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CHILE / ARGENTINA
GOLD / SILVER / COPPER
A PREMIER PROJECT GENERATORFocused On The Next Discovery
TSX.V: MRZmirasolresources.com
February 2019 - Update
For Further Information:
Norm Pitcher, President & CEOJonathan Rosset, VP Corp Development
Cautionary Statement
This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other thanstatements of historical fact, that address future operations, resource potential, exploration drilling, exploitation activities and events or developmentsthat the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and aregenerally, but not always, identified by the words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similarexpressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Information inferred from the interpretation of drilling resultsand information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of whatmight 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 differmaterially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-lookingstatements 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 ordevelopments 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 theseforward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, except as may be required byapplicable law.
This presentation may use the term “indicated resource”. The Company advises investors that although this term is recognized and required by Canadiansecurities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”), however the US Securities and ExchangeCommission does not recognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories willever be converted into reserves.
All material project information in this presentation has been previously disclosed to the public by Mirasol.
Stephen Nano (Director, Business Development & Technical Advisor), a “Qualified Person” under National Instrument 43-101, has reviewed and approvedthe scientific and technical information in this presentation.
MIRASOL RESOURCES
Portfolio Overview: Large High Caliber Gold – Silver – Copper Project Portfolio in Chile and Argentina
3
Confirmed Partner-funded exploration budgets
FY 2019 *
+ Committed Partner-funded
exploration budgets FY 2019 and FY 2020 *
→ Aggressive Programs Planned
Argentina: Claudia JV – OceanaGold
Argentina: Curva JV – OceanaGold
Chile: Altazor JV – Newcrest Mining
CA$ 6 M
2017
2017
2017
Chile: Indra JV – Hochschild Mining 2018
9 Drill Ready Property PackagesChile and Argentina
25 Early Stage Pipeline Projects
Mirasol Funded Exploration StrategyFY 2019 *
+Business Development
Activities
500 km
ATACAMA PUNA GENERATIVE REGION
SANTA CRUZ GENERATIVE REGION
JV Project
Deal Ready /Pipeline Project
Chile: Gorbea JV – Newcrest Mining 2019
* Financial Year (FY) for Mirasol is July to June. Certain contracted exploration commitments are for 18 months with some activities to occur next Financial Year
CA$ 6 M
CA$ 4.3 M
Strategy: Accelerating drill testing and the Path to Discovery
4
REW
AR
D (
de
po
sit
siz
e,
reta
ine
d in
tere
st)
RISK ($ to test, time, target type)
Mirasol Expanded Exploration Strategy
Self Funded Exploration on select projects
JV Model on Large Scale
Targets
JV Model on smaller scale
targets
Traditional Exploration
model
Expanded Exploration Strategy in place:
→ Retain the Project Generator Model as a central pillar of the business philosophy
→ Self funding of high grade / infrastructure advantaged / lower risk projects
→ Partner funded drill testing of large-scale, high risk / high reward projects
20 to 30%
3 Moz +
100%
1 to 3 Moz
Partner fundedJV Model
Mirasol funded Exploration
Mirasol Retained Project
Funding in place:
→ Completed C$8.6M Placement in June 2018 (70% over-subscribed)
→ C$25M in bank (September 30, 2018)
Exploration Activities FY2018-2019: An Active Year in progress
5
Altazor Newcrest Surface / Drilling program
Gorbea Newcrest Surface / Drilling program
La Curva OceanaGold 2nd Drill program completed
Claudia OceanaGold Surface program completed
Indra Hochschild Surface program completed
Nico Mirasol Surface + Drilling
Argentina Pipeline Mirasol Surface Exploration
Chilean Pipeline Mirasol Surface Exploration
Projects Funding Planned Activities
Multiple Concurrent Drilling
and Exploration Programs
→ Funding and Partners in place to deliver aggressive exploration programs this year→Opportunity for investors to gain exposure to potential discovery and strong news flow
Business Development Focus: Focused on Delivering Flow of New Deals
6
Previous Partners Current Partners
→ Track record for strong deals with quality partners on our projects in Chile and Argentina
5 partner funded Projects8 partner funded Projects→ 1 discovery / 7 returned without retained interest by partner
Arge
ntin
aC
hile
50 km
Gobernador
Gregores
Las Heras
Puerto
Deseado
Fitzroy
Perito
Moreno
San Julian
Bajo
Caracoles Virginia
Sascha-Marcelina
Nico
Homenaje
Espejo
Libanesa
Mirasol Projects: Extensive Gold – Silver - Copper Portfolio in World Class Mining Belts
7
5 Option to JV agreements with producers: Altazor, Gorbea, La Curva, Claudia, Indra → Targeting large scale discoveries
Extensive Portfolio of Drill Ready Projects in Chile and Argentina – Odin, Rubi, Zeus, Nico, Virginia/Sascha, Homenaje/Espejo, Libanesa, Amarillos, IDO Gold
Pipeline Projects includes leading position in the Prospective Mio-Pliocene mineral Belt
Argentina: Santa Cruz Au + Ag 13 Projects / 418,000 ha
La Curva JVOceanaGold
Claudia JVOceanaGold
Jurassic Volcanics
Taltal
Copiapo
El Penon
El Guanaco
Inca de Oro
Relincho
Argentina
Chile
Antofagasta
100km
Taltal
Antofagasta
ChuquicamataCluster
Copiapo
Potrerillos
Gaby
El Salvador
EscondidaCluster
100km
Argentina
Chile
Paleocene Igneous Belt Oligocene Igneous Belt Miocene Igneous Belt
Significant Au Deposit Significant Cu Deposit
Odin
Rubi
CentinelaCluster
Chile: Paleocene Au + Ag7 Projects / 30,000 ha
Chile: Oligocene Cu5 Projects / 42,000 ha
Amarillos
IDO Gold
Indra JVHochschild
Mining
Projects and hectares values are as disclosed in MD&A for September 30, 2018
Salares Norte3.7 Moz Au
49.5 Moz Ag
Veladero
Chile
Alturas8.9 Moz Au
La Coipa
Argentina
100km
Gorbea JVNewcrest Mining
Altazor JVNewcrest Mining
Zeus
MaricungaBelt
El IndioBelt
Chile: Mio-Pliocene Au + Cu21 Projects / 140,000 ha
Iquique
Copiapo
Taltal
Chile
Exploration and Business Development
Mantos Blancos
Chimborazo
Escondida
El Peñon
Taca Taca
Gaby
Antofagasta
Argentina
Chile
Taltal
5
475
23
Chañaral
Socaire
La Coipa
Potrerillos
El Salvador
Inca del Oro
50 km
Nueva Esperanza
Altazor JVNewcrest
MiningOdin Cu Project
Rubi Cu Project
Salares Norte*3.7 Moz Au,49.5 Moz Ag
Chile: Building On A Track Record Of Attracting Partners To District Scale Projects
9* Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report 2017.
Gorbea JVNewcrest
Mining
Indra JVHochschild
Mining
Under Joint Venture
Business Dev. Focus
Pipeline
Zeus Au Project
Mirasol Properties
→ Competitive technical and operational advantage
→ Demonstrated capacity to deliver high quality, district-scale precious metal projects
→ Seeking additional partnership to accelerate exploration of our portfolio
Positioning:• Portfolio of attractive projects in world-class Au/Cu belts• Exploring for bulk mineable Oxide High Sulfidation Epithermal (HSE) in
Mio-Pliocene Belt since 2010 → early mover advantage• Leading edge geoscience driven approach → identify / secure / test new
targets• Generative, exploration and claims management teams in place
Business Development: • Focused BD effort to attract additional partners:
• Copper: Odin, Rubi• Gold/Silver: Zeus
Mio Pliocene generative effortPaleocene Gold property package
• Upper levels of a large epithermal precious system
• Two prospects: Agni (large alteration system) and Indra (large vein and breccia zone)
• Prospective geological age, within a favorable structural setting
• Low elevation with year-round access and adjacent to mine infrastructure
• First phase program: detailed geological mapping, rock chip sampling, alteration vectoring studies and ground magnetics to develop drill targets
10
Hochschild Mining Chile: Indra Project – Option to JV Agreement With Program Initiated In Fall 2018
US$ 50K signing payment and US$ 800,000 committed spend over 18 months
Argentina
Chile Bolivia
Chile
SalaresNorte
La Coipa
MarteLobo
Inca de Oro
SpenceSierra Gorda
El Guanaco1.37 Moz Au5.75 Moz Ag1
El Penon6.95 Moz Au 188.1 Moz Ag1
San Cristobal0.99 Moz Au5.4 Moz Ag1
Chuquicamata
Esperanza
Gaby
Escondida
Taca Taca
El Salvador
Potrerillos
El Abra
Toki
Indra Project
Antofagasta
Tocopilla
Taltal
100 km
N
1 S&P Global Market Intelligence
→ Option to JV agreement signed in October 2018
→ Initiated surface exploration program – US$ 250,000 spent to December
→ Targeting multi-million ounce precious metal deposit
MRZ Funded Interest 30%
MRZ Partner Funded Interest 25% PEA
US$ 6M Exploration Expenditures$725,000 option payments
51% 70%75%
FS
60%
+fund
4.5 years 3 years 3 years
Background image: Ground Magnetics ASVI
open
open
open
Windows of strong outcropping alteration coincident with
moderate to intense ASVI lows.Extending under cover
Alunita
Purichari
Centinela West
Pirofilita
Sulfuros
Centinela East
La Puerta
open
New Altazorclaims
extension
New Altazorclaims
extension
New Altazorclaims
extension
Post mineral flow
Post mineral flow
Post mineral flow
5,000 m
Interpreted extent of alteration zone beneath cover
open
Intense silicification
Phreatic and Hydrothermal Breccias
CSAMT Survey Lines
Interpreted ASVI Lows
Interpreted ASVI Highs
Newcrest Mining Chile: Altazor JV Project Initiating Second Year Exploration Program
11
→ Targeting multi-million ounce HSE gold deposit
→ Completed initial CA$1.8M partner-funded exploration program
→ NCM exercised option to enter in Farm-in phase and paid C$650,000 to Mirasol
→ NCM budgeted CA$4.3M for upcoming exploration program with up to 4,000m of drilling (permit dependant)
MRZ Funded Interest 25%
MRZ Partner Funded Interest 20% PEA
$650k cashUS$ 10M Exploration Expenditures
US$600,000 option payments (paid)
51% 75%
FS$650k
65%
5 years 2 years 2 years
+fund
80%
• NCM acting as operator on the project going forward• Property claim package increased to 33,230 ha• Drill and road access permitting initiated along side with
environmental and community consultant process
Farm-in Phase: • US$8.5M in expenditures over 4 years to earn 51% of the project
Ground Magnetics ASVI Interpretation and Claims Expansion
Analytical SignalVertical IntegralMagnetic High
Magnetic Low
2,500 m
Post mineral flow
Post mineral flow
Post mineral flow
LIN
E 2
04
00
Alunita
Pirofilita
Sulfuros
La Puerta
Newcrest Mining Chile: Altazor JV Project – 2017/2018 Surface Program Delivers Compelling Drill Targets
12
→ Extensive surface exploration completed with 2nd season work initiated
→ Defined high priority conceptual targets for large scale HSE gold mineralization
→ Drill testing anticipated for Q2 2019, contingent on permitting process
First-year Surface Exploration Results• Three age date in 7.3 to 7.8 Ma in key “fertile” age bracket• Extensive (75km2) alteration including Steam heated cap, silicification and local
vuggy quartz correlating to large scale magnetic depletions• Alteration mineral assemblage vectoring to CSAMT resistivity anomalies• Multiple breccia complexes mapped along a 15km range front• Anomalous gold, silver, copper, lead, zinc in prospective geological setting• Highly resistive (7,500 to >30,000 Ohm-m) , Predominantly open-ended, CSAMT
geophysical anomalies
PirofilitaBreccia Targets
SulfurosBreccia Target
ResistivityOhm-m
CSAMT Line 20400E 2D Inverted Resistivity(Viewing East)
+10,000
6.3
50
0 m
500 m
Post-mineral cover and flows
CSAMT Resistivity Anomaly
CSAMT survey line
Max Resistivity GridOhm-m +10,00026
open
open
open
open
open
Background image:Max CSAMT Resistivity
CSAMT 2D Inverted Resistivity
13
Newcrest Mining Chile: Gorbea Project – New Option to Farm in Agreement – Targeting Multi-million Ounce Precious Metal Deposit
US$ 100K signing payment and US$ 4M committed spend over 18 months
a)Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report, 2017.
b)Barrick Annual Report 2018.
→ Definitive Option to Farm-in agreement executed in January 2019
→ Previous JV Partner spend of CA$10 M on the properties and drilled 11,640 m
→ 950 x 500 x 120 m body of gold mineralization identified
→ Follow up core drilling from Newcrest planned for Q1 2019 along detailed re-mapping, alteration vectoring studies and 60 line-km of CSAMT geophysics
MRZ Funded Interest 25%
MRZ Funded Interest 15% PEA
$650k cashUS$ 19M Exploration Expenditures
US$600,000 option payments
51% 75%
FS
65%
6 years 1 year 2 years
NSR royalty option
85%
Santiago
Alumbrera
Pascua
El Teniente
Pelambres
La Coipa
Mirasol – NewcrestGorbea JV incl. Atlas Project
Alturas (b)
8.9Moz Au
Mirasol – NewcrestAltazor Farm-In
AgreementAntofagasta
El Pachon
Los Azules
El Indio
Veladero
Caspiche
Maricunga
Salares Norte (a)
3.7 Moz Au49.5 Moz Ag
Mirasol Zeus Project
C H I L E
Las Helados
Filo Del Sol Josemaria
Los Bronces
A R G E N T I N A
Caserones
Agua Rica
200 km
Significant Mio-PlioceneCu-Au Deposit
Significant Mio-PlioceneAu-Ag Deposit
MRZ Au-Ag JV Project
Mio-Pliocene AgeVolcanics
MRZ JV Ready Project
→ Confirmed presence of a large, deeply oxidized and strongly mineralized HSE gold system
→ Large-area Au target in the prospective belt → Under-explored opportunity
14
North West South East
?
?
Open
??
No DataNo Data
No Data
Open
4,300m
4,200m
4,100m
4,000m
3,900m
Transition to zone of strong vuggy quartz-jarosite-alunite
alteration, forming sub-horizontal ‘cap’ to high grade Au
mineralized zone
PhreatomagmaticBreccia
DaciticDome
AndesiteVolcanics
AndesiteMegaclast?
114.1m @ 1.07g/t Auincl. 36m @ 2.49 g/t Au
77.1m @ 0.32 g/t Au incl. 16.5m @ 0.77 g/t Au
Open
AndesiteMegaclast?
Dacitic Domes
Phreatomagmatic Breccia (PBX)
Silicification + Alunite + Jarosite / Cream coloured chalcedony – Jarosite veins and Matrix
Hydrothermal Breccia
Andesite Volcanics & Megaclasts?
Logged / Interpreted Lithology
Alteration & Mineralization
Higher grade Au Mineralization zone, strong vuggy quartz + alunite +/- Fe Oxide/Hydroxides
150 m
Leapfrog >0.1 g/t Au Shell
Steam
Heated
Zone
Atlas Gold
Zone
Viewing North West
Leapfrog >0.25 g/t Au Shell
45.8m @ 0.32 g/t Au
250 m
??
Open
0.5 – 5.520.25 – 0.50.1 – 0.25
Drill Assays AuEq60*
0.01 – 0.1B.D.L – 0.01
* AuEq60 = Au + (Ag/60)
Newcrest Mining Chile: Gorbea Project – Data Review And Re-interpretation Deliver New Drill Targets
→ Integrated review of data completed, upgrading model and understanding
Outcomes includes:
• Recognition of a large breccias complex at Atlas that is host to the better gold mineralization
• Previous drill holes with anomalous gold/silver assays may have been terminated early above the potentially better mineralized zone
• New target areas identified where gold mineralization may occur closer to surface
MIRASOL RESOURCES LTD
Focused on gold & silver discovery
Argentina
Exploration and Business Development
50 km
Gobernador
Gregores
Las Heras
Puerto
Deseado
Fitzroy
Perito
Moreno
San Julian
San JoseHochschild/McEwen Mining
Cerro NegroGoldcorp
Cerro VanguardiaAngloGold/Formicruz
COSEPan American
Claudia JVOceanaGold
Bajo
Caracoles
La Curva JVOceanaGold
Joaquin Pan American
Homenaje
Espejo
Argentina: Large Portfolio of High Grade Gold - Silver Projects
16
Santa Cruz
Province
Argentina
Chile
Libanesa
Road
TownAu/Ag Mine/Resource
Ag Mine/Resource
Jurassic Volcanics
LEGEND
Under Joint VentureJV/Drill Ready Pipeline
MRZ PropertiesProcessing Plant
Trucking radius to operating mines
Mirasol funded exploration
→ Mining Province 6 >> 7 operating mines
→ Mirasol’s leading project portfolio in Santa Cruz
→ 13 Gold - Silver properties totalling + 400,000 ha
• Drilling at high grade Nico Project• 2 JVs with strong partner - OceanaGold• 3 additional Drill Ready projects• Large Pipeline of early stage projects
• Mirasol Exploration focused on near mine high grade projects → infrastructure advantage
• Nico: Drill Test• Libanesa: Additional surface work
• Business Development focus on:• Virginia• Sascha - Marcelina• Homenaje
MarthaHunt
Mining
Virginia
Don NicolasCiminas
Cerro MoroYamana Gold
TranquiloPatagonia Gold
Manantial EspejoPan American Silver
Nico
Sascha-Marcelina
OceanaGold Argentina: Targeting High Grade Low SulfidationGold – Silver in Argentina
17
→ Targeting standalone high-grade gold and silver deposits
→ Committed CA$1.56M budget to December 2018 for Claudia exploration and 3,000m drilling program at Curva
• First drilling program completed at Curva: Results released. Phase II drill completed → results pending
• First drilling program at Claudia completed: Results released. Plans and budgets for the remaining of the field season are under review
Cerro Vanguardia8.9 Moz Gold &~137 Moz Silver(approximate reserves and historic production)
10km
Claudia Project
2.5km
*Gold Equivalent = Gold + Silver / 60
LA CASTORA TREND
La Curva Project
CURVA WEST
RIO SECO
CELINE
CURAHUE
La Curva
MRZ Funded Interest 30%
MRZ Partner Funded Interest 25% PEA
US$ 7M Exploration Expenditures$1.25M option payments
4 years 4 years
51% 70%75%
FS
60%
Min
e D
ecis
ion
65%
Claudia
+fund
MRZ Funded Interest 30%
MRZ Partner Funded Interest 25% PEA
US$ 10.5M Exploration Expenditures$1M option payments
4 years 4 years
51% 70%75%
FS
60%
Min
e D
ecis
ion
65%
+fund
18
→ Phase II drill program completed –result pending
→ Phase I confirmed presence of alarge epithermal gold system
First program showed that two distinct stages ofgold mineralization:
Stage 1: broad zones of lower-grade
47.9 m at 0.48 g/t Au and 2.1 g/t Ag (CC-DDH-01)106.2 m at 0.61 g/t and 2.7 g/t Ag (SW-DDH-02)
Stage 2: overprinting phase of higher-gradeepithermal veins and veinlets
individual assays up to 0.8 m grading 12.72 g/tAu and 145.4 g/t Ag (SW-DDH-02)
1 to 66.8
0.5 to 10.25 to 0.50.1 to 0.25
Rock chip geochemistry Gold Equivalent g/t (Au+(Ag/60))
Jura
ssic
Age
Un
its
Legend
Structure
Interpreted structure
Phase 1 DrillingDrill hole collar and trace
La CurvaProject
CurvaWest
CastoraTrend
3
Hig
hw
ay
SouthWestDrilling: Six holes totalling 907m
Best Drill Intercept: SW-02 26.7m @ 0.83g/t Au & 2.2g/t Ag
Inc. 3.20m @ 2.04g/t Au & 3.6g/t Ag6.20m @ 2.33 g/t Au & 31.1 g/t Ag
Inc. 1.80m @ 6.88 g/t Au & 84.9 g/t Ag
Cerro ChatoDrilling: Seven holes totalling 1,131m
Best Drill Intercept: CC-0119.65m @ 0.72g/t Au & 2.6g/t Ag
Inc. 0.80m @ 6.12g/t Au & 18.6g/t Ag5.75 m @ 1.24 g/t Au & 2.0 g/t AgInc. 0.85m @ 5.99 g/t Au & 5.9 g/t Ag
Loma ArthurDrilling: Five holes totalling 512m
Best Drill Intercept: LA-0413m @ 1.22g/t Au & 0.7g/t Ag
Inc. 7.4m @ 1.81g/t Au & 0.7g/t Ag
Santa
Cruz
Province
Argentina
Chile
Mapped Geology
OceanaGold Argentina : Castora Trend Phase II DDH program completed
Gold Equivalent = Gold + (Silver / 60)
→ High grade intermediate sulfidationepithermal silver-gold district
→ Within trucking distance to nearby mines with 4 prospects identified to date
→ C$1.5M exploration program to June 2019, including drill testing
• Large, under explored land package
• 12 targets zones identified by high grade silver – gold vein-breccia rock chip assays
• Peak grades from rock chip sampling: up to 35 g/t Au; Up to 6,000 g/t Ag
Mirasol Project Argentina: Nico Project - Drilling a New Bonanza Grade Silver – Gold District
1 2002-2012 Martha production figures derived from Coeur D’Alene Annual Reports, 2002-2012.
Martha resource located 45 km to south, displayed at same scale for reference 1
→ 700 m strike 20.8 million oz Ag & and 26,729 oz Au 2
→ Avg. Ag grade = 1087.6 g/t Ag→ Avg. Au grade = 1.39 g/t Au 1500m
Aurora Vittoria
Endeavour
Resolution
1,500m
4
5 k
m
5.0 to 103
2.5 to 5
2.0 to 2.5
Rock Chip Assays Gold Equivalent Au+(Ag/60)
1.0 to 2.0
0.5 to 1.0
0 to 0.5
Target area fordetailed exploration
ResT1
Nico ProjectResolution Prospect
Aurora and Vittoria
Prospects
Endeavour Prospect
Mirasol Drill Test: Nico Project, Resolution Prospect – Bonanza Grade Gold - Silver
20
58o
60o
78o
61o
250 m
N
Nico Project78,000 ha Resolution
Prospect
Aurora and Vittoria
Prospects
Endeavour Prospect
Geology
Au/Ag Vein Trend
Interpreted Structure
Salt Pan/Alluvial
Soil Cover
Porphyritic Sub-volcanic Dacite
Basalt Capping Flows
Hydrothermal Alteration
Strike and DipMeasurement
↑ Post Mineral
5.0 to 103.1
2.5 to 5
2.0 to 2.5
1.0 to 2.0
0.5 to 1.0
BDL to 0.5
Resolution Main Structure Zoom
500 m
15 km
7.9 g/t AuEq60
471.6 g/t Ag,0.13 g/t Au
8.1 g/t AuEq60
485.9 g/t Ag,0.05 g/t Au
6.62 g/t AuEq60
397.9 g/t Ag,BDL Au
26.2 g/t AuEq60
1,275.5 g/t Ag,4.92 g/t Au
27.6 g/t AuEq60
1,319.5 g/t Ag,5.59 g/t Au
103.1 g/t AuEq60
6,181.4 g/t Ag,0.1 g/t Au
48.5 g/t AuEq60
2,332.3 g/t Ag,9.62 g/t Au
Rock Chip AssaysGold Equivalent 60Au+(Ag/60)
2.9
30.2
Ch
arge
abili
ty m
V.V
49.3 g/t AuEq60
2,954.5 g/t Ag,0.08 g/t Au
Base Image – PDP-IP Chargeability 50m Depth Slice on Quickbird Imagery
→ 2.1 km x 230 m vein zone: Priority drill target high grade silver- gold mineralization
→ Bonanza grade silver – gold assays from systematic rock chip sampling of coliform banded veins over 1.2km long sections of main vein breccia
• Better assays from oxidised veins includes:
• 6,181.4 g/t Ag and 0.1 g/t Au (103.1 g/t AuEq60)
• 9.62 g/t Au and 2,332.3 g/t Ag (48.5 g/t AuEq60)
• Prospective down dip electrical IP electrical geophysical anomaly
• Potential for significant sulfide mineralization down dip of high grade vein-breccias
32.9 g/t AuEq60
1,484.7 g/t Ag,8.15 g/t Au
25.3 g/t AuEq60
1,435.9 g/t Ag,1.37 g/t Au
Mirasol Drill Test: Nico Project, Aurora Gold - Silver Prospect Reconnaissance Rock chip Sampling
21
• Rock chip samples assays up to 35.09 g/t Au and 2,095.9 g/t Ag
• Exploration to started in late September 2018 with systematic mapping and sampling
• To be drill tested this field season
500 m
New Vein Trends Discovered
Aurora Prospect
Tertiary Basalt
Jurassic Ignimbrites
JurassicFlow Dome
5.0 to 37.6
2.5 to 5.0
1.0 to 2.50.5 to 1.00.25 to 0.5
Rock chip assays (g/t) AuEq60 = Au+(Ag/60)
Alteration/ Mineralization Trend
0 to 0.25BDL
Jurassic Flow Dome
Jurassic Volcanics
→ Aurora Prospect: 9 priority targets for high grade gold - silver mineralization
→ 4 x 2.1 km area with multiple vein trends defined by high grade rock chip assays
250 m
15.1 g/t AuEq60
256.7 g/t Ag,10.8 g/t Au
Rhyolitic Flow Dome
28.9 g/t AuEq60
454.1 g/t Ag,21.4 g/t Au
37.6 g/t AuEq60
856.9 g/t Ag,23.3 g/t Au
8.7 g/t AuEq60
449.8 g/t Ag,1.2 g/t Au
15.3 g/t AuEq60
7.8 g/t Ag,15.2 g/t Au
22.5 g/t AuEq60
262.4 g/t Ag,18.1 g/t Au
35.6 g/t AuEq60
30.3 g/t Ag,35.1 g/t Au
Jurassic Ignimbrite
s
Jurassic Ignimbrite
s
35.1 g/t AuEq60
2,095.9 g/t Ag,0.14 g/t Au
In Summary
Mirasol Resources Looking Ahead: News Flow
23
• Pending: Exploration results from OceanaGold funded work at Curva and Claudia (drilling and surface)
• Pending: Exploration Results from Mirasol funded exploration at Nico
• Pending: Exploration Results from Zeus Surface Exploration Program
• News flow from business development strategy for deals on JV ready projects
• News flow from aggressive JV and Mirasol funded exploration and drilling
Strong News flow from planned FY 2019 to 2020 programs in Chile and Argentina
→ Multiple partner-funded drilling and exploration programs
→ Mirasol funded exploration
→ Continued Business Development initiatives to deliver new property deals
Mirasol Resources: Corporate Summary
24
Cap
ital
Str
uct
ure
Po
rtfo
lioSk
ills
• Well-funded • C$ 25M cash
• Conservative share structure • 54 M shares outstanding• 3.1 M Stock options outstanding• 110,000 RSUs• 2.2 M warrants outstanding (C$ 3.00, expiring June, 2020)
• Aligned interest with ~30% insider position
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• Multiple Active JVs – strong partners, strong projects, strong deals
• Large portfolio of drill-ready projects
• Pipeline of early stage projects in Chilean / Argentine world-class mineral belts
• Leading-edge technology and discovery team
30%
25%
45%
InsidersInstitutional InvestorsHNW and Retail Investors
Share DistributionAs at September 30, 2018
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