Miranda Gold will 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 and can earn a 70% stake in the project by completing a positive feasibility study over a four-year period.

The company can also annually fund $1m in exploration and development of the mine during the next ten years.

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