Mirasol Resources

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Primary ticker: TSXV:MRZ
Stage of development: Exploration
Primary minerals: Copper, Gold, Silver
Project to promote: Sobek
Project location: Chile
Website: mirasolresources.com

Mirasol Resources (TSXV:MRZ) is a well-funded exploration company with 20 years of operating, permitting and community relations experience in the mineral rich regions of Chile and Argentina. Mirasol is currently self-funding exploration at the flagship Sobek Copper-Gold project located in the Vicuña Copper-Gold-Silver District of northeast Chile and controls 100% of the high-grade Virginia Silver Deposit in Argentina. Mirasol also continues to advance a strong pipeline of highly prospective early and mid-stage projects.

Cash: CAD$2.8M
Debt: CAD$1M

Major shareholders:
John Tognetti (Director) – 24%

Glenn Poutney (retail shareholder) – 12%

Jupiter Asset Management – 9.9%

Equinox Partners – 6%

Management ownership – 26%

Financials

Management Profile

Tim Heenan – President

Mr. Heenan has over 30 years of exploration experience, mostly within Central and South America, with a focus in Chile and Argentina. Over his career, he has worked within a wide range of companies from junior through mid-tier and also major multinationals both as an employee or on a consulting basis. Mr. Heenan has resided between Chile and Argentina since 1992 and is very familiar with the local cultures, legal frameworks and geological environments in these two countries. He is a hands-on exploration geologist, who has worked in all aspects of exploration from grassroots through advanced exploration and he was directly involved in several discoveries, including the famous Cerro Negro Mining District in the Province of Santa Cruz, Argentina and several other high-profile projects throughout the region.

 

Troy Shultz – Vice President Investor Relations

Mr. Shultz has over 15 years of experience in investor relations and communications for various publicly listed companies, primarily in the resource and precious metals industry. Prior to joining Mirasol, Mr. Shultz was responsible for directing and executing the investor relations and communication plans for Pretium Resources as the Brucejack gold mine progressed from advanced exploration through construction to profitable commercial production until it was acquired by Newcrest Mining in March, 2022. Mr. Shultz holds a Bachelor of Arts & Science degree and a Master of Business Administration from the University of Saskatchewan.

What is your rationale for taking part in 121 Mining Investment?

Increase exposure to new potential investors and build market support. Currently advancing our Sobek Copper Project in the well established Vicuna District of Northern Chile. Priority drill targets for this season are within 7km of the Filo del Sol Filo project and 3km from the recent discovery by NGEx at Lunahuasi.

What recent news would you like to highlight to investors attending?

March 2, 2025 – Initial Drill Results Prove Significant Polymetallic Mineralization at Mirasol’s Flagship Sobek Gold-Copper Project in the Vicuña District, Chile

 

Nov 28, 2024 – Mirasol Initiates Drill Program at Flagship Sobek Copper Project in Vicuña District, Chile

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Advance exploration at our Sobek Copper Project in northeast Chile, currently drilling second drill after initial positive results. Drill results expected in mid-May 2025.

 

6 Months:
Launch 2025/2026 exploration program in Sept/Oct 2025. Plan to continue to drill high priority targets at Sobek.

 

12 Months:
Release drill results from our 2025/26 drill campaign and conduct follow-up drill programs on our Sobek Project and open discussions for strategic partnership.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Operating in South America can be a challenge – but with over 20 years of experience operating in Chile and Argentina we are equipped to navigate any changes.

What do you think makes your company such a compelling investment?

One of the strongest portfolios of exploration projects in Chile in Argentina positioned for large-scale, high-grade discovery of copper, gold and silver deposits.

What are the top 3 key investor takeaways?

1. Track record of success – discovery and sale the Joaquin Project in 2012 – $60 million transaction. Funded years of exploration without stock dilution.

2. Unmatched portfolio of copper, gold and silver exploration projects in proven mining districts with high-grade, large-scale potential. Our Sobek Copper Project in Chile is adjacent to Filo Mining’s Filo del Sol Project and NGEx’s recent discovery at Lunahuasi. 

3. 20 years of operating & permitting experience in mining-friendly Chile and Argentina