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Re: News Releases - Tuesday, April 22, 2008
Drilling Begins at Miranda Gold Corp.'s Iron Point Project
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Vancouver, BC, Canada -- April 22, 2008 -- Miranda Gold Corp.
("Miranda") (TSX-V: MAD) announces that drilling has begun on its Iron
Point project, currently under an exploration funding agreement with
White Bear Resources ("White Bear"). The planned drill program will
include three holes totaling 4,500 ft (1,400 m) and expenditures of
approximately $270,000.
The Iron Point property is located at the intersection of the Battle
Mountain-Eureka and Getchell gold trends, in southeastern Humboldt
County, Nevada. Drilling at Iron Point will test three target areas. A
zone of northerly trending faults at Iron Point is inferred to be the
southern projection of the Getchell Fault, the major control for
mineralization at the Getchell and Turquoise Ridge mines to the north.
One hole will test a north and northwest trending fault intersection
where favorable limestone shows strong oxidation and silicification.
Soils and rocks are anomalous in the area of alteration.
Multiple significant gold deposits surrounding the Iron Point region
show a close spatial association with the contact of Ordovician age
rocks with either older or younger rock formations. A second drill
hole at Iron Point will test for this contact in an area where nearby
historic holes show thick continuous zones of low-level gold. Miranda
has also identified mercury gas anomalies peripheral to this area. A
third hole will test the footwall of another north trending fault zone
inferred as a possible southern extension of the Getchell Fault. This
fault also defines the favorable contact between Ordovician and older
Cambrian rocks.
Miranda proposes that the Iron Point alteration and gold anomalies with
their associated west-northwest- and northwest-trending dike patterns
may occur within a broad zone of intrusive rocks and interrelated
faults and folds extending west-northwest from the Lone Tree Mine area.
Other significant gold deposits could occur along this trend,
especially where Getchell Trend structures are intersected.
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
Barrick Gold Exploration Inc., the Cortez Joint Venture, the Buckhorn
Joint Venture, Piedmont Mining Company Inc., White Bear Resources Inc.
and Queensgate Resources Corporation.
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) 2008 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 Apr 21, 2008 at 4:22:14 PM Pacific Time
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