Mirasol Resources Signs LOI with San Lorenzo Gold for US$4 Million Sale of Rubi Copper Project in Chile

Mirasol Resources Ltd. has signed a Letter of Intent with San Lorenzo Gold Corp. for the sale of the Rubi Copper Project for US$4 million, retaining a 2% NSR royalty. The agreement includes options for San Lorenzo to increase its stake to 100% through additional payments. Exploration expenditures and timelines are defined, with Mirasol's interest in the project fully carried until a mining decision is made.

Published Mar 20, 2026

Mirasol Resources Ltd. signed a Letter of Intent granting San Lorenzo Gold Corp. an exclusive option to acquire the Rubi Copper Project in Northern Chile for US$4 million. Mirasol retains a 2% NSR royalty.

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The agreement includes a three-step option process allowing San Lorenzo to increase its ownership to 100% over several years with specific payment and exploration expenditure commitments. The project spans 2,000 hectares within a significant copper belt, with a history of promising drill results indicating a prospective porphyry-style alteration system. Mirasol's interest in the Rubi Project will be fully carried until a mining decision is made.