Mirasol Resources (TSXV:MRZ) is a well-funded exploration company with 18 years of operating, permitting and community relations experience in the mineral rich regions of Chile and Argentina. Mirasol controls 100% of the high-grade Virginia Silver Deposit in Argentina and is currently self-funding exploration at two flagship projects, Sobek and Inca Gold, both located in Chile. Mirasol has three partner-funded projects, with First Quantum Minerals and Mine Discovery Fund in Chile, and Patagonia Gold in Argentina. Mirasol also continues to advance a strong pipeline of highly prospective early and mid-stage projects.
Cash: CAD$6M Debt: NIL
Major shareholders: John Tognetti (Director) – 25% Glenn Poutney (retail shareholder) – 11% Patrick Evans (Director) – 4% Equinox Partners – 3% Management ownership – 32%
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 northern Chile, located just 7km west Filo Del Sol.
What recent news would you like to highlight to investors attending?
March 2, 2023 – Mirasol Advances Flagship Sobek Copper Project in Chile Towards Drilling February 21, 2023 – Mirasol Regains 100% Interest in the High-Grade Virginia Silver Deposit, Argentina December 8, 2022 – Mirasol Defines Additional Drill Targets on the Inca Copper-Gold Project in Chile
What are your key goals in 3 months, 6 months, 12 months?
3 Months: Advance our Sobek & Inca Copper Projects in northeast Chile to drilling. High priority targets already identified with discovery potential
6 Months: Release an updated resource on our High-grade Virginia Silver Deposit in Argentina
12 Months: Conduct follow-up drill programs on our Sobek and Inca Copper Projects. Carry out a resource expansion campaign on our high-grade Virginia Silver Deposit.
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 18 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 Porto Cliffs. 3. 18 years of operating & permitting experience in mining-friendly Chile and Argentina