| | Published : February 27th, 2008 | DISCOVERS NEW DIAMOND FIELD AT VOUKA, 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
February 27, 2008 TSX-V: MNV
OTC: MXVDF
Frankfurt : M2Q
NEWS RELEASE
MEXIVADA DISCOVERS NEW Diamond FIELD AT VOUKA, CONGO
Mexivada has discovered two new Diamond occurrences at Madoka and
Mousondji on its exclusive Malambani Permis de Recherches concession, and has
discovered a new Diamond field at "Vouka" in its Mbinda prospecting permit area.
Mexivada has applied for a new Permis De Recherches covering the Vouka area. The
Chinese firm "Congo Trading and Development" has surrounded Mexivada�s Malambani
concession with prospecting permits for gold and diamonds, covering the eastern
extension of the auriferous Mayoko greenstone belt.
Additionally, a "G-10" garnet, typically associated with diamondiferous kimberlite pipes, was recently returned from Mexivada�s stream
sediment sampling program at Bilala on Mexivada�s Malambani concession, where
the Avoine Company mined a 22 millimetre gem Diamond after World War II. Avoine
also recovered a 7.5 mm blue-yellow Diamond at Malambani, in an area suggestive
that kimberlite may be present as dikes controlled locally by ENE-trending fault
zones.
VOUKA Diamond FIELD: Mexivada has discovered diamonds and the
possible kimberlite indicator minerals chromite and ilmenite, in a terrane in
the Mandoro River Basin not previously known to have been explored. Several
diamonds, 1 to 3 millimetres in diameter and of white to brownish colors, have
been found in two target areas to date. Diamonds, chromite, and ilmenite were
found in north-northwest trending fault-controlled stream drainages in the
western part of the target area, in a geologic setting thought to be similar to
that at Makongonio-Mbigou in Gabon, where kimberlites and diamonds to 60 carats
in size have been found. Diamonds also have been found at 2 places near a large,
circular structural target in the central part of the Vouka area. Mexivada
recently started this exploration program and is continuing it with one field
crew based out of our Mayoko office. Mexivada feels that the structural geology
of the Vouka area is favorable for the discovery of a large diameter
diamondiferous kimberlite pipe.
MADOKA Diamond DISCOVERY: Mexivada has discovered diamonds and
the possible kimberlite indicator minerals chromite and ilmenite at Madoka, just
southeast of Mexivada�s Mayoko field office. The diamonds recovered to date are
shown on Mexivada�s website, are 6 to 8 millimetres in diameter and of colorless
and greenish to yellow green in color, and two are of good gem quality.
Chromite, and pinkish purple garnets, possible kimberlite indicator minerals,
were found together with the diamonds. The area is faulted, altered, is cut by
quartz veins, and gold was recovered in the pan concentrates. Unusual
metamorphosed "amphibolites" rocks were found on site (see photo on website)
that will be crushed and tested for kimberlite affinities. The possible presence
of metamorphosed kimberlite pipes and dikes is being investigated by Mexivada.
It is believed that this metamorphism took place at approximately the same time
as at the Witwatersrand, South Africa, at
2863-2881million years ago, which would make them the world�s oldest known
kimberlites. Diamonds also have been found in the "Rand" metasediments, but the
original source kimberlites have not been found, to date. Mexivada is continuing
Diamond exploration with high priority at Madoka, given the large size and good
quality of the diamonds found to date.
MOUSONDJI Diamond DISCOVERY: Two diamonds of approximately 0.5
gram in weight each have been found in the Mousondji river drainage, in the
southwestern portion of the Malambani concession. This Diamond occurrence, in
the western Louesse Horst geologic terrane, will be followed up as time permits.
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; 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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