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High-Grade Goldstorm Drill Core in 30m Width
Goldstorm Drill Core at 66-67m shows high-grade (9.29 g/t Gold, 72.6 g/t Silver) Midas-type gold-silver veining.
Mexivada "Mag Dome" Open-Pit Gold Target at Poker Flats
Mexivada discovers new open-pit gold target at Poker Flats property, south of Newmont's new Emigrant Mine and east of Gold Standard's Railroad.
Geophysics has indicated new Porphyry target, with Bambolla Mine Gold-Tellurium Target and LaViuda multi-metal target.
Bambolla Mine Target, AuroTellurio
Goldstorm Nevada Targets
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MEXIVADA MINING CORP. owns and controls Gold-Silver and Hi-Tech Rare Metal properties with large mine potential in Nevada and in Sonora, Mexico. Mexivada is a junior mining and exploration and development company, public on the NEX Exchange, listed under the symbol "MNV.H" We are focused on exploring and developing gold-silver and rare metal mines, as well as securing and assisting Joint Venture partners for certain of our properties. Mexivada controls Gold-Silver, Tellurium (photovoltaics), Indium (LCD Panels), copper, lead-zinc prospects in Nevada and Mexico. We are evaluating acquisition of additional tantalum and other rare metal mines for rapid smaller-scale, high-profit mine production and cashflow, to create wealth for Mexivada's shareholders. We also are excellent prospect generators for targets and properties that are of interest to major mining companies.
Mexivada now is conducting advanced Phase 2 gold exploration work at its flagship Goldstorm and Jefferson Projects in Nevada, which are situated close to gold-silver mines owned by Newmont, Barrick, and Kinross. Mexivada's team of very experienced geologists and world class mining engineers and metallurgists have 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 Options and Joint Ventures. The Yecora and Gold Jackpot properties are ready for venturing. If your company is interested in optioning or joint venturing any of our properties, please contact us at firstname.lastname@example.org or by fax at 1-775-738-6705.
NEVADA PROJECTS: Mexivada currently has 5 projects in Nevada, the home to many large gold, silver, and copper-molybdenum mines. Nevada companies are mining several giant gold deposits, in the Carlin, Getchell-, Cortez-Eureka, and Round Mountain Trends. Newmont Mining purchased Fronteer Gold's main Nevada gold exploration and development properties, focusing on Long Canyon, which is just south of our Gold Jackpot property. Waterton Global Mining announced their intent to purchase Newmont's Midas Mine and to continue gold-silver mining at the Hollister Mine. These purchases have put all exploration properties once again in the public eye for acquisition by the mid-size and major mining companies. Two of our 5 Nevada projects have been optioned out to third party companies. Mexivada's properties are on or adjoining to 5 of the major Nevada Gold Trends.
GOLDSTORM Au-Ag PROJECT: Mexivada controls the mineral rights to 68 unpatented claims totaling approximately 1,360 acres (2.12 square miles) in the highly prospective, flagship Goldstorm Project area in Elko County, Nevada. A previous lessee drilled 2 exploration holes in the Goldstorm area in late 2010, drilling for Carlin-style and Midas Mine-style gold-silver mineralization, which resulted in the discovery of high-grade Midas-style gold mineralization, at the site of the "Clayton Vein" Induced Polarization chargeability "high" that was generated by a Mexivada geophysics program.
Goldstorm lies directly on the Midas - Northern Nevada Rifts Gold Trend (Midas Mine, Hollister Mine, Fire Creek Mine) and near the intersection of the giant Getchell Gold Trend, just northwest of the Midas Mine and just northeast of the giant Twin Creeks-Getchell-Turquoise Ridge sediment hosted Carlin-style gold mines complex of Barrick Gold and Newmont Mining.
The Goldstorm area has had 53 previous exploration holes for Midas-style gold deposits drilled on it, nearly all in the eastern, down-dropped parts of it by Touchstone, Romarco, Crown Resources, Newmont (3 holes), and WKM, mostly away from the inferred best target zones in the western, uplifted part of the property. Goldstorm also may have excellent untested, large-scale Carlin-style ("CS") gold-silver gold targets with large gold potential along 3 uplifted, WNW-trending "horst" fault blocks that are up to 7 kilometres long each. These faults acted as conduits for mineralization and brought basement target rocks to within 60 metres of the ground surface in drillhole 2010-1 into the "Clayton Vein." The other targets have never yet been drill tested to depth. There are 4 significant gold-silver Midas-style vein target zones on Mexivada's Goldstorm property, and 3 of these target zones show zones of gold mineralization that crop out at the surface. One of these significant targets is the "Rick" Vein that lies to the east of the Clayton vein, which may be an extension or an en echelon subparallel vein along strike. The "Prochnau Zone" of quartz veining, up on top of the Goldstorm system, is a significantly wide system of high-level quartz veins with northwest trends. Casey Research Hall of Fame explorer John Prochnau and his Syndicate found and initially explored this zone, with 6 very shallow air-track drillholes, 27 to 40 metres in depth, which would have been much too shallow to test the Midas-style silica vein system present.
Metallurgically compatible milling facilities are present at Newmont's Midas Mine, situated 18 km to the southeast of Goldstorm, and at the giant Twin Creeks - Turquoise Ridge mines complex. Barrick Gold is evaluating the possibility of developing a "Super Pit" gold mine at the nearby Turquoise Ridge Mine. Snowstorm LLC controls a very large block of claims that adjoins Goldstorm to the north, which effort has been funded by John Paulsen and other investment groups. Snowstorm LLC has been conducting very extensive deep drilling for Carlin-style gold deposits. We interpret that our Goldstorm ground is as more favorable than Snowstorm LLC's ground, and ours has received no deeper drilling, and we have delineated 3 high-grade zones of Midas-style gold-silver mineralization that crop out at the ground surface. The Clayton Vein fault system is wide enough to hold a big-company-size gold-silver body in it, and our discovery drillhole appears to be near the top of the interpreted system. At Midas the ore zone extends to 500+ metre depths below this top zone, and perhaps to 700 metre depths at Fire Creek (Klondex Mines). The Midas Mine had initial drill indicated resources of more than 3,000,0000 ounces of gold and 25,000,000 ounces of silver, and approximately 4,000,000 ounces of gold and substantial silver has been mined to date at Midas. Mining continues there, now exploiting a more silver-rich part in the eastern, Esmeralda part of the Midas mine property area.
A previous lessee at Goldstorm drilled two exploration NQWL core drill holes in late 2010, and these hole locations are shown on maps attached on this website. They reported that the first hole, into the "Clayton Vein" target, was drilled into a Midas-style fault-controlled, boiling zone sulfidic gold target that was defined by previous I.P. chargeability geophysics. A zone of gold mineralization was encountered between 63 and 125 metres core length from the surface. The true width of this 62 metre wide zone of brecciation with significant gold mineralization is approximately 30 metres, which is far wider than either the Colorado Grande or Gold Crown Veins fault systems at the Midas Mine. Gold values were found in 6 sub-parallel high-level veins in the 30 metre wide zone, with up to 9.29 grams per tonne gold and 72.6 grams per tonne silver across 1 metre of core length were assayed in this first drillhole in an interval between 66 and 67 metres, in several narrow to moderate width high-level silica veins.
Mexivada wishes to conduct a 5-hole RC / Core test drilling program on the best targets at Goldstorm in early 2014, and we are fully permitted and bonded with the BLM to conduct such new drilling. We also would like to drive a ramp decline into the Clayton Vein zone to bulk sample and explore it for larger mine potential.
JEFFERSON Au-Ag-Te-In PROJECT: Mexivada controls the large Jefferson gold-silver-tellurium-indium property, in Nye County, Nevada. Jefferson is situated immediately east of Barrick/Kinross' Round Mountain open pit gold mine property along a major, westerly-trending regional gold feeder fault structure. A large multi-body gold-silver deposit was drilled on Jefferson in the 1980's by Copper Range and Echo Bay Mines, which needs updating to meet 43-101 standards. A representative of World Industrial Minerals, a subsidiary of First Solar Corp. (FSLR-NYSE) contacted Mexivada about the tellurium mineralization at Jefferson. Mexivada has been formulating drill targets at Jefferson, using industry-standard Leapfrog and Vulcan 3-D modeling software. Copper Range Exploration and Echo Bay conducted extensive previous drilling on the property in the 1980s. Mexivada is now evaluating funding proposals for a well-capitalized venture partner to assist in drilling and develop the Jefferson Au-Ag property. Jefferson is one of the few remaining large properties in Nevada with substantial drill-indicated bodies of gold-silver mineralization that have remained untested in recent years. Pincock, Allen and Holt designed an open pit mine plan and metallurgical process flowsheet to develop Jefferson as an open pit gold-silver mine. Mexivada wishes to conduct a 20-30 hole RC / Core test drilling program on the best targets at Jefferson in 2014; we still need to do drill permitting and bonding with the USFS to conduct such new drilling.
GOLD JACKPOT Au-Ag-Te-Cu-Pb-In PROJECT: Mexivada now controls a 100% interest in its Gold Jackpot, Nevada Emperor Mine / Carlin-style gold property for exploration and drilling. The claims are on the east edge of the Contact Mining District on the newly discovered Pequop Gold Trend. The property lies 30 kilometres ("km") southeast of Jackpot, approximately 70 km due north of Newmont-Agnico Eagle's Pequop/Long Canyon new gold discoveries, and south of Newmont/West Kirkland's Gollaher gold property. Sediment-hosted disseminated and vein-type gold-silver-tellurium mineralization at Gold Jackpot contains local high grade gold, silver, tellurium, lead, and copper mineralization in surface outcrops. Tenneco Minerals drilled 28 shallow rotary or reverse-circulation drill holes at Gold Jackpot in 1988-90, with good local mineralization found, and these data are available for purchase. Mexivada interprets the Gold Jackpot area to have good potential for discovery of a large-size gold deposit present at shallow depths and perhaps for intrusive related gold-copper mineralization at depth. Mineralized rocks seen on the property to date are mostly oxidized. No drillholes of moderate to deeper depths have ever been drilled on this quality property. This unpopulated area has good access, and sufficient room is present for large scale mine facilities and dumps/heaps. Mexivada's consulting geologists conducted detailed geologic mapping and sampling at Gold Jackpot in 2010 and 2011.
POKER FLATS CARLIN-STYLE GOLD PROJECT: Mexivada owns 100% of but has optioned up to 75% of its POKER FLATS Nevada Carlin-style gold property to Spartan Gold Ltd. and Sphere Resources Inc. for exploration and drilling. The Poker Flats Au Carlin-style sediment-hosted gold property, comprising 64 unpatented lode claims comprising 1,280 acres and 3 large blocks (1,760 acres) of leased private ground. Poker Flats is situated southeast of Carlin and Newmont's Rain Mine, and is located on strike just south of Newmont's new Emigrant Mine gold property. Poker Flats also lies immediately adjacent, on the east side, to Gold Standard Ventures' Railroad property. Gold Standard announced multiple large financings, and subsequently has been diligently drilling the property, and made three significant high-grade potentially open pitable gold discoveries on their Railroad property, with the highest grade drillhole in the North Bullion target zone returning an interval of Carlin-style gold mineralization containing 164 metres averaging 4.26 grams per tonne gold, including 18.3 m @ 7.03 g/t Au. The Railroad Fault gold zone on Gold Standard's property projects eastward directly on to the Poker Flats property, and the main gold zone at Newmont's Emigrant mine property projects directly southward on to Poker Flats. CSAMT geophysics is proposed to be used by Sphere to further elucidate these exploration targets at Poker Flats. Additional gold targets have been identified by Mexivada in the Mag Dome target area, which shows magnetic similarities to the new Bullion target zone gold-copper discovery of Gold Standard Ventures. Drill targets at Poker Flats are being selected and prioritized, and some are ready for permitting and drilling.
ZIGGURAT CARLIN-STYLE GOLD PROPERTY, NEVADA: Mexivada owns 100% but has optioned up to 75% of its 21 claim Ziggurat Nevada Carlin-style gold property to Spartan Gold Ltd. and Sphere Resources Inc. for further exploration and drilling. The 100% controlled Ziggurat Carlin-style gold prospect (440 acres) is situated within the Round Mountain-Northumberland Gold Trend, north of Barrick-Kinross' giant Round Mountain Gold Mine and its large Gold Hill gold mines, and just south of Newmont's large Northumberland Mine gold mine system. The Whitehorse Draw discovery was made at Ziggurat in 2012, with felsic intrusive dikes cutting altered Paleozoic rocks, similar to in the Northumberland mine open pit.
MEXICO PROJECTS: Mexivada has 2 significant gold properties in the State of Sonora, Mexico. The advanced-stage Yecora project is located in the Sierra Madre Occidental gold-silver Trend of northern Mexico, near the Mulatos, Ocampo and Pinos Altos Mines. Coeur Mining Inc., owner of the on-trend Palmarejo silver-gold property, controls exploration concessions at Yecora located inside of and surrounding Mexivada's property, and conducted a brief, limited, incomplete-test drill program on several of their targets at Yecora in 2009. Mexivada completed Phase 1 core drilling at Yécora, which yielded local good gold and silver assay results. The property hosts high-grade lead-silver mineralization in the southwestern part of the property, which has never been explored for Peñasquito-style Au-Ag-Pb-Zn mineralization. Mexivada is investigating the possibility of conducting small-scale gold-silver mining production of the very high grade Lupe Alma gold-silver chute on our property. Mexivada also is open to proposals from qualified third parties on how to best advance it.
Mexivada's AuroTellurio property for Gold, Silver, and Tellurium is located near Moctezuma, Sonora, northeast of Hermosillo, Sonora, adjacent to a high grade tellurium-gold-silver mine, the Mina La Bambolla. Mexivada owns 80% of the property, and 20% is owned by California Gold Corporation, which had optioned the property. The concession fees for AuroTellurio are paid up to date. AuroTellurio was staked to surround the Bambolla Mine, a high-grade gold-tellurium prospect and former producing gold-silver-tellurium mine controlled by TelOro, which is believed to be a Mexican company offshoot from First Solar Corporation. Old mine maps of the Bambolla Mine property, purchased by Mexivada, show local high-grade rock chip mine sample assay values of gold and tellurium in the old Bambolla mine workings. Nine separate vein systems are shown on these old maps, which occur along structures of the Mojave-Sonora Megashear fault system, which extends for many hundreds of kilometres of length in northern Mexico, containing many gold systems along its length, including the Mina San Francisco of Timmins Gold, and the El Chanate Mine of AuRico further west. Tellurium is a critical, expensive, rare metal component in First Solar's and general Electric's photovoltaic solar panels, selling for up to more than US$300/kg in 2008.
The AuroTellurio property controls part of the eastern lateral extension of the main Bambolla vein system, and also controls the outcropping La Viuda Au-Ag vein system that lies parallel to the Bambolla gold-tellurium mine system, in a down-thrown fault block on the south flank of the uplifted and eroded Bambolla Mine block. CalGold conducted geological and geophysical work on the AuroTellurio property before their option terminated, and made a new discovery of an intrusive-related exploration target through geophysics, on the LaViuda-1 mineral concession. This is a major geophysically defined target but has never yet been drill tested.
The Company's President and CEO, Richard R. Redfern, M.Sc. and Certified Professional Geologist, a 'qualified person' for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has approved the information contained in this website, and evaluated the interpretations contained therein.