Miranda Gold Corp. (”Miranda”) (TSX VENTURE: MAD)(OTCBB: MRDDF)(FWB: MRG)(BERLIN: MRG) has received phase one drilling results on the Coal Canyon project in Eureka County, Nevada. Miranda’s joint venture partner, Golden Aria Corporation (”Golden Aria”), completed a two-hole drill program totaling 2,020 ft (615.8m). The holes, MCC-1 and MCC-2, were designed to test resistivity and self-potential anomalies at the intersections of altered fault zones, in favorable lower plate carbonate rocks. The holes intersected six, 30 ft (9.1m) to 200 ft (61m)-thick zones of moderately decalcified, and variably silicified/clay altered silty limestone. Neither of the holes intersected significantly anomalous gold mineralization.

The Coal Canyon property consists of 64 unpatented lode claims in the center of the Cortez Trend, approximately three miles south of the Cortez Joint Venture’s ET Blue project and adjoining the northeast side of US Gold’s Tonkin Springs property. The property occupies two square miles (5.2 square kilometers) of the Coal Canyon lower-plate window comprised of the Devonian Wenban, Silurian-Devonian Roberts Mountain and Ordovician Hanson Creek Formations. These formations are important hosts for gold mineralization on the Cortez Trend.

Past exploration focused on the northwest-trending Grouse Creek fault that lies on ground controlled by others, adjacent to the southwest margin of Miranda’s property. Historic drilling along this fault has encountered significant gold mineralization of up to 85 feet of 0.022 oz Au/t (26m of 0.753 g Au/t) in the Hanson Creek dolomite and the underlying Eureka quartzite. Gold mineralization is associated with altered dikes, iron oxide and silicification.

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