Mirasol Resources Ltd. has reported that drilling has commenced at the Inca Gold project, located in the Region III of Chile.
The company’s 2020 surface exploration program delineated a large intermediate sulfidation epithermal vein field along the Sandra trend, in the southern part of the project, which has the potential to host significant silver, gold, and associated base metal mineralisation. The maiden 1500m drill program is targeting three of the most prospective zones on this trend, testing the targets to depths of between 80 and 200 m vertically below surface exposures. This program is scheduled to be completed in 2Q21, with assay results expected by mid-2021.
Mirasol’s interim President, Tim Heenan, commented: “We are very pleased to be drilling at the Inca Gold project. Over the last year, the exploration team has done a tremendous job to get this program safely underway despite the challenges posed by the pandemic. This is our first self-funded drill program planned for this season, and with the Virginia project, the second concurrent drill program currently operated by Mirasol. We have an additional self-funded program planned for the second quarter at Sascha Marcelina, marking an exciting and aggressive exploration season for Mirasol.”
The 16 300 ha Inca Gold project lies in the Inca Del Oro mining district, 100 km north of Copiapó, at elevations of 2000 to 3000 m above sea level (ASL), and it has good access which allows for year-round exploration.
The three prioritised targets (Lomo Ballena, Veta Escuela and Veta Valle) were selected for drill testing in this maiden program as they display attractive and coincident geological, structural, and geochemical characteristic. They also represent the most deeply eroded parts of the outcropping Sandra mineralised vein system (<2450 m ASL) hosting the highest silver and gold surface grades encountered to date.
Mirasol is currently earning into the Inca Gold project under an option agreement with Newmont Corporation.
Read the article online at: https://www.globalminingreview.com/mining/05032021/mirasol-resources-starts-drilling-at-inca-gold-project-in-chile/