Drilling Commences at Miranda Gold′s Angel Wing Property
Miranda Gold Corp. ('Miranda?) (TSX-V: MAD) announces that
drilling has started at Angel Wing, a sediment-hosted gold and
epithermal vein project in Eureka County, Nevada. Miranda′s exploration
funding partner Ramelius Resources Ltd. ('Ramelius?) (ASX: RMS) plans to
drill a total of 4,000 ft (1,212 m) in up to eight drill holes.
Reverse circulation drilling will test the lateral and down dip
continuity of the veins and assess their gold and silver content in
three unique target areas. In addition to the vein targets, drilling
will also assess a sediment-hosted gold target where anomalous gold in
soil and rock samples correlates with decalcified and silicified
limestone.
Project Details
The Angel Wing project consists of 87 unpatented lode claims (7.3 sq.
km.) in northeast Elko County, Nevada. Past work consisted of mapping,
soil and rock sampling, and gravity. High-grade, surface rock chip
samples up to 2.7 oz Au/t (92.5 g Au/t) occur in steeply dipping,
quartz-calcite-adularia bonanza veins within Triassic limestone. The
high-grade veins remain untested by drilling in a zone measuring one
mile (1.6 km) along strike, 1,200 ft wide (366 m), and at depth. Surface
sampling also identified disseminated, sediment-hosted gold
mineralization up to 0.44 oz Au/t (1.507 g Au/t) in altered Paleozoic
and Tertiary rocks. Historic shallow, vertical drilling targeted
disseminated mineralization and returned up to 0.047 oz Au/t over 50 ft
(1.609 g Au/t over 15.2 m) in drill hole DC-7.
The data disclosed in this press release have been reviewed and verified
by President & CEO Ken Cunningham, P.Geo, BSc. Geology and Qualified
Person as defined by National Instrument 43-101.
Corporate Profile
Miranda Gold Corp. is a gold exploration company active in Nevada,
Alaska and Colombia and whose emphasis is on generating gold exploration
projects with world-class discovery potential. Miranda performs its own
grass roots exploration and then employs a joint venture business model
on its projects in order to maximize exposure to discovery while
minimizing exploration risk. Miranda has ongoing partnerships with
Montezuma Mines Inc., NuLegacy Corporation, Piedmont Mining Company
Inc., Ramelius Resources Ltd. and Red Eagle Mining Corporation.
ON BEHALF OF THE BOARD
'Kenneth Cunningham?
Kenneth Cunningham
President and CEO
For more information visit the Company′s web site at www.mirandagold.com
or contact Fiona Grant, Manager, Investor Relations 1-877-689-4580.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release may contain information about adjacent properties
on which we have no right to explore or mine. We advise U.S. investors
that the SEC's mining guidelines strictly prohibit information of this
type in documents filed with the SEC. U.S. investors are cautioned that
mineral deposits on adjacent properties are not indicative of mineral
deposits on our properties. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in
such statements.
Miranda Gold Corp.
Fiona Grant, 1-877-689-4580
Manager,
Investor Relations
www.mirandagold.com