| | Published : March 01st, 2008 | DISCOVERS FIVE NEW GOLD ZONES AT MAYOKO, REPUBLIC OF CONGO |
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MEXIVADA MINING CORP.
Suite
1400 � 400 Burrard Street
Vancouver, British Columbia
V6C 3G2
Tel:
(604) 689-1749 Fax: (604) 643-1789
March 3, 2008 TSX-V:
MNV
OTC: MXVDF
Frankfurt: M2Q
NEWS RELEASE
MEXIVADA DISCOVERS FIVE NEW GOLD ZONES
AT MAYOKO, REPUBLIC OF CONGO
Mexivada is pleased to
report on gold exploration progress at Mayoko in the Republic of Congo-
Brazzaville (�ROC�).
Two gold belts, the North
Gold Belt and the South Gold Belt, extend through Mexivada�s exclusive Malambani
Permis de Recherches concession for gold and connected substances. Mexivada has
discovered one new gold zone in the South Gold Belt and four new gold zones
within the North Gold Belt, where chip samples contained gold values of up to 11
grams per tonne gold in 1-metre (�m�) channel samples in altered, sulfidized
banded iron formation (�BIF�) host rocks at the Lemagna prospect. Two of the new
zones contain anomalous gold-bismuth mineralization, which could be indicative
of �Fort Knox�-type intrusive-related open pit gold targets. These localities
are shown on a map posted to Mexivada�s website at
www.mexivada.com.
NORTH GOLD BELT-
Lepindji-Bingoumi-Ngouhada-Lemagna Prospects: A series of gold prospects have been
found along the +15 kilometre (�km�) long North Gold Belt, tracing �leads� of
placer gold up to their source outcrops. Mexivada�s prospectors filled up a
glass Coca Cola bottle with gold nuggets and flakes at the �Coke Bottle� zone
near the Bingoumi prospect, and subsequent hand trenching work delineated a +20m
true width of magnetite-rich Archean BIF, which is one of the main host rocks
for gold mineralization at Mayoko. Samples of oxidized BIF at Bingoumi were
crushed and panned on site, which yielded recovered gold contents of more than
30 grams per tonne of rock, with gold aggregates up to 4.4 grams in weight. The
zone of auriferous BIF (see photos on website) extends northeast for at least
2.8 km to Lemagna, and possibly an additional 2 km to the Tsopo prospect, for
which a Mobile Metal Ion (�MMI�) geochemical survey has delineated a large
gold-(bismuth) soil anomaly. Tsopo could represent an intrusive-related �Fort
Knox�-type gold system. The belt of BIF also extends for a further 8 km to the
west-southwest to the Lepindji prospect where gold has found with BIFs as well
as diamonds in the nearby creeks. Mexivada is beginning a program of mapping and
sampling in this Bingoumi to Lepindji zone.
SOUTH GOLD BELT-
Bambonga-Bilala-FMI-Lesseseti-Madoka: Work continues on the +22 km long
South Gold Belt, where 12 lode gold prospect areas have been located. This belt
extends from the Vouka Diamond-Mayoko Gold terrane intersection zone
west-southwest to the dominantly granitic Louesse Horst, which also is a Diamond
target terrane that contains the new Mousondji Diamond prospect. Aeromagnetic
data flown by Fugro Airborne for the government of Gabon show patterns
suggestive that the Mayoko greenstone belt structure continues both eastward and
westward into Gabon, for a length of more than 100 km.
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A new, +2 by 1.5 km open
pit gold target has been defined at the Fmi zone through MMI soil sampling,
which yielded a strong gold-bismuth anomaly area which, again, could be
indicative of an intrusive-related �Fort Knox�-type gold system. Mexivada
presently is doing follow-up rock geochem sampling in this Fmi target area.
Mexivada also will extend the area of exploration to the southwest in the
Bambonga target area, where the Avoine Company found a 1 kg gold nugget after
World War II.
MEXIVADA HIRES NEW Diamond
SPECIALIST: Mexivada
is pleased to report the hiring of Mr. Siva Sankar, a geologist with significant
Diamond experience with DeBeers and other companies in Africa and India. Mr.
Sankar will be Project Geologist in charge of Mexivada�s Diamond exploration
programs in the Congo, reporting to Dr. Noel Watha-Ndoudy, Mexivada�s Project
Manager.
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 info@mexivada.com.
ON BEHALF OF THE BOARD OF
DIRECTORS "RICHARD R. REDFERN" Richard R. Redfern President
Contact: LionsGate
Communication Corp.
Telephone: (866)
922-6774 or (604) 866-7700
info@mexivada.com
www.mexivada.com
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;
3
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, should change.
 
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Mexivada Mining Corp.
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EXPLORATION STAGE |
CODE : MNV.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Mexivada is a silver and gold exploration company based in Canada. Mexivada holds various exploration projects in Canada, in Congo Dem. Rep. of, in Mexico, in Sierra Leone and in USA. Its main exploration properties are YECORA and AUROTELLURIO in Mexico, MOLY DOME in USA and MAYOKO in Congo Dem. Rep. of. Mexivada is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.8 millions as of today (US$ 2.6 millions, € 1.8 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.19, and its lowest recent point on November 09, 2012 at CA$ 0.02. Mexivada has 69 564 000 shares outstanding. |
In the News and Medias of Mexivada Mining Corp. |
Annual reports of Mexivada Mining Corp. |
Financings of Mexivada Mining Corp. |
Option Grants of Mexivada Mining Corp. |
Nominations of Mexivada Mining Corp. |
Project news of Mexivada Mining Corp. |
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Corporate news of Mexivada Mining Corp. |
11/6/2012 | Drilling Discovers Two High-Grade Gold Zones, Roger Property... |
10/4/2012 | Expands High-Grade Gold Zone, Roger Property, Matheson, Onta... |
6/9/2011 | Begins Work Program at Timmins Property, Ontario, and Define... |
5/4/2011 | Announces New Whitehorse Gold Discovery at Ziggurat Property... |
4/13/2011 | Announces Expansion of Poker Flats Project to 3,600 Acres in... |
4/7/2011 | Options Additional 5% Interest in Poker Flats and Ziggurat P... |
4/1/2011 | Options Gold Jackpot Au-Ag-Te-Cu Property, Pequop Gold Trend... |
3/8/2011 | Zacks Investment Research Initiates Mexivada Mining Corp. Co... |
12/8/2008 | Receives Signed MOU from Gbense Chiefdom for Diamond Mining ... |
6/11/2008 | Finds 1.5 by 8 mm Nugget at Mbandza Gold Discovery, ROC Cong... |
3/18/2008 | 's diamond and gold concessions approved by ROC Congo Counci... |
3/10/2008 | Mexivada-Eric Hommelberg Update |
2/27/2008 | DISCOVERS NEW DIAMOND FIELD AT VOUKA, CONGO |
1/18/2008 | Discovers Two Large Diamonds at Malambani, Republic of Congo |
12/4/2007 | ACQUIRES GOLDSTORM MIDAS-STYLE GOLD-SILVER PROPERTY, NEVADA |
11/25/2007 | Mexivada extends Malambani Gold Zones. Moly dome Update |
11/8/2007 | MEXIVADA DISCOVERS NEW PORPHYRY MOLYBDENUM-RHENIUM SYSTEM ... |
10/11/2007 | DRILLS MINERALIZED INTERCEPT AT LA REPUBLICA; MOLY DOME IP A... |
9/5/2007 | TO BEGIN DRILLING AT LA REPUBLICA IN MEXICO: PROJECTS UPDATE |
6/6/2007 | Mobilizes for Drilling in Nevada at Gold Junction |
3/8/2007 | discovers visible gold zones at Mayoko Project |
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