Mirasol Resources Ltd. announced the discovery of a new high-sulphidation gold system on the Titan project, which is at one of its recently staked, 100%-owned properties in the Miocene belt of northern Chile. A mechanical trenching program has outlined a 700 by 660 meter zone of anomalous gold which hosts length-wise weighted-average trench channel results of up to 194 meter at 0.41 gram per tonne (g/t) gold, and higher-grade intervals including 31 meters at 1.36 g/t gold and 10 meters at 2.13 g/t gold, within which are higher-grade intervals of up to 1 meter at 17.0 g/t gold. The gold anomalous zone is believed to remain open in all directions under shallow, post-mineral cover.

Titan's alteration signature has characteristics which suggest the current outcrop level may be near the top of a mineralized, gold-bearing high sulfidation epithermal (HSE) system. The Titan project is a new gold system discovered by Mirasol Resources while following-up high priority alteration targets in a key structural zone located in the Miocene Arc some distance north of the world class Maricunga gold belt in Chile. The Maricunga belt contains a series of multi-million ounce, Miocene-age porphyry gold and high-sulphidation epithermal gold mines.

Mirasol believes there exists good potential to discover additional large, gold deposits in the underexplored extensions of this belt. In many respects, the Titan project has good infrastructure with regularly maintained gravel roads passing within 5 kilometers of the target zone, at workable altitudes which allow access to the project during most of the year. Initial reconnaissance samples from Mirasol's Titan project returned assays up to 1.60 g/t gold from outcrops and small hand-dug pits.

Mirasol recently completed a 3,285 meter mechanical trenching program which defined the large, coherent surface gold anomaly at Titan in excess of 700 meters by 660 metres in dimension. Uncut assays from the trenches define multiple intervals in-excess of 100 metres in length of anomalous gold mineralization, with the best interval being 194 meters at 0.41 g/t gold. Applying a 0.1 g/t gold cut-off to these results, returned better intervals of 132 meters at 0.55 g/t gold, 80 meters at 0.56 g/t gold, 24 meters at 0.95 g/t gold and 10 meters at 2.93 g/t gold.