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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.
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", but suspended until audited Financial Statements are completed. We are focused on exploring and developing high grade profitable gold-silver and rare metal mines in Nevada, with emphasis on our flagship Goldstorm property, as well as securing sales or options of our properties, including Gold Jackpot and Ziggurat.
Mexivada now is conducting advanced Phase 2 gold exploration at its flagship Goldstorm Project in Nevada, which is situated close to high-grade the Midas gold-silver mine owned by Klondex Gold Mines, 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 Sales, Options and Joint Ventures. The Gold Jackpot and Ziggurat properties are ready for option or sales. If your company is interested in optioning or purchasing any of our properties, please contact us by email at firstname.lastname@example.org
NEVADA PROJECTS: "Mexivada currently has 3 gold projects in Nevada, the home to many large gold and silver mines. Nevada is one of the world's most favorable place to work, according to a 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 and Fire Creek Mines near our Goldstorm property, and Barrick and Newmont operate several large gold mines nearby also. Klondex just purchased the Hollister Mine from Waterton Global Mining. Newmont Mining is developing the Long Canyon gold mine, which is just 70 km south of our Gold Jackpot property. Mexivada's Ziggurat Carlin-style gold lies adjacent to Newmont/Solidus's Northumberland Mine. These purchases of Nevada gold properties 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 3 of the major Nevada Gold Trends.
GOLDSTORM Au-Ag PROJECT: Mexivada controls the mineral rights to 9 unpatented claims totaling approximately 180 acres 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. This resulted in the discovery of high-grade Midas-style gold mineralization along the 50 metre wide "Clayton Veins" zone, where an Induced Polarization chargeability "high" was found in a Mexivada geophysics program. The adjoining Prochnau Veins system has high-level gold-silver mineralization exposed across widths of up to 15 metres wide and never has had a core or reverse-circulation hole drilled into the system. Together they comprise a highly prospective mine target to test. All of Mexivada's claims are paid up and valid for the coming year, and Mexivada holds a BLM-accepted Notice of Intent to Conduct Exploration for Goldstorm that is valid until August 11, 2018, and holds a reclamation bond in the amount of US$16,449. The Goldstorm property is ready for a new phase of exploration drilling.
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, Prochnau, Romarco, Crown Resources, Newmont, and WKM. The first core hole proved the Exploration Concept, delineating high-grade Midas Mine-style gold-silver mineralization! Only 1 of these holes was on the inferred best target zones in the western, uplifted part of the property. Goldstorm also may have good untested, large-scale Carlin-style ("CS") gold-silver gold targets with large gold potential along potentially uplifted WNW-trending fault blocks that are up to 7 kilometres long each. These major, through-going, wide WNW fault zones were open during emplacement of lamprophyre dikes at Cortez Silver, and were open for Carlin-style gold mineralization at Barrick Goldstrike, and open for gold-silver Midas-style Mineralization at both the Midas and Hollister gold-silver mines."
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 50 metre wide "Clayton Veins" zone. Other new gold targets further southwest, including the outcropping “J Veins” target area on Mexivada’s claims, 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 in the Goldstorm area, and 2 of these target zones lie on Mexivada’s claims, where mineralization crops out at the surface. The "Prochnau Zone" of quartz veining, which may extend on to the Mexivada claims, is a significantly wide system of high-level quartz veins with west-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 on the adjoining Ski claims, which holes were much too shallow to test the high-level 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, owned by billionaire John Paulson, controls a very large block of claims that adjoins Goldstorm to the north. 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 very favorable for Carlin-style gold deposits, and that a deep test hole should be drilled to a 700 metre depth. Three high-grade zones of Midas-style gold-silver mineralization that crop out at the ground surface. The Clayton Veins and Prochnau zones are wide and long 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. 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 4,500,000 ounces of gold and substantial silver has been mined to date at Midas. Mining continues there, now mostly exploiting a more silver-rich, lower grade remnant part of the large Midas mine property area. Newmont mined out much of the known high grade ore at Midas.
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 the main zone of brecciation and local significant gold mineralization is approximately 50 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 50 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 and RMIC Gold wish to conduct a 5 to 10 hole HQWL Core test drilling program on the best targets at Goldstorm in 2017, and we have a Notice of Intent To Conduct Exploration and bonded with the BLM to conduct new drilling. We also eventually would like to consider driving 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. These four unpatented lode 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 Mining and Peloton Minerals Corporation'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.
"ZIGGURAT CARLIN-STYLE GOLD PROPERTY, NEVADA:Mexivada owns 100% of its eleven (11) unpatented lode claims 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 +14,000,000 ounce 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 Carlin-style gold discovery was made at Ziggurat in 2012, with felsic intrusive dikes cutting altered Paleozoic rocks, similar to those in the Northumberland mine open pit. The main targets on Ziggurat have never yet been drill-tested, and Mexivada would like to drill them in 2017."
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.