Joe Mazumdar, Co-Editor of Exploration Insights, on what makes Mirasol Resources a great prospect generator.
We’re focused in on exploration and the lack of exploration by producers and their need to look for high quality projects. One of the best prospect generators probably the flagship prospect generator in our portfolio is Mirasol Resources. They’ve got a great share structure great team. Steve Nano a great explorationist is running it.
They are in Chile and in Argentina.
And they tend to do very good joint ventures with companies such that if their joint venture partner doesn’t want it they tend to get it back 100 percent.
Mirasol Resources is a premier prospect generator engaged in exploration and discovery in emerging areas in the Americas. Since its inception in 2003, Mirasol has focused its expert technical team and experienced management on the identification and exploration of new, highly prospective regions.
The Company’s property portfolio includes a commanding presence in the prolific Deseado Massif volcanic terrane of Southern Argentina, known for bonanza gold-silver structures and several world class gold-silver mines. Mirasol’s discoveries include the Joaquin bulk-tonnage and Virginia silver vein deposits and the large Claudia gold-silver property. In recent years Mirasol expanded into northern Chile, and has successfully acquired new, 100%-owned properties in an emerging gold belt. In Chile, the Rubi porphyry copper-gold property contains multiple targets in a world-class porphyry district.
Mirasol is well-funded and positioned to execute its discovery-based strategy in coming years. In late 2012, Mirasol sold its ownership in the Joaquin Silver Property, a Mirasol grass roots discovery, to its joint venture partner for US $60 million dollar value in cash and shares.
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