Mirasol Resources begins drilling at Sobek
Mirasol Resources Finally Drills Marquee Sobek Target After Liquidity Overhaul
On January 22, 2026, Mirasol Resources announced the commencement of drilling at its flagship 100%-owned Sobek copper-gold-silver project in the Vicuña District, Chile. The company is actively drilling the "46 South" target. The maiden drill hole is planned for approximately 1,000 meters in depth. It is designed to test a shallow high-sulphidation epithermal (HSE) target starting at 200 meters, which was defined by recent Deep Vectoring IP and MT geophysical surveys. CEO Tim Heenan describes 46 South as the "most technically compelling target" defined to date at Sobek.
While the commencement of drilling is a routine operational step, the context of this news makes it Routine - Positive. * Proof of Concept: This marks the transition from target generation (geophysics/sampling) to drill testing on the company's most touted asset. The market has been pricing in the potential of Sobek (due to its proximity to Filo del Sol and Lunahuasi); the drill bit provides the only mechanism to validate this valuation. * Timing: The drilling follows a flurry of corporate cleanup activities in December 2025 (financing and asset sales), indicating management has cleared financial distractions to focus purely on this catalyst. * Technical Specificity: The targeting is precise (HSE at 200m), providing a clear benchmark for success or failure in the near term. * Stock Price Reaction: The stock is currently trading at its 52-week high ($0.58), suggesting the market is aggressively buying the anticipation of this drill program.
- Company: Mirasol Resources is a "prospect generator" turned explorer. While they historically farmed out projects to partners to collect royalties and cash, they are currently self-funding exploration on their flagship asset.
- Flagship Project: Sobek (Chile). Located in the Vicuña District, a high-profile geological trend hosting major deposits like Filo del Sol (Filo Mining) and Lunahuasi (NGEx). Sobek is 100% owned. The current focus is the "46 South" target, interpreted as a significant mineralized system with both epithermal and porphyry potential.