Carbon Streaming Corp (OFSTF)

[Dragynn]

News-Mexivada signs LOI for Jefferson Property, Nevada

http://pr-canada.net/index.php?option=com_content&task=view&id=171779&Itemid=59

Posted by marin2008
Sunday, 07 March 2010
GOLD JACKPOT ASSAYS: Mexivada's Gold Jackpot property was sampled by a large third party company who reported to Mexivada that it had taken rock chip samples in the central, higher-grade core area, and had received assays grading up to 16 grams per tonne ("g/t") gold, 258 g/t tellurium, and 147 g/t silver. Mexivada personnel are designing a drilling program with the goal of testing this central core area at Gold Jackpot in 2010.

Gold Jackpot contains widespread and extensive, locally high-grade gold-enriched polymetallic mineralization throughout an area of 2 square kilometres in the central core area and discontinuously over approximately a 6 km length. Gold mineralization is closely associated with tellurium, silver, and lead. A 650 by 150 metre central core area at Gold Jackpot is the locus of the highest grade mineralization, including a Mexivada sample that assayed 4.844 g/t gold, 338.9 g/t tellurium, 239.7 g/t silver, 2.4% lead, 332 g/t copper, and 15 g/t indium. The three samples highest in copper carried 1046, 551, and 522 g/t Cu, suggesting that a "porphyry-style" intrusive could lie at depth in this area.

JEFFERSON PROPERTY, LETTER OF INTENT: Mexivada signed a non-binding Letter of Intent on March 4, 2010 through which Trilogy Mining Corporation could acquire a 90% interest in the Jefferson Property, located 35 kilometres east of the Round Mountain gold mine open pit in Nye County, Nevada, after a 30 day period of "due diligence". Mexivada would reserve a two percent net smelter return royalty, which could be purchased by Trilogy.

Maps showing property geology and mineralization have been posted to Mexivada's website at www.mexivada.com. The Company's President and CEO, Richard R. Redfern, M.Sc. and Certified Professional Geologist, a 'qualified person' for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified the information and evaluated the interpretations contained in this news release.

About Mexivada Mining Corp.
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Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, mining, and joint venturing high-grade Gold-Silver, Tellurium, Diamond, and Rare Metal exploration projects in Mexico, Nevada, and Africa. Mexivada is managed by experienced and successful board members and advisors. For further information, including area maps, sections, and photos, please visit our web site at www.mexivada.com or contact us by e-mail at [e-mail] e-mail address is being protected from spam bots, you need JavaScript enabled to view it .