Mirasol Resources Ltd. announced an increase to the independent Mineral Resource Estimate (the ?Resource?) for its 100% owned Virginia Silver Deposit (?Virginia? or the ?Deposit?) located in the Santa Cruz Province, Argentina. Discovered by Mirasol in 2009, Virginia hosts a high-grade, intermediate sulfidation epithermal style mineralization in a series of prominent outcropping vein-breccias.

The updated Resource builds on the previous amended Resource estimate released on March 29, 2016. The Resource contained within nine outcropping veins of high-grade silver mineralization consists of: An Indicated Resource totaling 11.7 million ounces silver, average grade of 357 g/, An Inferred Resource totaling 7.9 million ounces silver, average grade of 184 g/t, Based on a silver price of $25 per ounce and a 65 g/t silver cut-off grade. The Resource is reported using a new constraining resource pit focused on the Vein/Breccia high-grade component of the mineralization.