Feb 18, 2010
Miranda Stakes Pediment Play Near Its Red Canyon Project
Vancouver, BC, Canada - February 18, 2010 - Miranda Gold Corp. ("Miranda") (TSX-V: MAD)
Miranda staked 39 contiguous claims that comprise the HOG Project approximately 1970 ft (600 m) northeast of its Red Canyon Project, Eureka County, Nevada. Seventeen of these claims are within the Red Canyon Project area of interest, and will be included in the lease option agreement with Red Canyon Corporation, the underlying owner, and the exploration agreement with Montezuma Mines, Inc, a wholly owned subsidiary of CMQ Resources Inc., and Miranda's exploration funding partner at Red Canyon.
The HOG property is 1.9 mi (3 km) east of US Gold's Tonkin Springs gold deposits and bounded on the east and west by Bravo Ventures Group, Inc. ("Bravo") claims comprising their Pete Hanson project. Bravo reports the presence of "auriferous lower plate carbonate rocks and jasperoid" locally on the eastern and southern portions of their Pete Hanson Project with "grab samples of altered rock containing anomalous gold values of 0.3 to +3.0 g/t Au". Similarly, Miranda has silicified lower-plate carbonate rocks on the south end of the new claim block. The remainder of the project area is covered by pediment. The Hog Project may be within the large gold system footprint of the Tonkin Springs, Red Canyon and the Pete Hanson projects.
Miranda plans to advance the project and identify targets by mapping and sampling the bedrock portion of the claims, and by fault and lineament projection into the pediment.
In keeping with Miranda's business model as a prospect generator, a joint venture partner will be sought to explore the HOG project for those 22 NC claims that fall outside of the Red Canyon area of influence.
The data disclosed in this press release have been reviewed and verified by Company Senior Geologist Steven Koehler, CPG, BSc. Geology and Qualified Person as defined by National Instrument 43-101.
