Miranda Applies For Four Exploration Licenses in the Antioquia Batholith, Colombia
August 12 2013 - 7:00AM
Business Wire
Miranda Gold Corp. ("Miranda") (TSX-V: MAD) has applied
to the Agencia Nacional de Mineria (ANM) for four exploration
licenses in two prospective areas in the Antioquia Batholith.
Miranda made the applications on July 2, 2013, the day that a two
year moratorium for applications in Colombia was lifted. The
applications together cover approximately 5600 hectares. The
applications are from 48 to 139 km northeast of Medellin in the
Antioquia Department.
Exploration work and the new application costs were funded under
the strategic alliance with Agnico Eagle Mines Limited. Additional
work will determine whether the areas meet the criteria of a
Designated Property pursuant to the alliance (see Press Release
February 19, 2013).
Miranda’s work in the Antioquia Batholith is focused on
generating projects that contain target analogues to Gramalote
(intrusive-related sheeted-vein gold mineralization) or San Ramon
(mesothermal gold in shear zone). Gramalote is being explored by
AngloGold Ashanti and B2Gold Corp and San Ramon is owned by Red
Eagle Mining Corporation. Both Gramalote and San Ramon are in the
mine permitting stage, which confirms the Antioquia Batholith as a
productive exploration domain.
These new applications were generated by following the same
generative process that resulted in Miranda’s Minagrande
acquisition in May of this year. At Minagrande, the primary target
is a 4 km long gold-anomalous fault and shear zone. It was
recognized by detecting illite-kaolinite-alunite anomalies that
were associated with significant structural zones in a regional
structural domain that contains the Gramalote deposit. Based on
Miranda’s in-house processing and investigations, illite occurs as
a stable clay in most significant gold systems and significant
ASTER (Advanced Spaceborne Thermal Emission and Reflection)
anomalies are associated with several known deposits in Colombia.
The new applications also occur in areas where historic government
reports indicate anomalous metal values and the presence of
alluvial gold operations.
Miranda has begun reconnaissance prospecting on these new
applications and has also initiated a 4 km by 1 km soil grid at the
Minagrande project. This soil grid sampling will focus on the
Minagrande fault-shear zone target. Following the sampling it is
anticipated that anomalous areas will be trenched, including an
outcropping altered area in the shear zone where gold-bearing
samples have been collected.
Data disclosed in this press release, have been reviewed and
verified by Vice President of Exploration Joseph Hebert, C.P.G.,
B.Sc. 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 Colombia and whose emphasis is on generating gold
exploration projects with world-class discovery potential. 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 relationships with Agnico Eagle Mines Ltd., Montezuma
Mines Inc., Prism Resources Inc., Ramelius Resources Ltd., and Red
Eagle Mining Corporation.
ON BEHALF OF THE BOARD
"Kenneth Cunningham"
Kenneth CunninghamPresident and CEO
For more information visit the Company's web site at
www.mirandagold.com or contact Joe Hebert, Vice President,
Exploration at 775-738-1877.
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.
U.S. investors are cautioned that mineral deposits on adjacent
properties are not indicative of mineral deposits on our
properties. We advise U.S. investors that the SEC's mining
guidelines strictly prohibit information of this type in documents
filed with the SEC. This news release contains forward-looking
statements that are based on the Company's current expectations and
estimates. Forward-looking statements are frequently characterized
by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans to
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty therein.
Miranda Gold Corp.Joe Hebert, 775-738-1877Vice President,
Exploration
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