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Miranda Applies For Four Exploration Licenses in the Antioquia Batholith, Colombia
Miranda Applies For Four Exploration Licenses in the Antioquia Batholith, Colombia Vancouver...
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[{"type":"text","content":"Miranda Applies For Four Exploration Licenses in the Antioquia Batholith, ColombiaMiranda Applies For Four Exploration Licenses in the Antioquia Batholith, Colombia\nVancouver, British Columbia CANADA, August 12, 2013 /FSC/ - Miranda Gold Corp.(\"Miranda\") (TSX-V: MAD) has applied to the Agencia Nacional de Mineria (ANM) for four exploration licenses in two prospective areas in the Antioquia Batholith. Miranda made the applications on July 2, 2013, the day that a two year moratorium for applications in Colombia was lifted. The applications together cover approximately 5600 hectares. The applications are from 48 to 139 km northeast of Medellin in the Antioquia Department.\nExploration work and the new application costs were funded under the strategic alliance with Agnico Eagle Mines Limited.  Additional work will determine whether the areas meet the criteria of a Designated Property pursuant to the alliance (see Press Release February 19, 2013).\nMiranda's work in the Antioquia Batholith is focused on generating projects that contain target analogues to Gramalote (intrusive-related sheeted-vein gold mineralization) or San Ramon (mesothermal gold in shear zone).  Gramalote is being explored by AngloGold Ashanti and B2Gold Corp and San Ramon is owned by Red Eagle Mining Corporation. Both Gramalote and San Ramon are in the mine permitting stage, which confirms the Antioquia Batholith as a productive exploration domain.\nThese new applications were generated by following the same generative process that resulted in Miranda's Minagrande acquisition in May of this year.  At Minagrande, the primary target is a 4 km long gold-anomalous fault and shear zone.  It was recognized by detecting illite-kaolinite-alunite anomalies that were associated with significant structural zones in a regional structural domain that contains the Gramalote deposit.  Based on Miranda's in-house processing and investigations, illite occurs as a stable clay in most significant gold systems and significant ASTER (Advanced Spaceborne Thermal Emission and Reflection) anomalies are associated with several known deposits in Colombia.  The new applications also occur in areas where historic government reports indicate anomalous metal values and the presence of alluvial gold operations. \nMiranda has begun r...