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Re: News Releases - Monday, October 15, 2007
Core Drilling Results From Miranda Gold's Redlich Property
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Miranda Gold Corp. ("Miranda") (TSX-V: MAD) reports results from a 2007
core drilling program at the Redlich project in Esmeralda County,
Nevada. Newcrest Resources Inc. ("Newcrest"), Miranda's joint venture
partner, completed 2,376.5 ft (724.5m) of oriented core drilling in two
holes. The holes were designed as offsets to drill hole R-73, a
reverse-circulation hole that intersected 55 ft of 0.046 oz Au/t and 10
ft of 1.037 oz Au/t (16.8m of 1.575 g Au/t and 3.1m of 35.514 g Au/t,
respectively).
In drill hole RD-1, significant low-grade gold was intersected from 210
to 265 ft (64.0 to 80.8m) in iron stained to gossanous andesite. No
high-grade intercepts were encountered in either offset to drill hole
R-73. Significant drill results are defined as mineralization grading
better than 0.01 oz Au/t (0.343 g Au/t) over a 5-ft (1.5 m) length.
Significant drill hole mineralized intervals are summarized below:
Hole Interval Length Grade Length Grade
Number (ft) (ft) (oz Au/t) (m) (g Au/t)
RD-1 210-265 55 0.028 16.8 0.970
410-415 5 0.014 1.5 0.478
435-440 5 0.011 1.5 0.365
885-890 5 0.011 1.5 0.375
1,010-1,015 5 0.011 1.5 0.367
1,050-1,070 20 0.020 6.1 0.687
RD-2 780-785 5 0.010 1.5 0.361
955-960 5 0.015 1.5 0.514
1,020-1,025 5 0.013 1.5 0.450
In total, Newcrest has completed 40,568 ft (12,368 m) of drilling in 63
holes at Redlich. Drilling has focused on a northwest-trending fault
corridor hosting high-grade gold in low-sulfidation quartz veins and
thick, continuous zones of disseminated / quartz stockwork-hosted gold
surrounding the high grade veins.
Drill samples were collected with a
Diamond core drill. Sample
intervals of half core were typically collected on five-foot (1.5m)
intervals, but in some instances sampled based on geologic contacts.
All samples were sent to Inspectorate America Corp. of Sparks, Nevada
for sample preparation and analysis. Gold results were determined
using standard fire assay techniques on 2 assay ton (60 g) samples with
an atomic absorption finish. Screen fire assays were not completed on
these samples. Strict quality control/quality assurance ("QA/QC")
protocols are followed including the insertion of standards and blanks
into the sample stream.
Miranda geologists have not had the opportunity to review geologic logs
or cut core from holes RD-1 and RD-2. Miranda anticipates examining
these data at an upcoming Joint Venture meeting.
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
Newcrest Resources Inc., Barrick Gold Exploration Inc., the Cortez
Joint Venture, the Buckhorn Joint Venture, Romarco Minerals Inc.,
Piedmont Mining Company Inc. and White Bear Resources Inc.
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 Fiona Grant, Manager, Investor Relations
1-877-689-4580.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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.
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Copyright (c) 2007 MIRANDA GOLD CORP. (MAD) All rights reserved. For
more information visit our website at http://www.mirandagold.com/ or
send mailto:fiona@mirandagold.com
Message sent on Mon Oct 15, 2007 at 3:36:53 PM Pacific Time
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