Mirasol Completes the Sale of the Sascha-Marcelina Projects in Argentina for US$1.5 Million Plus Royalty
Mirasol Resources Ltd. (TSX-V: MRZ) (OTC: MRZLF) is pleased to report it has completed the sale of Mirasol`s 100% owned Sascha Project located in Santa Cruz province, Argentina to Andara Mining Pty Ltd, a subsidiary of Pursuit Minerals Ltd. (ASX: PUR).
Pursuit Minerals acquires the Sascha-Marcelina Projects for a total consideration of ~US$1.5 million
Mirasol retains a 1.5% NSR royalty. Following the commencement of commercial production, Pursuit Minerals may buy back the first 0.75% within two years for US$1.5 million, and the remaining 0.75% within three years for an additional US$4 million
Repayment of CAD$2M towards outstanding shareholder loan
The Company announced the sale on September 30, 2025. In connection to the sale, Mirasol has also assigned its Option to Purchase Agreement on the Marcelina Project to Andara Mining. Under the Option to Purchase Agreement, Mirasol has the right to acquire an undivided 100% interest in three mineral concessions comprising the Marcelina Project. Sascha and Marcelina are together referred to as the Sascha-Marcelina Projects.
“The US$1.5 million payment immediately strengthens our financial position as we advance our exploration programs while the retained royalty ensures we remain positioned to benefit from future success at Sascha-Marcelina,” Mirasol’s President Tim Heenan stated. “The sale of our Sascha-Marcelina Projects reflects our strategy to monetize our underappreciated non-core assets in our portfolio of projects in Argentina and Chile.”
Repayment of Shareholder Loan
Today the Company also announced that the proceeds from the sale of Sascha-Marcelina were applied to a repayment of CAD$2M towards the outstanding shareholder loan previously announced (news release March 14, 2025 and June 16, 2025).
About Mirasol Resources Ltd
Mirasol is a well-funded exploration company with over 20 years of operating, permitting and community relations experience in the mineral rich regions of Chile and Argentina. Mirasol is currently self-funding exploration at the flagship Sobek Copper-Gold Project located in the Vicuña Copper-Gold-Silver District of northeast Chile while continuing to advance a strong pipeline of highly prospective early and mid-stage projects.
