Business
Montezuma Completes 2013 Drilling at Miranda's Red Canyon Gold Project
Montezuma Completes 2013 Drilling at Miranda's Red Canyon Gold Project Vancouver, British Co...
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":"Montezuma Completes 2013 Drilling at Miranda's Red Canyon Gold ProjectMontezuma Completes 2013 Drilling at Miranda's Red Canyon Gold Project\nVancouver, British Columbia CANADA, September 16, 2013 /FSC/ - Miranda Gold Corp.  (MAD - TSX Venture), (\"Miranda\"), is pleased to announce its exploration funding partner at Red Canyon, Montezuma Mines Inc. (\"Montezuma\"), a wholly owned subsidiary of CMQ Resources Inc. (TSX-V:NV), has completed its 2013 drill campaign at Red Canyon.  Montezuma drilled three reverse circulation (\"RC\") holes in the Wall structural corridor for a total of 2,170 ft (661.4 m).  \nThe three RC holes tested portions of the northwest-trending Wall structural corridor, interpreted from gravity and resistivity surveys, in the Wall (two holes) and Ice (one hole) target areas.  The corridor is approximately 1,500 ft (460 m) wide, at least 13,000 ft (4,000 m) long, and includes all or portions of three of the nine identified exploration targets at Red Canyon.  Montezuma's 2009 core hole MR09-05C intersected 39 ft of 0.281 oz Au/ton (11.9 m of 9.64 g Au/t) in the vicinity of interpreted Wall corridor structures in the Ice target area.  Montezuma's three 2013 RC holes probed the margins of the Wall corridor for intersections of inferred bounding faults with favorable limestone stratigraphy.  All holes intersected calcareous siltstone to limestone and anomalous gold ranging up to  0.051 g Au/t.\nMontezuma remains confident that Red Canyon contains opportunity for a significant gold discovery.  After evaluating the accumulated project data, Montezuma will propose a work plan for 2014.\nSince 2009, Montezuma performed geologic mapping, revised stratigraphic interpretations, completed soil and rock-chip geochemical surveys, and contracted CSAMT resistivity, ground magnetic, and gravity geophysical surveys.  To date, Montezuma drilled a total of 35 RC and three core holes for a total of 35,212 ft (10,732.6 m).  Montezuma conducts its drilling under the Bureau of Land Management-approved Red Canyon Plan of Operations that permits up to 125 acres (50 hectares) of total disturbance.  \nProject Details\nThe Red Canyon project is in Eureka County, Nevada, includes 254 unpatented lode mining claims (7.9 sq ...