On May 28, 2017, Mirasol Resources Ltd. (TSXV: MRZ) (Frankfurt: M8R) and one of its 100% owned Argentine subsidiaries signed a definitive exploration and option agreement with OceanaGold Corporation (“OGC”) to explore Mirasol’s 100% owned, La Curva gold project, located in Santa Cruz Province, Argentina.
OGC is a mid-tier, high-margin international gold producer with operations in New Zealand and the Philippines, and has recently commissioned the multimillion ounce Halie gold mine in the United States. The La Curva agreement grants OGC the option to acquire, in five stages, up to a 75% interest in the project and requires OGC to make a first year commitment of US$1.25 million in exploration expenditures, complete 3,000 metres of drilling, and make a US$100,000 option payment to Mirasol on signing.
Mirasol is a mineral exploration and project generation company focused on the discovery of gold, silver and copper prospects in the Americas.
Greg Smith of Miller Thomson advised Mirasol on the negotiation of this agreement.