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Miranda Gold Announces Exploration Results from Pavo Real
Feb. 14, 2011 (Filing Services Canada) -- Miranda Gold Corp.  (MAD - TSX Venture), is...
About this update from Nulegacy Gold Corporation
[{"type":"text","content":"\nMiranda Gold Announces Exploration Results from Pavo Real\n\n\n Feb. 14, 2011 (Filing Services Canada) -- Miranda Gold Corp.  (MAD - TSX Venture), is pleased to report on exploration activities conducted by its funding partner, Red Eagle Mining Corporation (\"Red Eagle\"), at Pavo Real, Colombia.  The Pavo Real project lies within the department of Tolima, approximately 20 km south of the city of Ibague and 45 km southeast of AngloGold Ashanti's La Colosa discovery.Since completing the helicopter airborne magnetic and radiometric surveys, Red Eagle has been actively mapping and sampling at Pavo Real and acquiring additional concessions, applications and leases that are now part of the Pavo Real project.  Results of this work have increased the size of the project area and identified four new areas that show copper-gold skarn mineralization to the northeast of the main Pavo Real project area and evidence of disseminated sedimentary-hosted gold targets in the center of the main Pavo Real project area.Land AcquisitionPavo Real project consisted of several mining concessions and applications that totaled 25.9 sq km.  New applications in and around Pavo Real now total 17.9 sq km and new third-party tenements between Red Eagle and various land owners, including the El Sapo mine, total 5.0 sq km.  The Pavo Real project concessions, as defined by a 5-km Area of Interest between Miranda and Red Eagle, now covers 48.9 sq km.To view a location map of Pavo Real visit http://www.mirandagold.com/new/Image.asp?i=maps/PavoReal/Figure7.jpg&id=442034Sampling ResultsA total of 567 rock chip and channel samples have been collected by both the Miranda and the Red Eagle exploration teams.  This work has identified four new areas that are strongly anomalous in gold or gold and copper.To the northeast, at the El Sapo mine, five rock chip samples yielded assays between 0.11 g Au/t and 26.6 g Au/t.  Silver values ranged from 0.42 g Ag/t to 4,250 g Ag/t and copper values ranged from 0.43% to 13%.  Bismuth, lead and zinc were also elevated suggesting mineralization is part of a skarn system.  Further to the northeast, near the Santa Barbara mine area, 29 rock samples returned gold assays ranging from 0.01 g Au/t to 37.2 g Au/t.  Silver and copper values we...