Miranda Gold's Profile

Nevada Cortez Gold Trend 4th largest gold producing area in the world

Miranda Gold Corp., TSX.V : MAD; OTCBB : MRDDF; Frankfurt & Berlin Stock Exchange : MRG.

Miranda is a gold exploration company concentrating its generative efforts in Nevada's Cortez Gold Trend. Our focus is exploration - the stage that offers the strongest rewards and growth potential for shareholders.

Mitigating the risk of exploration is done through our joint venture business model allowing us to be active on 14 projects without diluting our share structure or our treasury

  • Currently sitting at CA$10.8 million.

Led by some of the most experienced and talented geologists in Nevada, Miranda Gold Corp. is committed to the exploration and discovery of world-class deposits in one of the most promising gold belts in the world.

JV Partners

Miranda Gold Corp. has a reputation as one of the best project generators in Nevada attracting a variety of mining companies to fund the exploration on our properties. By successfully leveraging our technical expertise into joint venture partnerships we lower the risk of early stage exploration and preserve shareholder wealth. In exchange for earned interest in the projects they finance, our Joint Venture partners also allow for greater growth opportunities for shareholders. Below is a list of our current partners:

Newcrest Mining Ltd. www.newcrest.com.au

Newcrest explores for, develops and operates gold and copper mines in Australia and overseas. It has a strategy focused on expanding discovery for long term results.

Newcrest recently signed a Letter of Intent to Joint Venture on Miranda Gold's Horse Mountain project whereby Newcrest may earn a 60% interest by funding $3,200,000 over a four year period. The first year's expenditure of $500,000 is an obligation. In order to earn an additional 10% interest, Newcrest must then fund an additional $5,000,000 of qualified expenditures over a three year period.

Piedmont Mining Company Inc. www.piedmontmining.com

Piedmont Mining Company, Inc. is focused on exploration of properties in Nevada that have the potential to host high-grade gold and/or silver deposits. The Company's strategy is to select properties which it believes have exceptional potential and option or joint venture them only with experienced exploration groups. The Company does not intend to build its own exploration staff. The Company has now entered into earn-in agreements with experienced exploration groups on 7 gold and/or silver properties in Nevada.

Piedmont has entered a joint venture agreement with Miranda Gold on the PPM Project, located in the north-end of the Battle Mountain-Eureka Trend. Under the terms of the agreement, Piedmont must expend at least $175,000 in exploration work during the first year of the agreement, $200,000 during the second year, $300,000 during the third year, $425,000 during the fourth year and $650,000 during the fifth year of the agreement. Upon completing the total $1,750,000 work expenditure requirement, Piedmont will have earned a 55% interest in the property and the project. At that point, Piedmont and Miranda would enter into a joint venture with Piedmont being the operator. After the first year of the agreement, Piedmont may terminate the agreement at any time on 30 days written notice.

White Bear Resources Inc.

White Bear Resources is a junior mining company currently working on its Initial Private Offering.

White Bear is joint ventured on two properties with Miranda Gold. In the first agreement, on Angel Wing, White Bear can earn a 60% interest in the property by funding $2,500,000 in exploration activities over a period of five years. White Bear may then elect to earn an additional 10% interest by funding a bankable feasibility study or by spending an additional $10,000,000. The first and second year work expenditures - $100,000 and $200,000 respectively - are obligations in the agreement.

The second agreement on Iron Point requires that White Bear fund $2,000,000 in exploration activities over a five year period. By funding this exploration White Bear would earn a 60% interest in the project, with the option to earn an additional 10% by funding a bankable feasibility study. A minimum expenditure of $300,000 is required in the first year of the agreement.

Queensgate Resources Corporation www.queensgateresources.com

Queensgate Resources Corporation (QGR) is a Montreal, QC based natural resources exploration company focusing on discovering and developing precious metals properties in Nevada. With over 45 years experience working from a technical office in Vancouver, BC; QGR acts either independently or as a joint venture partner to fund and execute exploration work programs on grassroots level and advanced stage exploration properties where a resource may require further delineation and validation.

Queensgate has an exploration funding agreement on three of Miranda Gold's properties: Coal Canyon, BPV, and CONO. Queensgate must fund $3,000,000 in exploration activities over a five-year period in order to earn a 51% interest in the properties. Upon earning a 51% interest Queensgate may earn an additional 9% interest, for a total of 60%, by funding an additional $2,000,000 and can eventually earn up to a 70% interest in all three properties by funding a bankable feasibility study on any one of the properties. The first year's $260,000 is an obligation that will include exploration expenditures as well as payments to maintain the underlying mineral lease. In addition to the work expenditures, Queensgate will issue 100,000 common shares of Queensgate to Miranda.

Montezuma Mines Inc.

Montezuma Mines Inc. is a mineral exploration company focused principally on the exploration of its Montezuma property in Nevada, on the advancement of its earlier stage exploration property Vasquir, also in Nevada, and the Kuusamo property in Finland.

CMQ Resources www.cmqresources.com

CMQ signed a Letter of Intent on Miranda's Red Canyon project in 2008 whereby CMQ can earn a 60% interest by funding $4,000,000 over five years. CMQ may then elect to earn an additional 10% by completing a bankable feasibility study or by funding $10,000,000 in additional exploration.The first year's work commitment of $500,000 is an obligation.


Last changed at 10-Feb-2009 02:18AM by Highgrader

Management & Directors

  • Managemenrt

    & Directors

    Kenneth D. Cunningham, M.S. Geo, B.S. Geo, P. Geo
    President, Chief Executive Officer and Director

    Mr. Cunningham has over 33 years of worldwide mineral exploration experience. During his career he has been involved in both gold and uranium discoveries, including the Death Valley uranium discovery in Alaska, the Dog Patch gold discovery in Randsburg, CA, and the Nike (4 million ounces) and Ren (+1 million ounces) discoveries in the Eureka-Battle Mountain and Carlin gold trends in Nevada. Prior to joining Miranda he held executive positions with Nevada North Resources, Uranerz U.S.A., Inc. and Tenneco Minerals Company. Mr. Cunningham is a Registered Professional Geologist and holds a Bachelor of Science degree in Geology from Oregon State University and a Masters in Geology from Texas Christian University. He serves as an Advisory Board of Uranerz Energy Corporation and as a Board Member of Oremin Metals Ltd.

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    Doris Meyer, CGA
    Chief Financial Officer and Corporate Secretary

    Mrs. Meyer is a Canadian Certified General Accountant and Chief Financial Officer and Corporate Secretary of Miranda Gold Corp. Mrs. Meyer gained her experience in the mining industry in performing the role of Vice President, Finance of Queenstake from 1985 to 2003 and Corporate Secretary until 2004. While at Queenstake, she was a part of or led negotiations of joint venture and acquisition agreements, and equity and debt financings. She was a key member of the team that negotiated the acquisition of the Jerritt Canyon mine in Nevada. Ms. Meyer organized her private company; Golden Oak Corporate Services Ltd. in October 2006 with Queenstake as her first client. Since that time Golden Oak has provided publicly traded mineral exploration companies with administrative, financial reporting and corporate compliance services. Ms. Meyer holds the position of Chief Financial Officer and Corporate Secretary of several mineral exploration companies trading on the AIM, TSX, TSX Venture and Amex stock exchanges.

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    Joe Hebert, B.S. Geo.
    Vice President of Exploration

    Mr. Hebert brings 22 years of experience from diversified mineral exploration and mining geology through to senior geologist and exploration management. 15 of these years have been focused in Nevada. Most recently, Mr. Hebert has been senior exploration geologist for the Cortez Joint Venture (Placer Dome and Kennecott Minerals) located on the Battle Mountain Trend in North Central Nevada. He was a member of the exploration team who discovered the +8.5 million ounce Cortez Hills deposit. During his tenure at Cortez he directed all generative and acquisition efforts within the joint venture area of interest. This included identifying and advancing the pediment-covered ET Blue Project where ore-grade intercepts are reported and intensive exploration work continues. He also secured, for the Cortez Joint Venture, an extensive land holding adjacent to the Horse Creek area. Mr. Hebert is credited with team participation in multiple gold discoveries in Nevada and Utah over the course of his career. This is the third time in the last eighteen years that Mr. Hebert and Mr. Cunningham have worked together. Each of the previous associations has resulted in successful exploration discoveries in Nevada.

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    Directors


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    James F. Cragg
    Director

    Mr. Cragg is one of the independent directors of the Company and has served in this capacity since December, 2004. Mr. Cragg is currently President and Chief Operation Officer of MegaPath Networks Inc., a leading North American IP communciations service provider and is proficient in financial analysis, negotiations, forecasting, deal making and investment banking. He was previously President and CEO of Linmor Inc., President and COO of PSINet, and President and COO of Advanced Communications Group, Inc.

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    Dennis L. Higgs, B.Comm.
    Director

    Mr. Higgs has been involved in the financial and venture capital markets for over twenty years, raising several millions of dollars in the United States, Canada and Europe. He founded his first junior exploration company in 1983 and took it public through an initial public offering in 1984. Since then, Mr. Higgs has been involved in the founding, financing and initial public listing of several companies, including Arizona Star Resource Corp. (Arizona Star was acquired by Barrick Gold Corporation at $18.00/share in December, 2007) and BioSource International Inc. (BioSource was acquired by Invitrogen Corporation at US$12.50/share in October, 2005).

    At present, Mr. Higgs serves as Chairman and a director of Uranerz Energy Corporation, a uranium exploration and development company, which he founded in March 2005 (TSX and AMEX: "URZ"), and serves as a director of Miranda Gold Corp., a Canadian public gold exploration company, which he founded in May 1993 (TSX-V: "MAD").

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    G. Ross McDonald, B. Comm, C.A.
    Director

    Mr. McDonald is a self-employed chartered accountant providing audit and tax services to small and medium sized businesses, primarily clients involved in the mining industry. Mr. McDonald is currently involved as Director of Fjordland Exploration Inc, Frontier Pacific Mining Corporation and Corriente Resources Inc.

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    Steve Ristorcelli, C.P.G, P.Geo.
    Director

    Mr. Ristorcelli is currently Principal Geologist for Mine Development Associates, an independent mining and geological consulting firm in Reno, Nevada. He is responsible for resource estimates and estimate reviews and audits, project evaluations of precious, base, noble and industrial projects worldwide and mine production reconciliation. He has 30 years of experience in the mining industry including supervision of exploration programs and developing resources for a variety of minerals and metals. Mr. Ristorcelli is a Director of other private and publicly traded companies in the mining industry.

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    Ian Slater, BBA
    Director

    Mr. Slater is the President and CEO of Fortress Minerals Corp., a gold exploration company which forms part of the Lundin Group of Companies. Mr. Slater has been involved in the gold mining industry for 16 years and most recently was a partner with Ernst & Young where he led their mining practice. Mr. Slater's expertise has also focused on Central Asia and Russia, dealing with government negotiations for many major mining companies. Mr. Slater has a Bachelor in Business Administration and is a Canadian Chartered Accountant. Mr. Slater is also a Director for Cornerstone Capital Resources Inc.

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    Personnel


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    Brian Cellura, M.S. Geo, B.S. Geo
    Senior Geologist

    Mr. Cellura has over 11 years of mineral exploration experience in Nevada. Previous to hiring on to Miranda, he conducted generative exploration on the Cortez Trend (Cortez Joint Venture) and in the North Carlin Trend and in that capacity contributed to regional and in-pit stratigraphy correlations and age dating that improved predictive ore-deposit modeling. Mr. Cellura specializes in data and computer systems and GIS capabilities and takes the lead on technical innovations in Miranda's exploration programs.

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    Steve Koehler, B.S. Geo, CPG
    Senior Geologist

    Mr. Koehler has over 18 years of mineral exploration experience on the Battle Mountain-Eureka and Carlin gold trends of Nevada. As a senior geologist with the Cortez Joint Venture, he was a member of the exploration team that discovered the Cortez Hills gold deposit. Under his guidance, project level exploration and drilling identified underground caliber gold mineralization adjacent to Cortez Hills. Additionally, Mr. Koehler took a lead role in developing and illustrating lower-plate carbonate stratigraphy in the Cortez District. These refinements defined new near-mine/generative exploration opportunities, and guided geologic reinterpretation of the Pipeline Mine. While with Newmont Mining Corporation on the Carlin Trend, Mr. Koehler is credited with team participation in discovering the West Leeville deposit, and discoveries at Four Corners, Hardie Footwall Extension and Crow. He is also directly responsible for discovering a rare-metal pegmatite district in northern Wisconsin.

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    Fiona Grant, B.A.
    Manager, Investor Relations

    Ms. Grant has a Bachelor of Arts degree in Sociology from the University of Victoria and a Marketing Management diploma from the British Columbia Institute of Technology. She specializes in Marketing Communications and manages the Investor Relations and Corporate Communications functions for Miranda Gold.

Broker Fact Sheet

  • MAD Broker Fact Sheet
    Thu Mar 29, 2019
    Fact sheet details
Miranda Gold
Symbol
MAD
Exchange
TSX-V
Shares
53,265,510 FD Oct 11 2008
Industry
Metals & Minerals
Website
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