVs with producers
Gorbea JV  Atlas gold project drilling
CVSA JV  Curahue Trend first drill results
Mirasol Project Bank – Drill Ready Projects Chile and Argentina
MIRASOL RESOURCES
Focused on gold & silver discovery
Large Drill Ready Portfolio  Focused on new JV deals
•
Atlas Au-Ag
•
Titan Au-Ag
•
Claudia Au-Ag
•
Virginia Ag
•
La Curva Au
•
Rubi Cu - Au
•
Espejo Au-Ag
•
Libanesa Ag
•
Morito Au-Ag
•
Sascha Au-Ag
•
Homenaje Au-Ag
2 Active JVs
Gorbea JV &
ClaudiaCVSA
Headline
Projects
ready for JV
Additional drill
ready projects
*see news releases*
Claudia (July 26, 2016)
Atlas (April 25, 2016)
Virginia (March 29, 2016)
Titan (Nov 25, 2013)
Rubi (April 2, 2015)
La Curva (Jan 23, 2014)
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Chile: Gorbea JV - Atlas Gold Silver Drill Results and IP Geophysics targets
MIRASOL RESOURCES
Focused on gold & silver discovery
South
America
Atlas
Project
•
Gorbea JV terms for portfolio of 7 projects including the Atlas and Titan projects
• 4 years to earn 51% by spending US$ 10M and making US$ 2 million in staged cash payments
• Additional 2 years earn 65% by delivering a PEA with minimum resource 1M Oz gold
• Additional 1 years earn 75% by delivering a feasibility study, decision to mine and by funding to
production Mirasol’s 25% equity position in the project.
 Strong deal terms targeting large stand alone gold discovery
•
•
•
•
•
Encouraging drill results at Atlas confirm large, deeply oxidised high sulphidation epithermal system of the style that has produced bulk minable
gold – silver deposits in this mineral belt
Best results to date include 40 m at 1.38 g/t Au and 17.9 g/t Ag including 28 m at 1.82 g/t Au and 22.0 g/t Ag
Intersections are deep but up dip potential for near surface mineralisation is untested
A range of additional drill targets warrant testing at Atlas for large scale bulk minable gold mineralization
Second season of exploration anticipated to start in October – November 2016
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MIRASOL RESOURCES
Argentina: Claudia – CVSA JV Curahue Prospect Drilling
Focused on gold & silver discovery
Cerro Vanguardia
Gold-Silver Mine
8.6 Moz Au & 135 Moz Ag
South
America
Claudia gold-silver project
5 separate drill ready prospects
Mill
Mirasol - CVSA JV
Claudia Project
Pits
Claudia
Project
L. Blanca
Ailen
Rio Seco
Curahue
Cerro Vanguardia Claims
Cilene
Mirasol Claudia Claims
29 Holes Drilled
for 2,960m
18 holes with
assays returned
6 Holes Drilled
for 590m
LEGEND

RC drill holes
2 km
(assays returned)
RC drill holes
(assays pending)
Gradient Array resistive
geophysical bodies
Rockchips assays
+ 1 g/t AuEquiv (Au+Ag/60)
Adjoins Cerro Vanguardia mine (AngloGold–
Ashanti / Formicruz) district total 8.6 Moz Au
and 135 Moz Ag
Joint Venture option terms:
• Year 1 commitment 6,000 m drilling,
US$ 200 K geophysics, US$ 2 M spend
• 2 years to earn 51% - 12,000 m drilling,
US$ 400 K geophysics, US$ 5 M exploration
spend + US$ 1 M cash payments to Mirasol
• 2 additional years to earn 65 % with delivery of
PEA with +350,000 oz inferred resource
• 2 additional years to earn 75 % with delivery of
pre-feasibility with minimum 350,000 oz
resource, decision to mine and provide funding
for Mirasol’s 25 % equity position
3 Holes Drilled
for 290m
2 km
4 Holes Drilled
for 426m
 Deal structured to facilitate rapid
exploration and development as satellite
deposit to Cerro Vanguardia Mine
Base Image: Gradient Array Resistivity
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Argentina: Claudia – CVSA JV Curahue, Io Trend Initial Drill Results
Section 2
200m
IORC-41
IODDH-02
IORC-27
RL
Quaternary Soils
and Sediments
TR-Curr-126
8.5m @ 1.19 g/t AuEq60
IORC-58
IORC-55
Section 2
IORC-26
IORC-44
IORC-41
150m
IORC-27
IORC-28
66.5m @
1.50 g/t
AuEq60
Preliminary
3D Vein Model
IORC-40
IORC-29
IORC-31
IORC-42
IORC-32
Awaiting
Assays
IORC-33
Gradient Array
Resistivity Anomaly
27.5m @ 1.37 g/t
AuEq60
7.5 m @ 1.94 g/t
AuEq60
• Broader low-grade intervals inc:
• 66.5m at 0.42 g/t Au & 64.74 g/t Ag
128m
Histogram % Quartz Veining
IORC-XX  Reverse Circulation Drill hole
IODDH-XX  Diamond Drill hole
TR-CURR-XX  Surface Trench
No drilling
this section
IORC-43
Awaiting Assays
Interpreted true
width of vein
interval 25m
• 39.5m at 0.70 g/t Au & 74.89 g/t Ag
IORC-39
IORC-38
IORC-65
IORC-64
• 27.5m at 0.56 g/t Au & 48.33 g/t Ag
25 m
 Suggesting potential for both
mill and near surface heapleach type Au + Ag
mineralization at Curahue
IORC-37
 Improving grades to depth
IORC-45
IORC-66
500 m
• Assays received for 18 RC Holes
on “Io” trend
• 1.0 m at 4.58 g/t Au & 180.5 g/t Ag
13m @ 2.56/t AuEq60
100m
IORC-36
Gradient Array resistive
geophysical bodies
• 39 RC and > 4 Diamonds to date
totalling > 3,700 m since May
• 1.0 m at 5.15 g/t Au & 580.6 g/t Ag
94m
IORC-35
Completed RC drilling
(assays pending)
Labelled with Hole ID
Drilling to date 100% focused at > 15
km long Curahue prospect
• 0.5m at 7.35 g/t Au & 448.9 g/t Ag
No drilling
this section
Completed RC drilling
(assays returned)
Labelled with Hole ID
Focused on gold & silver discovery
• Narrow high-grade intervals inc:
IORC-34
LEGEND
MIRASOL RESOURCES
IORC-63
 Further drilling in progress
 1 of 5 prospects at Claudia
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Argentina: Virginia District – High Grade Silver Resource with New
Exploration Potential
Untested Drill Targets (1 to 5)
412 K oz Ag @ 285 g/t
1.24 M oz Ag @ 268 g/t
287 K oz Ag @ 154 g/t
1.24 M oz Ag @ 268 g/t
>10 g/t Ag PXRF
assay rockchip
Virginia
Project
1
.
2
.
Rockchip Assays
Ag g/t
250 to 25,080
120 to 250
30 to 120
7.25 M oz Ag @ 402 g/t
55 K oz Ag @ 344 g/t
>10 g/t Ag Lab
assay rock chip
1.9 M oz Ag @ 239 g/t
571 K oz Ag @ 189 g/t
5
.
3
.
Drill hole trace
1.0 M oz Ag @ 184 g/t
457 K oz Ag @ 187 g/t
Rockchip Assays
Ag g/t
250 to 25,080
120 to 250
4
.
30 to 120
Veins
1.02 M oz Ag @ 291 g/t
343 K oz Ag @ 175 g/t
Proposed Pit Outlines
Veins
Drill hole collar
160 K oz Ag @ 184 g/t
1 km
Mineral Resource label
7.251 M oz Ag @ 402 g/t I Indicated resource
55 K oz Ag @ 344 g/t
I Inferred resource
1 km
• Outcropping Ni 43-101 compliant pit constrained silver resource of indicated 11.93 Moz at 310 g/t Ag and inferred 3.06 Moz at 207 g/t Ag
• Outlined a series of new drill targets within the existing claims defined by high grade outcrop / trench channel silver results +/- geophysics
• Data analysis suggests that the Virginia Silver system may extend outside Mirasol’s claims
• Mirasol is in the process of consolidating surrounding exploration claims to test this and anticipates starting reconnaissance in August
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Mirasol Resources Looking Ahead
MIRASOL RESOURCES
Focused on gold & silver discovery
• Active drilling at Claudia – CVSA JV  delivering further results over coming months
• New seasons exportation to for Gorbea JV anticipated start up to 2nd season of exploration summer 2016
• Initiating new phase of exploration at Virginia high grade silver project in September 2016
• Actively perusing new JV deal on our drill ready projects
• Initiating exploration on Mirasol’s new pipeline projects in the Atacama – Puna region
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Mirasol Resources Summary
MIRASOL RESOURCES
Focused on gold & silver discovery
Demonstrated track record → Discovery to liquidity event
Conservative share structure 44.7 million issued shares → Managing our capital structure
Well funded CAD $18.7 million
Strong Joint Ventures delivering encouraging gold – silver drill results
Focused on delivering new deals on existing project bank
Aggressive counter cyclic project generation program has delivered (and is delivering) new quality projects
 Position to deliver shareholder value creation via discovery in an improving precious metals market
Please visit our website and register to follow the Mirasol story www.MirasolResources.com
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