New Porphyry Targets El Potro Prospect And Extends VN-Zone

VANCOUVER - Mirasol Resources Ltd. reported on progress made from this seasons exploration activities and the emergence of new and highly-prospective target areas at both the VN-Zone at Sobek Central as well as the El Potro Zone at Sobek North, both within the flagship Sobek Copper-Gold Project in the Vicuña Copper-Gold-Silver District of northeast Chile. The VN-Zone is a high-priority porphyry target situated in the southern portion of the Sobek Central block which appears to represent the northern most expression of a much larger hydrothermal porphyry system that extends for more than 3 kilometers to the south. Exploration this season has significantly increased the alteration and mineralization footprint of the VN-Zone to the south across the previously consolidated SQM property (Rosita) and onto recently staked Mirasol claim blocks (Sobek 46 South).

At the El Potro prospect, located in the southeastern corner of the Sobek North block, a new magnetic high target (“Potro SE”) was identified from the original airborne-mag survey and the new target appears to be at a shallower depth than the previous resistivity target identified at EL Potro. Recent follow-up exploration has returned results as high as 1.8% copper and 87 ppm molybdenum from select grab samples directly overlying the magnetic anomaly at Potro SE. A systematic soil grid survey across the target also returned a coincident copper soil anomaly.

“The high-priority targets at Sobek continue to evolve as exploration advances. The potential expansion of the VN-Zone into a hydrothermal porphyry system with a much larger and stronger alteration footprint is a game-changer. The VN-Zone is now demonstrating significant size potential and is located 7km directly west of the Filo Del Sol Project on a similar parallel regional structure,” President and CEO Tim Heenan stated. “Significant advancements were made this season, including the definition of new high-priority drill targets, despite the difficult conditions due to unseasonable weather in the high Andes and an abnormally early snow fall that has forced a shortened exploration season. I am also very excited about the potential of the new copper porphyry target at the El Potro Zone. Potro SE is a shallow cylindrical shaped magnetic response in a similar geological setting as reported by NGEx at the Lunahuasi discovery just 3 kilometers to the east. Once the weather allows a final IP survey will be conducted over Potro SE to refine drill targeting. This is expected to be the first priority for drilling at the start of the spring drill campaign in the fourth quarter of 2024.”