MIRANDA GOLD CORP.Miranda Gold Corp • April 19th, 2007 • Metal mining
Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce that it has signed an Exploration Agreement with Option to Form a Joint Venture with Piedmont Mining Company Inc. (“Piedmont”) (OTCBB: PIED) whereby Piedmont may earn a joint venture interest in the PPM project, located on the north end of the Battle Mountain-Eureka gold trend in Nevada. Under the terms of the agreement, Piedmont can earn a 55% interest in the property by spending $1,750,000 for exploration activities over a period of five years. A minimum work expenditure of $175,000 is expected in the first year with expenditure minimums increasing in subsequent years. Once the initial earn-in phase of 55% has been reached, Piedmont and Miranda will enter into a Joint Venture agreement for which Piedmont will be the operator. The PPM project covers 3.6 square miles (9.3 square kilometers) consisting of 116 unpatented lode mining claims. PPM is approximately 12 miles (19 kilometers) northwest of the Twin Creeks
