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OCG.v up today on >8x its avg vol after launching a $3M PP to boost exploration @ its Santa Ana Silver/Gold project in Colombia. Recent progress includes a significant mineral resource estimate of >24M oz of AgEq & positive metallurgical tests showing 97% gold & 93% silver recovery rates.
Breakdown:
https://www.reddit.com/r/Miningstocks/comments/1b6rrlz/outcrop_silver_gold_ocgv_launches_3m_public/
OCG.v up 18% today on high vol, after closing up 12% yesterday.
The maiden mineral resource estimate for OCG's flagship proj is 24M+ oz silver equivalent. Metallurgical tests show 97% gold, 93% silver recovery. + OCG's notable drill intercepts included 16 g/t Au, 2,719 g/t Ag & 2,919 g/t Ag. More⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1b3ep5p/outcrop_silver_gold_corporation_ocg_sees_12/?utm_source=share&utm_medium=web2x&context=3
OCG up 12% today on above avg vol. OCG's Santa Ana project boasts a maiden mineral resource estimate of over 24 million ounces of silver equivalent and an inferred resource of 13.5 million ounces, along with exceptional recovery rates of 97% for gold and 93% for silver.
They seem to have a very rich silver deposit.
They presented at the Virtual Investors Conference.
The price looks to have bottomed out but the OBV needs to turn up.
Long term chart.
They just presented at the Virtual Investors Conference.
mhmm what's going on here
MRDDF buy 0.0195
normal chart
log chart
Not sure why this news was never posted on this board, it's kind of a big deal...
Oct 14, 2010
Miranda Gold Signs Letter of Intent with Agnico-Eagle on Ester Dome
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Vancouver, BC, Canada -- October 12, 2010 -- Miranda Gold Corp. ("Miranda") (TSX-V: MAD) has signed a Letter of Intent with Agnico-Eagle USA Limited ("Agnico") (TSX: AEM), whereby Agnico may earn a joint venture interest in the Ester Dome project, located in the Fairbanks mining district of Alaska.
Under the terms of the Letter of Intent, which is to be replaced by a definitive option agreement, Agnico can earn a 51% interest in Ester Dome by spending US$4,000,000 in qualifying expenditures over a five year period. Agnico may then elect to earn an additional 19% interest (for a total of 70%) by completing a feasibility study or by spending an additional $10,000,000 at a rate of no less than $1,000,000 per year.
Project Details
The Ester Dome project consists of 181 Alaska state mining claims covering approximately 13.8 sq. mi (35.7 sq. km) and is located 5 mi (8 km) from Fairbanks, Alaska. The Fairbanks District has produced over 9.5 million ounces of alluvial gold. Over 3 million ounces of alluvial gold were mined on the flanks of Ester Dome and the property covers the majority of the upland source area for these 3 million ounces.
The geology of Ester Dome comprises a suite of metamorphic rocks, primarily schist separated by thrust faults and cut by igneous sills and small stocks. The mineralization on the Ester Dome project is prospective for both high-grade vein and shear-hosted gold deposits and larger tonnage bulk minable gold deposits. Fairbanks area gold deposits, such as Fort Knox (+6 million ounces) that is hosted in an intrusive stock and characterized by sheeted quartz veins and shears, as well as True North (1.3 million ounces) that is hosted in complex imbricate shears with quartz veins in metasediments, provide target analogues for exploration at Ester Dome.
The most recent exploration on Ester Dome was conducted by Placer Dome Exploration ("PDX") in 1998. The best drill hole reported by PDX intercepted 19.7 ft of 2.7 oz Au/t (6 m of 91.2 g Au/t) from 360 to 381 ft (110 to 116 m).
More details on the project can be obtained at http://www.mirandagold.com/s/NewsReleases.asp?ReportID=369974&_Type=News-Releases&_Title=Miranda-Gold-Acquires-District-Scale-Gold-Play-in-Alaska
2010 Exploration
Miranda's work on Ester Dome in 2010 has consisted primarily of limited reconnaissance prospecting that identified quartz veins in schist and intrusive rock, data compilation, and the completion of a soil grid consisting of 367 samples. The purpose of the soil grid was to confirm, delineate and tighten the spacing of an irregularly sampled and undrilled soil anomaly previously identified by Placer Dome. The soil anomaly has dimensions of approximately 6,000 ft (1,830 m) by approximately 1,200 ft (366 m). This soil anomaly is proximal to a cluster of small mapped and inferred intrusive bodies that occur in an area measuring approximately 1.5 sq. mi (4 sq. km). Small gold placer workings occur immediately downstream from the area containing the intrusive bodies and soil anomaly.
Results from soil sampling are in the process of being compiled and evaluated. Miranda has also submitted a permit to build a road through the central part of the soil anomaly with the intent of providing outcrop exposure for mapping, sampling and access to drill targets.
Agnico will continue to compile the large historic database for the project in anticipation of the 2011 exploration season.
The data disclosed in this press release have been reviewed and verified by President & CEO Ken Cunningham, 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, Alaska and Colombia and whose emphasis is on generating gold exploration projects with world-class discovery potential. 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 Montezuma Mines Inc., NuLegacy Gold Corporation, Piedmont Mining Company Inc., Red Eagle Mining Corporation, Ramelius Resources Ltd., and now Agnico-Eagle USA Limited.
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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.
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