Drilling Begins at Miranda Gold Corp.'s Iron Point Project
April 22 2008 - 8:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: MAD)(OTCBB:
MRDDF)(FRANKFURT: MRG) announces that drilling has begun on its
Iron Point project, currently under an exploration funding
agreement with White Bear Resources ("White Bear"). The planned
drill program will include three holes totaling 4,500 ft (1,400 m)
and expenditures of approximately $270,000.
The Iron Point property is located at the intersection of the
Battle Mountain-Eureka and Getchell gold trends, in southeastern
Humboldt County, Nevada. Drilling at Iron Point will test three
target areas. A zone of northerly trending faults at Iron Point is
inferred to be the southern projection of the Getchell Fault, the
major control for mineralization at the Getchell and Turquoise
Ridge mines to the north. One hole will test a north and northwest
trending fault intersection where favorable limestone shows strong
oxidation and silicification. Soils and rocks are anomalous in the
area of alteration.
Multiple significant gold deposits surrounding the Iron Point
region show a close spatial association with the contact of
Ordovician age rocks with either older or younger rock formations.
A second drill hole at Iron Point will test for this contact in an
area where nearby historic holes show thick continuous zones of
low-level gold. Miranda has also identified mercury gas anomalies
peripheral to this area. A third hole will test the footwall of
another north trending fault zone inferred as a possible southern
extension of the Getchell Fault. This fault also defines the
favorable contact between Ordovician and older Cambrian rocks.
Miranda proposes that the Iron Point alteration and gold
anomalies with their associated west-northwest- and
northwest-trending dike patterns may occur within a broad zone of
intrusive rocks and interrelated faults and folds extending
west-northwest from the Lone Tree Mine area. Other significant gold
deposits could occur along this trend, especially where Getchell
Trend structures are intersected.
The data disclosed in this press release have been reviewed and
verified by Company Senior Geologist Steven Koehler, 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 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. Miranda
has ongoing partnerships with Barrick Gold Exploration Inc., the
Cortez Joint Venture, the Buckhorn Joint Venture, Piedmont Mining
Company Inc., White Bear Resources Inc. and Queensgate Resources
Corporation.
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.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Miranda Gold Corp. Fiona Grant Manager, Investor
Relations Toll Free: 1-877-689-4580 or (604) 689-4580 Website:
www.mirandagold.com
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