Miranda Gold Reports Final Drill Results From Red Hill And Coal Canyon Projects
Miranda Gold Corp. (“Miranda”) (TSX-V: MAD ) is pleased to announce final drill results from its Red Hill and Coal Canyon projects in Eureka County, Nevada. Miranda's funding partner for both these projects, NuLegacy Gold Corporation (TSX-V: NUG), completed a total of nine reverse circulation holes, eight at Red Hill for a total of 10,180 ft (3,102.9 m) and one at Coal Canyon for 1,485 ft (452.6 m). The three Red Hill holes, RHM11-010 through -012 totaling 3,385 ft (1,031.7 m), and the Coal Canyon hole, RHCC11-001, were completed since the last Red Hill press release of August 31, 2011.
Miranda is encouraged that NuLegacy's last drill hole at Red Hill, RHM11-012 intersected significant gold mineralization and looks forward to NuLegacy's continued drill evaluation in 2012. The following table summarizes all significant gold intercepts in NuLegacy's drilling at Red Hill and Coal Canyon for 2010 and 2011. Significant intercepts are gold grades of 0.010 oz Au/ton (0.343 g Au/t) or better over intercepts of at least 5 ft (1.5 m). The significant gold intercepts are in stratigraphic units equivalent to those that host gold mineralization in the Cortez District.
|Drill Hole||Depth-||Intercept-||Length-ft*||oz||Length-||g||Date reported|
|RHM10-001||1300||670-680||10||0.016||3.0||0.546||January 13, 2011|
|includes||675-680||5||0.019||1.5||0.622||January 13, 2011|
|RHM10-002||1200||970-1000||30||0.012||9.1||0.409||January 13, 2011|
|includes||995-1000||5||0.020||1.5||0.702||January 13, 2011|
|RHM10-003||1200||No significant intercepts||January 13, 2011|
|RHM10-004||1220||No significant intercepts||August 31, 2011|
|RHM11-005||1460||No significant intercepts||August 31, 2011|
|RHM11-006||1500||645-660||15||0.027||4.6||0.923||July 6, 2011|
|includes||650-655||5||0.055||1.5||1.874||July 6, 2011|
|RHM11-007||980||No significant intercepts||August 31, 2011|
|RHM11-008||1440||No significant intercepts||August 31, 2011|
|RHM11-009||1415||980-995||15||0.017||4.6||0.610||August 31, 2011|
|RHM11-010||1385||No significant intercepts||November 3, 2011|
|RHM11-011||1000||No significant intercepts||November 3, 2011|
|RHM11-012||1000||445-460||15||0.025||4.6||0.841||November 3, 2011|
|RHCC11-001||1485||No significant intercepts||November 3, 2011|
*True widths of drilled gold intercepts cannot be determined at this time. Gold grades in oz Au/ton are calculated from original data in g Au/t.
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