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| Mexivada Mining Corp. (MNV) Mexivada Mining Corp. is a junior mining and exploration company that went public on the TSX Venture Exchange in 2005, trading under the symbol "MNV." Mexivada controls gold-silver, diamond, tellurium, molybdenum and uranium prospects in Nevada, Mexico, Sierra Leone, and the "ROC" Republic of Congo (Brazzaville). Mexivada's team of experienced geologists and mining engineers has been associated with discoveries and mine developments worldwide. Management controls a large shareholding in Mexivada and is committed to increasing shareholder value through discoveries by exploration and Joint Venture efforts. MEXIVADA BUSINESS MODEL - SMALL-SCALE MINING FOR CASHFLOW: Mexivada explores for and acquires mineral properties that show potential to yield economically mineable, high grade deposits of precious and rare metals and diamonds. The company's principal focus is on finding properties with the geologic potential for "world class" deposits of 3- to 5,000,000 ounces of Gold or $1 billion of Diamonds, such as our African gold and diamond projects. Recently Mexivada changed its business plan to include the search for rapid development, small-scale mining projects for gold, diamond, and rare metal deposits, where rapid cashflow may be earned to accelerate our exploration programs. The company is evaluating several fast-track small-scale mining opportunities around the world, in business-friendly environments. SIERRA LEONE MINING PROJECTS: Mexivada is poised to begin small scale mining of alluvial diamonds in the famous, world class Kono Mining District. The country of Sierra Leone has produced more than 100,000,000 carats of gem diamonds from alluvial sources. Many of these diamonds have been of large size, excellent gem quality, with the colored stones, Mexivada's specialty, typically having been discarded by the miners. Mexivada has an excellent relationship with the Chiefs and the people in the areas in which we work. Mexivada also is in advanced-stage negotiations to acquire small scale mining rights to an attractive alluvial gold mining site. MEXICO PROJECTS: Mexivada owns 3 gold, silver and tellurium projects in northern Mexico. The advanced-stage Yécora Au-Ag-Zn-Pb project is located in the Sierra Madre Occidental gold-silver Trend of northern Mexico, near the Mulatos, Ocampo and Pinos Altos Mines. Coeur d'Alene Mines, owner of the on-trend Palmarejo silver-gold property, controls exploration concessions at Yecora located inside of and surrounding Mexivada's 1041 hectare property, but has done no work on them. Mexivada has completed Phase 1 core drilling at Yécora, which yielded good gold and silver assay results. Mexivada wishes to Joint Venture the Yécora project, and is negotiating with Coeur and other parties on how to best advance it. Mexivada also controls other exploration concessions in northern Mexico, for gold, silver, and tellurium. These include the AuroTellurio project for gold, silver, tellurium, and base metals, located near Moctezuma, Sonora; and the high-grade Tamazula gold-silver-(lead-zinc) property, which is located west of Topia, Sinaloa (Great Panther mine) and east of the state capitol at Culiacan. Both Tamazula and AuroTellurio are easily accessible by paved and good dirt roads. NEVADA PROJECTS: Mexivada currently controls 6 projects in Nevada, the home to many world-class gold, silver, and molybdenum deposits. Nevada companies are mining several giant, 10-20,000,000 ounce gold deposits, in the Carlin, Getchell-, Cortez-Eureka, and Round Mountain Trends. Mexivada controls the high-grade Goldstorm Midas-type gold silver property, which lies directly on the Northern Nevada Rifts and near the Carlin and Getchell Trends northwest of the Midas Mine and northeast of the Twin Creeks-Getchell mega mine complex of Barrick and Newmont. Goldstorm has had 40 shallow exploration holes drilled on certain parts of it by Romarco, Crown Resources, and Newmont (3 holes). Goldstorm has excellent untested Carlin-style and Midas-style gold-silver gold targets mineralization that have never been drill tested. Mexivada has executed a Joint Venture with StoneShield Capital on its large-scale Jefferson gold-silver-indium-tellurium property, which is situated immediately east of Barrick/Kinross' 14 million ounce Round Mountain open pit gold mine along a major, regional gold feeder fault structure. Jefferson has substantial drill-indicated gold and silver resources that were delineated prior to the advent of NI 43-101, and it contains significant tellurium mineralization with the precious metals. A representative of First Solar (FSLR-NYSE) contacted Mexivada about its tellurium mineralization at Jefferson. Mexivada is searching for a Joint Venture partner for drilling its fully permitted Carlin-style Poker Flats sediment-hosted gold project near Carlin, located on strike adjacent to Newmont's Emigrant Springs project that is now undergoing mine development. Mexivada controls 149 lode mining claims (2,980 acres) and also controls 800 acres of private land at its Goldstorm Au-Ag property in Elko County, Nevada. The property is located 18 kilometres ("km") northeast of Newmont and Barrick's giant +50 million ounce producing Getchell-Turquoise Ridge-Twin Creeks gold mine complex, near the intersection of the Carlin-, Getchell- and Northern Nevada Rift gold Trends. Metallurgically compatible milling facilities are present at Newmont's Midas Mine, situated 18 km to the southeast of Goldstorm, and at Twin Creeks Mexivada recently completed geological and geophysical surveys at Goldstorm, and the property is ready for JV and drilling. Ziggurat holds good potential for discovery of a Midas-style gold deposit and a large Carlin-style gold deposit, with Paleozoic rocks possibly present at shallow depths. Mexivada is looking for a Joint Venture partner for Goldstorm. Mexivada controls the Moly Dome porphyry molybdenum-gold-silver-tellurium prospect, situated within the Nevada-Idaho Molybdenum Trend, west of the possibly similar Ashdown Mine near Denio. Mexivada recently completed an initial, 3-hole Phase 1 core drilling test at Moly Dome, which recovered wide intercepts of moly mineralization and local high-grade silver-tellurium-gold mineralization associated with carbonate veining. This Mo-Au-Ag-Te mineralization is exposed at the surface, along with "float rock" indications of anomalous rhenium and local high-grade oxide copper mineralization. In addition, the property holds potential for discovery of a Carlin-style gold deposit, with Carlin age volcanics and gold-mineralized feeder zones present on the property and Lower Plate limestones likely present at favourable depths, beneath gold-mineralized upper plate rocks of the Valmy Formation. Mexivada owns 35 claims at the Ziggurat Carlin-style gold prospect, situated within the Round Mountain-Northumberland Trend, north of Barrick-Kinross' 14,000,000 ounce Round Mountain and +1,000,000 ounce Gold Hill gold mines, and just south of Fronteer Development's large Northumberland Mine gold property. Mexivada recently completed geochemical and geophysical surveys at Ziggurat, and the property is ready for JV and drilling. Ziggurat holds good potential for discovery of a large Carlin-style gold deposit, with gold mineralized Upper Plate rocks present at the surface on the property and Lower Plate limestones perhaps present at favourable depths. Mexivada also controls the Opal Spring gold-uranium-molybdenum prospect in northeastern Nevada, adjoining and on strike with the Prince Uranium Mine property controlled by Gold Reef International. Gold Reef and Mexivada are jointly searching for a Joint Venture partner for the projects area. "ROC" REPUBLIC OF CONGO: Mexivada is searching for a Joint Venture Partner to further explore and mine its large, exclusively-held gold and diamond concessions in the ROC Republic of Congo (Brazzaville). The stable and peaceful ROC is a separate country that lies to the north of the Democratic Republic of Congo ("DRC"), with which it is often confused. Mexivada controls four Phase 1 prospecting permits covering 9,156 square kilometres, and five exclusive, Phase 2 exploration concessions (Permis des Recherches, "PRs") that cover 1990 square kilometres for gold-and- connected substances and raw diamonds near Mayoko, in the southwest part of the ROC near the border with Gabon. The projects are centered on the Archean Mayoko Greenstone Belt, a past producer of alluvial gold and large gem diamonds. The three-year Malambani (2) and Bitsandou Permis des Recherches were signed on April 3, 2008 by the President of the Republic of Congo, the Hon. Mr. Denis Sassou N'Guesso, granting secure title to Mexivada, and received notice of granting of two additional Camp Socobois PRs covering our Vouka target areas. More than 33,600 ounces of alluvial gold, including a 1 kilogram gold nugget, and a 22-millimetre (+75 carats) world-class white gem diamond and a 7.0 millimetre (approx. 1.5 carats) "blue/yellow" diamond were recovered after World War II from Mexivada's exclusive Malambani concession area at Mayoko, and a reported "10 millimetre" diamond later was recovered by local prospectors near Mayoko at Makoubi. Recently, a new "gold rush" has begun on our Malambani concession where up to 700 artisanal miners are exploiting a placer gold deposit. Gold: Mexivada's focus in ROC is on the discovery of large-scale lode gold deposits, in addition to evaluating the known, substantial placer gold deposits on site. Placer gold mining operations could be started up in relatively short order, with some deposits containing large gold nuggets and grades of 3 grams per cubic meter gold. Mexivada is exploring a 14 to +21 km long paired gold belt at Mayoko. At least four types of Archean lode gold deposits currently are recognized by Mexivada in the greenstone belt sequence at Malambani, including 1) Shear Zone hosted gold-quartz-(sulfide) veins along fault / formation contacts, such as at Bambounga -- Ngouaka - Mingassa; 2) possible Musselwhite-type BIF-hosted feeder- type disseminated and replacement gold mineralization in pyrite-gold-quartz sulfidation zones in and near banded oxide facies iron formations, as at Lemagna, where gold values to 11 grams per tonne in 1 m channels were taken by Mexivada; 3) Metaconglomerate-hosted gold and diamond mineralization was reported by Russian investigators to occur near Mayoko; and 4) Intrusive-related gold-bismuth enriched zones at FMI and Tsopo could represent open pittable targets of "Fort Knox"-type gold. Diamonds: Mexivada has discovered alluvial diamonds in several places on its concessions, including a 3.5 mm white gem quality diamond at Bouawsa, a new area located in the 9 by 12 kilometre "NE Diamond Corridor" near Mexivada's modern, satellite internet-equipped field office complex at Mayoko. Mexivada also recently discovered a new area at Lepandza with a 0.5 mm white diamond and apparent kimberlite-associated chromite, where a sampling program has only now just begun, after recovering a "G-10" pyrope garnet. G-10 garnets typically are associated with diamondiferous kimberlites; meaning that a pipe could lie very nearby it. Mexivada also recently discovered macro diamonds at Madoka, where 3 additional diamonds of up to 4.5 millimetres in size were found, with 2 being gemmy and 2 of the 3 being colored stones. Several diamond-bearing target areas are present in our Bitsandou permit area, located south of Malambani, including Carrefour, Bikelele, Mahouta, and Mpoukou, where prospectors reported that alluvial diamonds up to 4 carats in size were recovered. Unsuccessful initial excavator testing was conducted at Bikelele in 2007. Historically, a 4500 carat alluvial diamond resource was outlined by Russian work in the late 1960's near Bikelele, and 17,000 carats of alluvial diamonds were mined after World War II by SOREDIA from our Nzambi prospecting permit area. Mexivada collected diamonds at Bitsandou, including a 0.15 carat flawless, inclusion-free, fancy coloured diamond gemstone of light blue-green color, and several gems of orange brown colours. The Chaillu appears to hold an abnormally high percentage of colored stones, including extremely rare bluish green stones. No kimberlite pipes or dikes have been found by the company to date, but we remain optimistic that our concessions hold good possibilities for discovery of diamondiferous kimberlites. Test samples are being shipped to accredited fire assay labs, MMI and acid-reduction geochemical facilities, and diamond separation laboratories in South Africa. Click HERE to go to mexivada.com |
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