🕐23.10.09 - 15:47 Uhr
Miranda Gold Adds New Project to Nevada Portfolio
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Re: News Releases - Friday, October 23, 2009
Miranda Gold Adds New Project to Nevada Portfolio
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Vancouver, BC, Canada -- October 23, 2009 -- Miranda Gold Corp.
("Miranda") (TSX-V: MAD) has staked 122 unpatented lode claims in the
Roberts Mountains in Eureka County, Nevada approximately 26 mi (42 km)
northwest of the town of Eureka.
The project is on the southern end of
the Battle Mountain-Eureka Trend and covers approximately 3.8 square mi
(9.8 sq km).
The property lies along the margin of a north-trending window that
exposes lower-plate Devonian-age limestone through the Roberts
Mountains Thrust.
Similar Devonian age limestone is a favorable host
for sediment-hosted gold systems elsewhere on the Battle Mountain
--Eureka Trend.
The TAZ project shows alteration and geochemistry consistent with
sediment-hosted gold deposits, favorable host rocks, and historic
drilling that encountered significant gold mineralization.
The
sediment-hosted gold deposits Chert Cliff, Afgan-Kobeh, Gold Ridge and
Gold Bar are clustered from 2 to 8 mi (3.2 to 12.8 km) from TAZ
project.
The Gold Bar deposit which contained a gold resource exceeding one
million ounces is 8 mi (12.8 km) to the southwest and is a target
analogue for the TAZ project.
Four companies previously explored for shallow oxide gold deposits on
various portions of Mirandas claims.
In 1996, BHP Minerals
International drilled VC96-8 on the south end of the claim block.
This
hole-includes 70 ft of 0.042 oz Au/t from 215-285 ft (21.3 m of 1.44 g
Au/t from 65.5-86.9 m) within a 135 ft zone of 0.025 oz Au/t from
215-350 ft (41.2 m of 0.86 g Au/t from 65.5-106.7 m).
The drill hole
ended at a depth of 350 ft (106.7 m) with the last five-foot (1.5 m)
sample returning 0.005 oz Au/t (0.175 g Au/t) within Devils Gate
Limestone
Regionally, stratigraphic hosts for gold mineralization occur in silty
debris flow units within the Denay Formation, below the Devonian Devils
Gate Limestone.
At TAZ, an initial and straight forward target would
be to offset drill hole VC96-8 and drill deeper to test for more robust
gold mineralization in the underlying Denay which is conventionally
inferred to be a better host than the Devils Gate Formation.
Miranda intends to conduct geologic mapping and surface sampling to
identify additional drill targets.
In line with Mirandas business
model, a joint venture partner will be sought to further explore the
project.
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 and
whose emphasis is on generating gold exploration projects within the
Battle Mountain-Eureka and Cortez Trends.
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 partners include Barrick Gold
Exploration Inc., Newmont Mining Inc., Newcrest Resources 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., and NuLegacy Gold Corporation.
ON BEHALF OF THE BOARD
"Kenneth Cunningham"
Kenneth Cunningham
President and CEO
For more information visit the Companys 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 SECs 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.
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Copyright (c) 2009 MIRANDA GOLD CORP.
(MAD) All rights reserved.
For
more information visit our website at http://www.mirandagold.com/ or
send mailto:
Message sent on Thu Oct 22, 2009 at 4:29:20 PM Pacific Time
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