Mirasol and Enami have negotiated exploration concessions close to El Salvador

Mirasol Resources (TSXV: MRZ; OTCPK: MRZLF) has negotiated an option agreement with the National Mining Company (Enami in Spanish), to consolidate its property around the Los Amarillos gold and silver project, located northwest of the El Salvador mine.

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Mirasol Resources (TSXV: MRZ; OTCPK: MRZLF) has negotiated an option agreement with the National Mining Company (Enami in Spanish), to consolidate its property around the Los Amarillos gold and silver project, located northwest of the El Salvador mine. 

If it meets the conditions in the option contract, Mirasol could purchase 288 hectares of mining concessions from Enami by paying it US$ 100,000, investing US$ 300,000 in exploration programs over three years, and a subsequent royalty of 1.5%.

If the concession purchase from Enami goes ahead, Los Amarillos would occupy 1,660 hectares where there have been numerous artisanal mines.

The company has already detected high-grade gold and silver in rock samples extracted from the project, so it will now focus on a detailed exploration of the surface to define its drilling targets.

“Given the project location near existing infrastructure, its year-round access and initial results, it represents a compelling project for Mirasol to initially move forward on a self-funded basis,” CEO Norm Pitcher stated. 

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