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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.
Goldstorm Nevada Targets
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MEXIVADA MINING CORP. owns and controls highly prospective Gold-Silver properties with large mine potential in mining-friendly Nevada in the United States of America. Mexivada is a junior mining and exploration / development company, public on the NEX Exchange, listed under the symbol "MNV.H". We are focused on exploring and developing high grade profitable gold-silver and rare metal mines, with emphasis on our flagship Goldstorm property in Nevada, as well as securing and assisting Joint Venture partners for certain of our properties. We are evaluating acquisition of additional tantalum-gold and other rare metal mines for rapid smaller-scale, high-profit mine production and cashflow, to create wealth for Mexivada's shareholders. Mexivada has a Joint Venture with Adoansi Mining in Ghana, for the production / banking assistance of alluvial gold from their 3 mining properties. We also are excellent prospect generators for gold targets and rare metal properties that could of interest to major mining companies.
Mexivada now is conducting advanced Phase 2 gold exploration and pre mine development design work at its flagship Goldstorm Project in Nevada, which is situated close to high-grade the Midas gold-silver mine owned by Klondex, and other mines owned by Newmont and Barrick. Mexivada's team of very experienced geologists and world class mining engineers and metallurgists has been associated with discoveries and mine developments worldwide. Management and friends control a large shareholding in Mexivada.
We are committed to increasing shareholder value through mining, exploration discoveries and by Options and Joint Ventures. The Gold Jackpot, Poker Flats, and Ziggurat properties are ready for joint venturing. If your company is interested in optioning or joint venturing any of our properties, please contact us by email at firstname.lastname@example.org.
NEVADA PROJECTS: Mexivada currently has 4 projects in Nevada, the home to many large gold, silver, and copper-molybdenum mines. Nevada is the world's 2nd most favorable place to work, according to the most recent Fraser Institute mining favourability study. Nevada companies are mining several giant gold deposits, along the Carlin, Getchell-, Cortez-Eureka, Midas, Pequop, and Round Mountain Trends. Klondex Mines is successfully operating the high-grade Midas Mine near our Goldstorm property, and Barrick and Newmont operate several large gold mines nearby also. Clover Nevada LLC (ex-Waterton Global Mining) is planning to re-start gold-silver mining at the Hollister Mine, east of Goldstorm, and on the same Midas Trend, and they have been purchasing gold mines and prospects all over Nevada, being the largest holder of gold properties after Newmont and Barrick. Newmont Mining is developing the Long Canyon gold mine, which is just 70 km south of our Gold Jackpot property. These purchases have put all exploration properties once again in the public eye for acquisition by the mid-size and major mining companies. Mexivada's properties are on or proximal to 4 of the major Nevada Gold Trends.
GOLDSTORM Au-Ag PROJECT: Mexivada controls the mineral rights to 55 unpatented claims totaling approximately 1,100 acres (1.71 square miles) in our highly prospective, 100% controlled 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. This resulted in the discovery of high-grade Midas-style gold mineralization along the "Clayton Veins" zone, where an Induced Polarization chargeability "high" was found in 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 Midas Trend holds some of the world's highest grade, profitably producing gold mines.
The Goldstorm area has had 53 previous exploration holes drilled for Midas-style gold deposits, nearly all in the eastern, down-dropped parts of it, by Touchstone, Romarco, Crown Resources, Newmont, and WKM. Only 1 of these holes was on 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 fault blocks that are up to 7 kilometres long each.
The WNW faults acted as conduits for Midas-style mineralization and host gold-silver mineralization at 60 metres below the ground surface in drillhole 2010-1 into the "Clayton Veins" zone. Other new gold targets, further southwest, have never yet been drill tested at all. Mapping and sampling of these targets began in September 2015. There are 5 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. The presently most significant target is the Clayton Vein system, where an eastward continuation for 2000m was just discovered by mapping; sample results are pending. The "Prochnau Zone" of quartz veining, situated north of the Clayton Veins zone 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 were much too shallow to test the Midas-style silica-gold-silver system that is present.
Metallurgically compatible milling facilities are present at Klondex'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 is now owned by John Paulsen's investment group. Snowstorm LLC has for 16 years been conducting exploration and very extensive deep drilling for Carlin-style gold deposits. We interpret that our Goldstorm ground could be 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 Veins zone is wide enough to hold a big-company-size gold-silver deposit 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 mostly exploiting a more silver-rich part of the large Midas mine property area.
A previous lessee at Goldstorm drilled two exploratory NQWL core drill holes in late 2010, which locations are shown on maps attached on this website. They reported that the first hole, into the "Clayton Veins" target, was drilled into a Midas-style fault-controlled, boiling zone sulfidic gold target that was defined by previous I.P. chargeability geophysics. Local zones of gold mineralization were encountered at the drill collar and between 63 and 125 metres core length from the surface. The true width of this intercept of brecciation and local 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. Recent field mapping, sampling, and additional claimstaking has extended the length of the Clayton zone by 1,500 metres to the ESE of the original drill intercept, and the zone remains open and unexplored in both directions.
Mexivada wishes to conduct a 5 to 10 hole HQWL Core test drilling program on the best targets at Goldstorm in 2015-2016, and we are permitted and bonded with the BLM to conduct such new drilling. We also eventually would like to drive a ramp decline into the Clayton Veins zone to bulk sample and explore it for larger mine potential.
GOLD JACKPOT Au-Ag-Te-Cu-Pb-In PROJECT: Mexivada 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 along the Pequop Gold Trend, 30 kilometres ("km") southeast of Jackpot, and approximately 70 km due north of Newmont's Long Canyon gold mine now under construction. Newmont and Montana Gold Mining's Golden Trail Carlin-style gold property lies only several km east of Gold Jackpot. 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 porphyry-style 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 its POKER FLATS Nevada Carlin-style gold property, located at the intersection of the Carlin Trend with the north-south Jerritt Trend. Poker Flats is a Carlin-style sediment-hosted gold property. It is situated southeast of Carlin and Newmont's Rain Mine, and is located on strike just south of Newmont's 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, 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 to further elucidate these exploration targets. Additional gold targets have been identified by Mexivada in the Mag Dome target area, which shows magnetic similarities to the 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% of its unpatented lode claim at the Ziggurat property, with the target being Nevada Carlin-style sediment-hosted gold deposits. The 100% controlled Ziggurat Carlin-style gold prospect is situated within the Round Mountain-Northumberland Gold Trend, north of Barrick-Kinross' giant Round Mountain Gold Mine and its open pit Gold Hill gold mine, and just southwest 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.
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.