Projects
Nevada
- Why Nevada
- CORTEZ TREND PROPERTIES
- Angel Wing
- Iron Point
- PPM
- Redlich
- Big Blue
- East Spruce
Colombia
- Why Colombia
- Pavo Real
Alaska
- Ester Dome
PPM
Summary
Figure 1. PPM Regional Location.
click to enlarge
PPM is a pediment-covered, gold exploration project on the north end of the Battle Mountain-Eureka gold trend in Humboldt County, Nevada. Miranda controls a 100 percent interest in 102 unpatented lode claims (3.3 mi2 / 8.5 km2).
Location
PPM is located on the west flank of the Hot Springs Range, approximately 30 miles (48 km) northeast of Winnemucca, Nevada and 12 miles (19km) west-northwest of the Twin Creeks gold mine (Figure1).
Geology
Miranda theorizes that the PPM project covers a geologic setting analogous to that of the major deposits of the Getchell Trend, where combined past production and current resources exceed 23 million ounces of gold from the Twin Creeks, Getchell-Turquoise Ridge, and Pinson deposits. Miranda has identified a pediment-covered gold target along northeast-striking faults, which extend southwest from a sediment-hosted mercury district (Figure 2). The claims are located over an area where those northeast-striking structures intersect gold-in-sagebrush geochemical anomalies proximal to the margin of an inferred buried intrusion (magnetic high). Sediment-hosted mercury occurrences are frequently in close spatial association with sediment-hosted gold systems and were documented previous to modern gold discoveries in the Carlin, Cortez, and Getchell Trends. The mercury occurrences adjacent to PPM may reflect zoning from a primary gold system under pediment near the intrusive margin.
Mercury mineralization in the Poverty Peak district adjacent to the PPM property is hosted in Permian calcareous sandstone, calcareous shale, phyllite and siltstone within the Golconda allochthon. Locally, gold up to 0.0291 oz Au/t (1.0 g Au/t) has been identified in rock samples in the mercury workings and associated mine dumps. The alteration associated with the mercury mineralization includes decalcification and iron staining. Barite veinlets in silicified outcrops (jasperoid) occur near the range front. The barite and jasperoids may also be indications of a pediment covered gold system.
Exploration History
Prior to Miranda's reconnaissance efforts, systematic property-wide exploration had not been completed. Miranda's efforts identified a gold-in-sagebrush geochemical anomaly and elevated mercury gas values between an inferred buried intrusion (magnetic high) and a sediment-hosted mercury district.
Joint Venture Exploration
In 2007 Miranda and Piedmont, Miranda's previous funding partner, completed a detailed gravity survey, a ground magnetic survey, sage geochemical sampling, and mercury in soil gas surveys to help define bedrock drill targets beneath pediment gravels.
Results of the 2007 program include:
2011 Plans
Miranda is currently seeking a joint venture partner for this project. A data package is currently available for review.
This disclosure contains information about properties which we have no right to explore or mine. We advise U.S. investors that the SEC's mining operations disclosure guidelines generally preclude disclosing information of this time in documents filed with the SEC as we must focus on properties in which we do have an interest. U.S. investors are cautioned that mineral deposits on adjacent properties are not necessarily indicative of mineral deposits on our properties.
click to enlarge
Figure 2. Getchell Overview. 
click to enlarge
Figure 3. PPM Geophysics. 
click to enlarge
PPM is a pediment-covered, gold exploration project on the north end of the Battle Mountain-Eureka gold trend in Humboldt County, Nevada. Miranda controls a 100 percent interest in 102 unpatented lode claims (3.3 mi2 / 8.5 km2).
Location
PPM is located on the west flank of the Hot Springs Range, approximately 30 miles (48 km) northeast of Winnemucca, Nevada and 12 miles (19km) west-northwest of the Twin Creeks gold mine (Figure1).
Geology
Miranda theorizes that the PPM project covers a geologic setting analogous to that of the major deposits of the Getchell Trend, where combined past production and current resources exceed 23 million ounces of gold from the Twin Creeks, Getchell-Turquoise Ridge, and Pinson deposits. Miranda has identified a pediment-covered gold target along northeast-striking faults, which extend southwest from a sediment-hosted mercury district (Figure 2). The claims are located over an area where those northeast-striking structures intersect gold-in-sagebrush geochemical anomalies proximal to the margin of an inferred buried intrusion (magnetic high). Sediment-hosted mercury occurrences are frequently in close spatial association with sediment-hosted gold systems and were documented previous to modern gold discoveries in the Carlin, Cortez, and Getchell Trends. The mercury occurrences adjacent to PPM may reflect zoning from a primary gold system under pediment near the intrusive margin.
Mercury mineralization in the Poverty Peak district adjacent to the PPM property is hosted in Permian calcareous sandstone, calcareous shale, phyllite and siltstone within the Golconda allochthon. Locally, gold up to 0.0291 oz Au/t (1.0 g Au/t) has been identified in rock samples in the mercury workings and associated mine dumps. The alteration associated with the mercury mineralization includes decalcification and iron staining. Barite veinlets in silicified outcrops (jasperoid) occur near the range front. The barite and jasperoids may also be indications of a pediment covered gold system.
Exploration History
Prior to Miranda's reconnaissance efforts, systematic property-wide exploration had not been completed. Miranda's efforts identified a gold-in-sagebrush geochemical anomaly and elevated mercury gas values between an inferred buried intrusion (magnetic high) and a sediment-hosted mercury district.
Joint Venture Exploration
In 2007 Miranda and Piedmont, Miranda's previous funding partner, completed a detailed gravity survey, a ground magnetic survey, sage geochemical sampling, and mercury in soil gas surveys to help define bedrock drill targets beneath pediment gravels.
Results of the 2007 program include:
- Detailed gravity resolved geological patterns beneath pediment cover. North-south and northeast-striking structural corridors and areas of near-surface bedrock were interpreted from the gravity. Indications of shallow bedrock occur on the eastern half of the PPM property (Figure 3).
- Ground magnetic survey data resolved the geometry and depth of a prominent magnetic high on the western portion of PPM. This feature is interpreted as a buried intrusion at a depth of 200-400m. North-south and northeast trending inflections in the magnetic data may indicate covered fault zones.
- Geochemical results from the sage sampling indicate zones of elevated Au, As, Sb, U, and Al. Some of these elevated zones are in close spatial association with interpreted bedrock highs and interpreted fault zones. These patterns indicate favorable areas for drill testing the surface of bedrock highs in 2008.
2011 Plans
Miranda is currently seeking a joint venture partner for this project. A data package is currently available for review.
This disclosure contains information about properties which we have no right to explore or mine. We advise U.S. investors that the SEC's mining operations disclosure guidelines generally preclude disclosing information of this time in documents filed with the SEC as we must focus on properties in which we do have an interest. U.S. investors are cautioned that mineral deposits on adjacent properties are not necessarily indicative of mineral deposits on our properties.