MEXIVADA INTERSECTS UP TO 1.96 Kg/T SILVER IN DRILL
HOLES AT LA REPUBLICA
SILVER MINE, MEXICO
Mexivada Mining Corp. is
pleased to report the completion of seven core drill holes in 2007 at its La Republica
silver-gold-zinc-lead property, Y�cora District, Chihuahua, Mexico.� The drilling program is scheduled to resume
on January 8. Certain attractive target areas on the property still remain to
be tested, including Polverine, where Mexivada's channel sample of the La Republica vein across a 2 metre true width assayed
1,230 g/t silver, 0.88% zinc, 0.31% lead, and 0.2 g/t gold, and much of the
area between the Republica main shaft and Polverine.
The results of the seven
drillholes are listed below. Interpretation of these data is in progress, and
will be discussed further when the remaining holes have been drilled starting
in January. Only the central part of the property has been drilled with these
initial, Phase 1 test holes. Vein widths of up to 6 metres were encountered
in the deeper holes drilled by Mexivada. Additional silver-gold-zinc-lead
targets may exist deeper in the footwall at La Republica, where up to 21 foot widths were
encountered by the early miners, and tests of this concept will be made in the
January drilling program. An existing 400 foot deep vertical shaft and connecting
drifts at La Republica
could be used to gain relatively rapid access to any mineralization delineated.
La Republica
is situated 12
kilometres south of the Y�cora gold-silver property,
which is controlled by Mexivada and Coeur d�Alene Mines Corporation.
_________________________________________________________
������������������������������������������������������
�������������������� ��
Hole���� ��� �����Target Area�������� From���� To����� Length����
Au���� ��� Ag������
�No.������������
�������������������������� ��(m)�����
(m)������ �(m)������
(g/t)������ (g/t)������
-----------------------------------------------------------------------------------------------
LR07-1�� � ���Bill���������������������� 165���� 167������
2.0������ 0.07����� �
101.3����
including� ������������������������������ 165���� 166������
1.0������ 0.05����� �
159.0����
-----------------------------------------------------------------------------------------------
LR07-2�� � ���Bill- North������������ 176���� 178������
2.0������ 0.14����� �
260.3����
-----------------------------------------------------------------------------------------------
LR07-3�� � ���Far North������������� 172.5� 177������
4.5������ 0.11����� ���
13.6
including� ������������������������������ 176���� 177������
1.0������ 0.31����� ���
19.0����
-----------------------------------------------------------------------------------------------
LR07-4�� � ���South Drive���������� 178���� 179 ������1.0������
0.02����� ��� 96.0����
-----------------------------------------------------------------------------------------------
LR07-5�� � ���Main- Central������� 181���� 182.5��� 1.5������
0.02����� �� 446.7
including� ������������������������������ 181.5� 182������
0.5������ 0.03����� 1085.0�����
-----------------------------------------------------------------------------------------------
LR07-6�� � ���Main- Northern����� 179.5� 181.5��� 2.0������
0.14����� �� 775.5
including� ������������������������������ 180.5� 181������
0.5������ 0.01����� 1960.0�����
---------------------------------------------------------------------------------------------
LR07-7�� � ����Los Alisos South� 47.5��� 48.0����� 0.5������
0.58����� ��� 85.0����
_________________________________________________________
Notes:
(m) = Metres. Length is reported in metres of drilled
����� �core
and is not necessarily the "true" width.
������ Au and Ag g/t: Gold and silver grades
are reported in units of
������ grams per tonne gold and silver.
The Company has implemented a
quality assurance and control (QA/QC) program to ensure sampling and analysis
of all exploration work is conducted in accordance with the best possible
practices. The drill core is sawn in half with half of the core samples shipped
to ALS Chemex Laboratory Services in Hermosillo, Sonora, Mexico for sample
preparation and analysis. The other half of the core is retained in secure
custody at the Mexivada office in Y�cora for future assay verification. The
company QA/QC policy includes the chain of custody monitoring, insertion of blanks,
standards and duplicates in the initial samples submitted. The laboratory provides an additional internal control program.
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 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.