VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 22, 2008 -- Miranda Gold Corp. ("Miranda") (CDNX:
MAD.V -
News)(OTC BB:
MRDDF.OB -
News)(Frankfurt:
MRG.F -
News) announces that drilling has begun on its Iron Point
project, currently under an exploration funding agreement
with White Bear Resources ("White Bear"). The planned drill
program will include three holes totaling 4,500 ft (1,400
m) and expenditures of approximately $270,000.
The Iron Point property is located at the intersection of
the Battle Mountain-Eureka and Getchell gold trends, in
southeastern Humboldt County, Nevada. Drilling at Iron Point
will test three target areas. A zone of northerly trending
faults at Iron Point is inferred to be the southern projection
of the Getchell Fault, the major control for mineralization
at the Getchell and Turquoise Ridge mines to the north.
One hole will test a north and northwest trending fault
intersection where favorable limestone shows strong oxidation
and silicification. Soils and rocks are anomalous in the
area of alteration.
Multiple significant gold deposits surrounding the Iron
Point region show a close spatial association with the contact
of Ordovician age rocks with either older or younger rock
formations. A second drill hole at Iron Point will test
for this contact in an area where nearby historic holes
show thick continuous zones of low-level gold. Miranda has
also identified mercury gas anomalies peripheral to this
area. A third hole will test the footwall of another north
trending fault zone inferred as a possible southern extension
of the Getchell Fault. This fault also defines the favorable
contact between Ordovician and older Cambrian rocks.
Miranda proposes that the Iron Point alteration and gold
anomalies with their associated west-northwest- and northwest-trending
dike patterns may occur within a broad zone of intrusive
rocks and interrelated faults and folds extending west-northwest
from the Lone Tree Mine area. Other significant gold deposits
could occur along this trend, especially where Getchell
Trend structures are intersected.
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.
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. Miranda has ongoing partnerships with
Barrick Gold Exploration Inc., the Cortez Joint Venture,
the Buckhorn Joint Venture, Piedmont Mining Company Inc.,
White Bear Resources Inc. and Queensgate Resources Corporation.
ON BEHALF OF THE BOARD
Kenneth Cunningham, President and CEO
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.
The TSX Venture Exchange does not accept responsibility
for the adequacy or accuracy of this release.