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Re: News Release - Wednesday, November 07, 2007
Second Project Being Drilled as Drilling Commences on Miranda
Gold's Red Canyon Project
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Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce that
its joint venture earn-in partner Romarco Minerals Inc. ("Romarco") has
commenced reverse-circulation drilling at the Red Canyon project,
located in the Battle Mountain-Eureka Trend, Eureka County, Nevada. A
6,000 ft (~1,830m) drilling program is anticipated in three unique
target areas.
Romarco's drilling will test for extensions to gold mineralization at
the Ice Prospect, where a previous hole intersected 95 ft of 0.117 oz
Au/t from 20 to 115 ft (29.0m of 4.01 g Au/t from 6.1 to 35.1m).
Additional drill holes, between the Ice Zone and Gexa Prospects, will
test for deeper gold zones identified by the 2005 drilling campaign.
The Red Canyon project consists of 237 unpatented lode mining claims
(7.7 square miles / 19.8 square kilometers) and adjoins U.S. Gold's
Tonkin Springs property to the west. The project covers an erosional
"window" that exposes altered, brecciated and silicified lower-plate
carbonate rocks that are age equivalent to the rocks hosting the Cortez
Hills discovery. Drilling in 2005 by Miranda's previous JV partner
Newmont Mining Corporation identified an extensive hydrothermal system
between the Ice and Gexa target areas. Newmont's holes encountered deep
oxidation, moderate to strong silicification and select intervals of
fluidized breccias. These alteration features combined with elevated
gold confirm the presence of a deeper, previously unrecognized
Carlin-style gold system.
Currently Miranda has two projects being drilled, Red Canyon as just
described, and Red Hill by Barrick Gold Exploration, Inc.
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
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 Wed Nov 7, 2007 at 9:49:39 AM Pacific Time
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