The HOG sediment-hosted gold project is made up of 39 contiguous lode claims along the Battle Mountain-Eureka Gold Trend in Eureka County, Nevada (Figure 1). The project is 1.9 mi (3 km) east of US Gold's Tonkin Springs gold deposits and bounded on the east and west by Bravo Ventures Group, Inc. claims comprising their Pete Hanson project.
Miranda staked the 39 lode claims approximately 1970 ft (600 m) northeast of its Red Canyon Project, to cover an alteration cell, developed in lower plate carbonate rocks, adjacent to the Red Canyon and Pete Hanson Projects. Seventeen of these claims are within the Red Canyon Project lease area of interest, and will be included in the lease option agreement with Red Canyon Corporation, the underlying owner, and the exploration agreement with Montezuma Mines, Inc, Miranda's exploration funding partner at Red Canyon. A joint venture partner will be sought to explore the 22 claims that fall outside of the Red Canyon area of influence.
The HOG project is located on the northwestern flank of the Roberts Mountains approximately 73 miles (120 km) south of Carlin, Nevada. The project is on the Battle Mountain-Eureka Gold Trend, a northwest alignment of bulk-mineable gold deposits including Pipeline, Cortez Hills, Gold Acres, Cortez, Horse Canyon, Gold Bar and Archimedes (Figure 1). The property is 12 miles (19 km) southeast of the Cortez Hills deposit, a +12 million ounce sediment-hosted gold deposit currently being mined by Barrick.
Bravo reports the presence of "auriferous lower plate carbonate rocks and jasperoid" locally on the eastern and southern portions of their Pete Hanson Project with "grab samples of altered rock containing anomalous gold values of 0.3 to +3.0 g/t Au". Similarly, Miranda has silicified lower-plate carbonate rocks on the south end of the new claim block. The remainder of the project area is covered by pediment. The Hog Project may be within the large gold system footprint of the Tonkin Springs, Red Canyon and the Pete Hanson projects.