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Mirasol Resources Ltd.910-850 West Hastings StreetVancouver, BCCanada V6C 1E1(604) 602-9989www.mirasolresources.comTSXV - MRZ
A PREMIER PROJECT GENERATOR
POSITIONED TO DELIVER SHAREHOLDER VALUE CREATION THROUGH DISCOVERY
AGM – April 26 2018
Mirasol Resources Ltd.910-850 West Hastings StreetVancouver, BC, Canada V6C1E1(604) 602-9989www.mirasolresources.comTSXV - MRZ
For further information contact:
Stephen Nano / Jonathan Rosset
Cautionary Statement
This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other thanstatements of historical fact, that address future operations, resource potential, exploration drilling, exploitation activities and events or developmentsthat the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and aregenerally, but not always, identified by the words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similarexpressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Information inferred from the interpretation of drilling resultsand information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of whatmight be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differmaterially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-lookingstatements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic,market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results ordevelopments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs,estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update theseforward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, except as may be required byapplicable law.
This presentation may use the term “indicated resource”. The Company advises investors that although this term is recognized and required by Canadiansecurities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”), however the US Securities and ExchangeCommission does not recognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories willever be converted into reserves.
Stephen Nano, President and CEO for the Company and a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientificand technical information in this presentation.
MIRASOL RESOURCES
3
Macro Supply/ Demand Drivers for the Project Generation Model
• Large portfolio of Gold / Copper / Silver Projects in Chile and Argentina
• Strong demand for quality exploration projects and
Exploration teams
Mirasol is positioned to accelerate drilling on its Gold / Silver / Copper Portfolio
Exploration Budgets by Company Type, 2008 – 2017Latin America, US$M
Exploration budgets by target, 2008-17
12,000
US$M
10,000
8,000
6,000
4,000
2,000
0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2018 Upswing in majors’ exploration budgets and improving commodity prices but few quality exploration projects; Mirasol focus on Business Development to accelerate delivery of new deals and drilling of our project portfolio
Exploration Budgets by Target, 2008 – 2017US$M
10 Deal Ready Project ClustersChile and Argentina
25 early stage pipeline projects
Focus: Chile and Argentina – Gold / Silver / Copper
4
Partner-funded exploration work:
FY 2017/2018
ATACAMA PUNA GENERATIVE REGION
SANTA CRUZ GENERATIVE REGION
Argentina: Claudia – OceanaGold
Argentina: La Curva – OceanaGold
Chile: Altazor – Newcrest MiningCAD $10M
Drilling: 9,000m
Curva/Claudia/Gorbea (pre-termination)
+ SurfaceExploration
Altazor/Zeus
Business Development emphasis to accelerate
new JV Deals
2017
2017
2017
Chile: Zeus – Newcrest Mining 2018
Mirasol Project Portfolio: Extensive Package Au / Ag / Cu
5
Argentina: Santa Cruz Au + Ag
Under JV – Altazor, Zeus, La Curva, Claudia
Deal Ready – Odin, Rubi, Gorbea, Nico, Virginia/Sascha, Homenaje/Espejo, Libanesa, Indra, Amarillos, IDO Gold
Pipeline Projects
Taltal
Copiapo
El Penon
El Guanaco
Inca de Oro
Relincho
ArgentinaChile
Antofagasta
100km
Taltal
Antofagasta
Chuquicamata Cluster
Centinela Cluster
Copiapo
Potrerillos
Gaby
El Salvador
EscondidaCluster
100km
ArgentinaChile
Salares Norte3.7 Moz Au
49.5 Moz Ag
Veladero
Chile
Mirasol Southern Porphyry
Alturas6.8 Moz Au
La Coipa
Argentina
100km
Chile: Paleocene Au+Ag Chile: Mio-Pliocene Au and CuChile: Oligocene Cu
AmarillosOdin
Rubi
Indra
IDOGold
MaricungaBelt
El IndioBelt
La Curva JV
OceanaGold
Claudia JV
OceanaGold
Paleocene Igneous Belt Oligocene Igneous Belt Miocene Igneous Belt
Significant Au Deposit Significant Cu Deposit
Zeus JVNewcrest Mining
Altazor JVNewcrest Mining
Gorbea
6
Projects under Joint Venture
Participating Interest
Chile: Newcrest Agreements HSE Gold projects
7* Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report 2017.
Funded Interest PEA$650k cash
US$ 10M Exploration Expenditures$600,000 option payments
5 years 4 years
51% 75% 80%
FS$650k
65%
+funding
New deals with Major Gold Producer
Targeting multi-million ounce HSE gold deposits
Combined partner-funded US$ 3 M exploration program - in
progress
Mantos Blancos
Chimborazo
Escondida
El Peñon
Taca Taca
Gaby
Antofagasta
Argentina
Chile
Taltal
5
475
23
Chañaral
Socaire
La Coipa
Potrerillos
El Salvador
Inca del Oro
50 km
Nueva Esperanza
Altazor JVNewcrest
Mining
22,860 haMRZ Odin Cu Project
MRZ Rubi Cu Project
Salares Norte*3.7 Moz Au,49.5 Moz Ag
MRZ Gorbea Au Projects
Zeus JVNewcrest
Mining
18,480 ha
Participating Interest
Funded Interest PEA$ 500k cash
US$ 9.5M Exploration Expenditures$500,000 option payments
5.5 years 4 years
51% 75% 80%
FS
65%
+funding
Altazor US$ 1.5M spend over 12 months, 100k option payment
Zeus US$ 1.5M spend over 18 months, 100k option payment
Chile: Altazor Project – Newcrest Agreement Extensive Exploration Program in Progress
8
Targeting multi-million ounce HSE gold deposit
Initial partner funded US$ 1.5M exploration
program in progress
Characteristics• 7.8 Ma in key age bracket Pascua, Veladero,
Salares Norte • Extensive (70km2) steam heated cap, advanced
argillic alteration, silicification and local vuggy quartz• Multiple breccia complexes mapped• Anomalous gold, silver, copper, lead, zinc in
prospective geological setting
Current Program: to the end of May 2018• Detailed mapping and rock chip • Systematic soil sampling geochemistry • CoreScan alteration mapping • Ground Magnetic coverage• 66 line-km of Controlled Source Audio-
Magnetotellurics (CSAMT) geophysics
Altazor Property Boundary
Altazor Core
QuebradaAlunita
La Puerta Purichari
Centinela E
Pirofilita
QuebradaSulfuros
Base Image: ALOS DSM
500 m
Legend
Monzodiorite
Polylithic Breccia
Alluvium Colluvium Pre/syn- altered volcanics (dacitic)
Eplicastic Rock
Dacite (A)Dacite Tuff (F)
Dacite (P)Volcanic Breccia/Tuff
Geology
Altazor Property
Chile: Zeus Project – Newcrest Agreement Extensive Exploration Program in Progress
9
Targeting multi-million ounce HSE gold deposit
Initial partner funded US$750,000 (from US$ 1.5m committed)
exploration program in progress
Characteristics• 40 km ESE of the multimillion oz Salares Norte by Gold Fields• Large-area Au target: 18,480 ha of contiguous claims • Two breccia-hosted gold targets – the Artemisa and Apollo • Gold grades from rock chip sampling of up to 1.28 g/t Au
Current Program: to the end of May 2018• Detailed mapping and rock chip • Systematic soil sampling geochemistry • CoreScan alteration mapping• Ground Magnetics • 32 line-km of Controlled Source Audio-Magnetotellurics
(CSAMT) geophysics5 km
Zeus Project18,480 ha
Zeus 1st Floor claims
ARTEMISA BRECCIA
APOLLO BRECCIA
Chile: Zeus Project – New HSE Gold Target 40 km East of Goldfields Salares Norte Multi-Million Ounce Gold Discovery
10
Zeus Alteration Facies andRock Chip Gold Assays onGrid of Rock Chip Arsenic
Approx. 180m x 150m zone - 38 samples with gold assays in the range 0.1 to 1.276 g/t Au
Post mineral cover
Dacite lava/dome?
Post mineral cover
Up to 1.3 g/t Au, silica-pyrite altered, matrix supported polymictic breccias
Vuggy quartz + jarosite in brecciaup to 0.5 g/t Au
Chile: Zeus Field Program in Progress
11
Argentina: Mirasol / OceanaGold – New Joint Ventures Gold + Silver
12
Participating Interest
Funded Interest PEA
US$ 7M Exploration Expenditures$1.25M option payments
4 years 4 years
51% 70%
La Curva
75%
FS
60%
+fund
Min
e D
ecis
ion
65%
Participating Interest
Funded Interest PEA
US$ 10.5M Exploration Expenditures$1M option payments
4 years 4 years
51% 70% 75%
FS
60%
Min
eD
ecis
ion
65%
Combined committed US$3M and 6,000m of Drilling
First Drilling program completed at La Curva: Results released Phase II Drill planning in Progress
Drilling at Claudia in Progress
+fund
Cerro Vanguardia8.9 Moz Gold &~137 Moz Silver(approximate reserves and historic production)
10km
Claudia Project
2.5km
*Gold Equivalent = Gold + Silver / 60
LA CASTORA TREND
La Curva Project
US$ 1.25M spend, 3000m Drilling, 100k option payment
Claudia US$ 1.75M spend, 3000m Drilling, 100k option payment
CURVA WEST
RIO SECO
CELINE
CURAHUE
Jura
ssic
Age
Un
its
Legend
StructureInterpreted structure
SouthWestDrilling: Six holes
totalling 907m
Loma ArthurDrilling: Five holes
totalling 512m
Mapped GeologyInterpreted stratigraphy
Phase 1 DrillingDrillhole Collars
> 1.0> 0.3> 0.1
AuEq Composites g/t
AuEq = Au + Ag/60
Argentina: La Curva – Castora Trend Phase I, 2550 m DDH program
13
La CurvaProject
CurvaWest
CastoraTrend
3
Hig
hw
ay
Santa Cruz
Province
Argentina
Chile Confirmed presence of a large
epithermal gold system with high grade stage of mineralization
Phase II drill program planning in Progress
• Castora Trend:
Two distinct stages of gold mineralization:
Stage 1: broad zones of lower-grade
47.9 m at 0.48 g/t Au and 2.1 g/t Ag (CC-DDH-01)106.2 m at 0.61 g/t and 2.7 g/t Ag (SW-DDH-02)
Stage 2: overprinting phase of higher-gradeepithermal veins and veinlets
Individual assays up to 0.8 m grading 12.72 g/tAu and 145.4 g/t Ag (SW-DDH-02)
• Curva West:
Surface exploration continues at Curva Westwith rockchip and soil sampling, PXRF analysis todefine drill target
Cerro ChatoDrilling: Seven holes
totalling 1,131m
Argentina: Claudia Drilling 2,200m Program Initiated – April 2018 Curva Additional Drilling Planned for May – June 2018
14
Project Pipeline - Chile
Chile: World-Class Belts /Strong Deals / Gold – Copper – Silver
Approximate contained metal reserves & resources
Taltal
Copiapo
El Penon
El Guanaco
Inca de Oro
Relincho
Argentina
Chile
Antofagasta
100km
Taltal
Antofagasta
Chuquicamata Cluster
Copiapo
Potrerillos
Gaby
El Salvador
EscondidaCluster
100km
ArgentinaChile
Salares Norte3.7 Moz Au49.5 Moz Ag
Veladero
Chile
Alturas6.8 Moz Au
La Coipa
Argentina
100km
Altazor JVNewcrest Mining
Paleocene Igneous Belt Oligocene Igneous Belt Miocene Igneous Belt
Significant Au Deposit Significant Cu Deposit
Under JV Deal Ready Pipeline
Targeting Giant Gold / Copper deposits
Odin
Rubi
• Aggressive HSE, ISE and PCD generative program in Chile-Argentine Tertiary belts since 2014 (2015 -16)
• Exploring for bulk mineable Oxide High SulfidationEpithermal (HSE) in Mio Pliocene Belt since 2010
• Leading edge geoscience driven approach identify /secure / test, new district scale gold targets
• Generative / Exploration / Claims Management teams completive advantage compared to many Junior and Major explorers
• 2 JVs focused on large HSE gold in Chile targets and large pipeline gold projects
Belt Target # Projects # Ha
PaleoceneHigh grade
Gold + Silver 10 41,000
Eocene-Oligocene
Porphyry Copper 4 37,000
Mio-Pliocene
Oxide Gold / Copper - Gold
32 151,000
Zeus JVNewcrest Mining
GorbeaIndra
Amarillos
IDO Gold
16
Chile: Gorbea Belt – Projects Overview
ATLAS
TITAN
EL DORADO
SIRIO
VENTURA
ORIONALTAMIRA
ALDEBARAN
10 km
ASTER Alteration
Alunite
Chlorite
Epidote
Illite
Kaolinite
Pyrophyllite
MRZ GorbeaGold Belt Claims
MRZ GorbeaGold Belt HighLow
Ground MagneticsReduced-to-Pole (RTP) Grid
DANAY
Confirmed presence of a large, deeply oxidized and strongly mineralized HSE gold system – now 100% MRZ owned
Comprehensive review of data and new partner search initiated
Year Three years of Drilling – Best Results and Activity
2016 1.38 g/t Au and 17.9 g/t Ag over 40 m,
including 1.82 g/t Au and 22.0 g/t Ag over 28 m
2017 1.07 g/t Au over 114 m,
including 2.49 g/t Au over 36 m
2018 2,500 m drill program completed – results pending
Large-area Au target in the prospective belt: 23,000 ha of claims in 9 projects with drilling focused on Atlas and Titan Under-explored regional opportunity
Previous partner funded US$ 7.6 million on the properties which includes 11,640 m of drilling – no retained interest
17
18
Chile: Gorbea Belt – Yamana JV Recap Atlas 2017 Drilling Results
Confirmed Presence large fertile gold system at Atlas Project that remains underexplored
The SHZ mineralization is open to depth and laterally in all directions outside the area of current drilling
Drilling at the SHZ target has outlined gold mineralization in an area of 650 m x 125 m x 200 m vertical interval and approximately 265m below drill collar
The intercepts within the five drill holes the define the body to date are:
• CLATRD0007 – 40m @ 1.38g/t Au and 17.9g/t Ag incl. 28m @ 1.82g/t Au and 22.0g/t Ag
• CLATRD0010 – 54m @ 0.35g/t Au and 5.5g/t Ag incl. 10m @ 1.02g/t Au and 6.2g/t Ag
• CLATDH0015 – 114.1m @ 1.07g/t Auincl. 36m @ 2.49 g/t Au
• CLATDH0016 – 45.8m @ 0.32 g/t Au
Phreatomagmatic breccia 2017 Drill hole
VPorphyritic andesite / Lithic crystal dacitic tuff
L
Colluvium
“Yellow” hydrothermal breccia (qtz-jar-alu-bar-Au) high grade
Inferred geological contact
Hydrothermal breccia complex with vuggy silica (qtz-alu±cream silica)
2016 Drill hole
Figure Modified from:
VV
V
L
L
L
L
L
V
V
V
V
V
V
V
LL
L
L
LL
3800
4200
71
93
20
0
71
93
00
0
V
L
?
L
V
V
V
71
92
80
0
CLATRD0007CLATRD0010
“Steam Heated Zone” Prospect
CLATDH0016NW
42m @ 0.15 g/t Au
45.8m @ 0.32 g/t Au
L
L
V
V
V
V
V
V
V
4000
?
V
V
CLATDH0015
SE
* Mirasol has not undertaken independent validation of these results they are presented as provided by Yamana
UntestedTarget
NW block up
114.1m @ 1.07 g/t AuIncluding 36m @ 2.49 g/t Au OPEN System
MIRASOL RESOURCES LTDFocused on gold & silver discovery
Project Pipeline - Argentina
50 km
Gobernador
Gregores
Las Heras
Puerto
Deseado
Fitzroy
Perito
Moreno
San Julian
San JoseHochschild/McEwen Mining
Cerro NegroGoldcorp
MarthaHunt
Mining
Cerro VanguardiaAngloGold/Formicruz
COSEPan American
Claudia JVOceanaGold
Bajo
Caracoles
VirginiaSilver resource
Sascha
Nico
Libanesa
La Curva JVOceanaGold
Manantial EspejoPan American Silver
Joaquin Pan American
TranquiloPatagonia Gold
Homenaje
Don NicolasCiminas
Espejo
Cerro MoroYamana Gold
Argentina: Large Portfolio of High Grade Gold and Silver Projects
20
Santa Cruz
Province
Argentina
Chile
• Package includes 4, 100% Mirasol controlled drill ready projects• Nico district scale with bonanza grade silver + gold
at surface• Virginia outcropping within pit high grade silver
resource• Infrastructure advantage with Mirasol projects within
potential trucking distance to operating mines
7 (8) Operating mines in province
Mirasol leading project portfolio in Santa Cruz
2 Strong JVs with OceanaGold
Target: High grade Low and Intermediate
sulfidation
13 Gold + Silver properties totalling 420,000 ha
11 pipeline projects totalling 275,000 ha
Road
Town
Au/Ag Mine/Resource
Ag Mine/Resource
Jurassic Volcanics
LEGEND
Under Joint Venture
JV/Drill Ready Pipeline
MRZ PropertiesProcessing Plant
20
2500 m
Argentina: Nico Project – New District Scale Target with Bonanza Grade Silver + Gold at Surface
21
1 to 103.13
0.5 to 1
0.25 to 0.50.1 to 0.250.05 to 0.10 to 0.05Below detection
Rock chip geochemistry Gold Equivalent g/t(Au+(Ag/60))
Newly recognized outcropping Silver + Gold district
3 new prospects identified to date
Bonanza grade Gold + Silver rock chips at surface
Mirasol channel sampling in progress - Resolution
• Within trucking distance to nearby mines
Manantial Espejo – Pan American Silver/ Martha – Hunt Mining
• Large, under explored land package: 78,000 ha
• High grade Intermediate Sulfidation Au + Ag Epithermal target
• Multiple prospects with mineralized vein-breccia zones
• Peak grades from rock chip sampling:
Gold: up to 35 g/t; Silver: up to 6,000 g/t
EndeavourBest Drill Intercept
8.25m @ 0.43 g/t Au and 37 g/t AgInc. 1.25m @ 2.17 g/t Au and 197 g/t Ag
New - ResolutionPeak Rock Chip Assays
5.73 g/t Au – 6,181.4 g/t Ag
New - AuroraPeak Rock Chip Assays
35.09 g/t Au – 2,095.9 g/t Ag
Nico Property Boundary
Nic
o P
rop
erty
Bo
un
dar
y
New - Vittoria Peak Rock Chip Assays
1.44 g/t Au - 174 g/t Ag
Gobernador
Gregores
Manantial EspejoPan American Silver
MarthaHunt Mining
COSEPan American Silver
Homenaje
Espejo
Nico
JoaquinPan American Silver
Cap-OestePatagonia Gold
50 km
Argentina: Nico Project – Resolution Prospect Channel Sampling Initiated Late April 2018
22
Attractive drill targets for high grade gold / silver mineralization
• 97 Rock Chip samples assays up to 5.73 g/t Au and 6,181.4 g/t Ag
• Parallel mineralized structures with intervening zones of sheeted and stockwork veinlets
• 1.25 Km long zone, defined by parallel 0.1 to 1.0 m wide veins and intervening stockwork veinlets, that combine to up to 80 m wide zones
250 m
4.00 g/t Au - 800.3 g/t Ag4.79 g/t Au - 833.2 g/t Ag2.20 g/t Au - 475.4 g/t Ag
0.10 g/t Au - 6,181.4 g/t Ag
4.05 g/t Au – 528 g/t Ag5.73 g/t Au – 365 g/t Ag2.04 g/t Au – 308 g/t Ag2.21 g/t Au – 266 g/t Ag
1.01 g/t Au - 59.3 g/t Ag
1.08 g/t Au - 301.5 g/t Ag
0.01 g/t Au - 275 g/t Ag0.01 g/t Au - 229 g/t Ag
0.04 g/t Au - 202 g/t Ag0.02 g/t Au - 86.2 g/t Ag
0.61 g/t Au - 153.0 g/t Ag
0.38 g/t Au - 175.9 g/t Ag
0.47 g/t Au - 152 g/t Ag1.01 g/t Au - 12.4 g/t Ag
0.11 g/t Au - 79.8 g/t Ag
0.77 g/t Au - 40.5 g/t Ag0.98 g/t Au - 35.7 g/t Ag
Resolution Prospect 1.2 km vein trend
New parallel vein trend
Base – Quickbird Satellite Image
Nico Project
Resolution
1 to 103.1
0.5 to 1
0.25 to 0.50.o 0.50.1 to 0.25
Rock chip assays (g/t) Au Equivalent (Au+Ag/60)
Labels4.79 - 6,181.4
Au (g/t) / Ag (g/t)
Vein Trend
4.79 g/t Au and 833.2 g/t Ag
In Summary
Mirasol Resources – Accomplishments since last AGM
Partner funded exploration:
• Three new Option to JV deals (Claudia, Altazor, Zeus) this FY where Mirasol is operator
• Maiden surface exploration programs underway at Altazor and Zeus
• Maiden drill program at La Curva to be followed up with a second program this field season
• Actively drilling again at Claudia
• Drilled a body of mineralization at Gorbea that warrants further drill testing
~CA$ 10,000,000 of partner funded exploration on our properties over the financial year
Approximately CA$ 1.1 million in option payments and management fees over the financial year
Mirasol funded generative work:
• Successfully defined new high quality targets on our property pipeline (Nico, Odin, Rubi, Zeus)
• Increased our land holding in the Mio Pliocene, becoming a leading Project Generator in the Belt
Strengthened our portfolio of drill ready properties
Strong Business Development focus to deliver new deals and drill testing
Evaluating other strategies to accelerate drill testing of our Portfolio 24
Mirasol Resources Looking Ahead – Potential News Flow
25
• Exploration Results from Nico Resolution channel sampling
• Exploration results from the Zeus USD 750,000 program
• Exploration results from the Altazor USD1.5 Million program
• Results from drilling program at Atlas – Titan and plans with projects post JV termination
• Results at Claudia 2,200 m of drilling
• Results from Phase II Drilling at La Curva testing deeper targets
• Aggressive business development strategy for deals on JV ready projects
• Exploration results from Mirasol at gold and copper pipeline projects
Strong news flow from exploration and business development initiatives
Positioned to maximize value creation for Shareholders via Discovery
Mirasol Resources – Corporate Summary
26
Cap
ital
Str
uct
ure
Port
folio
Skill
s• Well funded C$ 20 M cash (Dec 31, 2017)
• Conservative capital structure • 49 M shares outstanding• 3 M Stock options outstanding• Market capitalization April 2018 approx. CA$ 100M
Aligned interest with +30% insider position
• Leading-edge technology and discovery team
• Multiple Active JVs – strong partners, strong projects, strong deals
• Large portfolio of drill-ready projects
• Pipeline of early stage projects in Chilean / Argentine world-class mineral belts
Please visit our website and register to follow the Mirasol story
www.mirasolresources.com
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