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Article: Miranda Gold Corp. and Nulegacy Gold Corporation Sign Agreement to Explore Red Hill Project.
- Article from:
- Business Wire
- Article date:
- September 22, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BC -- Miranda Gold Corp. ("Miranda") (TSX-V: MAD) announces that a new exploration agreement with option to form a joint venture ("the Agreement") has been executed with NuLegacy Gold Corporation ("NuLegacy") on Miranda's Red Hill property. Previous exploration at Red Hill intersected 45 ft of 0.237 oz Au/t (13.7 m of 8.105 g Au/t). NuLegacy will fund all exploration including a drill program that is expected to take place during the second quarter of 2010.
Under the terms of the Agreement, NuLegacy is committed to spending US$500,000 on or before December 31, 2010. NuLegacy may earn a 60% interest in the Red Hill project by funding US$4,000,000 in ...