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Miranda Gold Intersects 14.15 g/t Gold at 1.5m at Angel Wing Project
Aug. 30, 2012 09:27AM PST
Gold InvestingMiranda Gold Corp. (TSXV:MAD) reported encouraging results from a second phase of drilling at Angel Wing. A four-hole drill program, conducted by Ramelius Resources Ltd (ASX:RMS), Miranda’s funding partner at Angel Wing, showed three of the four holes intersected significant gold, with a high of 1.5 m at 14.15 g Au/t.
Miranda Gold Corp. (TSXV:MAD) reported encouraging results from a second phase of drilling at Angel Wing. A four-hole drill program, conducted by Ramelius Resources Ltd (ASX:RMS), Miranda’s funding partner at Angel Wing, showed three of the four holes intersected significant gold, with a high of 1.5 m at 14.15 g Au/t.
As quoted in the press release:
AW12-06 was a re-drill of a 2011 hole that failed to penetrate post-mineralization rhyolite tuff and AW12-08 was designed to pierce a magnetically inferred rhyolite breccia pipe 330 ft (85 m) north of the intercept in AW12-05 and below the tuff. The mineralized intercepts in AW12-06 and AW12-08 represent lateral dispersion of gold within highly permeable Tertiary conglomerate and decalcified Paleozoic limestone both of which occur below the rhyolite tuff. The mineralization at the conglomerate-limestone interface remains open to the north, west, east and for 1,150 ft (350 m) to the south.