Mirasol Resources Intersects 625.0 G/T Silver Over 10.8 Metres At Virginia Silver

Mirasol Resources Ltd. (TSXV: MRZ) announced this morning the drill results from the Virginia Silver Project, located in Santa Cruz province, Argentina. The results, including intersects of 625.0 g/t silver over 10.8 metres, give the company a reason to believe that a new high-grade zone has been discovered at the Ely Central target of the site.

Highlights of the drill results announced today include:

  • EC-DDH-005: 625.0 g/t silver over 10.8 metres, including 1,110.0 g/t silver over 5.7 metres
  • EC-DDH-004: 639.0 g/t silver over 9.6 metres, including 657.0 g/t silver over 9.3 metres
  • EC-DDH-003: 560.0 g/t silver over 9.98 metres, including 1,578.0 g/t silver over 2.87 metres

The company believes it has discovered a newly emerging 200-metre open-ended strike length of high silver mineralization zone. The location lies within the gap of 580 metres that was left untested when Mirasol Resources first drilled at Virginia Silver in 2012.

According to Mirasol Resources, the new mineralization zone indicates the potential for further expansion of the resource at the property. The property currently contains a mineral resource of 11.9 million silver ounces at 310.0 g/t silver and a further inferred resource of 3.1 million silver ounces at 207.0 g/t silver.

The results come from the company’s phase II diamond drilling program which comprised of 20 core holes. This program is being funded by Silver Sands Resources Corp. (CSE: SAND) under an option-to-purchase agreement that would see Mirasol retain a 19.9% ownership in Silver Sands.

Mirasol Resources Ltd. last traded at $0.48 on the TSX Venture.


Information for this briefing was found via Sedar and Mirasol Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

SSR Mining Q1 Earnings: Costs Continue To Climb

Recommended

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

PTX Metals Hits 235.1 Metres Of Copper, Nickel Mineralization In Longest Intercept To Date At W2

Related News

Silver Outperforming Gold as Industrial Consumption Set to Drive Demand

The coronavirus pandemic has caused many investors to flock to safe-haven assets such as gold,...

Monday, August 17, 2020, 02:26:10 PM

The $40 Billion Gold COMEX Delivery ‘Error’ That Wasn’t An Error | Peter Krauth

In this timely interview, Peter Krauth from SilverStockInvestor.com provides a comprehensive analysis of the current...

Thursday, April 24, 2025, 01:37:00 PM

GR Silver Mining: Seven Drilling Rigs Turning On Mexican Projects

On June 21, GR Silver Mining Ltd. (TSXV: GRSL) announced that is beginning a 14,000-meter...

Monday, July 5, 2021, 11:33:00 AM

Discovery Silver Drills 3,934 G/T Silver Equivalent Over 1.1 Metres At Cordero

Discovery Silver Corp. (TSXV: DSV) announced today the results from 13 diamond drill holes at...

Tuesday, July 13, 2021, 09:37:00 AM

New Pacific Metals Approved To List On The NYSE

New Pacific Metals Corp. (TSX: NUAG) announced today that it has received approval to list...

Monday, May 17, 2021, 08:18:27 AM