Hochschild Mining PLC advised Mirasol Resources Ltd. that it is terminating its option agreement on the Indra gold project in Chile.

Mirasol said Dec. 19 that it will drop the Indra project and focus its exploration and business development efforts on other opportunities, following drilling results at Indra and Hochschild's decision to end the deal.

"As the year wraps up, we are now looking forward to a positive start to 2020, with results expected from the ongoing drilling program at Gorbea as well as from our trenching program at Los Amarillos," Mirasol President and CEO Norm Pitcher said.

In November, Hochschild said it would no longer pursue the earn-in for Alianza Minerals Ltd.'s BP and Bellview gold projects in Nevada.