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Miranda Gold Corporate Presentation - November 2010
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Miranda Gold Corporate Presentation - November 2010

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  • 1. www.mirandagold.com Advancing Exploration for World-Class Gold Discoveries
  • 2. This presentation contains forward-looking statements and factual information that are current as of the date the presentation was originally delivered. Miranda Gold Corp. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of properties; future prices of mineral resources; accidents, labor disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals of financing. The qualified person for any technical information in this presentation is Ken Cunningham, President and CEO. The information in this presentation has been obtained by Miranda from its own records and from other sources deemed reliable. However, no representation or warranty is made as to its accuracy or completeness. Forward Looking Statement
  • 3. Investment Profile Aggressive Project Generator ♦ Exploring numerous targets for greater chance at discovery 12 projects total ♦ 10 Nevada properties ♦ 1 Colombia property ♦ 1 Alaska property Joint Venture Business Model ♦ 7 projects actively JV’d $ 36.4 million Market Capitalization 51.2 million shares outstanding $10.2 million in working capital Creating Shareholder Value through Project Generation and Exploration for Discovery of World-Class Gold Deposits while sharing exploration risk through a Joint Venture business model
  • 4. Business Model: Project Generator / JV 1) Initial Exploration Expenditure  $3 – 4 M over four to five years  ~$400,000 first year obligation 2) Partner may then elect to earn a 70% interest by: a) Completing a bankable feasibility study OR b) Incurring $10M in exploration costs, at a rate of $1M per year for 10 years 3) Cash Payments to Miranda  $275,000 in 2009 4) Issuance of Stock to Miranda  Portfolio of 4 junior mining stocks
  • 5. Share Structure Share Issued 51,279,454 Options 6,192,000 Warrants 5,786,492 Fully Diluted 63,257,944 Recent Share Price 0.71 Market Capitalization 36,400,000 Cash Position $10.2 million Annual Burn Rate $2.5 million TSX-V: MAD 74,000 OTCBB: MRDDF 36,000 FSE: MRG 12,000 Ticker Symbols 3 Mth Average
  • 6. New Board Member: Paul van Eeden Strengthens Board of Directors ♦ Strategic thinker ♦ Macro economic expert ♦ Tough negotiator Increases Market Visibility ♦ Greater access to markets ♦ Investor following from experience as broker with Global Resource Investments Ltd. ♦ Investor following as newsletter writer and contributor to Canadian Business News Network (TV)
  • 7. Major Shareholders Total Managed & Institutional Ownership = ~40%  Global Resource Investments: 14%  Lukas Lundin: 6.7%  Adrian Day Asset Management: 6%  German High-Net Worth Investors: 5%  Taylor Fund LLC: 3.1%  Rule Family Trust: 2.9%
  • 8. AuEx (TSX-V: XAU) Increase based on takeover Discovery Potential Increase based on major discovery In Colombia Increase based on good drill & sample results Ventana Gold (TSX-V: VEN)Mirasol Resources (TSX-V: MRZ)
  • 9. Total Nevada Projects: 10
  • 10. Red Canyon, NV JV Partner: Montezuma Mines Inc. (CMQ) Target: Carlin-style disseminated gold – big alteration system 2009 drill results: 36.28 m of 5.211 g Au/t 2010 drilling: 3,433 m in 8 holes Results: 6.1 m of 1.714 g Au/t and 6.1 m of 2.95 g Au/t 2011 drilling: + 2,200 m in 10 holes
  • 11. Ice Zone Drill Target
  • 12. Red Hill, NV JV Partner: NuLegacy Gold Corporation Target: Carlin-style disseminated gold – on trend with major discoveries Following up on 2006 drill hole 13.7 m of 8.105 g Au/t $500,000 work commitment in 1st 15 months Drilling in mid-November 2010: ~1,500 m in 5 holes
  • 13. NuLegacy’s Expanded Red Hill Target Wilson Option Miranda JV Barrick Option Coal Canyon District Consolidation
  • 14. Angel Wing, NV JV Partner: Ramelius Resources Ltd. Target: Epithermal vein system Currently drilling: ♦ ~1,200 m in 8 – 10 holes Sampling results: ♦ Up to 92.5 g Au/t in outcrop ♦ 15.2 m of 1.609 g Au/t from vertical drilling
  • 15. Big Blue, NV JV Partner: Ramelius Resources Ltd. Target: Carlin-style disseminated gold Following up on outcrop samples containing up to 41.1 g Au/t $250,000 work commitment in 1st year Drilling in Q4 2010: ~900 m in 3 holes
  • 16. Ester Dome Location
  • 17. Ester Dome, AK JV Partner: Agnico Eagle USA Limited Targets: ♦ High-grade shear zones and intrusive related gold (Ft. Knox – 8 M oz) Following up on 1998 PDX drill hole ♦ 6 m of 91.2 g Au/t $500,000 work commitment in 1st Year $30,000 payment to Miranda Sheeted Veins in Meta-Sediments
  • 18. Ester Dome, AK Ryan Lode Grant Mine Ester Creek IAG Targets Shear Zone Targets Fairbanks
  • 19. Colombia: Frontier Jurisdiction Currently one of the hottest areas for junior mining companies First right of refusal on ExpoGold’s project portfolio ♦ One project optioned - Pavo Real ♦ Four awaiting license approval One active joint venture – Red Eagle Mining ♦ Terms submitted for JV on second project Currently interviewing for Country Manager La Colosa:13 M oz gold
  • 20. Pavo Real, Colombia JV Partner: Red Eagle Mining ♦ $500,000 work commitment in 1st Year Target: Distal copper/gold skarn ♦ Surface samples up to 57 g Au/t Air-Magnetic survey completed Working on surface access issues Acquiring additional concessions Panned gold near Pavo Real
  • 21. JV Drilling Forecast 2010 - 2011 Active JVs Planned Drilling Potential Drilling Project Partner Location Phase I Phase 2 Total # Total Ft Start Min $ Add'l $ Total $ # holes feet # holes feet Coal Canyon Queensgate Nevada 4 5,250 4 5,250 Compl. $440,000 terminated $440,000 Red Canyon CMQ Nevada 8 11,260 10 7,200 18 18,460 18-July $500,000 $500,000 $1,000,000 Angel Wings Ramelius Nevada 8 4,700 8 4,000 15-Oct $350,000 $350,000 Red Hill NuLegacy Nevada 5 5,000 5 5,000 Q4/2010 $500,000 $500,000 Big Blue Ramelius Nevada 3 3,000 3 3,000 Q4/2010 $250,000 $200,000 $450,000 Ester Dome Agnico-Eagle Alaska 10 7,500 10 7,500 Q2/2011 $500,000 $500,000 Pavo Real Red Eagle Colombia 8 3,000 8 3,000 2011 $500,000 $500,000 Redlich SIN Nevada in default $0 PPM Pedmont Nevada in default $0 Total JV Spending 46 39,710 10 7,200 56 46,210 3,040,000 700,000 $3,740,000 JVs In Review TAZ Nevada $400,000 $0 $400,000 Cajamarca Colombia $500,000 $0 $500,000
  • 22. 2010 Accomplishments Accomplishments ♦ 3 Nevada projects drilled – 2 Pending ♦ Aggressive entry into Colombia – 5 new projects ♦ Newly staked Nevada Project ♦ Four new JV Partners including one major and one mid-tier producer ♦ Stronger Board of Directors ♦ Added $4M to Treasury
  • 23. 2010 – 2011 Outlook Exploration Programs ♦ 7 joint ventures ♦ 2 projects under review for JV with terms submitted ♦ ~ 40,000 ft (12,192 m) of drilling in 2010-2011 - Three projects already drilled – 20,500 ft (6,248 m) - Anticipate drilling at Big Blue, Ester Dome, Pavo Real, Red Canyon & Red Hill – ~21,00 ft (6,462 m) $3.7 million in partner spending ♦ Plus an internal exploration budget of $1.8 million in Nevada and $0.7 million in Colombia Organizing and staffing Miranda Gold’s Colombian technical team
  • 24. www.mirandagold.com www.mirandagold.com