With active projects, a successful joint venture business model,
and promising opportunities for expansion
Miranda Gold Corp. is a very attractive company.
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 Gold 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 Gold has ongoing partnerships with Newcrest Resources Inc., Barrick Gold Exploration Inc., the Cortez Joint
Venture (Barrick/ Kennecott Exploration), the Buckhorn Joint Venture (Barrick Gold/Teck Cominco), Romarco Minerals
Inc., White Bear Resources Inc., and Piedmont Mining Company Inc. As a successful executer of the Joint Venture
business model, Miranda Gold has been called the preferred partner by companies such as Barrick Gold.
Miranda Gold also boasts one of the best technical teams in the state. The company has five full-time geologists in
Elko, Nevada, a team that is accountable for over 20 million ounces of gold discovered in Nevada attributed to nine
gold discoveries. The team is highly regarded amongst industry professionals as well as several newsletter writers and
analysts.
In 2006, a total of six properties were drilled with expenditures of US$1.9 million by joint venture partners. These
properties included Red Hill, Horse Mountain, Redlich, Red Canyon, BPV-CONO, and Coal Canyon. Gold mineralization
was encountered on three properties. Significant drill results were as follows:
- Red Hill: 45 feet of 0.237 oz Au/t (13.7 meters of 8.1 g Au/t)
- Horse Mountain: 90 ft of 0.022 oz Au/t (27. 4 meters of 0.753 g Au/t) and 50 ft of 0.017 oz Au/t (15.2
meters of 0.998 g Au/t)
- Redlich: 5 feet of 0.375 oz Au/t (1.5 meters of 12.85 g Au/t); 5 feet of 0.139 oz Au/t (1.5 meters of 4.77 g
Au/t); and 5 feet of 0.191 oz Au/t (1.5 meters of 6.53 g Au/t)
Two new joint ventures were signed (Romarco Minerals Inc. at Red Canyon and White Bear Resources at Iron Point)
and one new property (Lookout Mountain) was acquired.
Redlich Project
The Red Hill project, joint ventured to Barrick Gold Exploration Inc., comprises 79 lode mining claims that are located
in the JD Window of the northeast Simpson Park Range. Extensive hydrothermal activity has caused clay alteration,
decalcification, widespread iron oxide staining and silicification. The JD Window is one of five unique carbonate
windows along a 35 mile, west northwest-striking corridor through the Shoshone, Cortez and Simpson Park Ranges.
This belt of carbonate windows coincides with the Cortez Gold Trend. In 2006, Barrick drilled two deep holes in the
pediment to test for mineralization in favorable lower-plate carbonate rocks. The second of the two holes (BRH-013)
that Barrick drilled intersected 45 feet of 0.237 oz Au/t (13.7 meters of 8.1 g Au/t). While one hole does not make a
discovery both Barrick and Miranda Gold are excited by this drill hole. In December 2006, Barrick drilled an additional
two holes off-setting BRH-013. Those drill results are still pending. Barrick will return in 2007 with an aggressive drill
program. Barrick is required to spend at least US$600,000 by October 2007.
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Horse Mountain Property
The Horse Mountain property, which was joint ventured to Barrick in 2005, lies approximately 11 miles west of
the Cortez Joint Venture Pipeline Mine Complex and was identified by Placer Dome U.S. Inc. as a strategic area of
interest following the Cortez Hills discovery in 2002. The property comprises 139 claims that cover 2 square miles
of hydrothermally altered chert and quartzite in the upper plate of the Roberts Mountains thrust. Below the thrust,
drilling intersects altered and gold bearing lower plate carbonate rocks. 2006 drill results included two significant
intercepts; a 90 ft interval of 0.022 oz Au/t (27. 4 meters of 0.753 g Au/t) and a 50 ft interval of 0.017 oz Au/t (15.2
meters of 0.998 g Au/t). Although both companies were encouraged by the results, Barrick intends to terminate the
JV agreement. Miranda Gold geologists still believe that further drilling is warranted to better understand the gold
system occurring at Horse Mountain. A new JV partner is currently being sought.
Redlich Project
The Redlich project is located along the Walker Lane structural corridor. The prospect is a low-sulfidation epithermal
system with a geologic setting similar to other Walker Lane precious metal systems. The Redlich project presents
the potential to discover both high-grade banded quartz veins and bulk-tonnage stockwork mineralization. The
property is joint ventured with Newcrest Resources Inc. Since 2004, 61 drill holes totaling 37,564 feet (11,450 meters)
have been completed on the project. Of particular note in 2006 were intervals of 5 feet of 0.375 oz Au/t (1.5 meters
of 12.85 g Au/t) within a 60-foot interval of 0.043 oz Au/t (18.3 meters of 1.47 g Au/t) in hole R-77, and 5 feet of 0.139
oz Au/t (1.5 meters of 4.77 g Au/t) and 5 feet of 0.191 oz Au/t (1.5 meters of 6.53 g Au/t) in hole R-90. Redlich has
committed to drilling a total of 10 drill holes by mid-2007.
Red Canyon Project
The Redlich project is located along the Walker Lane structural corridor. The prospect is a low-sulfidation epithermal
system with a geologic setting similar to other Walker Lane precious metal systems. The Redlich project presents
the potential to discover both high-grade banded quartz veins and bulk-tonnage stockwork mineralization. The
property is joint ventured with Newcrest Resources Inc. Since 2004, 61 drill holes totaling 37,564 feet (11,450 meters)
have been completed on the project. Of particular note in 2006 were intervals of 5 feet of 0.375 oz Au/t (1.5 meters
of 12.85 g Au/t) within a 60-foot interval of 0.043 oz Au/t (18.3 meters of 1.47 g Au/t) in hole R-77, and 5 feet of 0.139
oz Au/t (1.5 meters of 4.77 g Au/t) and 5 feet of 0.191 oz Au/t (1.5 meters of 6.53 g Au/t) in hole R-90. Redlich has
committed to drilling a total of 10 drill holes by mid-2007.
Fuse Property
The Fuse property, comprised of 193 unpatented lode mining claims covering approximately 6 square miles in Horse
Creek Valley, is located within the southeast extension of the prolific Cortez Trend within the Battle Mountain - Eureka
gold belt, approximately 10 miles east of Barrick Gold’s ET Blue Property. The Fuse claims are staked on alluvial cover
over gravity highs that suggest relatively shallow bedrock. Several prominent west-northwest-trending and northnorthwest-
trending structural features are also expressed in the gravity data. The property is joint ventured with the
Cortez Joint Venture (Fuse East) and the Buckhorn Joint Venture (Fuse West), both operated by Barrick Gold. Drilling is
expected on the property in 2007, with a minimum work requirement of $175,000.
Iron Point Project
The Iron Point Project area covers 5.8 square miles (14.9 square kilometers) consisting of 178 unpatented lode mining
claims. The project is favorably located at the intersection of the Battle Mountain-Eureka trend with the Getchell
Trend. Major producing mines within a 25-mile radius of the project represent over 30 million ounces of mined
and remaining gold reserves. Airborne magnetic surveys conducted by the US Geological Survey suggest multiple
strands of the ore-controlling Getchell fault system cut through the project area. Miranda Gold and White Bear
Resources Inc. signed a joint venture agreement on the property in November 2006.
Other Miranda Gold properties include: Angel Wing, BPV& CONO, Coal Canyon, Dame & ETTU, JDW, PPM, and Lookout
Mountain.
Kenneth Cunningham - President, Chief Executive Officer and Director
Mr. Cunningham brings over thirty years of experience from diversified mineral exploration and mining geology through to executive management. Eighteen of these years have been focused in Nevada. Recently, Mr. Cunningham has been Vice President of Nevada North Resources (U.S.A.) Inc. where he acquired eight new properties and successfully negotiated leases with major mining companies including Newmont, Placer Dome, Newcrest and Barrick. Previously, he has been Exploration Manager with Uranerz U.S.A. Inc. During his tenure with Uranerz Mr. Cunningham led the exploration and acquisition effort that resulted in two Nevada discoveries; a four-million ounce discovery in the Battle Mountain trend and a one-plus-million ounce discovery in the northern Carlin trend. He was also instrumental in establishing, and subsequently managing, Uranez' Mongolian gold exploration program. Mr. Cunningham has also been Vice President of Tenneco Minerals Company and a Resident Manager with Echo Bay Mining Company.
Joe Hebert - Vice President of Exploration
Mr. Hebert brings 22 years of experience from diversified mineral exploration and mining geology through to senior geologist and exploration management. 15 of these years have been focused in Nevada. Most recently, Mr. Hebert has been senior exploration geologist for the Cortez Joint Venture (Placer Dome and Kennecott Minerals) located on the Battle Mountain Trend in North Central Nevada. He was a member of the exploration team who discovered the +5.5 million ounce Cortez Hills deposit. During his tenure at Cortez he directed all generative and acquisition efforts within the joint venture area of interest. This included identifying and advancing the pediment-covered ET Blue Project where ore-grade intercepts are reported and intensive exploration work continues. He also secured, for the Cortez Joint Venture, an extensive land holding adjacent to the Horse Creek area. Mr. Hebert is credited with team participation in multiple gold discoveries in Nevada and Utah over the course of his career.
This is the third time in the last eighteen years that Mr. Hebert and Mr. Cunningham have worked together. Each of the previous associations has resulted in successful exploration discoveries in Nevada.
Investor Relations:
Fiona Grant
Manager, Investor Relations
Telephone: (604) 689-4580
Fax: (604) 801-5911
Toll Free: 1-877-689-4580
Email: fiona@mirandagold.com
Miranda Gold Corp.
Unit 1 - 15872 Marine Drive
White Rock, B.C.
Canada V4B 1E6
Telephone: (604) 536-2711
Fax: (604) 36-2788
Email: mad@mirandagold.com
Web site: www.mirandagold.com
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Disclaimer:
The information herein may contains forward looking statements based on assumptions and judgments of the management of the Miranda Gold Corp. regarding events or results that may prove to be inaccurate as a result of exploration or other risk factors beyond its control. Actual results may differ materially from the expected results. All statements herein, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Miranda Gold Corp. expects are forward-looking statements. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. The material contained herein is for information purposes only and is not and is under no circumstances intended to constitute an offer to sell or a solicitation to buy any securities or a recommendation as to the purchase of any securities.
The forward-looking statements contained in this company profile are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995. The information contained herein has been obtained from the above featured company as well as the other publicly available sources and is believed to be accurate. Although reasonable efforts have been made to compile this data with care, neither Investcom, its employees, officers or directors guarantees the accuracy or completeness thereof, nor shall any of them be liable to the user or to any other person, firm or corporation whatsoever for any inaccuracies, errors or omissions contained herein nor for any damages
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