Latest news with #Mirasol
GMA Network
16-07-2025
- Business
- GMA Network
DOLE reminds employers: Implement P50 wage hike in NCR
The Department of Labor and Employment (DOLE) on Wednesday reminded employers in the National Capital Region (NCR) of the effectivity of the P50 wage hike in the daily minimum wage. DOLE-NCR Regional Director Sarah Buena Mirasol said the new wage hike will be deemed effective starting Friday, July 18, 2025. 'Effective ang bagong minimum wage sa July 18. Dapat ang ating mga employers ay mag-adjust na at makatanggap na rin by July 18 ang ating minimum wage earners,' Mirasol told Balitanghali. (The new minimum wage will be effective starting July 18. The employers should start adjusting then and provide the new daily minimum wage.) Last month, the NCR Regional Tripartite Wages and Productivity Board granted a P50 wage hike in the region, bringing the daily minimum wage rate from P645 to P695 for the non-agriculture sector, and from P608 to P658 for the agriculture sector, service and retail establishments employing 15 or less workers, and manufacturing establishments regularly employing less than ten workers. Under the new rate, non-agriculture workers will have a monthly take-home pay of about P15,247 to P18,216 for a five-day and six-day workweek, respectively, inclusive of mandatory social welfare benefits such as 13th month pay, service incentive leave, SSS, PhilHealth and Pag-IBIG. Meanwhile, Mirasol said establishments affected by calamities or those involved in retail and services employing ten workers are exempted from the wage hike. 'Kapag hindi nag-comply ang ating employers, puwedeng dumulog sa DOLE-NCR o field offices…Online, puwede rin mag-request for assistance,' she added. (Should employers fail to comply, the employees may seek assistance from the DOLE head office and field offices. They may also request for assistance online.) —KG, GMA Integrated News
The Sun
18-06-2025
- Entertainment
- The Sun
Shoppers go wild for new must-have TK Maxx ‘Ibiza bags' as they say their cards are at the ready
WHETHER you're off on holiday or have a summer wedding coming up, there's always an excuse to buy a new bag. And it seems TK Maxx is the place to go as fashion fans are drooling over their delicate beaded bags. 4 4 4 Recently, the discount store took to social media announcing they had a new collection of the bags available to buy in stores across the UK. These beaded numbers have since been dubbed the ' Ibiza bag' on social media by fashion fans. The term has been coined as the micro bags are the perfect luxury accessory to dress up any outfit, whether you're out clubbing or at a beach club. And there's plenty to pick from in TK Maxx, which shared the new designs online. Many are from the brand Mirasol, which is stocked in the shops and is handcrafted in India. The first bag they showed was a tiny red bag decorated in sequins, beads and tassels. Also on offer was a white floral beaded bucket-bag style as well as a more party-friendly red sequin bag. They also had two new green beaded bags on offer, as well as a slightly large pink woven bag with silver sequins. "They're back! Don't miss THE perfect summer bag," wrote TK Maxx. The bags vary in price but many of the cheaper options start at just £19.99 Primark is selling the perfect beach bag for your summer holiday - it's lightweight, waterproof and shoppers can't get enough of the sparkles As with all TK Maxx finds, the availability of designs will differ from store to store, so you'll want to head out soon if there's a particular one you are after. The clip shared on the TK Maxx TikTok account went viral with over 2 million views. Comments on social media featuring the bags from TK Maxx prove just how popular they have become. One person wrote: "Take my card." Hottest fashion trends of 2025 Fabulous' Fashion Editor Clemmie Fieldsend shares the biggest trends from the high street. The East/West Bag Baguette bags have had a good run, after returning from the 1990s' shoulders of Sarah Jessica Parker to modern-day fashion icons, like Hailey Bieber. In 2025, the East/West bag is a similar but elongated shape and has long, thin straps that are easy to throw over your shoulder. They've been on runway models' arms at nearly ever designer show - think Burberry, Givenchy and Bottega Veneta - and are hitting the high street now, too. Powder pink Bright fuchsia pink had its day after the release of Barbie in 2023 and now the more polished and expensive-looking pale shade is taking over for 2025. Pantone may say that it's the year of Mocha Mousse, but the catwalks say otherwise! From Prada to Erdem, the subtle look was all over the spring/summer catwalks, worn head-to-toe or on its own. If the sugary shade is too girly for you, then look to sharp suiting for a androgynous take on the colour. The shell jacket The '80s classic is back, but with a sleek and minimal new twist for 2025. We all know we're likely to see rain for most of spring, so your practical coat of choice should be a cagoule jacket. Depop revealed one of its big trend predictions for this year is retro sportswear, with surges already seen in '80s windbreakers'. Seen everywhere from the stylish streets of Copenhagen to the Miu Miu catwalk, now mums who have an emergency raincoat crumpled underneath their pushchair are very much in fashion! The turn-up jeans While the shape of jeans remains the same for this year and barrel-legs will still be everywhere, the way we're styling them is different. This season, transform your wide-leg, baggy denims into turn-ups. For this look, size doesn't matter, so while deep turn-ups are a hit from jean trend-leaders Citizens of Humanity, a slight fold is still just as good - but only as it's just one single fold. Peep-toe shoe Get your pedicures booked in sharpish, as this season your toes are the main event. After a long hiatus, the peep-toe has been welcomed back into the fashion fold, with brands like Hermes, Miu Miu and Tory Burch showing plain and embellished footwear in this style. From mules to pumps and clogs (yes, clogs will be around too!), there are lots of different styles that are set to sweep the high street. Sheer blouses See-through looks have always lived on the catwalk, but have rarely filtered into everyday life - until now. Designers Ralph Lauren and Tom Ford loved sheer looks on their S/S '25 catwalks and M&S even had sellout success with its black sheer pencil skirt last season. Expect to see more sheer looks lining supermarket aisles and high street shops in the form of skirts, tops and frocks. Another commented: 'They are stunning." "Just got mine - they're stunning!" penned a third. Meanwhile a fourth said: "I'm RUNNING." "Unreal,' claimed a fifth. Someone else added: 'I need."
Yahoo
16-06-2025
- Business
- Yahoo
Second Drill Hole at Potro SE Extends Polymetallic Mineralization at Mirasol's Flagship Sobek Gold-Silver-Copper Project in the Vicuña District, Chile
VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) -- Mirasol Resources Ltd. (TSX-V: MRZ) (OTC: MRZLF) (the 'Company' or 'Mirasol') is pleased to announce that results from the second drill hole at the Potro SE target extends the structurally controlled mineralized hydrothermal breccia system with gold, silver, zinc and lead and indications of copper on the Company's 100%-owned Sobek Copper-Gold Project ('Sobek' or 'the Project') in the Vicuña District of Chile. Located at the southeast corner of the Sobek North property block, the Potro SE target is strategically situated just 3km southwest of NGEx's Lunahuasi discovery in an area that had not previously been drill tested. Building on the success of the first hole at Potro SE, the second drill hole was positioned 200m northeast along the fault structure to test the strongest response of the cylindrical 3D magnetic anomaly and penetrate deeper into the IP PDP chargeability responses (news release dated Mar 2, 2025). 'These results from the second drill hole demonstrate the continuity of mineralization. Both drill holes confirm the presence of a structurally focused, well mineralized, intermediate sulfidation system, potentially related to a deeper porphyry center,' Mirasol's President and CEO Tim Heenan stated. 'The mineralized breccias are interpreted to be structurally controlled by the Ventana Fault System, which is also associated with the high-grade porphyry and breccia discoveries at Lunahuasi by NGEx Minerals, about 3km to the northeast. Follow-up drilling will focus on testing the high magnetic anomaly southwest of first drill hole where the Ventana Fault intersects a secondary structure.' Figure 1: Vicuña District - Sobek Property package including the Potro SE Target Highlights from the Second Drill Hole (PSE-DDH-002) Testing the Sobek North Potro SE Target: 0.90m (800.30–801.20 m) with 15.02 g/t gold equivalent 90 ('gold Eq') (0.24 g/t gold and 1,330 g/t silver) and 0.68% zinc and 0.58% lead. 17.65m (825.35 – 843.00m) with 0.22 g/t gold Eq (0.11 g/t gold, 10.30 g/t silver) and 0.48% zinc and 0.19% lead, including: 3.59m (835.95 to 839.54m) with 0.54 g/t gold Eq (0.33 g/t gold, 19.18 g/t silver) and 1.97% zinc and 0.31% lead. The mineralized breccia's encountered in the second drill hole were similar to those observed in the first drill hole, with second drill hole exhibiting slightly higher grades over somewhat narrower widths. The second drill hole was completed to a final depth of 918, approximately 80m deeper than the first hole. These results highlight the presence of a strongly mineralized system, with elevated gold, silver, zinc and lead values and background copper. Table 1: Sobek North - Potro SE - Select Calculated Geochemical Intercepts from Second Drill Hole Notes: Reported interval length are down hole widths and not true widths All assay intervals represent length weighted averages Some figures may not sum exactly due to rounding Gold equivalent 90 (gold EQ) calculation using a ratio Gold Eq90 = gold g/t + (silver g/t /90). Lead/zinc are not included in the gold Eq calculations. The second drill hole intersected a broad interval of hydrothermal breccia between 825.35 and 843.00m, returning 17.65m with 0.22 g/t gold Eq (0.11 g/t gold, 10.3 g/t silver, 0.48% zinc and 0.19% lead; calculated without cutoff). This polymictic hydrothermal breccia body is cemented by a manganese-calcite-quartz matrix and hosts clasts of porphyritic volcanic rocks showing strong pervasive quartz–sericite (phyllic) alteration assemblages. The breccia matrix hosts aggregates of sphalerite, coarse galena, pyrite, and minor chalcopyrite. A narrower, higher-grade subinterval from 835.95 to 839.54m returned 3.59m with 0.54 g/t gold Eq (0.33 g/t gold, 19.18 g/t silver, 0.31% lead and 1.97% zinc), interpreted as a more focused mineralized pulse. In addition, a separate zone of mineralized veinlets located from 800.00 to 800.90m yielded 0.9m with 15.02 g/t gold Eq (0.24 g/t gold and 1,330 g/t silver, 0.68% zinc and 0.58% lead), further confirming the presence of discrete zones of precious metal enrichment within the fault corridor. This supports the interpretation of a much broader hydrothermal system potentially encompassing the entire structural envelope. Figure 2: Sobek North Potro SE Target - Sobek North - Potro SE Second Drill Hole Results The hydrothermal breccia intercepted in both the first and second drill hole coincides with a discrete chargeability anomaly outlined by the 3D-IP model, with breccia-hosted mineralization appearing where the drill holes intersect the 10-15 mV/V IP-Chargeability isosurfaces. This chargeable body extends to depth and remains open along strike, reinforcing the potential for additional mineralized breccia or related intrusive phases deeper within and along the Ventana Fault corridor. The presence of pyrophyllite in the first drill hole, together with dominant illite-smectite assemblages observed in both holes suggests the circulation of acidic hydrothermal fluids and the potential for structurally controlled zones of advanced argillic alteration at depth. Table 2: Sobek North - Potro SE - Individual Mineralized Drill Hole Intervals Follow-up Drilling to Test the South Extension of Potro SE Mineralization Along the Ventana Fault Future drill campaigns at Potro SE will focus to the south-southwest of the first drill hole, where geological vectors point to stronger mineralization along the fertile fault structure. Testing the inferred intersection of the north-northeast trending Ventana Fault and a secondary NW-trending structure (Maranceles Fault), coincident with a high magnetic anomaly outlined by the analytical signal (ASVI). This southern extension (south-southwest) of the fault is now the high-priority target to test for better-developed mineralization hosted in hydrothermal breccias or potential porphyry source at depth. The holes at Potro SE intersected mineralization at a topographic elevation (asl) of approximately 4,600–4,650m, potentially representing the uppermost or peripheral regions of what may be a much larger and stronger mineralized system. When compared to NGEx's Lunahuasi, approximately 3km to the northeast of our current drilling, the porphyry intercepts were at deeper depths of approx. 3,850 m topographic elevation (asl). Drilling potential porphyry targets will require somewhat deeper holes, it will be key to penetrate below the 4,500m topographic elevation. It has become the norm in Andean Copper porphyry exploration to have deep holes ranging from 1000-2000m depth. High-Profile Vicuña Copper-Gold-Silver District Mirasol staked the Sobek Project in 2016 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 and the 2023 discovery of Lunahuasi. The continually expanded and consolidated Sobek Project is located on the same regional N-S trending structural corridor and just 3km to the west of the Filo del Sol deposit and 3km to the southwest of NGEx Mineral's discovery at Lunahuasi. Sobek is located within a prospective geological environment with a compelling north-northeast trending mineralized structural corridor crosscut by a north-northwest trending deep-seated trans-cordilleran lineament. This is a common structural configuration hosting numerous Andean metal deposits in both Chile and Argentina. Option Agreement on the Inca Copper-Gold Project in Chile Terminated Mirasol today also announces the option agreement on the Inca Copper-Gold Project in Chile ('Inca') with affiliates of Newmont Corporation ('Newmont') has been terminated by Mirasol. Mirasol had the option to earn-in 100% of Inca Gold, subject to a 1.5% NSR royalty (news release January 13, 2020). Mirasol has complied with all of the stipulated exploration and expenditure obligations to terminate the agreement without penalty. Shareholder Loan Increase The Company today announced an increase to $3,000,000 of the loan (the 'Loan') from Mr. John Tognetti, a director and control person of Mirasol. The Company initially announced a loan of $2,000,000 (news release March 14, 2025). The Company drew down $1,000,000 of the Loan on March 19, 2025, and an additional $1,000,000 on May 1, 2025. The Loan bears interest at the rate of 10% per annum with each advance under the Loan payable at the end of one year, can be repaid at any time without penalty and is secured by a General Security Agreement. Mirasol expects to use the increased Loan proceeds primarily to pay its arm's length creditors and for general working capital. In connection with the increase to the Loan, the Company will issue 250,000 common shares for an aggregate of 750,000 common shares (the 'Bonus Shares') to Mr. Tognetti. The aggregate value of the Bonus Shares equals approximately 10% of the principal amount of the increased Loan. Due to Mr. Tognetti's relationship with Mirasol, the Loan transaction (including issuance of Bonus Shares) is deemed to be a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101'). The Loan transaction is exempt from the requirement for a formal valuation and minority approval in accordance with, respectively, sections 5.5(b) and 5.7(a) of MI 61-101, as Mirasol is listed on the TSX Venture Exchange and the fair market value of the Loan transaction does not exceed 25% of Mirasol's market capitalization. There is less than 21 days between the date of the Loan and the filing date of the related material change report due to Mirasol's need for the Loan proceeds to pay creditors. The Bonus Shares will be subject to a four month hold period commencing from the date of issuance thereof. The increased Loan and Bonus Shares are subject to acceptance by the TSX Venture Exchange. About Mirasol Resources Ltd Mirasol is a well-funded exploration company with 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 and controls 100% of the high-grade Virginia Silver Deposit in the province of Santa Cruz, Argentina. Mirasol also continues to advance a strong pipeline of highly prospective early and mid-stage projects. For further information, contact: Tim Heenan, President & CEOorTroy Shultz, Vice President Investor Relations Tel: +1 (604) 602-9989Email: contact@ Qualified Person Statement: Mirasol's disclosure of technical and scientific information in this press release has been reviewed and approved by Tim Heenan (MAIG), the President for the Company, who serves as a Qualified Person under the definition of National Instrument 43-101. QAQC: Mirasol applies industry standard exploration sampling methodologies and techniques. All geochemical rock chip, soil, and stream sediment samples are collected under the supervision of the company's geologists in accordance with industry practice. Geochemical assays are obtained and reported under a quality assurance and quality control (QA/QC) program with insertions of controls (standards, blanks and duplicates) submitted to the laboratory. Samples were dispatched to ALS Global - Geochemistry Analytical Lab, in Santiago, Chile, an ISO 9001:2015 accredited laboratory, which is independent from the Company. Drill core samples were cut and prepared on site and transported to the reception facility of ALS in Copiapo, all under direct supervision of Mirasol personnel Drill core samples (1.5-2.5kg) were prepared with PREP31, and analysed for Au with fire assay and with multi-acid (4) digestion and ICP-MS Finish (*ME-MS61m) and Au by fire assay and ICP-AES (ICP21). Over limits for Ag, Pb and Zn are automatically re-analyzed by AG-GRA21 and ME-OG62. Assay results from drill core, rock chip, soil and stream sediment, channel, and trench, samples may be higher, lower or similar to results obtained from surface samples due to surficial oxidation and enrichment processes or due to natural geological grade variations in the primary mineralization. Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry and to policies linked to pandemics, social and environmental related matters. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. A photo accompanying this announcement is available at in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
Second Drill Hole at Potro SE Extends Polymetallic Mineralization at Mirasol's Flagship Sobek Gold-Silver-Copper Project in the Vicuña District, Chile
VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) -- Mirasol Resources Ltd. (TSX-V: MRZ) (OTC: MRZLF) (the 'Company' or 'Mirasol') is pleased to announce that results from the second drill hole at the Potro SE target extends the structurally controlled mineralized hydrothermal breccia system with gold, silver, zinc and lead and indications of copper on the Company's 100%-owned Sobek Copper-Gold Project ('Sobek' or 'the Project') in the Vicuña District of Chile. Located at the southeast corner of the Sobek North property block, the Potro SE target is strategically situated just 3km southwest of NGEx's Lunahuasi discovery in an area that had not previously been drill tested. Building on the success of the first hole at Potro SE, the second drill hole was positioned 200m northeast along the fault structure to test the strongest response of the cylindrical 3D magnetic anomaly and penetrate deeper into the IP PDP chargeability responses (news release dated Mar 2, 2025). 'These results from the second drill hole demonstrate the continuity of mineralization. Both drill holes confirm the presence of a structurally focused, well mineralized, intermediate sulfidation system, potentially related to a deeper porphyry center,' Mirasol's President and CEO Tim Heenan stated. 'The mineralized breccias are interpreted to be structurally controlled by the Ventana Fault System, which is also associated with the high-grade porphyry and breccia discoveries at Lunahuasi by NGEx Minerals, about 3km to the northeast. Follow-up drilling will focus on testing the high magnetic anomaly southwest of first drill hole where the Ventana Fault intersects a secondary structure.' Figure 1: Vicuña District - Sobek Property package including the Potro SE Target Highlights from the Second Drill Hole (PSE-DDH-002) Testing the Sobek North Potro SE Target: 0.90m (800.30–801.20 m) with 15.02 g/t gold equivalent 90 ('gold Eq') (0.24 g/t gold and 1,330 g/t silver) and 0.68% zinc and 0.58% lead. 17.65m (825.35 – 843.00m) with 0.22 g/t gold Eq (0.11 g/t gold, 10.30 g/t silver) and 0.48% zinc and 0.19% lead, including: 3.59m (835.95 to 839.54m) with 0.54 g/t gold Eq (0.33 g/t gold, 19.18 g/t silver) and 1.97% zinc and 0.31% lead. The mineralized breccia's encountered in the second drill hole were similar to those observed in the first drill hole, with second drill hole exhibiting slightly higher grades over somewhat narrower widths. The second drill hole was completed to a final depth of 918, approximately 80m deeper than the first hole. These results highlight the presence of a strongly mineralized system, with elevated gold, silver, zinc and lead values and background copper. Table 1: Sobek North - Potro SE - Select Calculated Geochemical Intercepts from Second Drill Hole Notes: Reported interval length are down hole widths and not true widths All assay intervals represent length weighted averages Some figures may not sum exactly due to rounding Gold equivalent 90 (gold EQ) calculation using a ratio Gold Eq90 = gold g/t + (silver g/t /90). Lead/zinc are not included in the gold Eq calculations. The second drill hole intersected a broad interval of hydrothermal breccia between 825.35 and 843.00m, returning 17.65m with 0.22 g/t gold Eq (0.11 g/t gold, 10.3 g/t silver, 0.48% zinc and 0.19% lead; calculated without cutoff). This polymictic hydrothermal breccia body is cemented by a manganese-calcite-quartz matrix and hosts clasts of porphyritic volcanic rocks showing strong pervasive quartz–sericite (phyllic) alteration assemblages. The breccia matrix hosts aggregates of sphalerite, coarse galena, pyrite, and minor chalcopyrite. A narrower, higher-grade subinterval from 835.95 to 839.54m returned 3.59m with 0.54 g/t gold Eq (0.33 g/t gold, 19.18 g/t silver, 0.31% lead and 1.97% zinc), interpreted as a more focused mineralized pulse. In addition, a separate zone of mineralized veinlets located from 800.00 to 800.90m yielded 0.9m with 15.02 g/t gold Eq (0.24 g/t gold and 1,330 g/t silver, 0.68% zinc and 0.58% lead), further confirming the presence of discrete zones of precious metal enrichment within the fault corridor. This supports the interpretation of a much broader hydrothermal system potentially encompassing the entire structural envelope. Figure 2: Sobek North Potro SE Target - Sobek North - Potro SE Second Drill Hole Results The hydrothermal breccia intercepted in both the first and second drill hole coincides with a discrete chargeability anomaly outlined by the 3D-IP model, with breccia-hosted mineralization appearing where the drill holes intersect the 10-15 mV/V IP-Chargeability isosurfaces. This chargeable body extends to depth and remains open along strike, reinforcing the potential for additional mineralized breccia or related intrusive phases deeper within and along the Ventana Fault corridor. The presence of pyrophyllite in the first drill hole, together with dominant illite-smectite assemblages observed in both holes suggests the circulation of acidic hydrothermal fluids and the potential for structurally controlled zones of advanced argillic alteration at depth. Table 2: Sobek North - Potro SE - Individual Mineralized Drill Hole Intervals Follow-up Drilling to Test the South Extension of Potro SE Mineralization Along the Ventana Fault Future drill campaigns at Potro SE will focus to the south-southwest of the first drill hole, where geological vectors point to stronger mineralization along the fertile fault structure. Testing the inferred intersection of the north-northeast trending Ventana Fault and a secondary NW-trending structure (Maranceles Fault), coincident with a high magnetic anomaly outlined by the analytical signal (ASVI). This southern extension (south-southwest) of the fault is now the high-priority target to test for better-developed mineralization hosted in hydrothermal breccias or potential porphyry source at depth. The holes at Potro SE intersected mineralization at a topographic elevation (asl) of approximately 4,600–4,650m, potentially representing the uppermost or peripheral regions of what may be a much larger and stronger mineralized system. When compared to NGEx's Lunahuasi, approximately 3km to the northeast of our current drilling, the porphyry intercepts were at deeper depths of approx. 3,850 m topographic elevation (asl). Drilling potential porphyry targets will require somewhat deeper holes, it will be key to penetrate below the 4,500m topographic elevation. It has become the norm in Andean Copper porphyry exploration to have deep holes ranging from 1000-2000m depth. High-Profile Vicuña Copper-Gold-Silver District Mirasol staked the Sobek Project in 2016 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 and the 2023 discovery of Lunahuasi. The continually expanded and consolidated Sobek Project is located on the same regional N-S trending structural corridor and just 3km to the west of the Filo del Sol deposit and 3km to the southwest of NGEx Mineral's discovery at Lunahuasi. Sobek is located within a prospective geological environment with a compelling north-northeast trending mineralized structural corridor crosscut by a north-northwest trending deep-seated trans-cordilleran lineament. This is a common structural configuration hosting numerous Andean metal deposits in both Chile and Argentina. Option Agreement on the Inca Copper-Gold Project in Chile Terminated Mirasol today also announces the option agreement on the Inca Copper-Gold Project in Chile ('Inca') with affiliates of Newmont Corporation ('Newmont') has been terminated by Mirasol. Mirasol had the option to earn-in 100% of Inca Gold, subject to a 1.5% NSR royalty (news release January 13, 2020). Mirasol has complied with all of the stipulated exploration and expenditure obligations to terminate the agreement without penalty. Shareholder Loan Increase The Company today announced an increase to $3,000,000 of the loan (the 'Loan') from Mr. John Tognetti, a director and control person of Mirasol. The Company initially announced a loan of $2,000,000 (news release March 14, 2025). The Company drew down $1,000,000 of the Loan on March 19, 2025, and an additional $1,000,000 on May 1, 2025. The Loan bears interest at the rate of 10% per annum with each advance under the Loan payable at the end of one year, can be repaid at any time without penalty and is secured by a General Security Agreement. Mirasol expects to use the increased Loan proceeds primarily to pay its arm's length creditors and for general working capital. In connection with the increase to the Loan, the Company will issue 250,000 common shares for an aggregate of 750,000 common shares (the 'Bonus Shares') to Mr. Tognetti. The aggregate value of the Bonus Shares equals approximately 10% of the principal amount of the increased Loan. Due to Mr. Tognetti's relationship with Mirasol, the Loan transaction (including issuance of Bonus Shares) is deemed to be a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101'). The Loan transaction is exempt from the requirement for a formal valuation and minority approval in accordance with, respectively, sections 5.5(b) and 5.7(a) of MI 61-101, as Mirasol is listed on the TSX Venture Exchange and the fair market value of the Loan transaction does not exceed 25% of Mirasol's market capitalization. There is less than 21 days between the date of the Loan and the filing date of the related material change report due to Mirasol's need for the Loan proceeds to pay creditors. The Bonus Shares will be subject to a four month hold period commencing from the date of issuance thereof. The increased Loan and Bonus Shares are subject to acceptance by the TSX Venture Exchange. About Mirasol Resources Ltd Mirasol is a well-funded exploration company with 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 and controls 100% of the high-grade Virginia Silver Deposit in the province of Santa Cruz, Argentina. Mirasol also continues to advance a strong pipeline of highly prospective early and mid-stage projects. For further information, contact: Tim Heenan, President & CEOorTroy Shultz, Vice President Investor Relations Tel: +1 (604) 602-9989Email: contact@ Qualified Person Statement: Mirasol's disclosure of technical and scientific information in this press release has been reviewed and approved by Tim Heenan (MAIG), the President for the Company, who serves as a Qualified Person under the definition of National Instrument 43-101. QAQC: Mirasol applies industry standard exploration sampling methodologies and techniques. All geochemical rock chip, soil, and stream sediment samples are collected under the supervision of the company's geologists in accordance with industry practice. Geochemical assays are obtained and reported under a quality assurance and quality control (QA/QC) program with insertions of controls (standards, blanks and duplicates) submitted to the laboratory. Samples were dispatched to ALS Global - Geochemistry Analytical Lab, in Santiago, Chile, an ISO 9001:2015 accredited laboratory, which is independent from the Company. Drill core samples were cut and prepared on site and transported to the reception facility of ALS in Copiapo, all under direct supervision of Mirasol personnel Drill core samples (1.5-2.5kg) were prepared with PREP31, and analysed for Au with fire assay and with multi-acid (4) digestion and ICP-MS Finish (*ME-MS61m) and Au by fire assay and ICP-AES (ICP21). Over limits for Ag, Pb and Zn are automatically re-analyzed by AG-GRA21 and ME-OG62. Assay results from drill core, rock chip, soil and stream sediment, channel, and trench, samples may be higher, lower or similar to results obtained from surface samples due to surficial oxidation and enrichment processes or due to natural geological grade variations in the primary mineralization. Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry and to policies linked to pandemics, social and environmental related matters. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. A photo accompanying this announcement is available at in to access your portfolio
Yahoo
05-06-2025
- Business
- Yahoo
MIRASOL GENERAL MANAGER MATT LAMBERT NAMED 2025 FACILITY MANAGER OF THE YEAR
The award highlights Lambert's transformational impact on Mirasol's racquet sports programs, facilities, and team PALM BEACH GARDENS, Fla., June 5, 2025 /PRNewswire/ -- The Country Club at Mirasol is proud to announce that General Manager/COO Matt Lambert has been named the 2025 Facility Manager of the Year by the Racquet Sports Professional Association (RSPA), Florida Division. This prestigious award recognizes facility leaders who demonstrate exceptional commitment to the advancement of racquet sports within their facilities and the professionals who support them. Under Matt's direction, the Club's popular racquet sports program has flourished, with utilization of the racquet facilities increasing by 21% and 33% over the past two years. In 2025, instruction revenue is projected to exceed $900,000, and merchandise sales are expected to reach $650,000—testaments to the vibrancy and growth of the program. Additionally, his dedication to staff development and mentorship is second to none. He established a leadership program at Mirasol to help mid-level managers build core skills in budgeting, leadership, and career development, creating a culture of mentorship that extends beyond club boundaries. "I'm deeply honored to receive this recognition from the RSPA," said Lambert. "I'm especially grateful to Mirasol's Director of Sports, Jeremy Barker, and Director of Racquet Sports, Kristine Mendivil, whose vision and dedication have been instrumental in creating an outstanding racquet program for our active and engaged membership." In addition to overseeing a dedicated team and a thriving racquet program that includes 15 Har-Tru tennis courts and six newly added pickleball courts, Matt, with the support of the membership and Board of Directors, is leading the charge on a groundbreaking new facility: an 18,000-square-foot indoor pickleball complex featuring seven weather-proof regulation courts. This ambitious project is a key component of the Club's long-term vision to expand Mirasol's recreational offerings and ensure year-round access to high-quality play. Matt's accomplishments extend well beyond racquet sports. He oversaw the Club's $40 million expansion in 2016, which included the development of The Esplanade wellness facility, including fitness, spa, dining, and aquatics, and the flagship fine dining restaurant Solstice, among other award-winning amenities. His contributions to the hospitality industry have also been widely recognized. He was named Club Executive of the Year by the Club Managers Association of America in 2024, received the James H. Brewer Award for Excellence in Club Management, and was honored with the Stephen Elmont Alumni of the Year Award in 2020 from The Department of Hospitality and Tourism Management at the Isenberg School of Management University of Massachusetts Amherst. For more information about Mirasol and its racquet sports program, please visit About Mirasol: Mirasol is a gated community of 1,170 homes located north of PGA Boulevard in Palm Beach Gardens. The Country Club at Mirasol is a member-owned, private country club community whose purpose is to create uniquely satisfying golf, racquet sports, recreational, and social experiences for residents, their families, and guests in a welcoming atmosphere with outstanding personalized service and fiscally responsible management. Mirasol has been named one of America's Greatest Private Clubs, has been awarded Platinum Club of America and Distinguished Club status, is a designated Audubon Cooperative Sanctuary, and hosted the PGA's Honda Classic from 2003-2006. For more information, visit View original content to download multimedia: SOURCE The Country Club at Mirasol Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
