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Miranda Gold Acquires High-Grade Willow Creek Project in Alaska
Miranda Gold Acquires High-Grade Willow Creek Project in Alaska Vancouver, British Columbia ...
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[{"type":"text","content":"Miranda Gold Acquires High-Grade Willow Creek Project in AlaskaMiranda Gold Acquires High-Grade Willow Creek Project in Alaska\nVancouver, British Columbia CANADA, November 21, 2013 /FSC/ - Miranda Gold Corp.  (MAD - TSX Venture), is pleased to announce an agreement with Alaska Hardrock Inc. (AHI) for the Willow Creek Project, 75 mi (121 km) miles north of Anchorage, Alaska. The project is accessed by well-maintained roads that can be used year round. The Willow Creek Project covers the majority of the Willow Creek mining district and contains 75 patented lode mining claims and 62 State of Alaska lode mining claims for a total of approximately 8,700 acres (3,520 hectares).\nThe Willow Creek mining district is notable as the second largest historic lode gold producer in Alaska.  Before 1950, the Willow Creek district alone had produced 5% of Alaska's lode gold. Recorded gold production between 1911 and 1942 (when L-208 closed non-essential mining due to WWII) was 667,000 ounces at a grade of 1.2 oz Au/ton (41.1 g Au/t). Willow Creek gold is reported to be free milling with greater than 80% recovery by gravity alone and recoveries up to 95% reported from gravity and flotation processing.\nHistoric production from land now controlled by Miranda is estimated, by the Alaska Bureau of Mines at 500,000 ounces of gold, primarily from three nearby workings developed on three faulted segments of the same vein. The central working produced 250,000 ounces at 1.6 oz Au/t (55 g Au/t) from the Hogan stope that measures 1,480 ft (450 m) horizontally and 660 ft (200 m) down the vein on five main levels. Exploration drilling in a confined area by a previous company and subsequent modeling by Miranda and Mine Development Associates substantiates an unmined, up-dip extension of the vein. Previous drilling indicates high-grade intercepts of 2.5 ft (0.76 m) at 2.4 oz Au/t (82 g Au/t) sixty-five feet (20 m) below the Hogan stope. It is likely that significant gold occurs in the vein beyond the level of workings. Miranda thinks that it is possible that additional northeast raking, high-grade ore-shoots could be discovered both up and down-dip of the immediate area of the mines, and that the vein continues to the east and the west in other faulted segments. Limited historic drilling to the east reportedly discovered a blind vein segm...