18:44:45 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Mirasol Resources Ltd
Symbol MRZ
Shares Issued 44,155,661
Close 2013-11-21 C$ 0.86
Market Cap C$ 37,973,868
Recent Sedar Documents

Roulston says why to buy Mirasol Resources

2013-11-21 20:03 ET - In the News

Lawrence Roulston, in the Oct. 31, 2013, edition of Resource Opportunities, tells readers why to buy Mirasol Resources Ltd., recently $1.03. This is the first time he has recommended the stock. Mirasol has 10 gold and silver projects in Chile, one of which, Rubi, has been optioned to First Quantum. Rubi is just south of Codelco's El Salvador copper-gold porphyry deposit, which has produced 25 billion pounds of copper and three million ounces of gold. First Quantum can earn up to 75 per cent of Rubi by taking it to production. Mirasol also has several properties in Argentina, where it is looking to arrange sales or joint ventures. Mr. Roulston does not think the company will have any difficulty with that. The Argentine projects are in the Deseado massif area, around AngloGold's Cerro Vanguardia mine, which holds eight million ounces of gold and 117 million ounces of silver. At one of the projects, Virginia-Santa Rita, a former joint venture participant drilled 3.4 metres of 287 grams per tonne silver. Mr. Roulston says Mirasol is trading at little more than the value of its cash and marketable securities. He feels that its high-potential properties and "exceptional geological team" support a higher value.

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