Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Outcrop Silver & Gold Corp. (OCG.v OCGSF) has made significant progress at its Santa Ana Silver Project, with recent drilling at the Aguilar vein revealing high-grade silver intercepts, including 6.52 meters at 828 g/t AgEq. The discovery of a new parallel vein, Aguilar-HW, underscores the project's potential. Full results breakdown⬇️
https://www.reddit.com/r/smallstreetbets/comments/1eywk6s/outcrop_silver_gold_corp_ocgv_ocgsf_reports/
Outcrop Silver & Gold's (TSX-V: OCG, OTC: OCGSF) latest drilling results from the Aguilar vein at its Santa Ana Silver Project reveal high-grade silver and a newly discovered parallel vein. These developments highlight significant potential for resource expansion within the high-grade silver district.
https://outcropsilver.com/news/outcrop-silver-intercepts-6.52-metres-of-828-grams-silver-equivalent-per-tonne-at-the-aguilar-discovery/
Continuing to unveil more high-grade silver results including nearly 7000g/t, Outcrop Silver & Gold (OCG.v OCGSF) is exploring one of the largest and highest-grade silver deposits in the world the Santa Ana Project, as detailed by President & CEO Ian Harris at the Virtual Investor Conference:
Silver batteries are poised to be a game-changer for electric vehicles, outperforming traditional lithium-ion batteries in every key aspect according to the Silver Industry. With a longer lifespan, double the range, faster charging, and superior performance in extreme weather, silver batteries could revolutionize the EV market. (Source: https://thesilverindustry.substack.com/p/silver-vs-lithium-ion-one-metal-wins)
Amid exploring one of the largest and highest-grade silver deposits in the world, Outcrop Silver & Gold (OCG.v OCGSF) unveiled more high-grade silver results, hitting up to 6.9 kilograms of silver per ton in one hole at its Santa Ana Project: https://www.reddit.com/r/RichTogether/comments/1esf1um/outcrop_silver_gold_seizing_the_silver_deficit/
Outcrop Silver & Gold Corp. (Ticker: OCG.v) has reported encouraging drilling results from the Aguilar vein at the Santa Ana Silver Project, located 5 km south of existing resources. Highlights include 6.52m at 828 g/t AgEq, a sub-interval exceeding 6,900 g/t, and the discovery of a new parallel vein, Aguilar-HW, indicating significant mineralization potential.
https://outcropsilver.com/news/outcrop-silver-intercepts-6.52-metres-of-828-grams-silver-equivalent-per-tonne-at-the-aguilar-discovery/
*Posted on behalf of Outcrop Silver & Gold Corp.
Outcrop Silver & Gold (OCG.v/OCGSF) is advancing the Santa Ana project in Colombia, one of the highest-grade undeveloped silver assets globally. Spanning 27,000 hectares in a historic mining district, Santa Ana has 24.2M oz AgEq indicated @ 614 g/t, with exploration focused on expanding this significant resource. https://outcropsilver.com/corporate-presentation/
*Posted on behalf of Outcrop Silver & Gold Corp.
OCG.v's Santa Ana Project has revealed high-grade silver in its Aguilar vein, located 5 km from the project's current resource. The discovery includes a new parallel vein, Aguilar-HW, with notable drill results including 6.52m at 828 g/t AgEq, highlighting significant exploration potential. Full news breakdown here⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1esg8sp/outcrop_silver_golds_santa_ana_project_unveils/
Drill results from Outcrop Silver & Gold’s Santa Ana Project reveal significant high-grade silver at the Aguilar vein, located 5 km south of the existing resource. A new parallel vein, Aguilar-HW, was also discovered. Intercepts include 6.52m at 828 g/t silver equivalent, with a 0.63m section over 6,900 g/t.
https://outcropsilver.com/news/outcrop-silver-intercepts-6.52-metres-of-828-grams-silver-equivalent-per-tonne-at-the-aguilar-discovery/
*Posted on behalf of Outcrop Silver & Gold Corp.
Outcrop Silver Corp. (OCG.v) has reported significant drill results from the Aguilar vein at the Santa Ana Silver Project.
Outcrop Silver Corp. announced significant drill results at its Santa Ana project, revealing high-grade silver intercepts, including 6.52 meters at 828 g/t silver equivalent. CEO Ian Harris discussed expanding the resource base, exploring new targets, and plans for future growth in a recent video update⬇️
Outcrop Silver's (OCG.v) CEO, Ian Harris, recently presented at the Battery & Precious Metals Virtual Investor Conference, highlighting the expansion potential of the company's Santa Ana project amid surging silver demand.
At the Battery & Precious Metals Virtual Investor Conference, Outcrop Silver's (OCG.v) CEO Ian Harris emphasized their Santa Ana's expansion potential with a current resource of 37M ounces of silver. He discussed the silver market's 200M ounce deficit in 2023, driven by a 64% increase in solar demand. OCG aims to grow its project resource through exploration to surpass 100M ounces.
At the Battery & Precious Metals Virtual Investor Conference, Outcrop Silver's (OCG.v) CEO Ian Harris emphasized their Santa Ana's expansion potential with a current resource of 37M ounces of silver. He discussed the silver market's 200M ounce deficit in 2023, driven by a 64% increase in solar demand. OCG aims to grow its project resource through exploration to surpass 100M ounces.
OCG.v's CEO, Ian Harris, discusses their Santa Ana Silver project, emphasizing its high-grade potential.
"Drill Results Unveil MORE High-Grade Silver" at Outcrop Silver & Gold's (OCG.v OCGSF) Santa Ana Drill Project where the company hit up to 6.9kg of silver in one hole - Insightful interview with OCG's CEO Ian Harris:
Ian Harris, the President, CEO & Director of Outcrop Silver (OCG.v OCGSF) recently went on CEO.ca's Inside the Boardroom to discuss the company's Santa Ana Silver project and its latest high-grade results, including 6.52 meters at 828 g/t silver eq. + More results are pending💥⛏️
In a recent interview with CEO.ca Inside the Boardroom, Ian Harris, President, CEO, and Director of Outcrop Silver and Gold, discussed the company's flagship Santa Ana project in Colombia and the latest positive drilling results:
Insightful summary of Outcrop Silver & Gold's (OCG.v OCGSF) webinar yesterday from the Battery & Precious Metals Virtual Investor Conference:
🚨 WEBINAR SUMMARY THREAD - @OCG_SilverGold
— Stock Master Flash (@StckMasterFlash) July 23, 2024
at the Battery & Precious Metals Virtual Investor Conference 🚨 $OCG.v $OCGSF
Presenting at @RIConferences earlier today, $OCG detailed its potential in leveraging one of the highest-grade #silver projects globally, the Santa Ana… https://t.co/TUVam931au
Summary of Outcrop Silver & Gold's (OCG.v OCGSF) Presentation at the Battery & Precious Metals Virtual Investor Conference:
🚨 WEBINAR SUMMARY THREAD - @OCG_SilverGold
— Stock Master Flash (@StckMasterFlash) July 23, 2024
at the Battery & Precious Metals Virtual Investor Conference 🚨 $OCG.v $OCGSF
Presenting at @RIConferences earlier today, $OCG detailed its potential in leveraging one of the highest-grade #silver projects globally, the Santa Ana… https://t.co/TUVam931au
This week Outcrop Silver & Gold Corp. (OCG.v/OCGSF) shared drill results from its Aguilar vein discovery including high-grade silver continuity and a blind vein. Significant intercepts include 6.52m at 828 g/t silver equivalent, with a sub-interval over 6,900 g/t. Full results & news breakdown⬇️
https://www.reddit.com/r/Wealthsimple_Penny/comments/1e6pvdf/outcrop_silver_confirms_highgrade_silver_and_new/
Yesterday, Outcrop Silver & Gold Corp. (OCG.v or OCGSF) reported new drill results from its Aguilar vein discovery, 5 km south of its existing resource. The findings confirm high-grade silver continuity and reveal a new parallel blind vein, indicating potential for further discoveries and resource expansion.One drill intercepted 6.52 meters at 828 grams g/t of silver equivalent, with a sub-interval reaching over 6,900 g/t. Full press release:
https://outcropsilver.com/news/outcrop-silver-intercepts-6.52-metres-of-828-grams-silver-equivalent-per-tonne-at-the-aguilar-discovery/
*Posted on behalf of Outcrop Silver & Gold Corp.
Today, Outcrop Silver & Gold (OCG.v OCGSF) announced the interception of 6.52m of 828g of silver equivalent per tonne at the Aguilar Discovery at its Santa Ana Project: https://outcropsilver.com/news/outcrop-silver-intercepts-6.52-metres-of-828-grams-silver-equivalent-per-tonne-at-the-aguilar-discovery/
Significantly, these results confirm the presence of a robust vein system at Aguilar and confirm high-grade silver continuity along dip, reinforcing the exploration potential of the Aguilar and Aguilar-HW veins as well as amplify OCG's strategic exploration decisions as this vein was previously introduced as a promising new target.
Lower gold and silver prices throughout the summer are strategic buying opportunities according to David Brady, who says investors should find a comfortable price level and ride out the volatility. (Source: https://www.kitco.com/news/article/2024-07-10/stop-worrying-about-pennies-gold-and-silver-consolidate-focus-bigger-trend)
One company in thus industry that I'm keeping a close eye on is Outcrop Silver & Gold (OCG.v OCGSF) - With one of the highest grade silver projects globally, OCG's Santa Ana has impressive silver grades, with significant potential for further resource expansion through ongoing exploration: https://www.reddit.com/r/RichTogether/comments/1dibgzu/outcrop_silver_gold_ocgv_is_taking_a_strategic/
OCG.v recently shared that metallurgical tests at its Santa Ana Silver Project showed 96.3% silver & 98.5% gold recovery rates, demonstrating the project's potential to become a significant future producer
https://outcropsilver.com/news/outcrop-silver-achieves-exceptional-recovery-of-96.3-silver-and-98.5-gold-in-updated-metallurgical-testing-at-santa-ana/
*Posted on behalf of Outcrop Silver & Gold Corp.
Gold Newsletter recently interviewed the CEO of Outcrop Silver Corp. (OCG.v/OCGSF) who shared high-grade silver drill results from their Santa Ana project, including 0.78m at 776 g/t AgEq.
“A lot of people are waking up to the fact that #silver is dramatically underpriced relative to #gold.” - Quoted at Rick Rule's Investor Symposium:
“A lot of people are waking up to the fact that #silver is dramatically underpriced relative to #gold.” ~ @ttmygh at the 2024 Rule Symposium in Boca Raton, Florida @RealRickRule pic.twitter.com/L02WZKHplG
— CEO Technician (@CEOTechnician) July 9, 2024
Expert Says Silver and Gold Stock Looking Most Attractive - @SWReports on $OCG.v $OCGSF ⭐️
— Stock Master Flash (@StckMasterFlash) July 5, 2024
Highlighting its emergence from a long-term base, indicating potential for significant price increases due to robust silver demand & limited supply, Technical Analyst Clive Maund says… pic.twitter.com/fVeYq8Pusc
Interesting analysis of Mexico's silver shortage due to dwindling deposits and high production costs: https://thesilveracademy.com/news/silver-shortage-in-mexico-worsens-labor-and-environmental-activism-silver-belongs-to-mexico/
As Mexico is the world's largest silver producer, this has created a significant opportunity in the industry that Outcrop Silver & Gold (OCG.v OCGSF) seems well positioned to take advantage of given it's Santa Ana Project is one of the highest grade silver projects globally: https://www.reddit.com/r/RichTogether/comments/1dibgzu/outcrop_silver_gold_ocgv_is_taking_a_strategic/
Insightful technical analysis from Streetwise Reports & Clive Maund on a "Silver and Gold Stock Looking Most Attractive": https://www.streetwisereports.com/article/2024/07/03/expert-says-silver-and-gold-stock-looking-most-attractive.html
With one of the highest-grade silver projects globally, this junior is strongly positioned in the early stages of a potential major bull market amid drilling at its high-grade and pure silver project.
Insightful technical analysis from Streetwise Reports & Clive Maund on a "Silver and Gold Stock Looking Most Attractive": https://www.streetwisereports.com/article/2024/07/03/expert-says-silver-and-gold-stock-looking-most-attractive.html
With one of the highest-grade silver projects globally, this junior is strongly positioned in the early stages of a potential major bull market amid drilling at its high-grade and pure silver project.
In a recent interview, Ian Harris, CEO of Outcrop Silver Corp. (OCG.v, OCGSF), discussed high-grade silver drill results from their Santa Ana project in Colombia, including 0.78m at 776 g/t silver equivalent. OCG aims to demonstrate a resource potential of over 100 million ounces of silver by year-end. Regular updates expected.
Ongoing drilling at OCG.v's Santa Ana Project has revealed high-grade silver (ie. 0.78m @ 776 g/t AgEq) extending known mineralization. Metallurgical tests at the project showed 96.3% silver & 98.5% gold recovery rates, highlighting Santa Ana's potential as a high-grade silver resource. More info⬇️
https://www.reddit.com/r/Canadapennystocks/comments/1dr04xv/major_exploration_and_metallurgical_breakthroughs/
Marking a substantial improvement in gold and silver recoveries, Outcrop Silver & Gold (OCG.v OCGSF) achieved exceptional recovery of 96.3% silver and 98.5% gold in an updated metallurgical testing at its Santa Ana Project in Colombia:
Today, @OCG_SilverGold announced it achieved exceptional recovery of 96.3% #silver & 98.5% #gold in updated metallurgical testing at Santa Ana ‼️$OCG.v $OCGSF
— Stock Master Flash (@StckMasterFlash) June 25, 2024
This is a significant improvement in gold and silver recoveries and significantly de-risks the Santa Ana project amid… https://t.co/B0rxkG7EDt pic.twitter.com/DzmAYjwah2
Initial drilling results from OCG's Santa Ana Silver Project's Aguilar Vein show high-grade silver continuity. + OCG.v's most recent metallurgical testing achieved recovery rates of 96.3% for silver & 98.5% for gold.
https://ca.finance.yahoo.com/news/outcrop-silver-achieves-exceptional-recovery-113000083.html
Outcrop Silver & Gold Corp. (OCG.v) announced yesterday that metallurgical testing @ its Santa Ana Project achieved 96.3% silver & 98.5% gold recoveries. This advancement underscores the project's high efficiency & recoverability, reinforcing its potential as a leading primary silver deposit. More⬇️
https://www.reddit.com/r/Wealthsimple_Penny/comments/1dpd0pb/yesterday_outcrop_silver_ocgv_announced_963/
Yesterday, OCG.v announced that metallurgical testing at its Santa Ana project in Colombia revealed 96.3% silver and 98.5% gold recovery rates, showcasing the project’s potential as a future producer.
https://outcropsilver.com/news/outcrop-silver-achieves-exceptional-recovery-of-96.3-silver-and-98.5-gold-in-updated-metallurgical-testing-at-santa-ana/
Today, Outcrop Silver & Gold (OCG.v OCGSF) announced that it achieved exceptional recovery of 96.3% silver and 98.5% gold in an updated metallurgical testing at Santa Ana, marking a significant improvement in gold and silver recoveries: https://outcropsilver.com/news/outcrop-silver-achieves-exceptional-recovery-of-96.3-silver-and-98.5-gold-in-updated-metallurgical-testing-at-santa-ana/
As highlighted by USA Today, silver has seen a strong performance this year, up 23.65% since the beginning of the year. + The current gold/silver ratio of 78.68 suggests potential buying opportunities for silver, as it is relatively undervalued compared to gold.
https://www.usatoday.com/money/blueprint/investing/silver-price-06-24-2024/
Looking at the silver exploration sector, Outcrop Silver & Gold Corp. (Ticker: OCG.v or OCGSF) recently shared positive initial core drill hole results from its Santa Ana Project, such as 776 g/t silver equivalent over 0.78m. https://outcropsilver.com/news/outcrop-silver-drills-high-grade-silver-at-new-aguilar-vein-underpinning-expansion-strategy-at-santa-ana/
This week, Outcrop Silver & Gold Corp. (OCG.v) reported promising results from initial core holes from the Aguilar vein at its Santa Ana Project. The drilling extended mineralization by 5 kilometers south of the main resource area, with notable intercepts like 0.78m at 776 grams per tonne of AgEq. These findings affirm high-grade silver continuity and expansion potential. Expansion at the Los Naranjos vein also shows promising results. Full news breakdown here⬇️
https://www.reddit.com/r/smallstreetbets/comments/1djwy4o/outcrop_silvers_ocgv_new_highgrade_silver/
Yesterday, Outcrop Silver & Gold Corp. (Ticker: OCG.v or OCGSF) announced promising initial core drill hole results from the Aguilar vein at its Santa Ana Project, including a 0.78m intercept of 776 g/t silver equivalent. + Findings extended mineralization by 5 km.
https://outcropsilver.com/news/outcrop-silver-drills-high-grade-silver-at-new-aguilar-vein-underpinning-expansion-strategy-at-santa-ana/
*Posted on behalf of Outcrop Silver & Gold Corp.
Today, Outcrop Silver & Gold (OCG.v OCGSF) announced that it has drilled high-grade silver at the new Aguilar Vein in the central part of the 30km long vein corridor at the Santa Ana Project (resource of 37M oz at 73% silver): https://outcropsilver.com/news/outcrop-silver-drills-high-grade-silver-at-new-aguilar-vein-underpinning-expansion-strategy-at-santa-ana/
Underpinning its expansion strategy, the results of initial core holes from the Aguilar Vein confirms the continuity of high-grade silver, demonstrating the corridor's potential.
Driven by industrial demand and geopolitical events, silver prices have been on the rise as of late amid a shortage of primary silver exploration projects and pure-play silver companies, as highlighted by the Crux Investors latest article detailing "Strategies for the Clean Energy Metal of the Future": https://www.cruxinvestor.com/posts/investing-in-silver-exploration-strategies-for-the-clean-energy-metal-of-the-future
Additionally highlighted in the Outcrop Silver & Gold (OCG.v OCGSF) is taking a strategic approach to the current silver market by focusing on resource expansion and a pathway to small-scale production with its high-grade and pure silver Santa Ana Project in Colombia.On track to exceed a 100 million ounce silver resource, OCG stands as a potential future silver powerhouse with a grade of 73% silver and unique minerology allowing for a high 93% silver recovery by floatation:
Amid advancing one of the world's richest primary silver deposits, @OCG_SilverGold presented at Deutsche Goldmesse to discuss its Santa Ana Mine, a future #silver powerhouse: https://t.co/q5UvQVo3v4
— Stock Master Flash (@StckMasterFlash) May 21, 2024
Santa Ana is on track to exceed a 100 million ounce resource with a grade of 73%…
I like the looks of things, but the unlimited A/S scares me. Especially with metals on the OTC.
The Globe and Mail highlights how silver's demand is surging, while production is down 1%, driving price increases
https://www.theglobeandmail.com/investing/markets/stocks/FVL/pressreleases/26187406/silvers-bright-future-green-energy-fuels-demand-surge/
OCG.v is working to meet future demand. Its ongoing 2024 drilling campaign at its Santa Ana Silver Project in Colombia's largest and highest-grade primary silver district, is designed to expand the project's high-grade silver resources, targeting key veins and new areas. https://outcropsilver.com/news/outcrop-silver-announces-breakthrough-gravimetric-concentration-results-for-santa-ana/
The relentless expansion of renewable energy, including solar, is driving strong demand for silver and as of 2024, silver prices have rallied significantly, with its dual role as an industrial metal and a precious metal, positions silver well for continued growth as demand is expected to continue to surge.
Poised to benefit from this recent shift and increase demand is Outcrop Silver & Gold (OCG.v OCGSF) and its Santa Ana Project. On track to exceed a 100 million ounce silver resource, OCG stands as a potential future silver powerhouse with a grade of 73% silver and unique minerology allowing for a high 93% silver recovery by floatation:
Amid advancing one of the world's richest primary silver deposits, @OCG_SilverGold presented at Deutsche Goldmesse to discuss its Santa Ana Mine, a future #silver powerhouse: https://t.co/q5UvQVo3v4
— Stock Master Flash (@StckMasterFlash) May 21, 2024
Santa Ana is on track to exceed a 100 million ounce resource with a grade of 73%…
With applications across a range of industries, silver is a vital commodity that has been gaining renewed interest as of late. Given its multifaceted uses, silver shines as an investment opportunity and Outcrop Silver & Gold (OCG.v OCGSF) stands to become a future silver powerhouse with Santa Ana Project boasting a grade of 73% silver and unique minerology allowing for a high 93% silver recovery by floatation: https://www.reddit.com/r/PennyStocksCanada/comments/1dcyoi1/big_tech_wants_clean_energy_how_silver_explorers/
Set to increase the already strong demand for silver, 'renewable energy will be the predominant power source for data centers' according to Nextracker CEO: https://www.cnbc.com/2024/06/07/renewables-will-be-main-power-source-for-data-centers-nextracker-ceo.html
Amid silver's recent demand and price increases, Outcrop Silver & Gold (OCG.v OCGSF) has emerged as a high potential opportunity that's on track to exceed a 100 million ounce silver resource at its Santa Ana Project, a potential future silver powerhouse with a grade of 73% silver and unique minerology allowing for a high 93% silver recovery by floatation:
Amid advancing one of the world's richest primary silver deposits, @OCG_SilverGold presented at Deutsche Goldmesse to discuss its Santa Ana Mine, a future #silver powerhouse: https://t.co/q5UvQVo3v4
— Stock Master Flash (@StckMasterFlash) May 21, 2024
Santa Ana is on track to exceed a 100 million ounce resource with a grade of 73%…
Ian Harris, CEO of Outcrop Silver Corp. (OCG.v), recently highlighted the projected 1Boz silver deficit and the potential of their Santa Ana Silver Project at the Deutsche Goldmesse conference.
Marking the first time in over a decade it has reached this price, silver recently broke a key resistance of $30 per ounce. Significantly, this is reminiscent of past bull runs as the last time this happened, in 2011, silver quickly rose to nearly $50 per ounce. (Source: https://www.fxstreet.com/analysis/silver-shines-in-the-precious-metals-market-202406051824)
On track to exceed a 100 million ounce silver resource, Outcrop Silver & Gold's (OCG.v OCGSF) its Santa Ana Project as it stands to become a future silver powerhouse in Colombia with a grade of 73% silver and unique minerology allowing for a high 93% silver recovery by floatation:
Amid advancing one of the world's richest primary silver deposits, @OCG_SilverGold presented at Deutsche Goldmesse to discuss its Santa Ana Mine, a future #silver powerhouse: https://t.co/q5UvQVo3v4
— Stock Master Flash (@StckMasterFlash) May 21, 2024
Santa Ana is on track to exceed a 100 million ounce resource with a grade of 73%…
Goldfinger Capital Channel hosted a discussion on the global silver market with analysts and OCG.v CEO Ian Harris. They emphasized how increasing demand from high-tech industries could lead to a 300M oz deficit.
Great discussion on the silver market with well known investor Chen Lin, analyst Robert Sinn, and Ian Harris, CEO of Outcrop Silver (OCG.v OCGSF). The panel highlights increased demand for silver from solar and AI industries. OCG's Santa Ana Project in Colombia is well positioned to meet future demand, with an indicated resource of 24.2M oz at 614 g/t AgEq and an inferred resource of 13.5M ounces at 435 g/t AgEq.
Followers
|
14
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
184
|
Created
|
10/18/08
|
Type
|
Free
|
Moderators |
Miranda Reports Termination of Red Hill Agreement
VANCOUVER, BRITISH COLUMBIA, Oct 17, 2008 (Marketwire via COMTEX) -- Miranda Gold Corp. ("Miranda") (TSX VENTURE:MAD)(OTCBB:MRDDF)(FRANKFURT:MRG) has been informed by Barrick Gold Exploration Inc. ("Barrick") that they have elected to terminate the Exploration Funding Agreement with Option to Joint Venture on Miranda's Red Hill property.
Barrick recently completed drilling of two deep holes at Red Hill. Both holes were drilled in the vicinity of hole BRH-013, which in 2006 intercepted 45 ft 0.237 oz Au/t from 1,920 to 1,965 ft (13.7 m of 8.105 g Au/t from 585 to 599 m). Both holes were planned as follow up holes to BRH-013 but were collared at significant distances from the previous mineralized hole; 1,000 ft (305 m) to the southeast and 2,450 ft (750 m) to the west. A summary map showing the approximate location of the 2008 drill holes can be viewed on the Miranda website at www.mirandagold.com/s/Image.asp?i=photos/Red_Hill_Fig6_2008.jpg&id=309218.
According to Barrick, preliminary assay results were not encouraging and as a result a decision to terminate was made. Miranda has not yet seen the assay results. Once Barrick receives the final assays and conducts internal quality control testing the results will be released to Miranda. In addition to the assay results, Barrick was facing an October 27, 2008 deadline to pay Miranda $150,000. This may have influenced their decision to terminate.
Barrick has made expenditures of over $1.3 million on the Red Hill project, not including costs associated with the 2008 drilling. Work completed by Barrick prior to the 2008 drilling included drilling 11 holes totaling 22,510 ft (6,861 m) as well as a property-wide gravity survey, an airborne magnetic survey, a controlled source audio-frequency magnetotellurics (CSAMT) survey and a property boundary survey.
Miranda geologists strongly believe that additional targets exist in the area of BRH-013 and that the property has not yet been fully tested. Priority targets include the SE-strike extension of the CSAMT anomaly associated with the mineralization in BRH-013. A 1,300 ft by 1,700 ft greater than 20 ppb gold in soil anomaly is developed in a NW-striking syncline, with laterally-extensive hydrothermal alteration. Previous drill holes did not test this shallow target area.
Another target is identified proximal to the historic antimony pits on the east side of the project. Twenty holes were drilled in this area; however only three holes exceeded 700 ft depths. These three holes ended in 35-150 ppb gold. A review of historic drilling should be conducted to determine if the deeper holes intersected the favorable Red Hill member of the Denay, the unit hosting mineralization in BRH-013.
The Red Hill property is comprised of a mining lease covering 79 lode mining claims that occupy a large percentage of the "JD Window". The JD Window exposes lower-plate carbonate rocks that elsewhere in the Cortez Trend are the host rocks for disseminated gold deposits. Extensive hydrothermal activity has caused argillic alteration, decalcification, widespread iron oxide staining and silicification of the carbonate rocks. Anomalous gold mineralization is located in several prominent faults and is associated with barite and antimony mineralization.
Miranda will be actively seeking a new partner to continue exploration on this property.
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.
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 Newcrest Resources Inc., the Cortez Joint Venture (Barrick Gold Exploration Inc.), the Buckhorn Joint Venture (Barrick and Teck) Piedmont Mining Company Inc., White Bear Resources Inc., Queensgate Resources Corporation and Montezuma Mines Inc.
ON BEHALF OF THE BOARD
Kenneth Cunningham, President and CEO
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.
SOURCE: Miranda Gold Corp.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |