why isnt this in the update? Probably saving it for a rainy day...not good disclosure. Miranda Gold Corp Unit 1 - 15782 Marine Drive White Rock, B.C. V4B 1E6 Tel: (604) 536-2711 Fax: (604) 536-2788 Email: [email protected] TSX Venture Exchange Symbol: MAD Frankfurt and Berlin Stock Exchange Symbol: MRG NASD OTC Bulletin Board Exchange Symbol: MRDDF
Jun 21, 2012 Gold in Lower Plate Limestone at Miranda Gold's Big Blue Project Vancouver, BC, Canada - June 21, 2012 - Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce that Ramelius Resources Ltd. ("Ramelius") (ASX: RMS), our funding partner at Big Blue, a sediment-hosted gold project in Lander County, Nevada, has completed its Phase III drilling. Ramelius drilled a total of 2,860 ft (871.7 m) in two reverse-circulation holes. Both holes intersected anomalous gold mineralization in the carbonate section of the lower plate of the Roberts Mountains Thrust ("RMT").
This third round of drilling by Ramelius provided additional tests of structural and geochemical trends along Anomaly Ridge within the West Cottonwood Prospect and demonstrates potential for the carbonate stratigraphy in the lower plate of the RMT to host significant gold mineralization. Rock units on the surface of Anomaly Ridge are primarily siliceous siltstones, argillites, and cherts of the upper plate of the RMT and generate gold values in soil samples up to 0.025 oz Au/ton (0.850 g Au/t), in rock samples up to 1.70 oz Au/ton (58.2 g Au/t), and in drill samples up to 0.178 oz Au/ton (6.110 g Au/t). Additionally, Phase II drill hole BBR11-05 intersected highly anomalous pathfinder elements in the lower plate of the RMT with values up to 1,360 ppm arsenic, 116 ppm antimony, and 5.4 ppm mercury. These elements generally form abundance highs near gold mineralization.
All holes drilled to date at Big Blue have intersected detectable gold mineralization. The following table summarizes significant drilled gold intersections (defined as those gold grades of 0.01 oz Au/ton (0.343 g Au/t) or higher over intersections of 5 ft (1.5 m) or longer) for the 2011 and 2012 drilling. The anomalous and significant intercepts in Phase I and II drilling are in the upper-plate of the RMT. Better host rocks for sediment-hosted gold mineralization are considered to be the limestone formations beneath the RMT and the Phase III significant gold intersections below 1,000 ft (305 m) are in these limestones.
MEU Price at posting:
3.6¢ Sentiment: None Disclosure: Held
