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Significant Carlin-Style Gold Mineralization Intersected at Red
Hill
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Tuesday, December 05, 2006
Miranda Gold Corp. ('Miranda") (TSX-V: MAD) is pleased to announce
results from the 2006 drill program on its Red Hill project in the
Cortez trend, Eureka County, Nevada. Miranda's joint venture partner
Barrick Gold Exploration Inc. ("Barrick") completed two deep reverse
circulation holes in the pediment covered area of the Red Hill project.
Hole BRH-013 intersected forty-five feet of 0.237 oz Au/t gold between
1,920 feet and 1,965 feet. This interval lies within a longer,
lower-grade mineralized zone. Mineralization is hosted in lower-plate
carbonate rocks and is associated with high levels of arsenic,
antimony, mercury and thallium. These features and the presence of
altered igneous dikes indicate that a Carlin-style gold system is
present at Red Hill.
The mineralized intervals for the holes are shown in the following
table:
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Hole Interval Length Grade Length Grade
Number (ft) (ft) (oz Au/t) (m) (g Au/t)
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BRH-012 No significant assays
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----------------------------------------------------------------
BRH-013 1920-2000 80 0.146 24.4 4.987
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includes 1920-1965 45 0.237 13.7 8.105
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Reported grades are based on the average of original assays,
check assays and duplicates.
Reported grades are based on the average of original assays, check
assays and duplicates.
The second drill hole, BRH-012, located approximately 1,900 feet west
of hole BRH-013 intersected several zones of altered and oxidized
lower-plate carbonate rocks with elevated levels of arsenic and other
trace elements. Gold values in hole BRH-012 are not significantly
anomalous. Both holes were drilled to a depth of 2,200 feet.
Drill samples were collected with a reverse circulation drill using
five-foot sample intervals. All samples were sent to Inspectorate
Laboratory of Sparks, Nevada for sample preparation and analysis. Gold
assays were done using standard fire assay techniques on 30-gram pulps
with atomic absorption finish. Strict quality control/quality
assurance ("QA/QC") protocols are followed including the insertion of
standards, duplicates and blanks into the sample stream. Re-assaying
the mineralized interval in hole BRH-013 verified the original results
as shown in the following table:
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Interval First assay Re-assay First assay Re-assay
(ft) (g Au/t) (g Au/t) (oz Au/t) (oz Au/t)
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BRH-013
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1920-1925 3.910 3.892 0.114 0.114
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1925-1930 10.750 12.840 0.314 0.375
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1930-1935 13.350 13.560 0.390 0.396
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1935-1940 10.390 10.100 0.303 0.295
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1940-1945 4.050 3.706 0.118 0.108
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1945-1950 2.363 2.364 0.069 0.069
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1950-1955 6.650 6.680 0.194 0.195
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1955-1960 8.910 9.240 0.260 0.270
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1960-1965 11.027 12.100 0.322 0.353
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1965-1970 0.850 0.806 0.025 0.024
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1970-1975 0.946 0.890 0.028 0.026
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1975-1980 0.875 0.858 0.026 0.025
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1980-1985 1.135 1.142 0.033 0.033
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1985-1990 0.416 0.448 0.012 0.013
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1990-1995 0.359 0.380 0.010 0.011
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1995-2000 2.340 2.252 0.068 0.066
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Average 1920-2000 4.895 5.079 0.143 0.148
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The data disclosed in this press release have been reviewed and
verified by Miranda Senior Geologist Steven Koehler, P. Geo., BSc.
Geology and Qualified Person as defined by National Instrument 43-101.
Barrick has a drill-rig on site to follow up and off-set mineralization
in BRH-13 with at least two additional drill holes.
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 (a partnership between Barrick
Gold and Kennecott Explorations Ltd.), the Buckhorn Joint Venture (a
partnership between Barrick Gold and Teck Cominco), Golden Aria Corp,
Romarco Minerals Inc., and White Bear Resources.
ON BEHALF OF THE BOARD
"Kenneth Cunningham"
Kenneth Cunningham
President and CEO
For more information visit the Company's web site at
www.mirandagold.com or contact Fiona Grant, Investor Relations
1-877-689-4580. |
