Mirasol Resources Ltd. reported that results from the preliminary drill program at the Company's 100%-owned Sobek Copper-Gold Project ("Sobek") in the Vicuna Copper-Gold-Silver District of Chile were inclusive as the first drill holes did not reach the desired targets. Drilling was suspended with the onset of winter weather in the high Andes. The drill program was initiated late in the season when road construction allowed access for the drill rig.

The initial targets will require follow-up drilling and several other priority targets will also be drill tested when the campaign resumes in fourth quarter of 2023. Sobek was originally staked by Mirasol based on prospective local geology and attractive structural architecture prior to the 2021 discovery of the high-grade feeder zone at the Filo del Sol gold-copper deposit located 7 km to the east and NGEx Minerals discovery at Lunahuasi (formerly Potro Cliffs) 3 km to the east. In the interest of safety, its maiden drill campaign was suspended due to the onset of winter weather before it could adequately test its first targets.

However, these early results have provided some important structural data which will help to refine its drill plans. The first two drill holes at Sobek aimed to test the first of several high-priority targets but results were inclusive as the program was halted before reaching the intended targets. At Sobek Central, drill hole SB-DDH-001 was a structural target, testing for the source of the surface soil grid anomalies over and around the Central Breccia Zone, and also the source of the intensely phyllic altered porphyry clasts hosted within the breccia.

The drill hole was stopped at a depth of 352m when it passed through a structural fault zone hosting strong calcite/gypsum stockworks. Also, at Sobek Central, drill holeSB-DDH-002 targeted the northern cusp of the massive northern-most MT anomaly. Based on the weak to moderate "green rock" peripheral propylitic style of alteration and the lack of consistent mineralization, the target has been refined and the drill collar will now be repositioned to start at a lower elevation to reach the center of the target more efficiently.

3D line-based sections from the Mobile MT data are also currently being analyzed in detail to identify the best zones of this extensive target to be drill test. Construction of the drill access road will resume early in fourth quarter of 2023; To determine the best location and orientation of the first holes to drill the massive anomaly multiple line-based 3D sections of the data have been generated and are currently being analyzed. Sobek North Block surface exploration is also planned over priority targets at the El Potro Zone located approximately 3 km west of NGEx's new Lunahuasi discovery.

This area is scheduled to be drill tested in the early part of the first part of the first quarter-2024. Assay results from rock chip, soil stream sediment, channel, trench, and drill core samples may be higher, lower or similar to results obtained from surface samples due to surficial oxidation, and the drill core samples may be high, lower or similar to results obtain from surface samples due to surf beneficial oxidation.