VANCOUVER, June 12 /CNW/ - Mexivada Mining Corp. is pleased to report
that it has staked two new exploration concessions, the "AuroTellurio
property" near Moctezuma, Sonora, Mexico. The La Viuda and La Viuda 1
concessions total 7,697 hectares in size, around the La Bambolla
tellurium-gold mine, which is now under construction by a European mining
company. Mexivada's concessions cover the possible eastern extension of the La
Bambolla vein systems, and control the La Viuda fault-vein system outcrop
zone. Penoles also controls a concession around the mine and around La Viuda.
Bambolla geologists on site reported encountering very high tellurium
("Te") values to 4 Kg/ton Te, and a report in the Sonora Geological-Mining
Monograph by the Consejo de Recursos Minerales ("CRM") described the La
Bambolla vein system as a 2 metre thick quartz-pyrite-hematite-gold system
that contained 4.0 g/ton gold and 5 g/ton silver values. The mine dumps also
contain visible native tellurium as well as tellurite and sonoraite, which are
secondary tellurium minerals. The Moctezuma area also contains significant
zinc-lead-silver deposits, such as the Oposura Mine, where the CRM reported a
drill-indicated resource estimated at 800,000 tons at a grade of 6.04% zinc,
3.5% lead, and 19 g/ton silver. Mexivada plans to design an exploration
program to evaluate its land holdings at AuroTellurio.
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 firstname.lastname@example.org.
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.
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