re: Ann: Drilling commences at Angel Wing gol...
VANCOUVER, British Columbia, Oct 19, 2010 (BUSINESS WIRE) -- Miranda Gold Corp. ("Miranda") /quotes/comstock/11v!e:mad (CA:MAD 0.66, 0.00, 0.00%) announces that drilling has started at Angel Wing, a sediment-hosted gold and epithermal vein project in Eureka County, Nevada. Miranda's exploration funding partner Ramelius Resources Ltd. ("Ramelius") (asx:RMS) plans to drill a total of 4,000 ft (1,212 m) in up to eight drill holes.
Reverse circulation drilling will test the lateral and down dip continuity of the veins and assess their gold and silver content in three unique target areas. In addition to the vein targets, drilling will also assess a sediment-hosted gold target where anomalous gold in soil and rock samples correlates with decalcified and silicified limestone.
Project Details
The Angel Wing project consists of 87 unpatented lode claims (7.3 sq. km.) in northeast Elko County, Nevada. Past work consisted of mapping, soil and rock sampling, and gravity. High-grade, surface rock chip samples up to 2.7 oz Au/t (92.5 g Au/t) occur in steeply dipping, quartz-calcite-adularia bonanza veins within Triassic limestone. The high-grade veins remain untested by drilling in a zone measuring one mile (1.6 km) along strike, 1,200 ft wide (366 m), and at depth. Surface sampling also identified disseminated, sediment-hosted gold mineralization up to 0.44 oz Au/t (1.507 g Au/t) in altered Paleozoic and Tertiary rocks. Historic shallow, vertical drilling targeted disseminated mineralization and returned up to 0.047 oz Au/t over 50 ft (1.609 g Au/t over 15.2 m) in drill hole DC-7.
The data disclosed in this press release have been reviewed and verified by President & CEO Ken Cunningham, P.Geo, BSc. Geology and Qualified Person as defined by National Instrument 43-101.
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