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TSX Venture Exchange: MNV
Frankfurt (Xetra) Exchange: M2Q
Deutsche Investoren klicken bitte hier PROJECT UPDATES ON WEBSITE:
| | | | Mexivada Mining Corp. is a junior mining and exploration company, interested in securing Joint Venture partners, that went public on the TSX Venture Exchange in 2005, trading under the symbol "MNV." Mexivada controls gold-silver, diamond, tellurium, molybdenum and uranium prospec ts in Nevada, Mexico, and the "ROC" Republic of Congo (Brazzaville). Mexivada's team of experienced geologists and mining engineers has been associated with discoveries and mine developments worldwide. Management controls a large shareholding in Mexivada. We are committed to increasing shareholder value through mining, exploration discoveries and by Joint Ventures. If your company is interested in joint venturing any of our properties, please contact us at info@mexivada.com or by calling CEO Richard Redfern directly at (1-775) 934-4675. Exploration and Small-Scale Mining for Cashflow: Mexivada explores for and acquires mineral properties that show potential to yield economically mineable, high grade deposits of precious and rare metals and diamonds. The company's principal focus is on finding properties with the geologic potential for "world class" deposits of 3- to 5,000,000 ounces of Gold or $1 billion of Diamonds, such as our Goldstorm, Nevada and ROC Congo gold and diamond projects. Recently, Mexivada changed its business plan to include the rapid development of small-scale mining projects for gold, diamonds, and rare metal deposits, where rapid cashflow may be earned. The company is evaluating several fast-track small-scale mining opportunities around the world, in business-friendly environments. Mexivada presently is evaluating its 100% controlled Bangadi and Riviere Bambounga gold placer systems for rapid start-up of alluvial gold mines in the ROC Congo (Brazzaville) on its 100% controlled Permis des Recherché exploration concessions, as well as a high-grade gold deposit in Mexico. NEVADA PROJECTS: Mexivada currently controls 6 projects in Nevada, the home to many world-class gold, silver, and molybdenum deposits. Nevada companies are mining several giant, 10-20,000,000 ounce gold deposits, in the Carlin, Getchell-, Cortez-Eureka, and Round Mountain Trends. Mexivada controls 149 lode mining claims (2,980 acres) and 800 acres of private land at its Goldstorm Au-Ag property in Elko County, Nevada. Goldstorm lies directly on the Northern Nevada Rifts Gold Trend and near the intersection of the Carlin and Getchell Gold Trends (+100,00,000 ounces of gold), northwest of the Midas Mine and northeast of the giant Twin Creeks-Getchell mega gold mine complex of Barrick and Newmont Mining. Goldstorm has had 51 exploration holes for Midas-style gold deposits drilled on certain parts of it by Touchstone, Romarco, Crown Resources, and Newmont (3 holes). Goldstorm has excellent untested, large-scale Carlin-style gold-silver gold targets along a 7 kilometre long uplifted "horst" that may have brought mineralization and Paleozoic target rocks to within 500 feet of the ground surface; excellent targets that have never been drill tested! This property has potential for a 5,000,000 ounce gold deposit(s). Metallurgically compatible milling facilities are present at Newmont's Midas Mine, situated 18 km to the southeast of Goldstorm, and at Twin Creeks. Mexivada has completed geological and geophysical surveys at Goldstorm, and the property is ready for JV and drilling. Mexivada is looking for a Joint Venture partner for Goldstorm. Mexivada is searching for a Joint Venture partner for drilling at its Ziggurat Carlin-style gold pro spect (1000 acres), situated within the Round Mountain-Northumberland Gold Trend, north of Barrick-Kinross' 14,000,000 ounce Round Mountain and its +1,000,000 ounce Gold Hill gold mines, and just south of Fronteer Development's large, +3,00,000 ounce Northumberland Mine gold mine. Mexivada recently completed geochemical and geophysical surveys at Ziggurat, and the property is ready for JV and drilling. Ziggurat holds good potential for discovery of a large Rodeo Mine sub-type, Carlin-style gold deposit, with gold mineralized Upper Plate rocks present at the surface on the property and Lower Plate limestones perhaps present at favourable depths. The most favorable parts of this property have never been drilled, and 2 gram per tonne gold-bearing rocks crop out just northeast of the drill targets, along a major regional feeder zone. Fronteer Development has just begun exploration drilling, just north of the Ziggurat claims boundary! Mexivada executed a Joint Venture with StoneShield Capital on its large-scale Jefferson gold- silver-tellurium-indium property, which is situated immediately east of Barrick/Kinross' 14 million ounce Round Mountain open pit gold mine along a major, regional gold feeder fault structure. Jefferson has substantial drill-indicated gold and silver resources that were delineated prior to the advent of NI 43-101, and it contains significant tellurium minerali zation and locally anomalous indium with the precious metals. A representative of First Solar (FSLR-NYSE) contacted Mexivada about its tellurium mineralization at Jefferson. Mexivada also is searching for a Joint Venture partner for drilling its fully permitted Carlin-style Poker Flats Au Carlin-stylesediment-hosted gold project near Carlin, located on strike adjacent to Newmont's Emigrant Springs project that is now undergoing mine development. Drill targets at Poker Flats have already been selected and prioritized, and drilling could begin immediately! Mexivada controls the Moly Dome porphyry/Cripple Creek style (?) Tellurium - gold-silver-molybdenum prospect, situated within the Nevada-Idaho Molybdenum Trend, east of the possibly similar Ashdown Mine near Denio. Mexivada completed an initial, 3-hole Phase 1 core drilling test at Moly Dome, which recovered wide intercepts of moly mineralization and local high-grade silver-tellurium-gold mineralization associated with carbonate veining that could indicate a hidden Cripple Creek style gold-tellurium system. This Mo-Au-Ag-Te mineralization is exposed at the surface, along with "float rock" indications of anomalous rhenium mineralization. In addition, the property holds potential for discovery of a Carlin-style gold deposit, with Carlin age (40 Ma) volcanics and gold-mineralized feeder zones present on the property and Lower Plate limestones likely present at favourable depths, beneath gold-mineralized upper plate rocks of the Valmy Formation. Mexivada controls the Opal Spring Carlin-style (?) gold prospect in northeastern Nevada, which also shows outcropping uranium-molybdenum adjoining and on strike with the Prince Uranium Mine property controlled by Gold Reef International. Gold Reef and Mexivada are searching for a Joint Venture partner for the projects area. GoldFields Mining Corp. drilled holes on the target area in the 1980s, finding gold mineralization reported to contain local 5 g/t gold assay values. MEXICO PROJECTS: Mexivada is searching for a Joint Venture partner for its 3 gold- silver and tellurium projects in northern Mexico. The advanced-stage Yécora Au-Ag- Zn-Pb project is located in the Sierra Madre Occidental gold-silver Trend of northern Mexico, near the Mulatos, Ocampo and Pinos Altos Mines. Coeur d'Alene Mines, owner of the on-trend Palmarejo silver-gold property, controls exploration concessions at Yecora located inside of and surrounding Mexivada's 1041 hectare property, but has yet to do significant work on them. Mexivada has completed Phase 1 core drilling at Yécora, which yielded good gold and silver assay results. Mexivada wishes to Joint Venture the Yécora project, and is open to proposals from qualified third parties on how to best advance it. Mexivada also controls other exploration concessions in northern Mexico, for gold, silver, and tellurium. We are searching for JV partners on these properties also. Our AuroTellurio project for gold, silver, and Tellurium is located near Moctezuma, Sonora, northeast of Hermosillo, Sonora. This property was staked to surround a new tellurium-gold mine reportedly under mine construction by an offshoot of First Solar Corporation (FSLR: NYSE). Mine personnel sinking a shaft there (Mina La Bambolla) told Mexivada geologists that tellurium values of up to 4 kg/ton were found there. Tellurium is a critical, rare metal component in First Solar's solar panels, selling for up to $300-$500/kg in 2008. Gold values of 4 g/ton and silver values of 5 g/ton were reported in the old sampling of the Bambolla Mine by SGM, the geological survey of Mexico. Mexivada controls lateral extensions of the main Bambolla vein system, and also controls 100% of the outcropping La Viuda vein system that lies parallel to the Bambolla system. Mexivada wishes to find a JV partner for its AuroTellurio property. Mexivada also controls the high-grade Tamazula gold- silver-(lead-zinc) prospect, which is located west of Topia, Sinaloa (Great Panther mine) and east of the state capitol at Culiacan. Both Tamazula and AuroTellurio are easily accessible by paved and good dirt roads. We also wish to find a JV partner for this gold-silver property. "ROC" REPUBLIC OF CONGO: Mexivada is searching for a Joint Venture Partner to further explore and mine its large, exclusively-held gold and diamond concessions in the ROC Republic of Congo (Brazzaville). The stable and peaceful ROC is a separate country that lies to the north of the Democratic Republic of Congo ("DRC"), with which it is often confused. Mexivada now controls four Phase 1 prospecting permits covering 9,156 square kilometres, and five exclusive, Phase 2 exploration concessions (Permis des Recherches, "PRs") that cover 1990 square kilometres for gold-and- connected substances and raw diamonds near Mayoko, in the southwest part of the ROC near the border with Gabon. The projects are centered on the Archean Mayoko Greenstone Belt, a past producer of alluvial gold and large gem diamonds. The three-year Malambani (2) and Bitsandou Permis des Recherches were signed on April 3, 2008 by the President of the Republic of Congo, the Hon. Mr. Denis Sassou N'Guesso, granting secure title to Mexivada, and received notice of granting of two additional Camp Socobois PRs covering our Vouka target areas. More than 33,600 ounces of alluvial gold, including a 1 kilogram gold nugget, and a 22-millimetre (+75 carats) world-class white gem diamond and a 7.0 millimetre (approx. 1.5 carats) "blue/yellow" diamond were recovered after World War II from Mexivada's exclusive Malambani concession area at Mayoko, and a reported "10 millimetre" diamond later was recovered by local prospectors near Mayoko at Makoubi. Recently, a new "gold rush" has begun adjoining our Malambani concession where up to 1,500 artisanal miners are exploiting a placer gold deposit near Mousondji. Mexivada has applied for a PR covering the Mousondji area. Gold: Mexivada's focus in ROC is on the discovery of large-scale, plus 1,000,000 ounce lode gold deposits, in addition to evaluating the known, substantial, high-grade placer gold deposits on site. Placer gold mining operations could be started up in relatively short order, with some deposits containing large gold nuggets and grades of 3 grams per cubic meter gold. Mexivada is exploring three 14 to +21 km long gold belts at Mayoko. At least four types of Archean lode gold deposits currently are recognized by Mexivada in the greenstone belt sequence at Malambani, including 1) Intrusive-related Disseminated gold-bismuth enriched zones at Ngouaka - Mingassa, FMI and Tsopo could represent open pittable targets of "Fort Knox"-type gold ); 2) Shear Zone hosted gold-quartz-(sulfide) veins along fault / formation contacts, such as at Bambounga, where a 1 kilogram gold-quartz vein slab "nugget" was mined; 3) Musselwhite-type BIF-hosted feeder- type disseminated and replacement gold mineralization in pyrite-gold-quartz sulfidation zones in and near banded oxide facies iron formations, as at Lemagna, where gold values to 11 grams per tonne in 1 m channels were taken by Mexivada; and 4) Metaconglomerate-hosted gold and diamond mineralization was reported by Russian investigators to occur near Mayoko. Diamonds: Mexivada has discovered alluvial diamonds in several places on its concessions, including a 3.5 mm white gem quality diamond at Bouawsa, a new area located in the 9 by 12 kilometre"NE Diamond Corridor" near Mexivada's modern, satellite internet-equipped field office complex at Mayoko. Mexivada also recently discovered a new area at Lepandza with two white diamonds found, including a nice 1 carat stone, and apparent kimberlite-associated chromite, where a sampling program has only now just begun, after recovering a "G-10" pyrope garnet. G-10 garnets typically are associated with diamondiferous kimberlites; meaning that a pipe could lie very nearby it. Mexivada also recently discovered macro diamonds at Madoka, where 3 additional diamonds of up to 4.5 millimetres in size were found, with 2 being gemmy and 2 of the 3 being colored stones. Several diamond-bearing target areas are present in our Bitsandou permit area, located south of Malambani, including Carrefour, Bikelele, Mahouta, and Mpoukou, where prospectors reported that alluvial diamonds up to 4 carats in size were recovered. Unsuccessful initial excavator testing was conducted at Bikelele in 2007. Historically, a 4500 carat alluvial diamond resource was outlined by Russian work in the late 1960's near Bikelele, and 17,000 carats of alluvial diamonds were mined after World War II by SOREDIA from our Nzambi prospecting permit area. Mexivada collected diamonds at Bitsandou, including a 0.15 carat flawless, inclusion-free, fancy coloured diamond gemstone of light blue-green color, and several gems of orange brown colours. The Chaillu appears to hold an abnormally high percentage of colored stones, including extremely rare bluish green stones. A fine 7 carat blue South African diamond recently sold for $9,000,00 at auction. No kimberlite pipes or dikes have been found by the company to date, but we remain optimistic that our concessions hold good possibilities for discovery of diamondiferous kimberlites, and especially at Lepandza where a G-10 garnet was found. Test samples are shipped to accredited fire assay labs, MMI and acid-reduction geochemical facilities, and diamond separation laboratories in South Africa. | | | | |
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