Vancouver, Feb. 25 /CNW/ -
REPUBLIC OF CONGO (Brazzaville)
Mexivada is pleased to report on exploration progress at its exclusive
Malambani and Bitsandou Permis de Recherches concessions for gold and diamonds
in the Republic of Congo (Brazzaville) ("ROC"). Mexivada's President, Richard
Redfern, has returned from Mexivada's Mayoko field office, where he visited
the Company's gold discovery at Bingoumi and its new discovery of large
diamonds at Madoka. In addition, Mr. Redfern and his Congo management team met
on February 19th and 21st in Brazzaville with Congo Mines Ministre Pierre Oba
and his staff, and were invited to dinner with the Ministre as a formal
introduction into Congolese mining society. Mexivada is one of only two
exploration companies that have recently been so honored by Ministre Oba, who
complimented the Mexivada team for its gold and diamond discoveries and for
its continuous, diligent work efforts on its Congo projects.
Mexivada has applied for new Permis De Recherches for raw diamonds and
for gold in the "Vouka" area south of Malambani, where Mexivada has a new
discovery of diamonds and kimberlite indicator minerals, in a terrane not
previously known to have been explored. Mexivada will provide further updates
on these projects in the immediate future.
LA REPUBLICA, SILVER, MEXICO:
Mexivada is pleased to report the completion of an 11-hole Phase 1 HQ
core drilling exploration program, with the La Republica vein being present in
each hole, and being thicker than expected in the 2008 drillholes. The core
fire assay results will be reported upon receipt and compilation.
MOLY DOME, MOLYBDENUM - GOLD, NEVADA:
Mexivada is pleased to report the successful completion of a 3-hole Phase
1 HQ core drilling exploration program at Moly Dome. All of the samples have
been logged, split, and sent to ALS Chemex labs in Elko, Nevada for gold fire
assay and 4-acid dissolution induction-coupled plasma analysis of molybdenum,
rhenium, silver, and other trace elements, and a few initial results have been
returned, confirming the presence of porphyry-type molybdenum-(copper)
mineralization and a later phase of gold mineralization of probable
Carlin-age. The core fire assay results will be reported upon receipt,
compilation, and interpretation of all assays, which effort is ongoing.
GOLDSTORM, GOLD-SILVER, NEVADA:
Mexivada is acquiring additional data on this high-grade Midas- and
potentially Carlin-type gold-silver target system, which is located
strategically on the Carlin Trend northwest of the Midas Mine, due east of the
Twin Creeks-Getchell-Turquoise Ridge mine complex of Barrick/Newmont, and
north of the Clover property of Yamana/Atna. Mexivada plans to acquire an
adjoining block of mining claims in the target area from a third party.
POKER FLATS, GOLD, NEVADA:
Mexivada controls claims, for which it holds drill permits, that lie
directly south of Newmont's to-be-constructed Emigrant Springs gold mine in
the Carlin-Rain mining district. Gold mineralization in hydrothermal or karst
breccias has been found immediately north of the Poker Flats claims boundary,
and Carlin-type gold mineralization has been found in prior drilling on the
Poker Flats claims. Staccato Gold has been drilling exploration holes just to
the northeast of Mexivada's claims; Mexivada plans to wait for their results
prior to finalizing its exploration plans for Poker Flats.
OPAL SPRING, GOLD-URANIUM-MOLYBDENUM, NEVADA:
Mexivada controls claims immediately adjacent to Gold Reef
International's Texas Canyon project. Gold Reef has been doing substantial
mapping and geophysical work on its claims to better delineate the gold and
uranium-molybdenum mineralization present in this area, and announced that it
had found high grade uranium mineralization cropping out at the surface,
adjacent to the Mexivada claims boundary. Gold Reef has announced that it
intends to conduct drilling at Texas Canyon in 2008. Mexivada intends to
evaluate their results before finalizing its exploration plan for Opal Spring.
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, 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