Mirasol Resources Ltd V.MRZ

Exerpt from the Gold Report on Mirasol.

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Silver Strategies Editor Sean Rakhimov

pub/na/8315

"TGR: What are some lesser-known silver names that you're following?

SR:Right now, I'm not looking to invest in companies that are well known,because they generally had huge runs and now there should be some kindof correction. But the silver sector is so small that there's a lot ofnew interest and new money coming into it. I don't expect a bigcorrection there. As for lesser known names, Mirasol Resources Ltd. (TSX.V:MRZ)has been making some fantastic discoveries in Argentina. That's become asilver play. One that has been overlooked as a silver company is US Gold Corp. (TSX:UXG, NYSE:UXG),believe it or not. A Rob McEwen company, US Gold is mostly known forgold, but its main area of interest, at least in the last couple ofyears, has been a silver discovery in Mexico.

The thing aboutsilver is that it rarely occurs as the dominant metal in a deposit. Itusually occurs along with gold or copper or lead and zinc. Often youlook for one metal and you find another. One interesting story that hadits coming-out party in 2010 was South American Silver Corp. (TSX:SAC), now spearheaded by Greg Johnson of NovaGold Resources Inc. (NYSE.A:NG; TSX:NG)fame. South American Silver couldn't find traction for a couple ofyears because their main silver assets are in Bolivia, where it has alarge but low-grade deposit. The geopolitical risk was steeringinvestors away. But Greg Johnson came in and turned the story around. Idon't know how he changed the sentiment, but that company is off to theraces now.

TGR: You mentioned Mirasol. It has the Joaquinsilver-gold project in the Patagonia region of southern Argentina, whichis a joint venture with Coeur d'Alene. Drilling there has returned somepretty good results. Do you want to talk about those?

SR:Coeur d'Alene is the operator of that project. That was what putMirasol on the map. I remember when Mirasol came to market at pennies.It was
.15 a few years ago. It's now over $5. They have since madeanother discovery called the Virginia Silver Project. Mirasol has beendrilling that and recently put out some very interesting drill resultsthat confirm it's onto something serious there. It should be ahigh-grade silver discovery.

TGR: And Mirasol owns Virginia outright.

SR:Yes, that one is wholly owned. That's been carrying the share priceupward. Mirasol has a very tight share structure, and it's one of thevery interesting companies in the silver space."

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