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irasol Resources has signed an option agreement with subsidiaries of Newmont Goldcorp to acquire the Inca Gold Project in Northern Chile. The agreement gives Mirasol the opportunity to add to its portfolio a district-scale and underexplored, intermediate sulfidation epithermal project in the prolific Paleocene belt of Chile. The project hosts multiple attractive targets that have never been drill tested, and it fits well with the company’s strategy to fund drilling on high quality prospects with favourable infrastructure. “We are pleased to add the Inca Gold Project to our portfolio and to work toward delivering a second Mirasolfunded exploration and drilling program in Chile,” said Norm Pitcher, president and CEO of Mirasol. “This is an attractive transaction allowing Mirasol to acquire Inca Gold by exploring and drilling the property. If our exploration demonstrates the potential for a Newmont size target, the agreement will allow them to earn back 70% of the project by reimbursing our costs and investing in significant additional exploration expenditures.” The Inca Gold project is located in Region III of Chile, approximately 10 miles east of the town of Inca de Oro, with good access for year-round exploration activities. Newmont’s exploration work to date has been limited to surface and prospecting activities, which have identified five target areas, none of which have been drill tested. The two main targets identified are the Sandra and Vania prospects. The other three prospects areas (Rincon, Guerda, Inca North) are secondary priorities at this time.
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Mirasol to acquire Inca Gold Project in Northern Chile
“The project hosts multiple attractive targets that have never been drill tested”
MAXAM awarded blasting contract in Chile MAXAM, a leading global technology company in blasting solutions for mining and infrastructure, has been selected by Minera Lomas Bayas, operated by Glencore in Chile, as its blasting solutions provider. The company will supply its high-energy bulk explosive, RIOFLEX, along with other solutions. This contract continues the expansion of MAXAM’s operations and global presence. The company currently has more than 80 industrial facilities, subsidiaries in more than 50 countries on five continents and 6,500 employees worldwide. It is the
second largest operator of blasting solutions for mining, quarries and infrastructure in terms of international presence. “We are delighted to collaborate with Minera Lomas Bayas and offer our innovative solutions in the operation,” said Diego Rodríguez, regional director of MAXAM in Latin America. “At every operation, our clients always highlight our closeness and experience, contributing to improve their efficiency and productivity, something that we will undoubtedly also deliver in Lomas Bayas.”
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