Drilling to sart on BPV and CONO properties
VANCOUVER, BRITISH COLUMBIA, Sep 12, 2006 (CCNMatthews via COMTEX News Network) --
Miranda Gold Corp. (TSX VENTURE:MAD)(OTCBB:MRDDF)(BERLIN:MRG)(FWB:MRG) is pleased to announce that Agnico-Eagle (USA) Limited ("Agnico"), has completed drill pads and access and intends to begin drilling on the BPV and CONO projects within the week of September 11th, 2006.
The drill program will consist of 4 holes totaling approximately 6,000 to 7000 feet of drilling. The program will test inferred lower plate targets that have been advanced by a combination of detailed gravity, MT (magneto telluric) profiles, and mercury gas surveys.
The BPV and CONO projects comprise together 114 lode mining claims located approximately 2 miles south of the ET Blue area and 8 miles southeast of Cortez Hills. Both of the projects fall within an inferred structural corridor between the mineralized Grouse Creek fault in the Coal Canyon lower plate window to the south, controlling structures inferred for ET Blue, and the altered fault boundary of the Cortez lower plate window to the north. CONO is on the southern projection of the inferred horst localizing the ET Blue gold-system. Cortez Joint Venture or Barrick Gold Exploration Inc. claims surround the BPV and CONO projects.
Once "Agnico" begins this program, Miranda will have three active ongoing drill programs. Barrick Gold Exploration Inc. just began drilling at the Red Hill joint venture and Newcrest Resources Inc., is finishing the first phase of its 2006 drill campaign at the Redlich joint venture.
Coal Canyon Exploration Update
At the Coal Canyon Project, joint venture partner Golden Aria has completed permitting with the BLM. Drill pads and road construction will be initiated during the week of September 11th, 2006. A start up for drilling funded by Golden Aria is forecast for mid to late October. Two to three holes totaling approximately 3,000 feet will test geochemical, structural and geophysical (gradient resistivity-spontaneous potential) targets within lower plate carbonate rocks of the Wenban, Roberts Mountains, and Hanson Creek Formations. These units are important hosts to gold mineralization within the Cortez and Cortez Hills area, seven miles north of Coal Canyon.
Company 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 Newcrest Resources Inc., Barrick Gold Exploration Inc., Agnico-Eagle (USA) Ltd., the Cortez Joint Venture, the Buckhorn Joint Venture, Golden Aria Corp. and Romarco Minerals Inc.
ON BEHALF OF THE BOARD
Kenneth Cunningham, President and CEO |
