New AgreementAnyone know these guys? I could not find much beyond what is said about them here. Seem to be in Real Estate, not mining from what I see online vs. the blurb in the release.
"SIN Holdings is a public company comprised of a group of successfulfinanciers and geologists and whose focus is on advancedexploration inthe Americas."
Maybe it is a different group in the Real Estate sector.
Miranda Gold Signs Letter of Intent with SIN Holdings onRedlich Project
Last Update: 5/20/2010 9:30:02 AM
VANCOUVER, British Columbia, May 20, 2010 (BUSINESS WIRE) --Miranda Gold Corp. ("Miranda")(MAD) announces the signingof a Letter of Intent with SIN Holdings Inc. ("SIN")(SNHI)whereby SIN may earn a joint venture interest in Miranda's Redlichproject in Esmeralda County, Nevada.
Under the terms of the Letter of Intent, which is to be replaced by adefinitive option agreement, SIN can earn a 75% interest inRedlich byfunding US$3,000,000 in qualifying expenditures over a four yearperiod,followed by either completing a positive feasibility study withinthefollowing four years or by annually funding $1,000,000 inexplorationand development during the next 10 years. An optional 10%interest, fora total of 85%, can then be earned if SIN elects to fund all costsassociated with placing the project into production. The firstyear'scommitment of $500,000 is an obligation. Upon signing thedefinitiveoption agreement, SIN shall issue Miranda 200,000 common shares inthecapital of SIN.
SIN Holdings is a public company comprised of a group of successfulfinanciers and geologists and whose focus is on advancedexploration inthe Americas.
Miranda's Redlich project is located within the Walker Lane structuralcorridor, 55 miles (88 km) west of Tonopah, Nevada. The projectconsistsof 113 unpatented lode claims and covers 3.7 square miles (9.5 sq.km.).Previous drilling focused on a northwest-trending fault corridorhostinghigh-grade gold in low-sulfidation quartz veins and thick,continuouszones of disseminated / quartz stockwork-hosted gold surroundingthehigh-grade veins. Multiple drill intercepts of finely-bandedquartzveins contained gold grades exceeding 0.250 oz Au/t over 2 to 15ft (8.6g Au/t over 0.6 to 4.6 m) .
In 2008, Mine Development Associates of Reno completed an analysis ofdrill and assay data on the project, including an examination inthree-dimensional views. This review showed that a majority ofhighergrade intercepts on the project aligned along a best-fit planetrendingeast-west and dipping south. Higher grade gold values were alsoshown tooccur preferentially within a discrete vertical interval along theplane. This predictability of higher grade gold in horizontal andvertical dimensions will guide the design of an efficient coredrillingprogram in 2010.
The data disclosed in this press release have been reviewed and verifiedby Company Geologist and Nevada Projects Manager Steven Koehler,CPG,BSc. Geology and Qualified Person as defined by NationalInstrument43-101.
Corporate Profile
Miranda Gold Corp. is a gold exploration company active in Nevada,Alaska and Colombia and whose emphasis is on generating goldexplorationprojects with world-class discovery potential. Miranda performsits owngrass roots exploration and then employs a joint venture businessmodelon its projects in order to maximize exposure to discovery whileminimizing exploration risk. Previous partners include BarrickGoldExploration Inc., Newmont Mining Inc., Placer Dome (US) Inc.,Agnico-Eagle (USA) Inc., Romarco Minerals Inc., Golden Aria Corp.,theCortez Joint Venture and the Buckhorn Joint Venture. Miranda hasongoingpartnerships with Piedmont Mining Company Inc., White BearResourcesInc., Queensgate Resources Corporation, Montezuma Mines Inc.,NuLegacyCorporation, Red Eagle Mining Corporation, Ramelius Resources Ltd.andnow SIN Holdings Ltd.
ON BEHALF OF THE BOARD
"Kenneth Cunningham"
Kenneth Cunningham President and CEO
For more information visit the Company's web site atwww.mirandagold.comor contact Fiona Grant, Manager, Investor Relations1-877-689-4580.
Neither the TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX VentureExchange)accepts responsibility for the adequacy or accuracy of thisrelease.
This news release may contain information about adjacent propertieson which we have no right to explore or mine. We advise U.S.investorsthat the SEC's mining guidelines strictly prohibit information ofthistype in documents filed with the SEC. U.S. investors are cautionedthatmineral deposits on adjacent properties are not indicative ofmineraldeposits on our properties. This news release may containforward-looking statements including but not limited to commentsregarding the timing and content of upcoming work programs,geologicalinterpretations, receipt of property titles, potential mineralrecoveryprocesses, etc. Forward-looking statements address future eventsandconditions and therefore involve inherent risks and uncertainties.Actual results may differ materially from those currentlyanticipated insuch statements.
SOURCE: Miranda Gold Corp.
Miranda Gold Corp.
Fiona Grant, 1-877-689-4580
Manager, Investor Relations
Copyright Business Wire 2010