Mexivada Mining Corp
Wednesday, December 19th, 2007
Mexivada Mning Corp completes drilling at Moly Dome; Projects update
Moly Dome, Nevada: Mexivada has completed three core drill holes of the Phase 1 exploration program at its Moly Dome molybdenum-rhenium-gold-silver project in northern Nevada, and the drill rig has been demobilized. The cores are being logged and split at the companyâ€™s field office in Owyhee, Nevada. Samples from the top 165 metres of hole 2007-1 have been delivered to the assay lab. Interpretation of the results will commence upon completion of the core logging, and results will be reported after receipt of geochemical analyses for molybdenum, rhenium and silver and fire assays for gold. Molybdenite mineralization was noted in all 3 drill holes however no conclusions can be drawn as to the nature or extent of such mineralization prior to the receipt of assays.
La Republica, YÃ©cora District, Mexico: Mexivada Mining Corp. has completed 7 of 10 planned holes at its La Republica silver property. Drilling is scheduled to resume on January 8th 2008. The company is still awaiting assay results.
Mayoko Gold and Diamonds Projects, ROC Republic of Congo: Mexivada continues its steady program of detailed geologic and sampling evaluation of the 8 by 23+ kilometre long Mayoko Greenstone belt, focusing on the 10 km long Bingoumi-Lemagna sector of the northern gold belt, where lode gold occurrences have been found by tracing placer gold â€œleadsâ€ upstream to their source rocks in this prospective area. Bingoumi is the most favorable sector found to date, where gold-mineralization to 7 metres in true width has been found and sampled. Particles of gold weighing up to 4.4 grams have been liberated from rocks at Bingoumi by crushing and obtaining panning concentrates, on site. Channel samples from this area have been sent from Mayoko by Mexivada to ISO-certified assay labs in Johannesburg. The field crews will break for Christmas and return for work on January 3, 2008. Data from Mexivadaâ€™s 2007 field research program in the ROC for gold and diamonds is being compiled and interpreted by company staff in Brazzaville and Nevada, with help from third party researchers in Australia and with the U.S. Geological Survey. An airborne magnetometry â€“ VTEM survey for both gold and diamonds is being planned for the 2008 summer field season
For further information visit: www.mexivada.com