MRZ.V Mirasol Resources – Silver Exploration Stock In Argentina

by Olivier on December 7, 2009

Mirasol Resources – MRZ.V is one of my ‘new’ public list addition. In fact it has already been introduced to my list by means of the Sector Overview Chart – Argentina and most recently I also included it in my Silver Exploration Junior Mining Sector Overview Chart. The recent volume surge made sure the stock popped up in my scans. It’s that simple. No secrets involved.

That being said there are quite a few stocks and interesting stories related to Argentina and South America popping up during the last few months. The interest in Argentina obviously got sparked with PAAS – Pan American Silver’s acquisition of AQI.TO – Aquiline Resources. Subsequently Ross Beaty by means of Lumina Capital made an investment in BSK.V – Blue Sky Uranium. AEN.TO – Antrim Energy is an oil and natural gas related stock I traded this year. Another stock that has a good chunk of their operations located in Argentina.

MRZ.V – Mirasol Resources recently announced excellent results with high silver grades from their Joaquin property, a joint venture with CDE – Coeur d’Alene Mines.

VANCOUVER, BC, November 24, 2009 – Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) is pleased to announce partial results from the third phase of drilling from the La Negra zone at Mirasol’s Joaquin Project. These results include the highest grade intercept drilled to date at Joaquin comprising 25.4 meters of 1,164 grams per tonne (g/t) silver and 0.21 g/t gold including a very high grade interval of 3.3 metres of 7,753 g/t silver and 1.17 g/t gold. The Joaquin project is located in the province of Santa Cruz, southern Argentina, which is host to four operating precious metal mines.

The stock has recently announced a private placement at 1.25. This should act as a price floor and act as support for the flag that is being built right now. The stock has great potential.

MRZ.V Mirasol Resources

Up-to-date MRZ.V Mirasol Resources Chart on my public list.

From the company’s website

Mirasol Resources Ltd. is a junior resource company focused on the discovery of profitable precious metal deposits in the Americas. Mirasol’s vision is to build shareholder wealth through leading-edge exploration and discovery of high-value precious metal deposits, and to enhance returns through strategic exploration partnerships. Mirasol’s management strengths include more than 40 years of cumulative technical experience with a proven discovery record in Latin America. The company has rapidly built a portfolio of 100%-owned gold-silver prospects in Patagonia, Argentina, and is in the process of expanding its programs into other highly prospective terrains within Latin America. Mirasol launches its exploration activities from its regional office in Mendoza, Argentina.

Have a great evening!

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