Miranda expands in Mexico

The Mexican subsidiary of Vancouver-based Miranda Industries (MAD-V) has signed an option to acquire two mining concessions near La Rastra in Mexico’s Sinaloa state.

To acquire the properties, which lie 100 km south of the major port city of Mazatlan, Miranda must pay US$135,000 to the vendor over a 4-year period.

Miranda now controls eight concessions in the area, all of which exhibit classic epithermal gold mineralization.

Preliminary work on the two new concessions, called Theresas and Gloriosa, has shown them to be promising, Miranda says, and a detailed program is scheduled for later this year.

Four of Miranda’s concessions in the area are held in a joint venture with a subsidiary of Vancouver-based Eldorado Gold (eld-t).