Miranda Gold Corp. Signs Agreement to Explore in Mexico
08 Abril 2008 - 9:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: MAD)(OTCBB:
MRDDF)(BERLIN: MRG)(FRANKFURT: MRG) announces that it has signed an
agreement with Y3K Exploration Company LLC ("Y3K"). Pursuant to the
agreement, Y3K and its manager, David Griffith, will conduct a
project generation program to locate and acquire properties having
the potential to host "large" ore bodies of all valuable metals and
minerals in Mexico funded by and for the benefit of Miranda. Y3K
has accumulated an extensive database of potential mineral targets
in Mexico and David Griffith has expertise in doing business,
exploration and acquiring mining properties situated in Mexico.
Mr. Griffith has been active in Mexico for 15 years. While
working as a geologist for Recursos Cruz del Sur S.A., Mr. Griffith
took part in the La Esperanza discovery in 1993, currently known as
the Cerro Jumil project that is now wholly-owned by Esperanza
Silver Corporation, in the State of Morelos, Mexico.
Miranda has engaged Y3K on a renewable 12 month contract to
conduct a minimum annual program of US$200,000. A wholly owned
Mexican subsidiary of Miranda will directly stake or acquire
projects identified through the program. Miranda and Y3K will
jointly establish the work program and budget.
Ken Cunningham, Miranda's President and CEO, stated, "Miranda
believes this is a natural progression to our generative
exploration in Nevada. A Mexican program will allow Miranda to have
an active field season twelve months out of the year. Miranda's
exploration team will assist Mr. Griffith by advancing the acquired
projects through exploration in preparation for offering the
projects to potential joint venture partners. We are pleased to be
working with someone who has both the experience base and track
record that Mr. Griffith has in Mexico."
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 Barrick Gold Exploration Inc., the
Cortez Joint Venture, the Buckhorn Joint Venture, Piedmont Mining
Company Inc., White Bear Resources Inc. and Queensgate Resources
Corporation.
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.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Miranda Gold Corp. Fiona Grant Manager, Investor
Relations (604) 689-4580 or 1-877-689-4580 Website:
www.mirandagold.com
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