VANCOUVER, June 11 /CNW/ - Mexivada's Consulting Geologist, Edward Wells,
C.P.G., has reported the discovery of the strongest alteration and gold
mineralization found to date by Mexivada, at Mbandza on its exclusive
Malambani concession in the Mayoko greenstone belt in the ROC Congo.
The gold mineralization at Mbandza comprises pyrite and
quartz-pyrite-(epidote) bands in altered and silicified amphibolites, banded
iron formation ("BIF"), and granodiorite sills. Strong accumulations of
locally-derived placer gold with very large grain sizes are present here, with
one recovered nugget being 1.5 by 8 mm in size. A cobble of BIF found here
contained a +2 cm zone of 25% pyrite and 25% vein quartz. This Mbandza zone
will be unearthed by trenching and then channel sampled for gold assays. It
appears to correlate stratigraphically with the Kouchala gold-bearing BIF zone
located 1.25 Km to the southwest. A second major band of gold-mineralized BIFs
and amphibolites, situated 400 m to the south, is the Lemagna-Mifoulou-Tsopo
belt, which is 200 m wide, at least 1.3 Km in length, and both belts are open
along strike to the east and west. This area appears to have significant gold
potential. Detailed sampling work is scheduled here for June and July.
Gold reconnaissance exploration also has been started in the Lepindzi
gold-diamond target area, on the southwestern margin of the known North Gold
Belt at Mayoko, 8 km southwest of Lemagna. Substantial alluvial gold was
recovered from this area by hydraulicking by the Avoine Company after World
War II. Three gold-bearing areas were found by Mexivada in the initial
reconnaissance here in May 2008 along an 800 m length. The mineralization
found was principally pyritic disseminations and quartz-pyrite-(epidote)
veining in BIFs and amphibolites. Additional gold sampling work will be
conducted here in June, as well as some alluvial test sampling for diamonds at
structural intersections in the area. A new, motorized, alluvial
gold-diamond-garnet concentration device has been delivered to the Mexivada
field office at Mayoko, and is being used to speed up sample processing
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 Republic of Congo ("ROC Congo"). 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