Miranda Stakes Pediment Play Near Its Red Canyon Project
2010年2月18日 - 10:00PM
Marketwired
Miranda Gold Corp. ("Miranda") (TSX VENTURE: MAD)(OTCBB:
MRDDF)(FRANKFURT: MRG) -
Miranda staked 39 contiguous claims that comprise the HOG
Project approximately 1970 ft (600 m) northeast of its Red Canyon
Project, Eureka County, Nevada. Seventeen of these claims are
within the Red Canyon Project area of interest, and will be
included in the lease option agreement with Red Canyon Corporation,
the underlying owner, and the exploration agreement with Montezuma
Mines Inc., a wholly owned subsidiary of CMQ Resources Inc., and
Miranda's exploration funding partner at Red Canyon.
The HOG property is 1.9 mi (3 km) east of US Gold's Tonkin
Springs gold deposits and bounded on the east and west by Bravo
Ventures Group, Inc. ("Bravo") claims comprising their Pete Hanson
project. Bravo reports the presence of "auriferous lower plate
carbonate rocks and jasperoid" locally on the eastern and southern
portions of their Pete Hanson Project with "grab samples of altered
rock containing anomalous gold values of 0.3 to +3.0 g/t Au".
Similarly, Miranda has silicified lower-plate carbonate rocks on
the south end of the new claim block. The remainder of the project
area is covered by pediment. The Hog Project may be within the
large gold system footprint of the Tonkin Springs, Red Canyon and
the Pete Hanson projects.
Miranda plans to advance the project and identify targets by
mapping and sampling the bedrock portion of the claims, and by
fault and lineament projection into the pediment.
In keeping with Miranda's business model as a prospect
generator, a joint venture partner will be sought to explore the
HOG project for those 22 NC claims that fall outside of the Red
Canyon area of influence.
The data disclosed in this press release have been reviewed and
verified by Company Senior Geologist Steven Koehler, CPG, 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. Previous
and/or existing partners include Barrick Gold Exploration Inc.,
Newmont Mining Inc., Placer Dome (US) Inc., Agnico-Eagle (USA)
Inc., Romarco Minerals Inc., Golden Aria Corp., the Cortez Joint
Venture and the Buckhorn Joint Venture. Miranda has ongoing
partnerships with Piedmont Mining Company Inc., White Bear
Resources Inc., Queensgate Resources Corporation, Montezuma Mines
Inc., NuLegacy Corporation, Red Eagle Mining Corporation, and
Ramelius Resources Ltd.
ON BEHALF OF THE BOARD
Kenneth Cunningham, President and CEO
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.
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.
Contacts: Miranda Gold Corp. Fiona Grant Manager, Investor
Relations 1-877-689-4580 www.mirandagold.com
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