Resumen

The Virginia project is a low sulphidation epithermal silver project located in the prolific epithermal province of Santa Cruz, approximately 100km south of Cerro Negro Mine. Mirasol discovered the Virginia silver deposit in 2009 following-up a high-priority reconnaissance target identified by its generative team. Mineralization at Virginia consists of high-grade vein/breccia structures most of which outcrop on surface. After drilling at Virginia from 2010 to 2012, Mirasol completed a NI 43-101 Resource Estimate report (amended and filed in 2016) defining seven outcropping bodies of high-grade silver mineralization, constrained [1] within conceptual pits, with an indicated mineral resource of 11.9 million ounces of silver at 310 g/t Ag and a further inferred 3.1 million ounces of silver at 207 g/t Ag. Mirasol Resources later expanded its claims holdings at the project and in 2018 announced that high-grade silver assays were returned from new reconnaissance target areas, suggesting that further exploration may identify new veins and expand the size of the Virginia silver district. During 2020-2022, Mirasol completed 4 phases of exploration programs at Virginia, which encompassed 70 drill holes for a total of 10,250m of drilling, 2,300m of trenching and 190km of IP geophysics. The drill programs confirmed the potential to identify new well-mineralized structures that were not previously included in the NI 43-101 resource and the potential for new mineralization to be defined in the system at the Ely Central, Ely North, Martina NW, Margarita and Julia South targets. Mirasol also completed maiden drilling at the Santa Rita Central and East prospects.