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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
PDAC - March, 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 portfolio projects via JV model
Exploration Budgets by Company Type, 2008 – 2017Latin America, US$M 2014-2016: downturn in global exploration spend;
Mirasol countercyclical portfolio building
Exploration budgets by target, 2008-17
12,000
US$M
10,000
8,000
6,000
4,000
2,000
0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2017 Upswing in majors’ exploration spend and commodity prices; Mirasol focus on Business Development to accelerate drilling of projects
Exploration Budgets by Target, 2008 – 2017US$M
8 Deal Ready Project ClustersChile and Argentina
17 early stage pipeline projects
Focus: Chile and Argentina – Gold / Copper / Silver
4
Partner-funded exploration work:
FY 2017/2018
ATACAMA PUNA GENERATIVE REGION
SANTA CRUZ GENERATIVE REGION
Argentina: Claudia – OceanaGold
Argentina: La Curva – OceanaGold
Chile: Gorbea – Yamana Gold
Chile: Altazor – Newcrest Mining CAD $10MDrilling: 9,000m
Gorbea/Curva/Claudia
+Surface
ExplorationAltazor/Zeus
Business Development emphasis to accelerate
new JV Deals
2015
2017
2017
2017
Chile: Zeus – Newcrest Mining 2018
5
Chile Project Portfolio
Deal Ready Projects Commodities
Paleocene Au portfolio Gold
Rubi Copper
Odin Copper
Chile: World-Class Belts /Strong Deals / Gold + Copper + Silver
6
Approximate contained metal reserves & resources
Belt Target
Paleocene High grade Gold - Silver
Eocene-Oligocene Porphyry Copper
Mio-Pliocene Oxide Gold
JV Option Agreements Partner
Gorbea Yamana Gold
Altazor Newcrest Mining
Zeus Newcrest Mining
Taltal
Copiapo
El Penon
El Guanaco
Inca de Oro
Relincho
Argentina
Chile
Antofagasta
100km
Taltal
Antofagasta
ChuquicamataCluster
Copiapo
Potrerillos
Gaby
El Salvador
EscondidaCluster
100km
ArgentinaChile
Salares Norte3.3 Moz Au42.1 Moz Ag
Veladero
Chile
Alturas6.8 Moz Au
La Coipa
Argentina
100km
Gorbea JVYamana Gold
Altazor JVNewcrest Mining
Paleocene Igneous Belt Oligocene Igneous Belt Miocene Igneous Belt
Significant Au Deposit Significant Cu Deposit
Under JV Deal Ready Pipeline
Targeting Giant Gold / Copper deposits
Odin
Rubi
Zeus JVNewcrest Mining
Chile: Joint Ventures Mio-Pliocene Belt
Carried to Production
Feasibility Study + Decision to Mine
US$ 10M Exploration Expenditures US$ 2M cash payments
4 years 3 years
51% 75%
3% NSR Royalty
conversion
Targeting multimillion ounce Oxide Gold discovery
Partner-funded drilling and surface exploration in progress
* Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report 2016.
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
22,900 ha
Gorbea JVYamana Gold
23,000 ha
MRZ Odin Cu Project
MRZ Rubi Cu Project
Salares Norte*3.8 Moz Au,43.8 Moz Ag
Zeus JVNewcrest
Mining
18,500 ha
Participating Interest
Funded Interest PEA$650k cash
US$ 10M Exploration Expenditures$600,000 option payments
5 years 4 years
51% 75% 80%
FS$650k
65%
Gorbea – Yamana Gold JV
Altazor – Newcrest JV
Participating Interest
Funded Interest PEA$500k cash
US$ 9.5M Exploration Expenditures$500,000 option payments
5.5 years 4 years
51% 75% 80%
BFS
65%Zeus – Newcrest JV
+funding
+funding
Chile: Gorbea Belt – Yamana JV Recap Atlas 2017 Drilling Results
8
Drilling at the SHZ target has outlined gold mineralization in an area of 650 m x 125 m x 200 m vertical interval – open outside of current drilling
Third year of Drilling 2,500m program 2017 best results - 1.07 g/t Au over 114 m, including 2.49 g/t Au over 36 m
Chile: Mio-Pliocene Altazor Newcrest JV – Targeting Large HSE Gold
9
Altazor Claims
70 sq kmAlteration
System
Breccia ComplexDeveloped over 10
sq kms
2,500m
New JV with Major Gold Producer
Targeting multi-million ounce gold deposit
Partner-funded US$ 1.5M exploration program in progress
Characteristics Results
Age Dating 7.8 Ma in key age bracket Pascua, Veladero, Salares Norte
Alteration Extensive (70 km sq.) steam heated cap, advanced argillic alteration, silicification and local vuggy quartz
Breccia Multiple breccia complexes (13) developed over 10 km2
Mineralization Significantly anomalous gold, silver, copper, lead, zinc
Alunite
Kaolinite
Illite
Pyrophyllite
ASTER Alteration Mapping
Epidote Chlorite
Chile: Mio-Pliocene New Zeus HSE Gold Project
Artemisa Prospect Diatreme Complex
Apollo ProspectDiatreme Complex
5 kms
Zeus Project Claim Boundary
Zeus 2nd
Floor claims
10
100 km
Escondida
El Peñon
Antofagasta
ArgentinaChile
Taltal
Chañaral
La Coipa
Potrerillos
El Salvador
MRZ Pascuala Project
Salares Norte*3.8 Moz Au,43.8 Moz Ag
Chuquicamata
Altazor JV
Newcrest
Mining
Gorbea JV
Yamana
Gold
MRZ Sobek Project
Filo Del SolJose Maria
Los Helidos
MRZ Zeus Project
Maricunga
Caspiche
New JV with Major Gold Producer
New Project – no drilling
3rd district scale project in the belt
• 40 km ESE of the multimillion ozSalares Norte by Gold Fields
• Large-area Au target in the prospective belt: 18,480 ha of contiguous claims
• Hosts two breccia-hosted gold targets – the Artemisa and Apollo prospects.
• Gold grades from rock chip sampling of up to 1.28 g/t Au
Chile: Zeus – New High-Sulfidation Epithermal Gold Project
11
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
MIRASOL RESOURCES LTDFocused on gold & silver discovery
Santa Cruz Project PortfolioArgentina
Argentina: Large Portfolio / Strong Deals / High Grade Gold + Silver
Building on Discovery Successes in Santa Cruz
1 Amended Technical Report, Virginia Project, Santa Cruz Province, Argentina –Initial Silver Mineral Resource Estimate, March 29, 2016
Santa Cruz
Province
Argentina
Chile
50 km
Gobernador
Gregores
Las Heras
Puerto
Deseado
Fitzroy
Perito
Moreno
San Julian
San JoseHochschild/McEwen Mining
Cerro NegroGoldcorp
JoaquinPan American
VirginiaMirasol Resources
Manantial EspejoPan American Silver
MarthaHunt Mining
Cerro VanguardiaAngloGold/Formicruz
Cerro MoroYamana Gold
Cap-OestePatagonia Gold
COSEPan American
Claudia JVOceanaGold
Bajo
Caracoles
Virginia
Sascha
Homenaje
Nico
Espejo
Libanesa
La Curva JVOceanaGold
JV Option Agreements Partner Hectares
La Curva OceanaGold 36,000
Claudia OceanaGold 106,000
Deal Ready Projects Commodity Hectares
Virginia Silver 74,000
Indicated mineral resource of 11.9 million ounces of silver at 310 g/t and a further inferred 3.1 million ounces of silver at 207 g/t 1.
Sascha Gold + Silver 25,000
Homenaje Silver + Gold 14,000
Nico Silver + Gold 78,000
Libanesa Silver + Gold 18,000
Road
Town
Au/Ag Mine/Resource
Ag Mine/Resource
Jurassic Volcanics
LEGEND
Under Joint Venture
JV/Drill Ready Pipeline
MRZ Properties
Argentina: Mirasol / OceanaGold – New Joint Ventures
14
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%
Two strong deals reflecting the strength of the projects
Combined committed US$3M and 6,000m of Drilling
First Drilling program completed at La Curva: Results released To be followed up on with Phase II drilling
Drilling planned to start at Claudia in March 2018
+fund
Cerro Vanguardia8.9 Moz Gold &~137 Moz Silver(approximate reserves and historic production)
10km
Claudia Project
2.5km
*Gold Equivalent = Gold + Silver / 60
OutcroppingGranite Block
La Curva Project
US$ 1.25M spend, 3000m Drilling, 100k option payment
Claudia US$ 1.75M spend, 3000m Drilling, 100k option payment
Argentina: La Curva – Castora Trend Phase I, 2550 m DDH program
15
Confirmed presence of a largeepithermal gold system
Targeting in progress for Phase IIdrill program for March 2018
Two distinct stages of gold mineralization arerecognized:
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)
1 to 66.8
0.5 to 10.25 to 0.50.1 to 0.25
Rock chip geochemistry Gold Equivalent g/t (Au+(Ag/60))
Jura
ssic
Age
Un
its
Legend
Structure
Interpreted structure
Phase 1 DrillingDrill hole collar and trace
La CurvaProject
CurvaWest
CastoraTrend
3
Hig
hw
ay
SouthWestDrilling: Six holes totalling 907m
Best Drill Intercept: SW-02 26.7m @ 0.83g/t Au & 2.2g/t Ag
Inc. 3.20m @ 2.04g/t Au & 3.6g/t Ag6.20m @ 2.33 g/t Au & 31.1 g/t Ag
Inc. 1.80m @ 6.88 g/t Au & 84.9 g/t Ag
Cerro ChatoDrilling: Seven holes totalling 1,131m
Best Drill Intercept: CC-0119.65m @ 0.72g/t Au & 2.6g/t Ag
Inc. 0.80m @ 6.12g/t Au & 18.6g/t Ag5.75 m @ 1.24 g/t Au & 2.0 g/t AgInc. 0.85m @ 5.99 g/t Au & 5.9 g/t Ag
Loma ArthurDrilling: Five holes totalling 512m
Best Drill Intercept: LA-0413m @ 1.22g/t Au & 0.7g/t Ag
Inc. 7.4m @ 1.81g/t Au & 0.7g/t Ag
Santa
Cruz
Province
Argentina
Chile
Mapped Geology
2500 m
Argentina: Nico Project – New District Scale Target with Bonanza Grade Silver + Gold at Surface
16
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
JV partner search in progress
• 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 Assays1.44 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
17
Attractive drill target for bulk mineable 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
News Flow and Summary
Mirasol Resources Looking Ahead – News Flow
19
Strong news flow from exploration and business development initiatives
• Results from 2,500m drilling program at Atlas – Titan targeting giant HSE gold deposit – In Progress
• Exploration results at Claudia and planned 3,000m of drilling in Q2 2018
• Results from Phase II Drilling at La Curva testing deeper targets in Q2 2018
• Exploration results from the Altazor and Zeus surface program and drill targeting effort
• Aggressive business development strategy for deals on JV ready projects:• Nico Silver - Gold• Rubi Copper• Odin Copper• Virginia Silver
• Exploration results from Mirasol at gold and copper pipeline projects
Positioned to deliver shareholder value creation through discoveries
Mirasol Resources – Corporate Summary
20
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 March 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
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