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Mirasol Resources Ltd. 910-850 West Hastings Street Vancouver, BC Canada V6C 1E1 (604) 602-9989 www.mirasolresources.com TSXV - MRZ Mirasol Resources Ltd. 910 - 850 West Hastings Street Vancouver, BC Canada V6C 1E1 (604) 602 - 9989 www.mirasolresources.com TSXV - MRZ Mirasol Resources Rubi Copper Project, Chile

Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

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Page 1: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

Mirasol Resources Ltd.910-850 West Hastings StreetVancouver, BCCanada V6C 1E1(604) 602-9989www.mirasolresources.comTSXV - MRZ

Mirasol Resources Ltd.910-850 West Hastings StreetVancouver, BCCanada V6C 1E1(604) 602-9989www.mirasolresources.comTSXV - MRZ

Mirasol ResourcesRubi Copper Project, Chile

Page 2: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

MIRASOL RESOURCES

Cautionary Statement

This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, thataddress future operations, resource potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward lookingstatements. 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. Informationinferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutesa 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-lookingstatements 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 explorationsuccesses, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are notguarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statementsare 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 by applicable law.

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”), however the US Securities and Exchange Commission does not recognize this term. Investorsare 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, a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and technical information in this presentation.

Page 3: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

RUBI Project – Eocene-Oligocene Porphyry Copper Belt

3

Taltal

Nord

Nix

El Salvador Cluster30 MT Cu

EscondidaCluster

ChuquicamataCluster

Centinela Cluster

Taca Taca

100km

Argentina

Chile

Antofagasta

Santiago

TaltalCopiapo

Base imagery: SRTM DEM

Rubi

Odin

Oligocene AgeMagmatic CentresMirasol Copper Project Copper Deposit/Target

Gold Deposit/TargetMirasol Rubi ProjectLegend

• Large consolidated claim package 25,980 ha - 100% Mirasol owned

• Lithocap – 3.5 km x 2 km area centered on advanced argillic lithocap and < 80 m thick gravel covered extensions zonation vectors to potential porphyry center indicated by low level Cu-Mo mineralization in advanced argillic-phyllic-localized potassic alteration defined from peripheral historic drilling

• Zafiro – 2.8 km x 2.2 km area comprising a gravel covered central magnetic high and depletion halo and peripheral outcropping argillic-phyllic alteration with multiple zones of Cu-Mo anomalous magnetite matrix crackle breccias and stockwork veining Indications of possible exotic copper occurrences

• Portezuelo – 4.5 km x 2.7 km area with coincident zones of magnetite depletion and multiple, outcropping zones of stockworkveining and anomalous Cu-Mo-Au soil and rock chip geochemistry extensive gravel cover

Eocene (34-56 Ma)Paleocene (56-66 Ma)

Diego de Almargo

Base Imagery: ALOS DEM10 km

Radiometric Age Dates

Inca de Oro66 ma

1.6 MT Cu1.7 Moz Au

El SalvadorPCD Cluster

42 ma 17 MT Cu

12 Moz Au

RubiProject49.1-65ma Potrerillos PCD

34.9 ma9 MT Cu

23 Moz Au

Zafiro

PortezueloLithocap

Page 4: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

RUBI Project – Location and Infrastructure

4

25 km

El Salvador

Inca De Oro

Carmen

Manto Verde

Potrerillos

Artemisa

MirasolRubi

Project

Chanaral

El SaladoDiego de Almagro

5

C13

C17

C18

PacificOcean • Rubi copper porphyry project located in

Region III of Chile, 80 km east of the port town of Chanaral

• Year round access to main prospects at altitudes between 1,800-2,900 m

• Central portion of project area situated 1 hr drive from Diego de Almagro via well maintained gravel road

• Project situated in prolific Potrerillos District, 15 km south of the El Salvador, and 8 km west of the Potrerillos porphyry Cu deposits and smelter facility

• No protected aquifers or surface water resources

• Good potential synergies with existing nearby infrastructure and nearby, ageing mining operations townships with skilled mining workforce, roads, rail, water, power, smelter

Portrerillos Smelter

Santiago

Taltal

Copiapo

LegendCopper Deposit/Occurrence

Gold-Silver Occurrence

Rubi Project

Powerline

Page 5: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

5

1620 1661 1702 1743 1784 1825 1866 1907

Mantos Blancos drilled 36(identified to date) shallow(<150m) holes peripheral totLithocap Prospect in 1980's logging of remnant chips suggest30 holes did not intersectbedrock

2007

Mirasol conducted independentenvironmental, archaeological andsocio-cultural site studies, stream, rockchip and ASD sampling, detailedgeological mapping 3 main targetsgenerated including Lithocap, CornerZone and Portezuelo

10 RC drill holes drilled at PortezueloProspect by unknown company (datingto 1980-90´s) remnant RC chipsvisible but no historic logs or drill assayshave been recovered

FQM - MRZ JV

First Quantum Minerals (FQM) work completed:• Independent environmental, archaeological & socio-cultural site studies; permitting for early stage drilling

approval received for drilling via ´carta de pertenencia´• Geological mapping (1:5000 scale)• Rock chip sampling (142 samples)• ASD/PIMA analysis (SWIR) (1,534 samples)• Soil sampling (787 samples)• Geophysical surveys (~22,870 ha of Airborne Magnetics & Radiometrics, ~8,500 ha of Gravimetry and 36.9 line km

of IP/MT)• Enzyme Leach sampling throughout post mineral gravel covered areas (467 samples)• Buffering Capacity (IDH) sampling throughout post mineral gravel covered areas (467 samples)• Drilling - 16 holes (11 DDH/RC and 5 RC) totaling 6,054.2 m between October 2014 and January 2015 Drilling

focused throughout 6 defined target areas generated from the above work including Glenlivet, Wild Turkey (1stOrder Targets) & Black Label, Jim Beam, Glenfiddich & Jack Daniels (2nd order targets)

2012 September 2013

April 2015

RUBI Project – Work History

• Consolidation and expansion of Rubi claim block from 13,400 ha to 25,980 ha hectares secured tenure peripheral to existing and over newly defined targets

• Remote spectral geology and field mapping Integrated interpretation of alteration, structure and mineralization by an external consultant

• Detailed mapping, rock and stream sampling of Lithocap, Portezuelo, Zafiro. Several additional alteration zones and geophysical targets to be drill-tested

• Re-logging of core from drilling peripheral to the Lithocap Target and alteration/mineralization vector modelling

• Compilation and integrated analysis of Mirasol and FQM data definition of extensive, technically compelling targets that remain untested by drilling and geophysics

Present

Mirasol

US$ 2.8 million – 6,054m drilled

Page 6: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

Rubi ProjectTarget Summaries

6

Page 7: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

RUBI Project – Geology and Prospective Target Locations

7

5,000m

58.7Ma

65Ma

60Ma

59Ma66Ma

60Ma

61.5Ma62Ma

66.5Ma

60.5Ma

59Ma

50Ma

50Ma

49.1Ma

49.7Ma

Gravel Cover

Gravel Cover

LithocapProspect

PortezueloProspect

UntestedAlterationAnomaly

UntestedAlterationAnomaly

UntestedAlterationAnomaly

Zafiro Prospect• Rubi lies within the Eocene-Oligocene Porphyry Copper

Belt of Northern Chile

• Highly prospective structural setting-setting for Eocene-Oligocene porphyry deposits centred within DomeykoFault Corridor at intersection with trans-origin NW trending Ojos del Salado and NE trending Inca de Oro structural corridors

• Late Cretaceous (~60Ma) andesitic volcanic breccias, flows and porphyritic rocks host the alteration and mineralization

• Paleocene-Eocene granodioritic and pyroxene monzodiorite stocks have intruded the Cretaceous volcanic package

• Age dates on granodioritic to dacitic bodies at the Portezuelo Prospect are dated at 49-50Ma (K/Ar).

Intrusions of this age broadly correlate with the early quartz rhyolite, sanidine phase at the Cerro Pelado Ore body in the El Salvador Porphyry Cluster north of Rubi

• Age dates at Lithocap and Zafiro prospects are currently pending on recently identified mineralization/alteration

• >50% of the Rubi claims are covered by late Tertiary gravel cover observed to locally reach a maximum thickness of 270 m but is generally between 20 and 85 m

• Three untested alteration anomalies have been recently identified; require further follow up

BASE IMAGE: ESRI World Imagery

Rubi Property Boundary

Page 8: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

RUBI Project – Lithocap Porphyry Copper Target Summary

Interpreted 3.5 km x 2 km porphyry target below and west of lithocap indicated by:

• 2.3 x 1.7 km outcropping porphyry lithocap, extending under cover. Advanced argillic alteration assemblage (silica, alunite, dickite, kaolinite, jarosite). Structurally controlled along northern boundary that juxtaposes lithocap alteration against patchy intermediate argillic and propylitic assemblages

• Exposed lithocap alteration displays a subtle zonation of high temperature minerals (K/Na alunite, kaolinite/dickite and pyrophyllite) that vectors to the south towards a possible intrusive source

• Drill hole alteration logging suggests transition to higher temperature pyrophyllite + sericite and sericite + chlorite assemblages under lithocap towards the west and south

• Intensity and proportion of potassic/sericitic alteration and brecciation in drill holes increases to north-northwest under the outcropping untested Lithocap

• Sporadic anomalous surface geochemistry highlighted by 4 samples > 40 ppm Mo from leached stockwork zones and strongly anomalous Cu and Mo reported from quartz-tourmaline hydrothermal breccia to the east of the lithocap up to 0.75% and 82 ppm respectively

• 2014 drilling results indicate a vector of anomalous Cu/Mo mineralization towards north/northwest underneath the lithocap outcrop Intersections of 2 m @ 0.16% Cu and 6 m @ 63 ppm Mo

• PDP-IP highlights a strong resistive signature from 100 m depth, coincident with advanced argillic lithocap

• Two strongly anomalous chargeable features are observed between 200-400 m, coincident with lithocap style adv. argillic alteration (dickite-alunite-kaolinite)

• Magnetic anomalies, with signatures interpreted to represent small intrusive bodies occur to the west of the outcropping lithocap

Interpreted 3.5 km x 2 km porphyry Cu target below and west of the outcropping lithocap alteration remains untested by electrical geophysics and drilling interpreted gravel cover depth < 80 m

8

RD-3

RD-102m @ 51.8ppm Mo

RD-132m @ 0.16% Cu

DD-2B2m @ 0.029% Cu

RD-14

RC-7

RD-164m @ 0.1% Cu

RD-154m @ 0.2% Cu

DD-16m @ 63ppm Mo

Magnetic Anomalies

OutcroppingLithocap

1000m

Limit of Interpretation Polylithic Cu BrecciaAssays up to 0.75%

Cu + 82ppm Mo

Chargeability Anomalies (200-400m Depth Slice)

3.5 x 2 kmLithocap Target

Quebrada SaladoAu Vein System

Rubi Property Boundary

Edge of Cover

Gravel Cover

BASE IMAGE: PDP-IP Chargeability on ESRI World Imagery

15

Char

geab

ility

(mV/

V)

0

Gravel Cover

Gravel Cover

Gravel Cover

Cu > 0.05%Mo > 40ppm

MRZ 2014 Drill hole

Rock Chip Geochemistry

Drilling

Historic Drill hole(Penetrated Gravel)

Historic Drill hole(Did not Penetrate Cover)

Alunite + Dickite + KaolinitePyrophyllite + Sericite

Illite + Smectite + Chlorite

Chlorite + Illite

Epidote + Chlorite + Illite

Propylitic

Smectite + Illite

Interpreted Alteration

Polylithic BrecciaVolcanic Breccia

Field Mapping

High temperature potassic/sericitealteration vector

Mapped Stockworking

Page 9: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

474.7

425

400

375

350

325

300

275

250

225

200

175

150

125

100

75

50

25

0

RUBI Project – Lithocap Prospect RD-10 Drill Hole Summary

450

474.7

425

400

375

350

325

300

275

250

225

200

175

150

125

100

75

50

25

0

450

Lithocap

Chlorite-illite

Weak Potassic

Andesitic lava with moderate quartz-illite-pyrite alteration.Stockwork with quartz-pyrite

veinlets

Late? Porphyry intrusion with weak potassic alteration

MuscoviteParagonite

Andesitic lava with moderate chlorite-illite-

magnetite alteration.Late anhydrite veinlets

Polymictic explosionbreccia with angular clastswith early? strong potassicalteration with biotite-k-

feldspar.

Lith Alt1

VN 1Alt2

VN 2 VN2Int

Cu % Moppm

Pbppm

Znppm

Auppm

Agppm

0 0.05 0 40 0 100 0 250 0 0.05 0 5

VN1Int

Page 10: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

RUBI Project – Zafiro Porphyry Copper Target Summary

10

• Concealed Cu-Mo-Au porphyry target defined by a central magnetic high with peripheral strongly anomalous Cu-Mo stockwork veining and magnetite matrix breccias

• Stream sediment samples taken from drainages incising the valley scarp are strongly anomalous in Cu with 6 samples > 0.05% Cu possible evidence of a buried porphyry source or exotic copper mineralization within prospect

• Mineralized andesitic porphyry and crackle breccia outcrops exposed along NW oriented valley scarp on NE edge of property and target boundary, recorded assays up to 3.09g/t Au, 0.08% Cu and 110.5ppm Mo

• 3D Magnetic inversion, 750 m depth slice indicate a 2.8 x 2.2 km magnetic high, interpreted to be a concealed intrusive complex under gravel cover SW gravel plateau hosting target area interpreted to be < 160 m thick

• Magnetic high surrounded by strong magnetic depletion zone interpreted as a phyllicalteration halo, as observed in holes DD-2B (2m @290 ppm Cu) and RC-9 (4m @ 59.4 ppm Mo)

• Cu-Mo-Au mineralization outcropping in valley scarp below cover is associated with magnetite matrix crackle breccias and qtz-limonite stockwork veining hosted in andesitic porphyry volcanics. Strongly anomalous Cu, Mo and Pb assays associated, up to 0.28%, 3220ppm and 10250ppm respectively

• Limited pIR-SPEC sampling along outcrop on the valley slope in the NW, confirms presence of high temperature phyllic alteration (Na-K rich paragonite and muscovite) coincident with anomalous geochemistry

• Remnant outcrop of adv. argillic (dickite-alunite-kaolinite) lithocap style alteration in the north and northwest with propylitic (chlorite-epidote- magnetite) pervasive alteration and hydrothermal veining

Vectors of alteration and mineralization indicate potential for the magnetic high to be related to a copper bearing porphyry intrusive that remains untested by electrical geophysics and drilling

RD-3

RD-102m @ 51.8ppm Mo

RD-132m @ 0.36% Cu& 22.2ppm Mo

RC-94m @ 59.4ppm Mo

Magnetic Depletion(Interpreted Phyllic Alteration Halo)

Magnetic High(Concealed Intrusive?)

Mineralised Crackle Breccias exposed in valley scarp.

Anomalous Cu-Mo-Au-As

DD-2B2m @ 0.029% Cu

Mineralized Andesitic Porphyry exposed in

valley scarp

Remnant Adv.Argillic

Lithocap

BASE IMAGE:3D Magnetic Inversion

750m Depth SliceOn ESRI World Imagery

1000m

Rubi Property Boundary

2.8 x 2.2 kmZafiro Target

Strongly anomalous Cu-Mo-Pb±Au-Ag geochem associated

with qtz-hem-magnetite stockworking

6 strongly anomalous stream sediment samples assayed >0.05% Cu

from drainages along valley scarp

Cu > 0.05%Mo > 40ppm

MRZ 2014 Drill hole

Rock Chip GeochemistryDrilling

Historic Drill hole(Penetrated Gravel)

Mapped Stockworking

Historic Drill hole(Did not penetrate cover)

Polylithic Breccia

Andesitic Porphyry

Field Mapping

Volcanic Breccia

Crackle Breccia

Stream GeochemistryCu > 0.05%

Cu oxide mineralization in

gravels

Page 11: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

RUBI Project – Zafiro Prospect Summary

• Majority of prospect covered by gravels interpreted to average less than 150m thick. Localised indications of possible exotic Cu in shallow workings hosted in gravel Cu source unclear

• North and NE of the core of the target mineralization is hosted by phyllicor propyltic altered Cretaceous volcanic sequence comprising andesitic lava and pyroclastic rock

• Monomictic hydrothermal breccia with andesitic clasts cemented by hematite matrix (after magnetite) and argillic alteration developed in NE outcropping portion of Cretaceous volcanic sequence indicating proximity to intrusive center

• Local development to NW of target of thin and discontinuous quartz and siderite veinlet stockworks with sulphide clots and green oxide Cu hosted in fine grained, strongly chlorite-magnetite-illite altered rock indicate peripheral porphyry mineralization

Primary target comprises a large covered magnetic anomaly with a strong magnetic depletion halo with peripheral outcropping alteration and mineralization consistent with the outer zones of a porphyry copper system

11

MCR0019346. Massive quartz vein withsulphide clots and green Cu oxide.

432ppm As, 0.285% Cu, 3,220ppm Mo, 10,250ppm Pb, 20.3ppm Sb, 292ppm Zn

Zafiro stockwork zone quartz-carbonate veinlets up to 0.05% Cu

MCR0019280. Hydrothermally brecciatedandesitic lava with hematite brecciamatrix (after magnetite) 133ppm Cu,

13.95ppm Mo

Cobbles of high Cu grade, exotic Cu oxides, from historic workings hosted in gravel

cover

Hydrothermal breccia body hosting argillic+ feox alteration

MCR0019353. Massive quartz vein fromstockwork zone. 73ppm As, 77ppm Cu, 41.5ppm Mo, 337ppm Pb, 119ppm Zn

1. 2. 3.

4. 5. 6.

1.2.

3.4.

5.

6.

1,000m

ZafiroTarget

Page 12: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

RUBI Project – Portezuelo Porphyry Copper Target Summary

• Large 4.5km x 2.7km dominantly concealed to shallowly covered Cu-Mo-Au porphyry target defined by: • Strongly anomalous Cu-Mo geochemistry (up to 0.96% Cu,

3,500ppm Mo) associated with qtz-limonite stockwork zones within a larger Cu-Mo soil geochemical anomaly Cu up to 0.21%, Mo up to 100ppm

• Elongate 1,200 x 600 m covered magnetic anomaly with coincident Cu-Mo±As-Au-Ag rock chip geochemistry

• Historic drilling (results not available) tested only a minor portion of the outcropping system at shallow depths

• Widespread gravel cover, with sporadic outcrop of granodiorite intrusive and quartz-limonite stockwork veining in biotite hornfels

• 49-50ma granodioritic to dacitic intrusive phase broadly correlative with pre-mineral intrusive phases at El Salvador

• Outer, distal, sub epithermal, polymetallic (Cu-Mo+Pb-Zn-Sb ± Ag-Au) veining, structurally hosted mineralisation

• Cu-Mo-Au mineralisation associated with qtz-limonite stockwork veining

• An arcuate, low temperature phengitic halo bounds the east of the target based on pIRSPEC White Mica temperature & composition analysis

• Other extensive outcropping and covered target zones warrant followup mapping and geochemical sampling and remain untested by electrical geophysics and drilling

12

Gravel Cover

Cu > 0.05% Rock chipMo > 40ppm Rock chip

Higher TemperatureWhite Mica

Geochem

pIR-SPEC Sampling

Lower TemperatureWhite Mica

Observed Stockworkingand/or veiningHistoric Drill hole

Cu Soil AnomalyMo Soil Anomaly

Rubi Property Boundary

Covered Magnetic Anomaly(concealed intrusive?)

BASE IMAGE: RTP Heli-Magnetics500m

4.5 x 2.7 km Portezuelo Target

Rubi Property Boundary

Strongly anomalous rock chip assays, Au to 11g/t, 5 samples > 1g/t Au. Pb to 19,650ppm, Zn to 5,180 and Sb to 79.5ppm

Limit of anomalous Cu/Mo in previous JV partner soil sampling, ground followup required

Qtz-Hematite ± Goethite-Limonite Stockwork/Sheeted vein outcrops (assays up to 0.21% Cu, 209ppm Mo and 1.68g/t Au)

Page 13: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

• Well developed sheeted and/or stockwork limonite-sericite-silica veining and fracture controlled sericitisation broadly coincident with zone of magnetite depletion in magnetic survey

• Strong Cu-Mo signature reporting to quartz-Fe oxide ± Cu ox stockwork hosted by granodiorite/tonalite intrusive rocks

• Hematite-goethite-quartz breccia and veining developed in biotite hornfels in sporadic outcrop in north east of Portezuelo area Favourable host for porphyry vein development

• Historic (1980’s) drilling has only tested a small portion of the outcropping system

• No systematic mapping and sampling, geophysics or drilling carried out subsequent to historic 1980’s drilling

• Several additional defined targets merit further mapping and geochemical sampling 13

Hematite-goethite breccia developed on biotite hornfels throughout NE portion of Portezuelo

Limonite-goethite and quartz-hematite-goethite stockwork at Portezuelo North West

K-spar alteration and qtz stockwork(0.16% Cu, 209ppm Mo, 370ppm Zn)

Stockwork of quartz/limonite in argillic altered granodiorite (657ppm Cu, 0.38g/t Au)

Potassic Altered Diorite with Leached Qtz-Limonite Stockwork (973ppm Cu, 104ppm Mo)

Green copper oxide in granodiorite

Stockworking and late stage dyking in granodiorite (370ppm Cu)

Quartz sheeted veining in granodiorite (0.15% Cu, 844ppm Pb, 644ppm Zn)

RUBI Project – Portezuelo Prospect Summary

Sheeted Qtz-Limonite Veins Potassic phyllicaltered porphyry over 200m in Road cut

(0.12% Cu, 121ppm Mo)

1. 2. 3.

4. 5.

7. 8. 9.

1.2.

3. 4.

5.

6.

7. 8.

9. 500m

6.

Page 14: Rubi Copper Project, Chile - Mirasol Resources Ltd€¦ · 01.11.2017  · RUBI Project – Geology and Prospective Target Locations. 7. 5,000m. 58.7Ma 65Ma 60Ma 59Ma 66Ma 60Ma 61.5Ma

RUBI Copper Porphyry Project – Summary

• Located within 25,980 ha 100% Mirasol owned block, in Region III of Chile, 80 km east of port town of Chañaral, key target areas between 1,800-2,900 m altitude

• Positioned in highly prospective regional-scale geological setting for Eocene-Oligocene porphyry deposits centred within Domeyko Fault Corridor at intersection with trans-origin NW trending Ojos del Salado and NE trending Inca de Oro structural corridors

• Located 15 km southwest of El Salvador Porphyry Cu Mine and 10 km west of Potrerillos Porphyry Cu Mine and smelter

• No significant identified environmental, sociocultural nor indigenous community impediments to exploration1

• Existing nearby infrastructure townships with skilled mining workforce, roads, rail, water, power, smelter

3 large, primary porphyry centre target prospects remain untested by electrical geophysics and drilling: Lithocap, Zafiro and Portezuelo

• Lithocap – 3.5 km x 2 km target area centered on advanced argillic lithocap and < 80 m thick gravel covered extensions zonation vectors to potential porphyry center indicated by low level Cu-Mo mineralization in advanced argillic-phyllic-localized potassic alteration defined from peripheral historic drilling

• Zafiro – 2.8 km x 2.2 km target area comprising a gravel covered central magnetic high with depletion halo and peripheral outcropping argillic-phyllic alteration with multiple zones of Cu-Mo geochemically anomalous magnetite matrix crackle breccias and qtz-hematite stockwork veining with indications of possible laterally developed exotic copper occurrences in gravel cover

• Portezuelo – 4.5 km x 2.7 km target area with coincident zones of magnetite depletion and multiple, intermittently outcropping zones of stockwork and sheeted veining and anomalous Cu-Mo-Au soil and rock chip geochemistry throughout extensive zones of shallow gravel cover

Primary target areas require additional work to refine drill hole placement via systematic geology, geochemistry and electrical geophysics

Several additional, recently defined alteration/geochemical targets that require followup exploration

Mirasol seeking a quality partner via earn in JV deal to undertake systematic exploration at the project1Archaeological sensitivity peripheral to Lithocap Target identified and successfully permitted and managed during previous JV partner drill program

14