VANCOUVER, Dec. 18 /CNW/ -
Moly Dome, Nevada:
Mexivada has completed three core drill holes of the Phase 1 exploration
program at its Moly Dome molybdenum-rhenium-gold-silver project in northern
Nevada, and the drill rig has been demobilized. The cores are being logged and
split at the company's field office in Owyhee, Nevada. Samples from the top
165 metres of hole 2007-1 have been delivered to the assay lab. Interpretation
of the results will commence upon completion of the core logging, and results
will be reported after receipt of geochemical analyses for molybdenum, rhenium
and silver and fire assays for gold. Molybdenite mineralization was noted in
all 3 drill holes however no conclusions can be drawn as to the nature or
extent of such mineralization prior to the receipt of assays.
La Republica, Yécora District, Mexico:
Mexivada Mining Corp. has completed 7 of 10 planned holes at its La
Republica silver property. Drilling is scheduled to resume on January 8th
2008. The company is still awaiting assay results.
Mayoko Gold and Diamonds Projects, ROC Republic of Congo:
Mexivada continues its steady program of detailed geologic and sampling
evaluation of the 8 by 23+ kilometre long Mayoko Greenstone belt, focusing on
the 10 km long Bingoumi-Lemagna sector of the northern gold belt, where lode
gold occurrences have been found by tracing placer gold "leads" upstream to
their source rocks in this prospective area. Bingoumi is the most favorable
sector found to date, where gold-mineralization to 7 metres in true width has
been found and sampled. Particles of gold weighing up to 4.4 grams have been
liberated from rocks at Bingoumi by crushing and obtaining panning
concentrates, on site. Channel samples from this area have been sent from
Mayoko by Mexivada to ISO-certified assay labs in Johannesburg. The field
crews will break for Christmas and return for work on January 3, 2008. Data
from Mexivada's 2007 field research program in the ROC for gold and diamonds
is being compiled and interpreted by company staff in Brazzaville and Nevada,
with help from third party researchers in Australia and with the U.S.
Geological Survey. An airborne magnetometry - VTEM survey for both gold and
diamonds is being planned for the 2008 summer field season.
This press release and its contents have been reviewed by Richard R.
Redfern, Mexivada's President, who is a Certified Professional Geologist and
Qualified Person as defined under National Instrument 43-101.
About Mexivada Mining Corp.
Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, and joint venturing high-grade Gold-Silver,
Molybdenum, Diamond, and Rare Metal exploration projects in Mexico, Nevada,
and the ROC Republic of Congo. Managed by experienced and successful board
members and advisors, Mexivada is well financed with no debt. For further
information, including area maps and photos, please visit our web site at
www.mexivada.com or contact us by e-mail at email@example.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"RICHARD R. REDFERN"
Richard R. Redfern
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Caution Concerning Forward-Looking Statements
This news release and related texts and images on Mexivada's website
contain certain "forward-looking statements" including, but not limited to,
statements relating to interpretation of mineralization potential, drilling
assay results, future exploration work, and the expected results of this work.
Forward looking statements are statements that are not historical facts and
are subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements, including, without limitation: risks related to
fluctuations in metals and diamond prices; uncertainties related to raising
sufficient financing to fund the planned work in a timely manner and on
acceptable terms; changes in planned work resulting from weather, logistical,
technical, governmental, social, or other factors; the possibility that
results of work will not fulfill expectations and realize the perceived
potential of the company's projects; uncertainties involved in the
interpretation of sampling and drilling results and other tests; the
possibility that required permits and access agreements may not be obtained in
a timely manner; risk of accidents, equipment breakdowns or other
unanticipated difficulties or interruptions; the possibility of cost overruns
or unanticipated expenses in these work programs.
Forward-looking statements contained in this release are based on the
beliefs, estimates, and opinions of management on the date the statements are
made. There can be no assurance that such statements will prove accurate.
Actual results may differ materially from those anticipated or projected.
Mexivada Mining Corp. undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates, opinions, or other factors,
For further information:
For further information: LionsGate Communication Corp., Telephone: (866)
922-6774 or (604) 866-7700, firstname.lastname@example.org, www.mexivada.com