Miranda Gold, Ramelius to Work on Nevada Project

Miranda Gold has signed an agreement to form a joint venture with Ramelius Resources for its Angel Wing project in Nevada, US.

Under the terms of agreement Ramelius will initially fund $4m over a five-year period. It will then earn a 70% stake in the Angel Wing project by completing a positive feasibility study over a four-year period.

The company will also provide $1m per year for exploration and development of the mine over the next ten years.

The Angel Wing project consists of 87 unpatented lode claims in north-east Elko County, Nevada.