Mirasol Resources inks definitive option agreement for its Nord project in Chile

Mirasol Resources Ltd said it has now inked a definitive deal to option out its Nord project in Chile. It was signed with Encantada SpA, an affiliate of Mineria Activa, with more than $150 million in assets under management. According to Mirasol’s CEO, Norm Pitcher, Mirasol has monetized its interest in a non-core project for up to $3 million cash payments and the creation of a new 2% NSR royalty on prospective exploration claims located near a development project.

Source: Proactive Investors