Mirasol Resources Ltd. reported that the maiden drill program has been launched at the Vania South prospect on the Inca Copper-Gold Projectin Chile. The Vania South zone is controlled along a major north-northeast regional structural corridor which hosts the Inca del Oro porphyry to the south and the expansive El Salvador mining district to the north. Vania South is located at an important intersection of two important faults, which appear to control the emplacement of this magnetic anomaly.

Inca Gold is a large 16,300-hectare property package located at a relatively low altitude of 2,300m (ASL) in the Paleocene belt of Chile with year-round access and nearby infrastructure. Pursuant to an Agreement between Mirasol and affiliates of Newmont Corporation (?Newmont?), Mirasol has the option to earn-in 100% of Inca Gold, subject to a 1.5% NSR royalty . Mirasol completed a 378-line km Airborne Mobile MT survey (53 sq.km) covering the entire Vania prospect at Inca Gold, including the Vania South and North prospects as well as the recently defined Vania East and SW prospects, with tightly spaced (100m) helicopter flight lines over the principal targets.

The Airborne Mobile MT has high-definition depth penetration to greater than 800m depth below surface and has been proven effective in defining targets in high-sulfidation epithermal (HSE) and porphyry systems elsewhere in may represent hydrothermal alteration overlying and surrounding concealed intrusive centers. Vania South was selected as the priority target because of the coincident geophysical survey and geochemical surface results along with its location at the intersection of two prominent structural trends. As previously reported, the reprocessing and re-interpretation of the original Newmont ground magnetic data resultedin the identification of the Vania South anomaly located 3 km south of Vania Nort .

At the Vania South target a concealed and very strong, discrete magnetic response exists within the southeast corner of the Mag grid, showing smooth magnetic textures surrounding the main anomaly . Vania South displays a very interesting and strong magnetic high response in the analytical signal, and a very compelling target in the magnetic susceptibility processing. Interpretation of the Mag data suggests that this very strong magnetic anomaly may represent a concealed copper porphyry target,with the magnetic source potentially characterizing the potassic-altered core of an intrusive body and the smooth magnetic border representing the envelope of hydrothermal alteration.

The reprocessing and re-interpretation of the original Mag data resulted in the definition of a new previously unknown prospective target at Vania East. In addition, reinterpretation of geochemical survey data outlined a multi-element geochemical soil anomaly at Vania SW. Mirasol has recently completed a detailed Pole-Dipole IP geophysical survey at Vania East, and a detailed ground magnetic survey at Vania SW.

Both Vania SW and East are northeast structural trend. It is important to note that the Vania East target is a mirror image of Vania South and is located along the same structural trend.