For thousands of other reports visit RSC's Mineral Intellingence Map
Miranda Gold Corp.
Summary
| Project: | Cerro Oro | |
|---|---|---|
| Deposit: | Cerro Oro | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 11/24/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-11-2016: Miranda Gold Corp. announces an Exploration/Drilling Update report for its Cerro Oro deposit at the Cerro Oro project. Drilling results incl. 4.70m @ 1.374g/t Au from 56.0m. Vancouver, BC, Canada – November 24, 2016 - Miranda Gold Corp. ("Mira | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joseph Herbert (Internal) | |
| ABSTRACT: | Vancouver, BC, Canada – November 24, 2016 - Miranda Gold Corp. ("Miranda") (TSX-V: MAD) and Prism Resources Inc. (“Prism”) (TSX-V: PRS) are pleased to announce drill results from our Cerro Oro Project in Colombia. Prism and Miranda “scout” drill-tested a large low-sulfidation epithermal gold system at Cerro Oro, where mapping and sampling indicate the potential for multiple high-grade gold veins occurring within broader zones of lower grade disseminated and fracture controlled mineralization. The original planned program called for four to five angle holes totaling 1,200 meters. Due to failure to obtain important surface easements in a timely manner, the drill program was limited to three angle holes totaling 472 meters. Miranda will continue to work on easement agreements. The Colombian Ministry of Interior has notified Miranda that a “Consulta Previa” with nearby indigenous peoples will be required for any additional work on the project. Miranda has started the “Consulta Previa” process, and intends to pursue it expeditiously. Prism has decided to withdraw from the joint venture in the Cerro Oro project; partially because the planned drill program is delayed, and because Prism intends to focus on the exploration of their recent acquisition of the past-producing Huampar Mine in Peru, a historic silver-gold producer. As a consequence of the delay in the planned Cerro Oro drill program, Miranda has advised Prism that their obligations under the joint venture agreement are now satisfied, and that Prism may terminate the agreement with no monetary consequence. Miranda is pleased to have had Prism as a partner at Cerro Oro, and both companies will continue to consider partnering other Miranda projects in Colombia. Miranda will look for another funding partner on the project. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report