======================================================================
Re: News Releases - Thursday, March 20, 2008
Mine Development Associates Data Review Supports Upside Potential
at Miranda Gold Corp.'s Redlich Project
======================================================================
Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce the
results of a data review conducted by Mine Development Associates
("MDA") for its Redlich Project, an epithermal vein target located in
the Walker Lane mineral belt of Nevada. MDA states in its findings that
the data provides good insight into the project and that there is
strong evidence for the existence of a real, and potentially
substantial, epithermal deposit on the property.
In order to refine and enhance drill targets, Miranda requested that
MDA review drill and assay data collected during the previous
exploration programs at Redlich. The review consisted of a statistical
analysis and examination of data in three-dimensional views. The intent
of the review was to assess potential continuity of higher-grade
mineralization and to model the epithermal vein system present on the
property.
MDA found that 55% of all drill-hole samples grading over 0.029 oz Au/t
(1 g Au/t) line up roughly along an approximate east-west plane dipping
45 degrees to the south. The strike length of this plane is
approximately 1,150ft (350 m) long and extends down dip approximately
590ft (180 m). All drill holes that intersect this plane as defined
above have reported gold intercepts greater than 0.029oz Au/t (1 g
Au/t). The best intercept in the plane is 1.945 oz Au/t (66.6 g Au/t).
Two high-grade drill samples of 0.438 oz Au/t (15 g Au/t) and 0.788 oz
Au/t (27 g Au/t) occur to the southeast of the defined plane at a
distance of 1,065ft (325m) and 5,000ft (1,525m), respectively.
According to MDA, these high-grade drill intercepts remain open and
only partially tested and represent potential for additional parallel
vein sets.
By evaluating gold and silver grade changes by elevation, MDA found
evidence for a favorable horizon for precious metal deposition. Gold
values show an increase between 4,265ft (1,300m) and 4,755ft (1,450m)
in elevation. For silver, the trend is more profound and suggests a
lower horizon favorable for the deposition of this metal, a
characteristic not unusual for epithermal precious metal deposits.
Miranda's geologic team believes this favorable elevation represents
the "boiling zone" at which gold was precipitated from hot fluids
during mineral deposition.
MDA suggests that further exploration is justified and that it should
concentrate on the orientation of the best-fit plane as well as around
the two isolated drill intersections of +0.438 oz Au/t (15 g Au/t).
Miranda is also pleased with the results of the Redlich data review.
Prior exploration drilling was oriented with the belief that the vein
trended in a northwesterly direction. "MDA's identification and
documentation of a best-fit plane to higher-grade gold as well as a
favorable vertical horizon for precious metal deposition has helped
resolve remaining potential on the project. These results will
contribute to the efficient design of subsequent drill programs",
stated Joe Hebert, Miranda's VP of Exploration in Elko, Nevada.
Miranda will provide the report to interested parties with the goal of
securing a new joint venture partner to further test these targets.
An illustration of the best-fit plane for Redlich gold mineralization
is available on Miranda's website at
http://www.mirandagold.com/s/Redlich.asp. A video of the three
dimensional model will be posted on the website once it is made
available to Miranda.
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
and has been approved by MDA.
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.
======================================================================
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 Wed Mar 19, 2008 at 5:03:32 PM Pacific Time
======================================================================
.
![]()