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Most of Mexivada Mining Corp.'s projects are located in Nevada, which is home to numerous world-class gold, silver, and molybdenum deposits. Nevada also is the site of many recent world-class gold discoveries. According to the Nevada Bureau of Mines and Geology, Nevada mines produced 7.318 million ounces of gold in 2003, making it the world's largest gold producer behind South Africa and Australia. The "Silver State" also led the United States in silver production with 10.246 million ounces produced in 2003.
Nevada has several significant structure-enclosed Gold Trends, such as the Carlin, Cortez, and Round Mountain-Northumberland Trends, each of which contain giant gold-silver deposits that individually contain over 10,000,000 ounces of economically mineable gold. The most recent world-class discovery is the +8.5 million ounce Cortez Hills - Pediment gold deposit discovered by the Cortez Joint Venture (Placer Dome / Kennecott), which is being acquired by Barrick Gold Corporation. The Cortez Hills discovery, with its high-grade drill intercepts, may be a defining moment in Nevada mining history. Mexivada is actively exploring, staking, and acquiring properties in each of these three gold Trends.
Nevada also is home to world class mines and deposits of molybdenum, with Idaho General Mines recently announcing that it would like to place the Mt. Hope porphyry molybdenum deposit near Eureka, Nevada into production. In addition, Quadra Mining installed a new molybdenum recovery circuit into its Robinson porphyry copper-molybdenum system, near Ely, Nevada. Augusta Resource Corporation has acquired and is evaluating the high grade Shell molybdenum deposit, located west of Ely.
Nevada also is home to volcanic-hosted hypogene(?) uranium deposits that have been mined in the past, particularly in eastern part of the State. Mexivada has staked an area in northeastern Nevada at Opal Spring, which shows uranium and molybdenum enriched rocks at the surface, along with evidences of earlier gold-silver mineralization alongside the uranium.
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