Mexivada Discovers Two Large Diamonds at Malambani, Republic of Congo
VANCOUVER, Jan. 17 /PRNewswire-FirstCall/ — Mexivada Mining Corp. is pleased to report the discovery of two large diamonds and probable kimberlite indicator minerals from a previously unexplored location on its 100% controlled Malambani Permis de Recherche concession, located near Mayoko, Republic of Congo.
According to government records, mining of alluvial gold (+33,000 ounces) by the Avoine Company at Mayoko after World War II included their mining of a 22 millimetre, sharp-faced white gem octahedral diamond thought to weigh approximately 75 carats and a 7 millimetre blue-yellow colored diamond, during the gold dredging operations. They never found the source of these diamonds.
Mexivada has been conducting systematic reconnaissance exploration mapping and sampling for gold and diamonds along the 8 by +23 kilometre long Mayoko Greenstone Belt at Malambani from its Mayoko field office. Heavy mineral pan-concentrate sampling in alluvium this past week led to the discovery of two diamonds in two pits (PDM17 and PDM19), located 100 metres apart from each other in a new area near Mayoko, within the boundaries of Mexivada’s Malambani concession.
The first diamond is a white, modified octahedron 7.5 millimetres in diameter, and the second stone recovered was a shiny 6 millimetre greenish-white colored dodecahedral diamond. The stones weigh approximately 0.1 gram each. The diamond indicator mineral chromite, as well as purplish pink garnets (possibly pyropes), were also found at these two sampling sites in the pan concentrates. Mexivada has applied for the necessary permits to send these minerals to the Gemological Institute of America (“GIA”) laboratory in Carlsbad, California for examination, study, and verification by diamond expert John Koivula. Mexivada will continue its sampling-mapping program at Mayoko, in search of kimberlitic pipes that could host the diamonds and indicator mineral(s). Photographs of these recovered minerals will be posted to the Mexivada website.
Although the Malambani property has had historic alluvial gold and diamond mining operations on it, the property is without a known body of primary kimberlitic or lamproitic diamond ore and Mexivada’s activities to date have been exploratory in nature. Readers are cautioned that until a primary diamondiferous source body has been found and an adequate number of holes have been drilled and NI 43-101 compliant diamond testing analyses have been obtained, reviewed, and properly interpreted by qualified personnel, any conclusions as to the nature and extent of mineralization at Malambani must be considered speculative in nature.
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”). Managed by experienced and successful board members and advisors, Mexivada is well financed with no debt. For further information, including area maps and photos, please visit our web site at http://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 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 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.
CONTACT: LionsGate Communication Corp., Telephone: (866) 922-6774 or (604) 866-7700, info@mexivada.com, http://www.mexivada.com/
Mexivada Mining Corp.
CONTACT: LionsGate Communication Corp., Telephone: (866) 922-6774 or(604) 866-7700, info@mexivada.com, http://www.mexivada.com/