Vancouver, BC, Canada - 14. January 2014 - Miranda Gold Corp. ("Miranda") (TSX-V: MAD) announces that Red Eagle Mining (TSX-V: RD), the company's financing partner for the Pavo Real project in Colombia, is currently on the way Concentrated expansion of a new mineralization zone. This zone is associated with self-contained rhyolite veins and hydrothermal breccias, as well as a large ground anomaly with gold inclusions and various elements discovered by mobile metal ion analysis (MMI).
On the 8. October 2013 announced to Miranda that in channel samples taken at the surface, gold values range between 0,23 g Au / t and 33,7 g Au / t and, associated with this, metal mineralization peaking above 100 g Ag / t, 0,93% copper and 0,87% zinc were found.
The best results of the most recent slot sample analysis (Figure 1) include 9,03 g Au / t and 72,4 g Ag / t on 6,1 m and 19,8 g Au / t and 64,1 g Ag / t on 1,2 m. The results are shown in the following table 1.
Figure 1
To view the full press release please follow the link:
http://www.irw-press.com/dokumente/MirandaGold_140114_Deutsch.pdf
Table 1 - Most important results of slot sample analysis at Pavo Real
To view the full press release please follow the link:
http://www.irw-press.com/dokumente/MirandaGold_140114_Deutsch.pdf
With these new sample results, the area of high-grade surface mineralization will be extended to an area of approximately 600 mx 700 m, and as mapping progresses, spatial proximity to elongated porphyry bodies parallel to the vein and breccia trends becomes increasingly apparent. West-northwest and north-westerly trends overlap within a large MMI soil anomaly with gold, molybdenum, and base metal mineralization that correlates with the anomalous slot sample values. Miranda believes that the anomaly is associated with an intrusive hydrothermal breccia, and that surface structures may indicate a large breccia vent or diatreme in depth.
The higher-grade vein mineralization, which extends over large areas (9,03 g Au / t on 6,1 m) and the density of the vein also provide evidence of an interesting demarcated target area.
Two holes drilled by Red Eagle 2012 near this new target area intersected an 7,1 m wide intersection averaging 1,54 g / t Au and an 0,54 m wide intercept averaging 9,37 g / t Au. These results give confidence to Red Eagle and Miranda and give rise to further sampling in this new, expanded target area.
Pavo Real consists of concession areas in which Miranda owns all rights. As part of a joint venture with Red Eagle, 70% of shares are currently being acquired by Red Eagle.
Details of the project
On the project site is a sedimentary rock sequence from the Triassic and Jurassic, which is superimposed by volcanic sequences. The sedimentary and volcanic sequences are disrupted by various diorite, granite, and rhyodazite porphyry bodies as well as by hydrothermal breccias and a variety of quartz veins and debris zones associated with sericite and localized potassium aging. The project is located in the Tolima Department, 20 kilometers south of the city of Ibague, and 45 kilometers southeast of the AngloGold Ashanti-operated La Colosa Project (26,8 million ounce gold resources derived from 0,92 g / t reported in the XNUMX report).
All information published in this news release, including the results of sampling, analysis and testing, has been reviewed by Joseph Hebert, VP of Exploration, CPG, BSc. Geology, as a Qualified Person as defined by National Instrument 43-101.
Company OVERVIEW
Miranda Gold Corp. is a company specializing in the exploration of gold deposits in Nevada 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 is currently working with Agnico Eagle Mines Ltd., Montezuma Mines Inc., Prism Resources Inc. and Red Eagle Mining Corporation.
FOR THE BOARD:
"Kenneth Cunningham"
Kenneth Cunningham
Chairman, President and CEO
For more information, visit the company's Web site at www.mirandagold.com or contact Joe Hebert, Vice President Exploration, Tel. 1-775-738-1877.
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.
US investors are cautioned that mineral deposits in adjacent deposits are not indicative of mineral deposits in our deposits. Further, we remind 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.
No liability is assumed for the accuracy of the translation! Please note english original message!
Source: IRW-Press.com.
