Mirasol Resources Ltd

Patrick Evans, a director, and Timothy Heenan, President, lead the firm. Both have backgrounds in geology and mineral exploration. Evans chairs the board, while Heenan oversees day-to-day operations. The team decides which projects to acquire and which to option out to larger partners.

The firm uses a project-generation model, identifying underexplored geological terrains in Argentina and Chile. It stakes claims or enters option agreements to secure land packages before conducting initial geophysical surveys and drilling. This approach provides access to assets that larger miners may overlook.

Mirasol Resources is a publicly traded mineral exploration company, not a family office. It is listed on the TSX Venture Exchange under the symbol MRZ. The firm's capital comes from equity markets and joint-venture partners, not a single family.

The firm only engages in direct mineral exploration projects. It does not invest in other funds or make passive portfolio allocations. All capital is deployed into its own property portfolio.

Mirasol focuses on early-stage exploration, specifically grassroot projects where it can add geological value. It does not operate producing mines. The typical lifecycle spans from staking claims to initial drilling, then farming out to partners for further development.

The firm concentrates solely on precious and base metals, primarily gold and silver. It does not invest in energy, technology, or other commodities. It also avoids advanced-stage projects that require large capital expenditures.

Mirasol structures joint ventures with major miners like Newmont Corporation. Typically, the partner funds exploration expenditures in exchange for earning a stake in the project. Mirasol retains a carried interest until a production decision.