Follow-up Drilling On 0.413 oz Au/ton Drill Intercept Starts at Miranda Gold′s Angel Wing Project
Miranda Gold Corp. ('Miranda?) (TSX-V: MAD) is pleased to
announce that Ramelius Resources Ltd. ('Ramelius?) (ASX:RMS), our
funding partner at Angel Wing, has started follow-up drilling to further
test high-grade gold mineralization of 5 ft (1.5 m) of 0.413 oz Au/ton
(14.15 g Au/t) in hole AW12-06 completed in August (see August 30, 2012
press release). The mineralization is associated with an annular
magnetic anomaly 1,200 ft (400 m) in diameter and is the best gold
intercept at Angel Wing. Ramelius plans to drill approximately 3,500 ft
(1,067 m) in three reverse-circulation holes. This will be the third and
final phase of drilling for the 2012 year. Ramelius also plans to file a
Plan of Operations which will allow for an expanded drill program in
2013. Angel Wing is an epithermal vein and sediment-hosted gold project
in northeast Elko County, Nevada.
Angel Wing currently has seven gold target areas identified by geologic
mapping of quartz-calcite veins with distinctive 'angel wing' textures,
rock and soil geochemistry, and geophysics. To date, Ramelius has
drill-tested six of the target areas with a total of 29 holes
aggregating 14,941 ft (4,554 m).
All data disclosed in this press release, including sampling, analytical
and test data, 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,
Alaska 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 partnerships with
Agnico-Eagle (USA) Inc., Montezuma Mines Inc., Navaho Gold Ltd.,
NuLegacy Corporation, Ramelius Resources Ltd., and Red Eagle Mining
Corporation.
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 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, 775-738-1877
Vice
President, Exploration
www.mirandagold.com
