Mexivada Discovers New Diamond Field at Vouka, Republic of Congo
VANCOUVER, Feb. 27 /PRNewswire-FirstCall/ — Mexivada has discovered two new diamond occurrences at Madoka and Mousondji on its exclusive Malambani Permis de Recherches concession in the Republic of Congo (“ROC”), and has discovered a new diamond field at “Vouka” in its Mbinda prospecting permit area. Mexivada has applied for a new Permis De Recherches covering the Vouka area. The Chinese firm “Congo Trading and Development” has surrounded Mexivada’s Malambani concession with prospecting permits for gold and diamonds, covering the eastern extension of the auriferous Mayoko greenstone belt.
Additionally, a “G-10″ garnet, typically associated with diamondiferous kimberlite pipes, was recently returned from Mexivada’s stream sediment sampling program at Bilala on Mexivada’s Malambani concession, where the Avoine Company mined a 22 millimetre gem diamond after World War II. Avoine also recovered a 7.5 mm blue-yellow diamond at Malambani, in an area suggestive that kimberlite may be present as dikes controlled locally by ENE-trending fault zones.
VOUKA DIAMOND FIELD: Mexivada has discovered diamonds, and the possible kimberlite indicator minerals chromite and ilmenite, in a terrane in the Mandoro River Basin not previously known to have been explored. Several diamonds 1 to 3 millimetres in diameter, and of white to brownish colors, have been found in two target areas to date. Diamonds, chromite, and ilmenite were found in north-northwest trending fault-controlled stream drainages in the western part of the target area, in a geologic setting thought to be similar to that at Makongonio-Mbigou in Gabon, where kimberlites and diamonds to 60 carats in size have been found. Diamonds also have been found at two places near a large, circular structural target in the central part of the Vouka area. Mexivada recently started this exploration program and is continuing it with one field crew based out of our Mayoko office. Mexivada feels that the structural geology of the Vouka area is favorable for the discovery of a large diameter diamondiferous kimberlite pipe.
MADOKA DIAMOND DISCOVERY: Mexivada has discovered diamonds and the possible kimberlite indicator minerals chromite and ilmenite at Madoka, just southeast of Mexivada’s Mayoko field office. The diamonds recovered to date are shown on Mexivada’s website, are 6 to 8 millimetres in diameter and of colorless and greenish to yellow green in color, and two are of good gem quality. Chromite and pinkish purple garnets, possible kimberlite indicator minerals, were found together with the diamonds. The area is faulted, altered, is cut by quartz veins, and gold was recovered in the pan concentrates. Unusual metamorphosed “amphibolites” rocks were found on site (see photo on website) that will be crushed and tested for kimberlite affinities. The possible presence of metamorphosed kimberlite pipes and dikes is being investigated by Mexivada. It is believed that this metamorphism took place at approximately the same time as at the Witwatersrand, South Africa, at 2863- 2881 million years ago, which would make them the world’s oldest known kimberlites. Diamonds also have been found in the “Rand” metasediments, but the original source kimberlites have not been found to date. Mexivada is continuing diamond exploration with high priority at Madoka, given the large size and good quality of the diamonds found to date.
MOUSONDJI DIAMOND DISCOVERY: Two diamonds of approximately 0.5 gram in weight each have been found in the Mousondji river drainage, in the southwestern portion of the Malambani concession. This diamond occurrence, in the western Louesse Horst geologic terrane, will be followed up as time permits.
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 ROC Republic of 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 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/