Miranda Gold Corp.: Drilling of 2012 drilling at the Ester Dome project of Miranda, Alaska
30.05.2012 Vancouver (BC), Canada - Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce that Agnico-Eagle (USA) Limited ("Agnico"), an 100% subsidiary of Agnico-Eagle Mines Limited (TSX: AEM), has completed the drill program 2012 on Miranda's Ester Dome project, located in the Fairbanks mining area of Alaska.
Agnico, Miranda's financing partner at Ester Dome, intends to drill approximately 5.900 feet (1.800 meters) in nine wells. Drilling is expected to further investigate the northwest-facing soil anomaly, which includes a group of granitic bodies stored in shale and quartzite and the extension of significant mineralization intersected at the end of 2011.
In the table below, the significant results are defined as gold grades of 0,010 ounces of gold per ton (0,343 g / t Au) or more in sections of 5 feet (1,5 meters) or more and reported previously for 2011 drilling , summarized.
Drilling will investigate the internal northeast-facing geochemical highs within the more powerful soil anomaly, which could potentially be the boundary of higher grade mineralization, as well as the magnetic anomalies associated with anomalous gold grades and mapped deposits.
The gold mineralization encountered by 2011 is associated with pronounced fracture accompanied by iron oxides and quartz-sulfide veins. In places, the mineralization is controlled by low angle faults. Historical drilling completed by Placer Dome Exploration's 1998 has demonstrated that these faults can control high grade mineralization, as 19,7 foot at 2,7 ounces of gold per ton (6 meters) in two holes at the southern edge of the soil anomaly surveyed by Agnico with 92,6 g / t Au) or 10 feet with 0,513 ounces of gold per tonne (3 meters with 17, 6 g / t Au).
Details of the project
Ester Dome and the surrounding Fairbanks mining area are considered part of the Tintina Gold Province, which stretches from southwestern Alaska to the central Yukon and hosts resources of approximately 35 million ounces of gold. The Tintina Belt is characterized by various forms of intrusive gold deposits. The Ester Dome project consists of 181 mining concessions from the state of Alaska occupying an area of 13,8 square miles (35,7 square kilometers) and located 5 miles (8 kilometers) from Fairbanks (Alaska). In the Fairbanks district, millions of ounces of soap gold were reported to be mined by 9,5. On the thighs of Ester Dome, more than 3 million ounces of soap gold were mined; The property covers much of the highland source area of these 3 million ounces.
The geology of Ester Dome includes a sequence of metasedimentary schist and quartzite separated by suspensions and intersected by magmatic ore beds and small sticks. Mineralization in the Ester Dome project has potential for both high grade gold deposits bedded in veins and shear zones, as well as intrusive gold deposits with large tonnages. The gold deposits in the Fairbanks region can be used for exploration at Ester Dome in comparison. These include Fort Knox (over 6 million ounces), which is hosted by an intrusive cane and is characterized by laminar quartz veins and shear zones, and True North (1,3 million ounces) embedded in complex, overlapping shear zones with quartz veins in metasedimentary rocks is.
The data disclosed in this release, including analytical and test data, has been reviewed and verified by Joseph Hebert (CPG, B.Sc. Geology), VP of Exploration and Qualified Person as defined by National Instrument 43-101.
Company Profile
Miranda Gold Corp. is a gold exploration company based in Nevada, Alaska and Colombia. The focus is on gold exploration projects that have the best prospects of discovering high quality gold deposits. Miranda performs her own basic exploration work and then applies a joint venture business model to his projects. The aim is to optimize the findings and minimize the exploration risk at the same time. Miranda currently works with partner companies Agnico-Eagle (USA) Inc., Montezuma Mines Inc., Navaho Gold Ltd., NuLegacy Corporation, Ramelius Resources Ltd. and Red Eagle Mining Corporation together.
FOR THE BOARD
"Kenneth Cunningham"
Kenneth Cunningham
President and CEO
Further information can be obtained from the Company's website at www.mirandagold.com or via Joe Hebert, Vice President Exploration, at + 1-775-738-1877.
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Disclaimer
The TSX Venture Exchange and its regulators (referred to in the Articles of Association of the TSX Venture Exchange as Regulation Services Providers) accept no responsibility for the adequacy or accuracy of this announcement.
In addition, US investors are cautioned that mineral deposits in adjacent deposits are not indicative of mineral deposits in our deposits. We advise US investors that the SEC's Mining Rules strictly prohibit such information in filings with the SEC.
This press release contains forward-looking statements based on current expectations and estimates of the company. Forward-looking statements often include words such as "plan," "expect," "forecast," "intend," "believe," "anticipate," "estimate," "accept," "suggest," and similar expressions or statements. according to which certain events or conditions "can" or "become". These forward-looking statements are subject to risks and uncertainties and other factors that could cause actual events or results to differ materially from the anticipated events or results expressed or implied by such forward-looking statements. These factors include actual results of current exploration activities; Conclusions on economic valuations; Changes in the framework conditions of projects in the course of further planning; possible deviations in ore content and yield; accidents; labor disputes and other risks arising in the mining industry; Delays in regulatory approval or financing transactions; and fluctuations in metal prices. Other factors may cause actions, events or results to be different than expected, estimated or intended. Forward-looking statements relate solely to the time at which they are prepared. The Company therefore has no intention or obligation to update these forward-looking statements, whether as a result of new information or future events or results or otherwise, except as required by applicable securities laws. Forward-looking statements are not guarantees of future performance and it is therefore advisable not to overstate such statements due to uncertainties therein.
