Cambridge House Investment Conference January 2015 TSX.V: MRZ Stephen Nano President & CEO
MIRASOL RESOURCES Cautionary Statement This presentation contains certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, plans anticipates, believes, intends, estimates, projects, potential and similar expressions, or that events or conditions will, would, may, could or should occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might 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 differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements 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 or developments 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 these forward-looking statements in the event that management s beliefs, estimates or opinions, or other factors, should change. This presentation may use the term indicated resource. The Company advises investors that although this term is recognized and required by Canadian securities regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects ), the US Securities and Exchange Commission does not recognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories will ever 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 scientific and technical information in this presentation. 2
Mirasol Resources: Project Generator / Precious Metals / South American Focus Successful discovery focused Project Generator discovery to liquidity event 9 properties 2 headline projects Conservative share structure 44.25 million issued shares discovery will deliver value to shareholders Well funded CA$25.6* million exploring without share dilution / 3 4 yrs at current burn rate Strong Board & Management discovery focused High calibre headline project portfolio / 5 drill ready large scale precious metal systems +20 properties 3 headline projects Accelerating JV process to release value to share holders *cash + receivables due 2016 Re-initiated our project generation engine focused on giant copper / gold / silver systems of the Mio-Pliocene arc of Chile / Argentina
Mirasol s New Atacama Puna Generative Program Mirasol s Atacama/Puna Generative Program 950 km of under explored Miocene volcanic arc Mirasol Gorbea Belt & Frontera JV area 1000km Mirasol Atlas / Titan Mirasol Rubi / Fqm JV Choquelimpie Gold Deposit Maricunga Epithermal Porphyry Gold Belt El Indio Epithermal Gold Belt Southern Porphyry Copper Belt Bolivian Silver Tin Belt Alumbrera Agua Rica Porphyry Copper Gold District Gold Silver Copper Copper / Gold Mio-Pliocene Volcanic Arc New concept driven generative program Mirasol s core strength Atacama (Chile) Puna (Argentina) encompasses Mirasol s Gorbea Belt & Frontera JV Targeting giant gold / silver / copper deposits of the Mio-Pliocene & Oligocene arcs Applying leading edge geoscience & high calibre field geology to focus on priority targets Initiated desk top studies in October 2014 Field follow-up of first targets underway Jan 2015 Short term smash & grab open ground targets Longer term framework for company building strategy & to deliver pipeline of new projects
CHILE PROJECTS - Atlas
Mirasol Chilean Gold Silver Copper Projects Rubi JV with First Quantum Minerals Claims 13,659 ha Copper gold porphyry mineralization aggressive phase 1 drilling Gorbea Belt 9 x 100% Mirasol owned projects Headline projects Atlas & Titan High Sulphidation epithermal gold - silver JV offers received Frontera earn-in JV 15 projects Claims totalling approx. +22,000 ha High Sulphidation epithermal gold silver & porphyry copper gold recon. program underway 6
Gorbea Gold Belt: Atlas & Titan Projects, Chile 2 adjacent head line projects / excellent results / good access / workable altitude Atlas Project 100% Mirasol Owned 25 sq km alteration 6 km sq area with multiple prospects No previous drilling El Dorado Project 100% Mirasol Owned 9 x 100% owned projects Additional contiguous claims from Frontera JV Adjacent headline Mirasol projects Atlas & Titan New, large, outcropping gold silver systems Multiple drill targets defined Mirasol 100% owned Properties Frontera JV properties Preferential Exploration right 2 nd Tier Exploration rights Titan Project 100% Mirasol Owned Large gold system Reconn drill intersections Up to 44m @ 1.21 g/t Au Including 10m @ 3.85 g/t Au ASTER Alteration processing 7
Rock Chip Assays by Gold Equivalent Au+Ag/55 By Gold By Silver 0.01/247 0.02/592 0.01/377 0/70.7 0/56.5 0/43.6 Atlas Gold Silver Project Chile New large gold-silver system / high grade rock chip assays & geophysical anomalies / no previous drilling Atlas Gold Zone 50.3/5.2 30.7/42.3 16.8/43.9 Atlas Rock Chips 0.01/14 ATLAS GOLD ZONE Rock Chips up to 50.3 g/t Au Gold in trench channels NEW OCULTO ZONE covered resistive zone. Outcrops of strong quartz-alunite alteration ATLAS SILVER ZONE Rock Chips to 639 g/t Ag Silver in trench channels IP Resistivity 50m Depth Slice Atlas Silver Zone 0.08/639 0.06/492 0.15/415 0.3/0.1 NEW PAMPA ZONE Anomalous Rock Chip to 2.91 g/t Au & 421 g/t Ag Pampa Zone 2.91/1.9 1.32/5.7 1.14/2.1 Pleiades Base Imagery 0.06/421 0.05/386 0.08/248 Pleiades Base Imagery AGZ ASZ 1 to 50.4 0.25 to 1 0.10 to 0.25 0.05 to 0.10 0.01 to 0.05 0 to 0.01 BDL to 0 Areas of Gold/Silver Anomalous Rock Chips IP 50m Depth Slice: Resistivity (Ohm-m) 10 100 500 1000 Labelled Rock Chip Results 5 0. 3 / 5. 2 Gold (g/t) Silver (g/t) Best 3 Rock Chip Samples From beginning of project to June 2014 Gold / Silver (g/t) By Gold 50. 3 / 5.2 30.7 / 42.3 16.8 / 43.9 By Silver 0.01 / 2470 0.08 / 639 0.06 / 592 8
50m IP (ohm meters) Resistivity Depth Slice Atlas Gold Zone Prospect Priority Drill Targets Defined 50m IP Resistivity Depth Slice 7.03/0.37 800 m long zone Anomalous gold in rock chips AGZ prospect surface rock chip samples define an 800 by 500 m area with anomalous gold/silver 55 samples in the range 1-50.3 g/t Au outline multiple NW trending vuggy silica structures. 50.3/5.24 Location Overview: Antofagasta Mirasol Atlas Project Santiago 7.72/28.5 5.05/23.4 16.75/43.9 8.96/44.7 Tenure Overview: Mirasol Atlas Project-7020 Ha AGZ Magnetic Structure 7.46/56.9 Rock Chip Assays by Gold (g/t) 1 to 50.3 0.25 to 1 0.10 to 0.25 0.05 to 0.10 0.01 to 0.05 0 to 0.01 BDL to 0 30.7/42.3 Funnel Shaped Resistive Bodies Feeder Zone/Buried Dome? Labelled Rock Chip Results, greater than 5.0 g/t 5 0. 3 Au / 5. 2 4 Gold (g/t) Trench Collar & Trace 50m IP Resistivity Contour Line Silver (g/t) 1000 500 100 10 AGZ gold structures traverse 1.1 km long trend with highly resistivity bodies New trench channel of vuggy silica structures & breccias, assay: 8.4 m @ 1.85 g/t Au, 11.3 m @ 1.32 g/t Au & 14.9 m @ 1.67 g/t Au Atlas Gold Zone (AGZ) priority drill targets Breccia vuggy silica clasts re-brecciation & leach clasts with late fill of pink alunite, up to 5.07 g/t Au & 7.95 g/t Ag in TR-02 Late stage barite vein common in vuggy silica structures from 3.27-8.85 g/t Au 9
Atlas Silver Zone & Oculto Target Priority Drill Targets Defined Mineralization with breccias & silica sulphide replacement Ignimbrites with flooded pervasive quartz opaline silica & sulfide/sulfosalts in select samples up to 519 g/t Ag Upward flaring phreatic-hydrothermal breccia with selective clast samples up to 542 g/t Ag, North end of trench Polylithic hydrothermal breccia silicification clasts with silver sulphosalts acanthite, assays up to 144.7 g/t Ag Length weighted average channel sampling at end of trench 55.9 m @ 39.9 g/t Ag Oculto target Best individual channels 0.35 m @ 609 g/t Ag 0.2 m @ 542 g/t Ag 0.7 m @ 261 g/t Ag Large scale covered drill targets indicated by geology & geophysics Priority drill targets Atlas Silver Zone & Oculto Zone 10
Summary & Objectives
Mirasol Forward Focus Focus on our core business model Project Generator JV company o Chile focus of our spend / project generation / project exploration o Argentina represents a counter cyclic investment opportunity Re-build our generative pipeline o Chile & Argentina: Concept driven generation & project acquisition o Argentina: Santa Cruz strategic consolidation in key districts / low holding cost Accelerate JV deals on headline projects - release value to our shareholders via discovery Gorbea Belt & Argentine headline projects Slow the burn rate targeting corporate + exploration spend to target window of US$6.1-5.5 million for FY 2015 Improve information flow to our shareholders and the market so they can make informed investment decisions 12
Mirasol Resources: Project Generator / Precious Metals / South American Focus Successful discovery focused Project Generator discovery to liquidity event Conservative share structure 44.25 million issued shares discovery will deliver value to shareholders Well funded CA$25.6* million exploring without share dilution / 3 4 yrs at current burn rate Strong Board & Management discovery focused High calibre headline project portfolio / 5 drill ready large scale precious metal systems Accelerating JV process to release value to share holders Re-initiated our project generation engine focused on giant copper gold silver systems of the Mio-Pliocene arc of Chile / Argentina *cash + receivables due 2016 Cambridge booth 1006
Mirasol Market Information (CA$) January 2015 Trading symbol: Market capitalization: (January 15 th 2015) TSX.V: MRZ $43.8 million Shares issued and outstanding: 44,245,661 Warrants: N/A Stock options: 3,157,800 Fully diluted: 47,403,461 $25.6 million Cash + Receivables (CAD): Cash: $21.5 million Estimated Tax Refund: $1.0 million (Expected 2015) Estimated Tax Refund: $3.1 million (Expected 2016) 14