Mexivada Acquires High Grade Silver Mine La Republica Mexico.

The La Republica Silver Mine has never been drill tested below 300 ft. Encountered Silver grades at 300 ft depth are 6000 g/t silver over 33.8 metres. Mexivada will drill test the La Republica vein just below the 300 ft level within 4 weeks from now.

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market cap: $18 million

current rating: 'BUY'

Mexivada just broke its 4 month down-trend  to the upside on impressive news today concerning the acquisition of the La Republica Mine property in Chihuahua, Mexico, 12 kilometres south of Mexivada's Yécora property. This break-out therefore provides the investor a unique opportunity to buy or add to their exisiting positions.

The La Republica Mine was reported to have been the highest grade silver producer in Mexico at the time of its closure in 1911 due to the advent of the Mexican Revolution. By 1909 the mine was reported to have produced more than 10,000,000 ounces of silver, at high grades but the Republica vein system never has been drill tested below the 300 foot level. This is exactly what makes this project so attractive since engineering studies reported silver grades of up to 6000 g/t over 33.8 metres at the 300 foot level. This indicates that the Republica vein is thickening from near surface to the 300 foot depth level (near surface vein width is 1.66 metres).

Mexivada is fast tracking this project and is preparing already for mobilization of a core drilling rig to the site by Landdrill International in approximately 4 weeks, to test the La Republica mine area. Mexivada's initial drillholes will test the downdip extension of the main La Republica stope below the 300 foot mine level, as well as the northern and southern extensions of the Republica vein system.

La Republica Highlights:

• The La Republica project has never been drill tested before at depths deeper than 300 ft
• Encountered silver grades at 300 ft depth are 6000 g/t
• Vein below 300 ft will be drill tested within 4 weeks from now
• Also visible gold present at La Republica
• The La Republica mineral system remains open to the north and to the south of this mined and studied part of the area, and the vein was reported to occur along a strike length of 2 kilometres

So interesting times ahead for Mexivada, they have their drill rigs turning on its Gold Junction open pit gold target Nevada which will be followed shortly by drilling Mexivada's other open pit gold target on Poker Flats Nevada and the Republica project Mexico.

Technical view:

Mexivada just broke out of its 4 months down-trend to the upside. Its first price objective now is 1 CAD$ (measured move from break-out wedge formation). Downside risk is extremely low due to the recent surge in gold shares in general on top of this remarkable acquisition news.

Highlights latest press releases:

Mexivada Mobilizes for Drilling in Nevada at Gold Junction; Moly Dome Geophysical Program to begin in late June
Wednesday June 6, 9:30 am ET

Mexivada Mining Corp. has begun mobilization for Phase 1 reverse-circulation ("RC") drilling at its Gold Junction, Nevada property. The drill holes will have depths of approximately 50 to 200 metres to gold targets, testing for Round Mountain/Gold Hill type open pittable epithermal gold targets. Upon completion of the Gold Junction program, Mexivada plans to drill its Poker Flats Carlin-style sediment-hosted open pittable gold targets near Carlin, Nevada. Mexivada expects to drill a total of at least 8 holes in this Phase 1 program.

Editors note: Drilling on Gold Junction is already well underway
 

Moly Dome, Nevada Molybdenum-Copper-Gold Project:

Mexivada controls 47 lode mining claims at Moly Dome, located 120 kilometers north-northwest of Elko, in the Edgemont Mining District. Moly Dome has outcropping, moderately high grade molybdenum mineralization exposed at the surface. Copper and Gold-silver mineralization also are present on the property, in the same area as the molybdenum, but may be separate mineralizing pulses. Hand samples contained up to 0.359% MoS2, along with anomalous values of rhenium.

Mexivada has contracted with Durango Geophysical Operations of Durango, Colorado to conduct an Induced Polarization survey across the porphyry target area at Moly Dome later this month. Regional gravity and magnetic geophysical data suggest the presence of a large plutonic intrusive body(ies) at a shallow depth below the surface at Moly Dome, possibly associated with a porphyry moly-copper system that would be cut by a later gold-quartz mineral system of unknown size and origin.

Editors note: The Moly Dome Geophysical program will start before July 15, 2007

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Mexivada Options to Purchase High Grade La Republica Silver-Au-Zn-Pb Mine near Yécora, in Chihuahua, Mexico
Monday July 9, 9:30 am ET

VANCOUVER, July 9 /CNW/ - Mexivada Mining Corp. is pleased to announce that it has executed a 4-year license to conduct exploration with an option to purchase a 100 percent interest in the La Republica Mine property in Chihuahua, Mexico, 12 kilometres south of Mexivada's Yécora property. La Republica was reported to have been the highest grade silver producer in Mexico at the time of its closure in 1911 due to the advent of the Mexican Revolution.

By 1909 the mine was reported to have produced more than 10,000,000 ounces of silver, at high grades. The average mill head grade of ore above the 166 foot (50.6 metre; "m") level, calculated in late 1906, was 132.6 ounces per ton silver (4.54 kg/ton Ag), trace gold, 4.0 percent (%) zinc, and 0.8% lead

Engineering summaries and longitudinal sections dated January 15, 1907 and May 16, 1908 of this portion of the Republica Vein reported an average 12 foot (3.66 m) vein width on the 300 foot level that assayed an average of 175 ounces per ton silver (5.99 kg/tonne Ag) along a 111 foot (33.8 m) horizontal length of the north drift. This section indicates that the Republica vein thickened to that depth, from a vein width of 1.66 metres near the surface.

The Republica vein is 1.1 to 2 metres wide in exploration adits situated 350 feet (106.7 m) to the north of the main shaft, shows the presence of argentite, and has reported channel sample assay values of up to 2.65 kg per tonne silver across a 1.58 metre vein width. The La Republica mineral system remains open to the north and to the south of this mined and studied part of the area, and the vein was reported to occur along a strike length of 2 kilometres.

Local visible gold has been reported in the La Republica Mine, and veining at the surface appears to indicate 3 or 4 pulses of mineralization, with the high-grade silver event perhaps having been the last pulse. One early, brecciated phase of yellowish vein quartz looks similar to gold-mineralized vein quartz to the north at Mexivada's Yécora project. The property vendor reported that his two assay samples of the 5.5 foot (1.66 metre) wide vein on the 13 m level that he excavated in 1997, just north of the old mine workings, contained a) 497 g/tonne silver and b) 1 kg/ton silver and 1.0 g/ton gold in the latter sample.

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ABOUT MEXIVADA AND ITS PROJECTS:

Mexivada is a well financed junior exploration company which controls gold, silver, Diamond, uranium, and molybdenum properties in Nevada, Mexico, and Africa and headed by Rick Redfern, a former senior exploration geologist of Barrick Gold. It's most important projects are:

• ROC - Mayoko Gold/Diamond
• Mexico �?" La Republica Silver/Gold
• Mexico - Yecora Silver/Gold
• Nevada Gold Junction - Gold
• Nevada Poker Flats - Gold
• Nevada Jefferson - Gold/Silver
• Nevada Molydome - Molybdenum  
   

ROC - Mayoko Gold/Diamond project

Mexivada's flagship is without doubt its Mayoko gold/Diamond project Congo. On March 19 Mexivada reported to have discovered the probable source of alluvial mined  gold nuggets of 70 g to 1 kg in the past. They discovered outcropping quartz-gold mineralization across a 1.5 kilometre length where it was reported these large gold nuggets had been found.  Mexivada's  geologists report over and over again to have found visible gold on the Mayoko greenstone belt. The company just recently updated its website and stated to have found gold outcrops over a 13 km strike length.

Mexivada's president Rick Redfern sees striking similarities with the famous Homestake mine (Redfern worked at the Homestake mine) which produced over 35 million ounces of gold and publicly stated that the Mayoko greenstone belt has the potential for a world class gold discovery of 15+ million ounces.

Besides the gold excitement Mexivada is hunting for diamonds on its Mayoko and Bitsandou properties as well. Many macro diamonds have already been retrieved from the properties over the years (over 50+ recently, which can be seen on Mexivada's website), and the fact is that one of central Africa's largest gem diamonds ever produced was mined from Mexivada's permit area. Diamonds of such large size and sharp edges simply don't travel that far from their original sources, and thus may be from hidden kimberlite pipes or dikes in the permit areas. 

Mexico �?" La Republica Silver/Gold project

See above

Mexico - Yecora Silver/Gold project

Yécora is situated in the heart of the Sierra Madre Occidental (SMO) which hosts many world class deposits of gold and silver at Ocampo (Gammon Lake Resources), Mulatos (Alamos Gold), Palmarejo (Palmarejo-Bolnisi), Dolores (Minefinders) and El Sauzal (Glamis Gold). The Sierra Madre Trend will be Mexico's biggest gold and silver producer within a few years from now. The property is surrounded by a large concession owned by Bolnisi Gold, NL, the majority owner of the Palmarejo silver-gold deposit. Large-cap Aussie Bolnisi Gold also controls three small concessions within Mexivada's concession holdings.

Yécora already returned significant gold/silver grades but again, investors don't have to wait for that long in order to find out Yécora's true potential since Mexivada already finished a 18 hole drill program and is awaiting the results.

NEVADA:

Mexivada owns six gold-silver properties in Nevada and one uranium and one molybdenum property there.. Major points of interest:

Jefferson:

Mexivada's Jefferson's project contains two drill defined bodies of gold-silver mineralization that could host a resource base of more than 15 million ounces of silver and 100.000 ounces of gold.

This estimate was made by Richard A. Jeanne, a Certified Professional Geologist and Qualified Person under National Instrument 43-101. Mr. Jeanne characterized this body of rock as a mineable reserve in his report to Copper Range Exploration Company entitled "The Economic Geology of the Jefferson Volcanics Project, Nye County, Nevada."

Unfortunately due to the inability of Mexivada to obtain a complete project database for the Jefferson project, the above estimates by Mr. Jeanne should not be relied upon to comply with the requirements for ore reserve and resource estimates as laid out in NI 43-101.

Although the above figures aren't NI 43-101 compliant yet, it surely underscores the potential out there. Another encouraging sign is that in May last year a tremendous gold nugget of 55 pounds was found near the border of Mexivada's Jefferson property in the Round Mountain Mine. In addition, recent detailed geophysical work by Mexivada has generated new large scale, possibly skarn-related exploration targets around the periphery of Jefferson's Porphyry Hill area (see the Mexivada website), which were defined by a ground magnetometry survey.

Gold Junction:

The Gold Junction project is situated 15 kilometres north of the +11 million ounce Round Mountain Gold Mine (Kinross/Barrick JV, "RMGC"), and 6 kilometres north of the Gold Hill Mine property, which is controlled by Round Mountain Gold Company and Nevada Star Resources.

The Gold Junction Property project is being investigated as a possible major open pit gold-silver target similar in nature to Round Mountain and Gold Hill. Mexivada is currently test drilling Gold Junction. Results can be expected within two months.

Poker Flats:

The Poker Flats property is situated within the north-northwest-trending Carlin gold trend, which hosts the Rain/Emigrant Springs, Gold Quarry, Carlin, and Blue Star / Genesis disseminated gold-silver deposits, as well as the Meikle, Rain, and Saddle / Tess fault-controlled vein-style gold-silver deposits. In 1979, Newmont discovered disseminated gold mineralization approximately three miles north-northwest of the Property, which subsequently became the Rain, SMZ, Gnome, and Emigrant Springs gold deposits.

The exploration goal is to generate open pittable, heap leachable Carlin- or Meikle-Rain-Saddle type orebodies at shallow depths (80 to 150 metres), which could be mined and processed through Newmont Mining's expected new mining operation to be started up soon at Emigrant Springs.

Mexivada will commence drilling its Poker flats project after completion of its drilling program at Gold Junction

Molydome:

Mexivada controls 47 lode mining claims at Moly Dome, located 120 kilometers north-northwest of Elko, in the Edgemont Mining District. Moly Dome has outcropping, moderately high grade molybdenum mineralization exposed at the surface. Copper and Gold-silver mineralization also are present on the property, in the same area as the molybdenum, but may be separate mineralizing pulses. Hand samples contained up to 0.359% MoS2, along with anomalous values of rhenium. Yellow-brownish vein quartz with abundant blebby azurite and malachite also was found recently at the surface, suggesting the presence of copper mineralization at depth. Mexivada conducted geologic mapping, sampling, and brief soil gas geochemical testing here in 2006, and just completed detailed geological mapping and sampling of the main target areas. Rock chip samples in 2006 returned local anomalous values of gold to 0.16 gram per tonne (gpt Au) and to 64.6 gpt silver.

Mexivada has contracted with Durango Geophysical Operations of Durango, Colorado to conduct an Induced Polarization survey across the porphyry target area at Moly Dome later this month. Regional gravity and magnetic geophysical data suggest the presence of a large plutonic intrusive body(ies) at a shallow depth below the surface at Moly Dome

www.mexivada.com

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