# Mirasol Resources Starts Drilling at Virginia Silver Project in Argentina Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/mirasol-resources-starts-drilling-at-virginia-silver-project-in-argentina--40020bae-1159-43f4-af99-aa3907cff854 Original source: https://money.tmx.com/en/quote/MRZ/news/4628223644784421/mirasol-resources-starts-drilling-at-virginia-silver-project-in-argentina Publisher: tmx Original announcement: 2020-10-29T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Mirasol Resources Ltd. - Ticker: MRZ - Exchange: TSX - Region: Santa Cruz, Argentina - Primary commodity: Silver - Secondary commodities: None reported - Document categories: Drill results, Resource update, Agreement transaction - Extracted: 2026-09-18 11:24:04 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Mirasol Resources has commenced a 2,500m partner-funded diamond drill program at the Virginia silver project in Argentina. The company reported high-grade surface silver assays at the Margarita, Patricia, and Daniela veins, supporting the expansion of the existing NI 43-101 resource. Reasoning: The announcement marks the start of a funded drilling phase at a project with a significant existing silver resource and very high-grade surface indicators. - Positive factor: Commencement of partner-funded drilling program - Positive factor: High-grade surface sampling results \(up to 29,400 g/t Ag\) - Positive factor: Existing NI 43-101 indicated resource - Positive factor: Strategic partnership with Silver Sands Resources Facts used in scoring: 5 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Surface samples returned exceptionally high silver grades, including 29,400 g/t Ag. Evidence · text > a high of 29,400 g/t Ag **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release names a Qualified Person \(Chris Ford\) responsible for the technical information. Evidence · text > reviewed and approved by Chris Ford, CEng FIMMM, a senior consultant for the Company, who serves as a Qualified Person **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The document reports an inferred resource component of 3.1 million ounces. Evidence · text > an inferred resource of 3.1 million ounces grading 207 g/t silver ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/mirasol-resources-starts-drilling-at-virginia-silver-project-in-argentina--40020bae-1159-43f4-af99-aa3907cff854#fact-drill-facts-2) silver #### Identity - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: MRZ #### Geometry - Grade: 29400 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Daniela - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2020-10-29T00:00:00.000Z Reasoning: Exceptional silver grade found in rock chip sampling at Daniela vein. - Positive factor: Extreme high-grade surface sample Evidence · text > a high of 29,400 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/mirasol-resources-starts-drilling-at-virginia-silver-project-in-argentina--40020bae-1159-43f4-af99-aa3907cff854#fact-drill-facts-3) silver #### Identity - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: MRZ #### Geometry - Grade: 18800 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Patricia - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2020-10-29T00:00:00.000Z Reasoning: Exceptional silver grade found in rock chip sampling at Patricia vein. - Positive factor: Extreme high-grade surface sample Evidence · text > a high of 18,800 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/mirasol-resources-starts-drilling-at-virginia-silver-project-in-argentina--40020bae-1159-43f4-af99-aa3907cff854#fact-drill-facts-4) silver #### Identity - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: MRZ #### Geometry - Grade: 1730 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Margarita - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2020-10-29T00:00:00.000Z Reasoning: High-grade silver sample at Margarita vein. - Positive factor: High-grade surface sample Evidence · text > a high of 1,730 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/mirasol-resources-starts-drilling-at-virginia-silver-project-in-argentina--40020bae-1159-43f4-af99-aa3907cff854#fact-resource-facts-0) Virginia · silver Historical result Needs review: historical\_restatement #### Identity - Project: Virginia - Commodity: silver - Region: argentina - Reported Region: Santa Cruz, Argentina - Ticker: MRZ #### Resource scope - Estimate type: resource - Resource group id: resource:3e1e78ce4aeee5137c4d #### Resource Data - Category: indicated - Grade: 310 - Grade Unit: g/t - Contained Metal: 11.9 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2016-02-29T00:00:00.000Z #### Dates - Event date: 2020-10-29T00:00:00.000Z Reasoning: Historical indicated resource reported from a 2016 technical report. - Positive factor: Significant indicated resource scale Evidence · text > hosts a NI 43-101 indicated resource of 11.9 million ounces grading 310 g/t silver #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.7 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/mirasol-resources-starts-drilling-at-virginia-silver-project-in-argentina--40020bae-1159-43f4-af99-aa3907cff854#fact-resource-facts-1) Virginia · silver Historical result Needs review: historical\_restatement #### Identity - Project: Virginia - Commodity: silver - Region: argentina - Reported Region: Santa Cruz, Argentina - Ticker: MRZ #### Resource scope - Estimate type: resource - Resource group id: resource:e08ebdd5c7eb0126b62f #### Resource Data - Category: inferred - Grade: 207 - Grade Unit: g/t - Contained Metal: 3.1 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2016-02-29T00:00:00.000Z #### Dates - Event date: 2020-10-29T00:00:00.000Z Reasoning: Historical inferred resource reported from a 2016 technical report. - Positive factor: Provides resource upside - Negative factor: Speculative category Evidence · text > an inferred resource of 3.1 million ounces grading 207 g/t silver #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.7 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.