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Ramelius Resources Completes Drilling at Miranda Gold’s Angel Wing Project

Ramelius Resources has finished a 15 hole drilling campaign at the Miranda Gold’s Angel Wing project and has obtained all analyses. This Angel Wing is an epithermal vein and sediment-hosted gold project in the northeastern Elko County in Nevada. The company drilled 1,922.7 m, totaling 12 reverse circulation (RC) holes for 1,682.5 m and three core holes for 240.2 m.

Miranda Gold is confident that all the drill holes of 2011 have cut mineralized gold and silver. The maximum and minimum values of gold and silver encountered from the hole AW11-C01 and AW11-C03 were 0.045 oz/t gold over 1 ft and 4.29 oz/t silver over 5 ft, respectively. The 2011 drilling results doubled the length of the strike and increased the level of the depth of the prominent mineralized gold in the Da Vinci vein. Currently, seven drilling intercepts have shown approximately 175 m of strike length in the Da Vinci vein.

Seven gold targets have been discovered in the Angel Wing project through the surface mapping of calcite-quartz veins along with the typical "angel wing" textures, soil and rock chip geophysics and geochemistry. The 2011 drilling by Ramelius examined five target regions. Excluding one vertical hole, all the holes were angled across the northerly trend of veins and structures. The 2011 drill program examined the Da Vinci vein along with five holes continuously and released the first drill tests of the three further outcropping veins, namely the Botticelli, Raphael and Rossetti.

The company has intersected 20.92 g/t silver over 4.6 m in the hole AW11-04, 26.9 g/t silver over 1.5 m in the hole AW11-06, 1.035 g/t gold over 1.5 m in the hole AW11-07, 0.366 g/t gold over 1.5 m in the hole AW11-08, 15.45 g/t silver over 1.2 m in the hole AW11-C02, 1.248 g/t gold over 4.0 m, 147 g/t silver and 0.635 g/t gold over 1.5 m in the hole AW11-C03, 12.41 g/t silver over 1.7 m and 0.755 g/t gold over 4.0 m in the hole AW11-C01.

Epithermal veins that are same as the Angel Wing have a separate elevation interval, which has high-grade mineralization. This bonanza zone has been suggested by textures, geochemistry and morphologies found in the latest drilling.

Source: http://www.mirandagold.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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