Feb 26 (Reuters) - Mirasol Resources Ltd MRZ.V :
* MIRASOL SIGNS A BINDING LETTER AGREEMENT WITH NEWCREST MINING FOR A JOINT VENTURE ON THE ZEUS GOLD PROJECT IN CHILE
* NCM WILL SPEND A MINIMUM OF US$1.5 MILLION AT ZEUS OVER AN INITIAL 18-MONTH PERIOD
* NCM HAS RIGHT TO ACQUIRE UP TO 80% OF ZEUS PROJECT BY COMPLETING A SERIES OF MILESTONES, MAKING STAGED OPTION PAYMENTS TO CO OF $1 MILLION