Miranda Gold believes the findings to date point to an epithermal deposit commonly with values above 12 g Au/t. A high veins density is inferred; some are well-defined probably others are yet to be discovered.
Exploration activities will be carried out in order to gather further information regarding deposit type, as well as to define areas of interest within applications –including extensions to structural corridors–, the number of veins present in each, their features, structural controls, ore shoot characteristics, geochemistry, alterations, and related data. The collected data will be used to define better drilling targets.
To this end, superficial reconnaissance work is proposed; this would include soil sampling, cartography, and taking advantage of tunnels already dug in the area. Alongside this work, we will work with local communities and authorities to promote awareness on the project and involve stakeholders, fostering collaborative work that will generate mutual benefits between Miranda and the communities.
Miranda is seeking a joint venture partner agreement on Argelia.
QA/QC Statement on Data Verification
Joseph P Hebert a qualified person has reviewed and verified Antares data and information, including surface sampling. Sample prep for Outcrop Gold surface samples was performed at ALS Chemex in Medellin and then shipped directly to ALS Chemex in Toronto for assays. Blanks, standards and duplicates were submitted for control, with one control sample included in approximately every twenty samples. Evaluation of control samples suggested assay results were of acceptable and repeatability and accuracy. IAM Gold used very similar use of blanks, standards and duplicates and used the same labs as Outcrop and also had suitable accuracy and repeatibilty.
There is no relationship between Outcrop Gold and ALS Chemex other than ALS Chemex providing assay services to the Company.
Geologic interpretations and inferences are provided by competent Company geologists and are considered verified for the current level of geologic understanding and evaluated by Joseph P Hebert, qualified person for the Company. At this stage of exploration there are no factors limiting or excluding verification of disclosure except for the general inherent uncertainty of geologic inference and models.