VANCOUVER, Sept. 18 /CNW/ -
Goldstorm Property, Elko County, Nevada:
Mexivada's 3700 acre Goldstorm gold-silver property has been interpreted,
through new ground magnetic and gravity surveys, to have several excellent
target areas for Midas- and Carlin-style gold deposits. Outcropping,
high-grade Midas-type gold-silver mineralization has been found on the
property, and new Carlin-style gold exploration targets have been delineated.
Goldstorm is located 18 kilometres ("km") northeast of the giant, +40,000,000
ounce Twin Creeks - Getchell gold mine complex of Newmont and Barrick.
Metallurgically compatible milling facilities also are present at Newmont's
Midas Mine, situated 18 km to the southeast of Goldstorm.
Magee Geophysics recently completed ground magnetics and gravity surveys
at Goldstorm. These surveys, in conjunction with a substantial database of
geological, geochemical and past drilling data, were interpreted for Mexivada
by Wright Geophysics. Map data have been posted to Mexivada's website. The
surveys are interpreted to indicate west-northwest trending structural zones
with uplifted, shallow Paleozoic basement rocks and adjoining intrusive rocks,
with several areas that have never been tested for gold mineralization by
drilling. Recent detailed field work also indicates a mostly untested
north-northwest trending high-grade Midas type gold-silver system in the
western part of the Goldstorm property. This latter zone assayed 9.0 grams per
ton ("g/t") gold and 43.9 g/t silver, across a surface trench width of
Mexivada interprets these data to indicate Goldstorm to be a highly
favorable exploration area for Midas- and Carlin-style gold mineralization,
close to established mining infrastructure. Mexivada continues to evaluate its
large data package, and conduct field work to validate large-scale gold
targets. Mexivada will begin permitting for drilling in 2009.
Change of Business Model to Include Small-Scale Mining:
Mexivada Mining Corp. has changed its business model to include the
search for fast track opportunities to engage in small-scale mining of gold
and diamonds. Mexivada is evaluating several opportunities in countries that
promote such mining ventures. The goal of the company is to generate cash flow
from low-risk, low-cost mining ventures to augment its exploration budgets.
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 verified
the information and evaluated the interpretations contained in this news
About Mexivada Mining Corp.
Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, mining, and joint venturing high-grade
Gold-Silver, Diamond, Molybdenum, Tellurium and Rare Metal exploration
projects in Mexico, Nevada, and Africa. Managed by experienced and successful
board members and advisors, Mexivada is well financed with no debt. For
further information, including area maps, sections, 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