Well Newcrest certainly keen!This should easily be a C$100m+ market cap with all its reasonably advanced projects bubbling away with, in the main, other companies footing the costly bill on all exploration costs. I love these off radar stocks, years of quiet land accumilation and permitting but remain unknown and forgotten about. Of course it's all down to whether they strike big in one of the many irons in the fire but as it stands so undervalued for the potential.
Just fingers crossed that they get a company changer news release over the next twelve months that gives them the publicity and as a consequence the valuation that they deserve. Still for now, thank you Newcrest for the $500k keep Mirasol sweet payment.
Mirasol Resources and Newcrest Mining Amend Gorbea Agreement: Newcrest Exercises Farm-in Option
https://stockhouse.com/news/press-releases/2020/12/29/mirasol-resources-and-newcrest-mining-amend-gorbea-agreement-newcrest-exercises
Mirasol's Chair and Interim CEO, Patrick Evans, commented: "We welcome Newcrest's commitment to advancing the Gorbea project and their decision to enter into the Gorbea farm-in phase through the payment of US$500,000. This option payment further strengthens Mirasol's treasury".
To date, Newcrest has completed 5,426m of drilling and spent more than US$9 million on the project, exceeding the minimums required under the option phase. In order to complete the first farm-in phase and vest an initial 51% in the Gorbea project, Newcrest is now required to complete at least US$15 million in exploration expenditures over 4.5 years and drill a minimum of 8,000m on the Gorbea Project. The first 2,000m of drilling is to be completed before the end of 2021 and the additional 6,000m must be completed before the end of 2022. Mirasol and Newcrest have agreed to review the COVID situation in Chile in August 2021 and jointly decide how to advance the project during the next field season.