Miranda Reports Drill Results At Pavo Real Project In Colombia
Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce drill results from its Pavo Real project in Colombia. Miranda’s funding partner Red Eagle Mining Corporation (“Red Eagle”) (TSX-V: RD) drilled 11,150 ft (3,400 m) in nine holes in this initial program.
Drilling was focused on determining structural controls to mineralization, with targets including quartz veins and veinlet systems in sedimentary host rocks and hydrothermal breccias. Ongoing exploration work and these drill results will be used to design a follow-up drill program.
The following table summarizes significant intercepts. Significant intercepts are values of 0.010 oz Au/t (0.343 g Au/t) or better. True widths are estimated to be 90% of the drill interval and vertical depths are estimated to be 70% of the interval depths.
|Drill Hole||Interval -ft||Length -ft||oz Au/t||Interval -m||Length -m||g Au/t|
Miranda and Red Eagle are encouraged by the numerous anomalous intercepts. This initial phase of drilling partially tested targets near the La Cruzada adits, the Quebrada Virgen adit and a breccia on the west side of the property. Yet to be drill tested is a target on the southeast portion of the property where sandstone and limestone are in contact with intrusive rocks. Red Eagle anticipates testing this area for sediment-hosted disseminated mineralization once a drill permit is issued.
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