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Re: News Releases - Thursday, June 12, 2008
Mexivada Stakes New Gold-Tellurium Property in Mexico
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Mexivada Mining Corp. is pleased to report that it has staked two new
exploration concessions, the "AuroTellurio property" near Moctezuma,
Sonora, Mexico. The La Viuda and La Viuda 1 concessions total 7,697
hectares in size, around the La Bambolla tellurium-gold mine, which is
now under construction by a European mining company. Mexivada's
concessions cover the possible eastern extension of the La Bambolla
vein systems, and control the La Viuda fault-vein system outcrop zone.
Pe�oles also controls a concession around the mine and around La Viuda.
Bambolla geologists on site reported encountering very high tellurium
("Te") values to 4 Kg/ton Te, and a report in the Sonora
Geological-Mining Monograph by the Consejo de Recursos Minerales
("CRM") described the La Bambolla vein system as a 2 metre thick
quartz-pyrite-hematite-gold system that contained 4.0 g/ton gold and 5
g/ton silver values. The mine dumps also contain visible native
tellurium as well as tellurite and sonoraite, which are secondary
tellurium minerals. The Moctezuma area also contains significant
zinc-lead-silver deposits, such as the Oposura Mine, where the CRM
reported a drill-indicated resource estimated at 800,000 tons at a
grade of 6.04% zinc, 3.5% lead, and 19 g/ton silver. Mexivada plans to
design an exploration program to evaluate its land holdings at
AuroTellurio.
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 Republic of Congo ("ROC 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
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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Copyright (c) 2008 MEXIVADA MINING CORP. (MNV) All rights reserved.
For more information visit our website at http://www.mexivada.com/ or
send mailto:info@mexivada.com
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