Outcrop Silver & Gold Corp. (OCGSF)

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Drill Results from Miranda Gold’s Red Hill Project
2011-01-13 09:00 ET - News Release

VANCOUVER, British Columbia -- (Business Wire)
Miranda Gold Corp. (“Miranda”) (TSX-V: MAD) announces drill results from its Red Hill project in Eureka County, Nevada. NuLegacy Gold Corp. (“NuLegacy”) (TSX-V: NUG), Miranda’s funding partner at Red Hill completed four drill holes for a total of 4,920 ft (1,515 m).
Three holes in the program tested a large 7,380 ft (2,250 m) by 3,300 ft to 9,900 ft (1,000 to 3,000 m) CSAMT/IP/Resistivity geophysical anomaly that was interpreted to represent carbonaceous material and pyrite. Drill holes RHM10-001 and 002 show highly anomalous gold values in silty limestone with carbon alteration, disseminated pyrite and elevated trace elements, confirming the interpretation. This geologic setting is characteristic of many Carlin-type gold systems. A fourth hole, which intersected 69 ft (21 m) of anomalous gold very near the surface, tested a gold in soil anomaly 4,500 ft (1,370 m) west of the geophysical anomaly.