Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en
Mexivada Drilling Discovers Two High-Grade Gold Zones, Roger Property, Matheson, Ontario-Interim Report
Published : November 06, 2012
( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | G Mexico | Report |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2012) - Mexivada Mining Corp. (News - Market indicators)(OTCBB:MXVDF)(FRANKFURT:M2Q) ("Mexivada" or the "company") is pleased to announce it has discovered at least 2 new zones of significant high-grade gold mineralization with local gold assay values up to 73.1 grams per tonne (g/t Au) in drilling at the Roger property, as presented below. The Roger property is located adjoining the Grey Fox property (the Gibson and 147 zones of gold mineralization) owned by Brigus Gold at Matheson, Ontario. Mexivada successfully completed its Phase 1 four-hole NQ core drilling program on the property, drilling 1,669 metres of NQ wireline core at -45 degree angles. The company has to date logged approximately 80% of the core, and approximately three quarters of the footage has been cut and sent to ALS Laboratories in Timmins for gold assaying. Due to erroneous small-sample-charge assays a number of low assay results were received, despite the presence of visual gold mineralization in the core. For example, one sample from hole R12-1 assayed 0.207 g/t gold by regular assay, but 23.5 g/t gold using screen fire assay. Areas of the core showing visual gold mineralization are being re-assayed using screen fire check assays for large particulate gold. Thus, extensive resampling and re-assaying of the core, including the Chevron core, will be done. The true widths of the zones of gold mineralization are not yet known.

The mineralization at Roger shows some visual resemblances to "flow-mineralization" at the Black Fox Mine of Brigus Gold. Several additional areas with gold mineralization remain to be drill tested on the Roger property, and Mexivada feels that the Roger property shows good indications of being able to contain gold deposits of sufficient size and grade to be of interest to larger companies. Roughly 30m of gravels overlie the bedrock at Roger, which could be removed if sufficient open pitable gold mineralization is found on the property. Mexivada enjoys cordial relations with its neighbours Brigus Gold and St. Andrew Goldfields.

New drilling highlights include:

-- R12-1 which contained a gold-mineralized zone 8.4 metres in core length which contains intervals grading 10.4, 11, and 23.5 g/t gold, with not all samples returned yet; and

-- R12-3 which contained 1.3 metres grading 21.37 g/t gold -- Including 0.3 metres grading 73.1 g/t gold; and 0.5 metres grading 12.6 g/t gold further downhole.

Chief Executive Officer, Richard Redfern commented, "The results confirm the presence of new gold zones not previously discovered by Hollinger nor by Chevron, by systematic drilling. More drilling is required to block out mineral resources on the Roger property, using screen fire gold assays to better determine the gold grade where larger particles of gold exist."

Drillholes 1 and 3, while assaying is not yet completed, have to date returned local strong gold assay values, and at least two new zones of high-grade gold mineralization have been discovered in them, away from the gold zones discovered by Hollinger Consolidated Mines in 1933 and by Chevron Minerals in 1988-89. Drillhole 4 is still being logged, sawed, and certain samples will be sent off for routine 50g charge gold fire assays. The 50g gold fire assays yield more reliable results than do normal 30g charge assays, due to the greater weight of rock assayed. Where observable visual gold mineralization is seen, the sample is sent to ALS for screen fire gold assays, which technique is designed to better catch larger gold particles present due to the "nugget effect" of gold in general, with a still larger sample size used. Mexivada will be re-logging and re-sampling the Chevron drill core to re-examine the reported gold zones, and will report further on the core logging and assays as the Phase 1 work program is completed.

The uncut results from the drill holes are summarized in the table below:

       
50g FA
Screen
Fire
   
  From To Interval uncut Gold   Comments
Hole_ID (m) (m) (m) g/t Au g/t Au    
R12-1 53.5 54.5 1.0 0.24      
  246.9 247.6 0.7 1.05      
  383.6 384.5 0.9 1.85 in lab   in lab
  and            
  303.5 311.9 8.4 2.64 in lab   in lab
  including            
  304.6 308.4 3.8   10.60   2 in lab, visual gold mineralized
               
R12-2 297.0 298.0 1.0 0.48      
  305.5 306.5 1.0 0.49      
               
R12-3 188.3 191.3 3.0   in lab   visual gold mineralization
  including            
  189.5 190.8 1.3   21.37   uncut; 0.5 m @ 73.1 g/t Au
  266.5 267.5 1.0 0.34      
  312.7 316.4 3.7 in lab in lab   visual gold mineralization
  including            
  313.7 314.2 0.5 12.60 in lab   visual gold mineralization
               
R12-4 NO DATA YET          

The Roger property is located 400 metres southwest and 750 metres south of Brigus Gold's 147 and Gibson gold zones, respectively. The Roger property also is adjoined on the east side by property controlled by St. Andrew Goldfields Ltd., which appears to contain a southern extension of the 147 Zone. The Roger project is being managed on-site by Mexivada's geologist, Kimberley Norman, P.Geo. Mexivada has the option to earn up to 60% working interest in the Roger property from Romios Gold Resources Inc. (see Press Release dated January 11, 2012).

Goldstorm Project Update

Mexivada's Chief Consulting Geologist has begun the detailed re-logging and re-sampling of the drill core from the Goldstorm property in Nevada, located northeast of Newmont Mining's large Twin Creeks Mine and northwest of its Midas Mine. High-grade, high-level Midas-style gold-silver mineralization occurs in hole G10-1, which assayed 9.29 grams per tonne gold ("g/t") and 72.6 g/t silver between 66-67 meters. Several other intervals also show vein mineralization, between 36 and 136 metres of the core length, with local grades up to 4.29 g/t gold over 1 metre intervals. Mexivada is working on transferring the BLM exploration permit ("Notice of Intent") from West Kirkland Mining, through the Nevada Division of Minerals. This permit transfer will allow Mexivada to re-start drilling at Goldstorm, likely without further permitting work.

Resignation of Director

Allen Ambrose has resigned from Mexivada's board of directors because of his need to reduce the number of directorships he is involved with. The board thanks Mr. Ambrose, for his many years of service and invaluable support.

The Company's President and CEO, Richard R. Redfern, M.Sc., a Certified professional Geologist and 'qualified person' for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.

About Mexivada Mining Corp.

Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, drilling, and joint venturing high-grade Gold-Silver and Rare Metal exploration projects in Nevada, Canada, and Mexico. Mexivada is managed by experienced and successful board members and advisors. For further information, with maps and sections for Mexivada's properties, 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, President & CEO

Mexivada Mining Corp.

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 and assay results, future exploration work, and the anticipated 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 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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Mexivada Mining Corp.
Investor Relations
1-604-568-7726 or 1-866-922-6774
info@mexivada.com
www.mexivada.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Mexivada Mining Corp.

EXPLORATEUR
CODE : MNV.V
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Mexivada est une société d’exploration minière d'argent et d'or basée au Canada.

Mexivada détient divers projets d'exploration en USA, au Canada, au Mexique, en Republique Democratique Du Congo et en Sierra Leone.

Ses principaux projets en exploration sont YECORA et AUROTELLURIO au Mexique, MOLY DOME en USA et MAYOKO en Republique Democratique Du Congo.

Mexivada est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,8 millions CA$ (2,6 millions US$, 1,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,19 CA$, et son plus bas niveau récent le 09 novembre 2012 à 0,02 CA$.

Mexivada possède 69 564 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Dans les médias de Mexivada Mining Corp.
03/11/2007Gold Drivers Report
Rapports annuels de Mexivada Mining Corp.
2007 Annual report
Financements de Mexivada Mining Corp.
10/08/2009Private Placement of $375,000
12/12/2007RECEIVES $1.66 MILLION FROM EXERCISE OF WARRANTS
Attributions d'options de Mexivada Mining Corp.
01/12/2007 Grant of options
Nominations de Mexivada Mining Corp.
12/06/2008Appoints John J. Ellis as Director
Projets de Mexivada Mining Corp.
18/03/2011(Republic Of Congo)and Zamarat Recommence Gold Exploration Program in Republic ...
24/02/2011(Golden Porcupine (deloro))Defines Pamour-Type Open Pit Gold Target at Golden Porcupine...
27/05/2009(Goldstorm)samples up to 2.5 g/t Au and 11.25 g/t Ag at Goldstorm in Ne...
13/05/2009(Sierra Leone Project)Discontinues Mining Test At Yaradu, Sierra Leone
17/02/2009(Sierra Leone Project)Starts Diamond Mining at Kono, Sierra Leonne; Larger Diamond...
07/08/2008(Republic Of Congo)Discovers 30 Metre Wide Disseminated Gold Zone At Ngouaka, R...
12/06/2008(Aurotellurio)Stakes New Gold-Tellurium Property in Mexico
23/04/2008(Republic Of Congo)Approved And Signed By President Denis Sassou N'Guesso Of T...
23/04/2008(Moly Dome)Discovers Porphyry Molybdenum, Silver-Tellurium, And Gold Sy...
01/03/2008(Republic Of Congo)DISCOVERS FIVE NEW GOLD ZONES AT MAYOKO, REPUBLIC OF CONGO
02/02/2008(Jefferson)OPTIONS JEFFERSON GOLD/SILVER PROJECT TO STONESHIELD CAPITAL
25/12/2007INTERSECTS UP TO 1.96 Kg/T SILVER IN DRILL HOLES AT LA REPUB...
10/07/2007Acquires High Grade Silver Mine La Republica Mexico.
09/07/2007Options to Purchase High Grade La Republica Silver-Au-Zn-Pb ...
16/05/2007(Yecora)Intersects 22.3 g/t Gold, 1,640 g/t Silver and High Grade Zi...
Communiqués de Presse de Mexivada Mining Corp.
06/11/2012Drilling Discovers Two High-Grade Gold Zones, Roger Property...
04/10/2012Expands High-Grade Gold Zone, Roger Property, Matheson, Onta...
09/06/2011Begins Work Program at Timmins Property, Ontario, and Define...
04/05/2011Announces New Whitehorse Gold Discovery at Ziggurat Property...
13/04/2011Announces Expansion of Poker Flats Project to 3,600 Acres in...
07/04/2011Options Additional 5% Interest in Poker Flats and Ziggurat P...
01/04/2011Options Gold Jackpot Au-Ag-Te-Cu Property, Pequop Gold Trend...
08/03/2011Zacks Investment Research Initiates Mexivada Mining Corp. Co...
08/12/2008Receives Signed MOU from Gbense Chiefdom for Diamond Mining ...
11/06/2008Finds 1.5 by 8 mm Nugget at Mbandza Gold Discovery, ROC Cong...
18/03/2008's diamond and gold concessions approved by ROC Congo Counci...
10/03/2008Mexivada-Eric Hommelberg Update
27/02/2008DISCOVERS NEW DIAMOND FIELD AT VOUKA, CONGO
18/01/2008Discovers Two Large Diamonds at Malambani, Republic of Congo
04/12/2007ACQUIRES GOLDSTORM MIDAS-STYLE GOLD-SILVER PROPERTY, NEVADA
25/11/2007Mexivada extends Malambani Gold Zones. Moly dome Update
08/11/2007 MEXIVADA DISCOVERS NEW PORPHYRY MOLYBDENUM-RHENIUM SYSTEM ...
11/10/2007DRILLS MINERALIZED INTERCEPT AT LA REPUBLICA; MOLY DOME IP A...
05/09/2007TO BEGIN DRILLING AT LA REPUBLICA IN MEXICO: PROJECTS UPDATE
06/06/2007Mobilizes for Drilling in Nevada at Gold Junction
08/03/2007discovers visible gold zones at Mayoko Project
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (MNV.V)FRANKFURT (M2Q.F)
0,040+0.00%0,396+29.41%
TSX-V
CA$ 0,040
06/05 15:51 -
0%
Cours préc. Ouverture
0,040 -
Bas haut
0,040 0,040
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,040 -%
Volume var. 1 mois
0 -%
24hGold TrendPower© : -37
Produit
Développe
Recherche Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,73 AU$-0,77%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
10,62 US$+4,37%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,72 GBX+0,00%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,05 CA$-9,09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,62 CA$+1,55%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
16,93 CA$+5,48%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+2,08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,20 AU$+2,56%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,95 CA$+0,52%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
49,76 US$-0,27%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$-2,70%Trend Power :