Miranda Industries Inc. changed its name to Thrush Industries (TRY on the TSX-V) and was involved in the Otish Mountain Diamond area play. Subsequently changed name once again to Miranda Diamond Corporation. At any rate Mexico appears to be in the distant past with this group although they still list their Las Catalinas Project as an asset.
ex-Miranda
Industries Inc.
MAD (TSX)
(NOTE: Miranda Industries Inc. is not the same as Miranda Mining Company which are the JV partners with Teck at Nukay.) Incorporated as Minas Miranda S.A. de C.V. for its Mexican operations.
Las Catalinas Project , Sonora. Project is located at the site of a small previous producer about 10 km southwest of Rosario de Tesopaco and 70 km east of Ciudad Obregon, in south central Sonora, Mexico Newly recognized environment for high-grade Au-Ag along with minor Cu-Pb-Zn. Geologic environment includes altered quartz monzonite with endoskarn. Finder's Fee is payable to somebody stay tuned for details. Land package is 3 claims covering 18,000 Ha. Titles have been received. Drill permits received in early December, 1998. Trenching and sampling continuing in February.
Grid sampling soil, rock (31 element ICP), trench and ground mag planned on priority 5 sq km ASAP. Expected to take one month. The Company wishes to announce that it has received the permits for its mechanical trenching and reverse circulation drilling program. Miranda has completed an initial phase of work which included gridding, geologic mapping, select grab and channel sampling, soil sampling, photo and satellite photo interpretations, magnetometer surveying, and hand trenching. of the concessions claimed by Miranda, comprising 175 square kilometers, only about 12 square kilometres have been mapped in detail. 40 trenches were completed . At present, the exploration is early stage and no deposit sizes can be stated although according to MAD it does appear that large precious metal deposits could be found within the limits of Minas Miranda’s Las Catalinas concessions. Miranda completed a road building and preliminary mechanical trenching program on Las Catalinas during December, 1998 and was able to expose bedrock while road building on four main target areas of the project: Amethyst, Barda, Chaos, and Jed. The program was successful in helping to determine the geology, structure and mineralization of these target areas, although controls for the mineralization at Chaos and Amethyst are yet to be defined. The results to date suggest that Barda, Jed, and Catalinas mineralized zones are part of the same vein system trending north-northwest for over two kilometres. It appears that one or more veins ranging from 1 to 3 metres wide occur within mineralized zones that to date show widths of at least 16 metres. Select rock samples in the Catalinas area have shown values up to 36 g/t gold. Mineralization at Chaos and Amethyst appear to be in zones of hydrothermal breccias and other shallow intrusive breccias with northwest, possible northeast, and north-trending veins. Both of these zones contain amethystine quartz and more than one stage of silica introduction along or near probable major west-northwest structures close to the southern margin of the main pluton. Though mineralized rock has been encountered in the trenching, nothing of sufficient magnitude has been found that could possibly explain the very large gold soil anomalies in these areas. These targets remain the highest priority because of their size potential. Miranda plans to continue the mechanical trenching program in the first week of February, 1999. Trenches at Chaos and Amethyst will attempt to locate the source of the gold soil anomalies and define the structural settings. Trenches at Catalinas and Barda are designed to extend the 2 + kilometre zone and attempt to locate wider, higher-grade zones of mineralization.LAMR January, 1999
CSW 22Jan99
Press Release 15Jan99
Press Release 3Dec98
GCN #188 30Sep98
Kaiser Bottom Fishing 28Apr98
NMN 6Apr98
GCN #18 27Jan98
GCN #137 117Jul98
GCN #11 16Jan98La Rastra Area Mpio. El Rosario, southern Sinaloa. Miranda had options on 9 concessions and terminated it's option on 8 of these as of 4Sep98. The only concession remaining in play here for Miranda is the Maria Fernanda. Had optioned six of these concessions to Eldorado Gold's Mexican subsidiary Minerales Prospectores Mexico, but Eldorado terminated its option Jan. '98 and flipped claims back to Miranda. Pre-existing Liens against claims have all been cleared. During Prospectores' tenure 6 trenches were constructed and sampled and 21 RC holes (1737m) were drilled.
Area included Maria Fernanda concession where two Au-Ag zones have been defined: The Saltilo Zone is 450m long soil anomaly 25m wide which ran 0.96 ppm. Drilling indicated a reserve of 49,700 oz of gold with additional potential along strike and at depth. The sub-parallel Papayal structure is 100m long and 6.5m wide and returned values of 1.3-2.0 grams Au .
GCN #171 4Sep98
La Rastra Area also also included La Colorada, a 14 ha concession whose title is in good standing. On La Colorada a 650m by 100m wide soil anonmaly averaged 0.87 ppm. Two more concessions Las Theresas and Gloriosa were picked up in September. Four of the eight concessions are under option to Eldorado Gold Corp. and in July, 1997 Prospectores Minerales Mexico (Eldorado) began drilling on RC program at La Rastra. These 21 holes totalled 1737m. In addition 6 trenches totaling 378 m were dug on the Maria Fernanda concession. Drilling included 4 to 14m intercepts at 0.5 to 2 to 3 grams. Best was 8m of 7.203 gpt Au.
GCN #4 Jan98 (drilling and trenching highlights)
Press Release 4Sep97
Press Release 29Aug97
Press Release 30Jul97
NMN v83#7 7Apr97
GCN #240 12Dec96
GCN #226 22Nov96
WWW data
CSW 22Nov96
GCN #121 21Jun96
NMN 11/27/95Leticia Au Property, Guerrero. As of January, 1998 MAD doesn't list Leticia as one of it's active projects, but info is still available through the WWW. Maybe property has reverted to original vendor?? Signed formal agreement with Franco Lopez to acquire 100% of 100 ha. concession in the southern part of the Morelos Au district near Nukay and just 2 kmSE of Newmont/Penoles 2 million ounce resource at Bermejal. Signed letter of intent in May, '97 to option 51% of this claim to Pacific Rim Mining Corp. Executed formal JV Agreement with Pacific Rim in early October, 1997. . Pacific Rim was the operator which included Leticia, Jossie I and Jossie II claims. They drilled it and dropped it back to MAD.
Press Release 23Sep97
CSW 30May97
GCN #102 28May97This concession lies along favorable contact of Laramide quartz monzonite stock and Cretaceous limestone in an area defined by a regional magnetic anolmaly. 54 of 57 recon samples returned detectable Au. During Dec.'96 around 17.5 line km were grid sampled at 50m intervals. At least half of property contains Au in soils over 50 ppb and this surrounds a 500m by 500m plus 100 ppb anomaly. A roadcut on Leticia returned 85 ft averaging 0.189 opt Au in the center of an entire 141 ft wide zone with the weighted average of .32 gpt. A mag survey along same gridlines showed strong anomalies. A 3,000 meter 31 hole RC program designed to test three concepts has been completed. These included (1) the skarn that forms at the limestone/intrusve contact; (2) a 100-200m wide NW-trending fault zone and attending stockwork which runs 200 ppb in soils; and (30 the uppermost part of the Morelos Formation which tends to form a distal skarn containing in excess of 0.5 gpt Au. Whereas two 1.5 to 3 m intercepts have returned around 30 gpt Au values (almost an ounce) which confirms the mineralization style exploited by the older underground workings, and these high-grade zones exist within broader envelopes of 20 m of 2.2 gpt Au, and 30 m of 1.45 gpt Au respectively, most of the other drilling has returned < 350 ppb.
WWW info
Press Release 19Nov97
Press Release 30Oct97
GCN #194 8Oct97
GCN #187 29Sep97
GCN #74 17Apr97
CSW 11Apr97
GCN #39 25 Feb97
Press Release 7Feb97
CSW 24Feb97
GCN #240 12Dec96
GCN #230 29Nov96
CSW 8Nov96
