Miranda's JV Partner Begins Drilling on Horse Mountain
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Miranda Gold Corp. (TSX-V: MAD) ("Miranda") is pleased to announce that
Barrick Gold Exploration Inc. ("Barrick") has begun drilling on
Miranda's Horse Mountain property, located in the Shoshone Range of
north central Nevada. This second round of drilling planned by Barrick
will consist of approximately five drill holes totaling approximately
10,000 feet.
In 2005 Barrick reported drilling a mineralized interval of 98.2 feet
of 0.023 oz Au/ton in drill hole BHM-1 from 926.2 ft to 1024.4 feet.
Drill testing confirmed that gold mineralization is hosted in strongly
decalcified, oxidized, clay-altered, and brecciated carbonate rocks
interpreted to be Roberts Mountain Formation. Gold mineralization
begins at the Roberts Mountains thrust fault and continues within an
uplifted block of lower-plate carbonate rocks.
Barrick's first hole of five is at the Rum Dreams prospect, an area of
brecciated and silicified upper-plate quartzite and narrow igneous
dikes that host anomalous gold in shallow drilling. This hole, which
is 2,900 feet southeast of BHM-001, will target northeast--striking
faults that intersect lower-plate carbonate rocks beneath the
upper-plate alteration. Results from this hole and previous deep
drilling will guide the placement of additional holes in the 2006
program.
The Horse Mountain property lies approximately 11 miles west of the
Cortez Joint Venture Pipeline Mine Complex and was identified by Placer
Dome U.S. Inc. as a strategic area of interest following the Cortez
Hills discovery in 2002. The property comprises 139 claims over 4.5
square miles that showcase a geology characterized by hydrothermally
altered chert, chert-argillite, and quartzite in the upper plate of the
Roberts Mountains thrust fault. The structural framework on the project
consists of north, north-west and north-east striking faults that
intersect the larger, through-going west-northwest-striking Wilson
Canyon fault zone.
Barrick's second drill campaign will attempt to locate "feeder fault
zones" that may have acted as conduits for the emplacement of the gold
mineralization intersected in drill hole HM-1.
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.
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,
Romarco Minerals Inc., and Golden Aria Corp.
ON BEHALF OF THE BOARD
"Kenneth Cunningham"
Kenneth Cunningham
President and CEO |
