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To: LoneClone who wrote (42054)8/25/2009 6:56:44 PM
From: LoneClone  Read Replies (1) | Respond to of 194002
 
Miranda Gold Acquires Sediment-Hosted Gold Target Property

* Press Release
* Source: Miranda Gold Corp.
* On Tuesday August 25, 2009, 9:30 am EDT

finance.yahoo.com

VANCOUVER--(BUSINESS WIRE)--Miranda Gold Corp. ("Miranda") (TSX-V: MAD - News) has leased 76 unpatented lode claims in the Toiyabe Range in Lander County, Nevada, which collectively comprise the Big Blue project. The project covers approximately two square miles (5.2 sq. km) and is located approximately 13 miles (21 km) north of Austin, Nevada.

Miranda’s interest was drawn to the area through a generative program evaluating a number of district-scale stream-sediment anomalies whose character has an affinity with large sediment-hosted gold districts in Nevada.

The property lies on the south margin of the Callaghan Window, a large area with lower-plate carbonate rocks exposed through the Roberts Mountains Thrust. Cambrian- through Silurian-age limestone, siltstone, sandstone and shale are overthrust by Ordovician upper-plate siliceous rocks. The lower-plate sequence in the window and on the Big Blue project includes Roberts Mountain Formation, Hanson Creek Formation, and Pogonip Formation, all of which are favorable hosts to large gold systems in Nevada. A west-northwest structural trend that extends through the central part of the project cuts both upper- and lower-plate rock and is locally altered and mineralized. Altered dikes within this trend are also locally mineralized.

Over one hundred and fifty historic rock samples on the property define an anomalous area approximately 8000 ft (2440 m) long by 1200 ft (370 m) wide with values ranging from non-detectable to a high of 0.017 oz Au/t (0.590 g Au/t). A second smaller anomaly of approximately 2000 ft (610 m) by 1000 ft (300 m) shows surface values ranging from non-detectable to a high of 1.2 oz Au/t (41 g Au/t). This highest value comes from a 3 ft chip sample within a structure within fractured upper-plate argillite and is duplicated by Miranda’s own sampling.

Numerous companies have explored the Callaghan window. The most recent drilling was concentrated to the northeast and southeast of the Big Blue project. Multiple historic holes occur on the Big Blue project but none within the west-northwest-trending anomaly now controlled by Miranda.

The target analogue for the Big Blue project is the Northumberland District in the Toquima Range 39 miles (63 km) south of Austin, Nevada where Fronteer Development Group Inc. is reported to be developing a resource of 3.19 million gold equivalent ounces. Both the Northumberland district and Miranda’s Big Blue project are within lower-plate windows having typical stratigraphy of the major sediment-hosted gold districts in Nevada. Both projects show alteration and mineralization but are off the well-defined Carlin and Cortez Trends. The Northumberland and the Callaghan windows both are associated with similar district-scale stream-sediment anomalies.

Miranda signed a 20-year lease on the 76 Oxen claims. Miranda will pay $10,000 on the first anniversary of the agreement and will make annual advanced royalty payments through the term of the lease. The claims are subject to a Net Smelter Return royalty of 3% that is subject to a buy-down provision.

Miranda will implement an evaluation of the Big Blue property that will include mapping and geochemical sampling. In line with Miranda's business model, a joint venture partner will be sought to further explore the project.

The data disclosed in this press release have been reviewed and verified by the Company’s Senior Geologist Steven Koehler, CPG, BSc. Geology and Qualified Person, as defined by National Instrument 43-101.

Corporate 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. Previous partners include Barrick Gold Exploration Inc., Newmont Mining Inc., Placer Dome (US) Inc., Agnico-Eagle (USA) Inc., Newcrest Resources Inc., Romarco Minerals Inc., Golden Aria Corp., the Cortez Joint Venture and the Buckhorn Joint Venture. Miranda has ongoing partnerships with Piedmont Mining Company Inc., White Bear Resources Inc., Queensgate Resources Corporation, and Montezuma Mines Inc.

ON BEHALF OF THE BOARD

“Kenneth Cunningham”

Kenneth Cunningham
President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Contact:

For more information:
Miranda Gold Corp.
Fiona Grant, 1-877-689-4580
Manager, Investor Relations
www.mirandagold.com



To: LoneClone who wrote (42054)8/25/2009 8:55:27 PM
From: LoneClone  Read Replies (1) | Respond to of 194002
 
PBX Outlines Potential Large Porphyry Target on Sierra Pintada Property
Tuesday August 25, 7:24 pm ET

ca.us.biz.yahoo.com

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 08/25/09) - International PBX Ventures Ltd. (TSX-V:PBX - News) -

The Company is pleased to announce that it has identified several potential porphyry targets on its 100% owned 4,500 hectare Sierra Pintada property which covers 15 kilometers of the Atacama fault system in the Chilean coastal copper-gold belt 650 kilometers north of Santiago.

The most interesting target being a new discovery of a mineralized Au+Cu bearing highly silicified brecciated quartz porphyry dyke extending over 1 kilometer coincident with a large IP chargeability anomaly.

The Company's prior exploration programs on the Sierra Pintada identified two strong copper and gold-bearing mineralised structures, Vina (pronounced Vee-nia) and Gloria, each at least 15 kilometres in length and 50 to 200 metres in width. Wherever these structures emerge from beneath overburden they are the centers of numerous prospect pits, adits and shafts to depth of 50 metres on high grade Cu-Au (Ag,+/-Co) and Au-Cu (Ag) fissure veins from 1-5 metres in width.

In 2007-08 the company performed a deep-penetration 3D Induced Polarization (IP) geophysical survey to test the known high-grade structurally controlled gold and copper showings on the property for potential deeper porphyry bulk-tonnage or iron-oxide-copper-gold targets. The survey covered the Vina, Gloria and Totora Zones and outlined several high priority IP targets including a strong IP target in an unexplored area just to the south of the Vina Zone. Recent field follow-up of this target resulted in the discovery of a mineralized Au+Cu bearing highly silicified brecciated quartz porphyry dyke. This new zone is now referred to as the Futura Zone.

Futura Zone

The discovery of a new Au-Cu bearing mineralized silicified brecciated quartz porphyry dyke coincident with a strong IP target greater than 1 km long is now considered the highest priority target on the Sierra Pintada property.

During a 2009 field evaluation, a silicified brecciated quartz porphyry dyke with up to 30% fine disseminated pyrite running up to 0.685 g/t Au, 6.2 g/t Ag and 0.0365% Cu was discovered directly above the strongest part of the IP target. The IP response suggests that this mineralized Au-Cu bearing porphyry extends north-northeast for over 1 kilometer and is open to the south-southwest possibly outlining a large Au-Cu rich porphyry system in this area.

Gloria Zone

The IP geophysical survey also outlined a buried unexplained 1.2 kilometer long IP target coincident with a 500 meter wide resistivity-low trend striking northeast through the Gloria Zone. This resistivity-low is coincident with part of the main northeast trending Atacama fault system known to host most of the Au bearing zones on the Sierra Pintada property. The IP target is also thought to outline a buried mineralized porphyry system similar to the mineralized porphyry recently discovered in the Fortuna Zone.

Totora Zone

In the Tortora Zone (southern extension of the Gloria Zone) a 500 meter long by 300 meter deep resistivity low anomaly occurs coincident with a gold bearing alteration zone. Recent samples taken from the open cut and from stockpiles returned anomalous Au-Ag with grades of up to 7.86 g/t Au and 7.4 g/t Ag. Several other samples were taken from much smaller hand worked open cuts approximately 2 kilometers to the northeast along strike from the area of active workings and returned high grade values of up to 17.35 g/t Au and 1.8 g/t Ag.

Based on the outline of the resistivity-low anomaly associated with the alteration zone, this area is thought to have the size potential to host a shallow bulk tonnage high grade Au deposit.

Vina Zone

Numerous old trenches, adits and open cuts from 1-10 metres wide, with conspicuous green oxide copper minerals, are present throughout this sector. Chip sampling results from 2004 ranged from 0.2% to 8.0% Cu and 0.1 g/t and 2.5 g/t Au over 1-5 metre widths (PBX NR July 30, 2004).

The geophysical survey over the Vina Zone identified a series of weaker IP targets coincident with the historic Au-Cu workings. These weaker IP targets are unexplained, but the geology and Au-Cu mineralization suggests that the area also has potential to host an IOCG or porphyry Cu-Au system at depth.

George Sookochoff, President & CEO, said that, "We have now defined several high priority targets on the Sierra Pintada property some of which are drill ready. Surface gold/copper mineralization coincident with underlying geophysical IP anomalies, located directly on the Atacama fault system, certainly increases the possibilities for the discovery an open pittable IOCG or porphyry copper-gold system at depth."

About PBX

International PBX Ventures is a Canadian junior mining and exploration company focused on acquisition and development of copper, molybdenum and gold properties in Chile.PBX's flagship project is the 100% owned Copaquire copper-molybdenum-rhenium property, acircum-Pacific style porphyry copper - molybdenum open-pittable deposit similar to other Andean porphyry systems in northern Chile.

PBX's shares trade on the TSX Venture Exchange under the symbol PBX.V.

This news release has been reviewed by Richard T. Osmond, P.Geo. a qualified person consistent with NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS OF INTERNATIONAL PBX VENTURES LTD.

George Sookochoff, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:


Contacts:
International PBX Ventures Ltd.
George Sookochoff
President & CEO
(604) 681-7748 or Toll Free: 1-877-681-1154
(604) 681-0586 (FAX)
www.internationalpbx.com

Source: International PBX Ventures Ltd.