Mirasol Resources Announces Self-Funding Exploration at Flagship Projects in Chile and Argentina

Mirasol Resources Ltd., a well-funded exploration company, has announced that it is currently self-funding exploration at its flagship Sobek Copper-Gold project in Chile. The company also controls 100% of the high-grade Virginia Silver Deposit in Argentina.

In addition to these developments, Mirasol recently closed the first tranche of its previously announced non-brokered private placement. The company issued 3,887,552 Units at a price of $0.60 per Unit, raising gross proceeds of $2,332,531.20. Three directors and one senior officer of Mirasol participated in the financing, and their subscriptions constituted related party transactions.

The proceeds from the private placement will be used to advance exploration, including drilling, at Mirasol's flagship assets in Chile and Argentina, as well as for general corporate purposes. The company continues to progress a strong pipeline of highly prospective early and mid-stage projects.

Why this matters: Mirasol's self-funding exploration at its key projects in Chile and Argentina demonstrates the company's financial strength and commitment to progressing its assets. The successful private placement further bolsters Mirasol's ability to carry out its exploration plans and potentially unlock significant value for shareholders.

Mirasol's Sobek Copper-Gold project in Chile and the Virginia Silver Deposit in Argentina represent the company's flagship assets. With the proceeds from the recent private placement, Mirasol is well-positioned to continue progressing these projects through exploration and drilling activities. The company's strong pipeline of early and mid-stage projects also holds promise for future growth and discovery potential.

Key Takeaways

• Mirasol Resources is self-funding exploration at its Sobek Copper-Gold project in Chile.
• Mirasol controls 100% of the high-grade Virginia Silver Deposit in Argentina.
• Mirasol closed the first tranche of a private placement, raising $2.3 million.
• Proceeds will fund exploration and drilling at Mirasol's flagship assets in Chile and Argentina.
• Mirasol has a strong pipeline of early and mid-stage projects for future growth.