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Mexivada Begins Exploration of Open Pit Gold Targets at Moussondji Gold Discovery, ROC Congo
Mexivada Begins Exploration of Open Pit Gold Targets at Moussondji Gold Discovery, ROC Congo
PR Newswire
VANCOUVER, June 3
TSX-V: MNV
OTC: MXVDF
Frankfurt: M2Q
VANCOUVER, June 3 /PRNewswire-FirstCall/ - Moussondji Target Area: Mexivada Mining Corp. ("MNV") has begun its summer, dry season program of reconnaissance geologic evaluation and sampling on the 250 square Km Moussondji Prospecting Permit which Mexivada controls in the ROC Congo (Brazzaville). Mexivada's Chief Consulting Geologist and Projects Chief, Prof. Dr. Noel Watha-Ndoudy, is organizing and deploying Mexivada's team of geologists and mining engineers to do a detailed evaluation of potential open pit gold targets that occur in a +3 square Km mining area at Moussondji. Up to 1500 artisanal miners had been mining and recovering gold in late 2008 and early 2009 here, and Dr. Watha-Ndoudy followed up on this news and reported that miners in the area were recovering alluvial gold in stream drainages and gold contained in banded iron formations ("bifs") at the surface. An initial reconnaissance of the area last fall by Mexivada's mining engineer confirmed the artisanal mining work being done, and reported on the northeast trending structural corridor that appears to control the lode gold mineralization. The artisanal miners also worked prospects on hill slopes, suggesting the possible occurrence of disseminated, possibly open pittable gold mineralization. The Moussondji region has never been explored on a modern basis and has never received any exploration drilling.
Mexivada's gold and diamond permits and concessions cover the bulk of the auriferous 120 Km long, 10 Km wide Archean Mayoko Greenstone Belt in the ROC Congo. The new Moussondji gold discovery occurs at a major structural intersection with the northeast trending Moussondji Corridor structural zone, which extends directly on to Mexivada's exclusive Malambani gold and diamonds Permis des Recherches concessions. Scattered diamonds have been found in the area also, but the sources of these stones are not yet known. Mexivada is the first party to have filed for a new Permis des Recherches concession for Moussondji with the ROC government.
Ngouaka - Bambounga Gold-Diamonds Target Area: Mexivada also will resume work on its +7 km long Ngouaka - Bambounga gold-diamonds target area, where a large gold nugget approximately 1 kg in weight and large gem quality diamonds were recovered by the Avoine Company after World War II. Mexivada has geologically delineated a large lode gold target at Ngouaka, which will be evaluated by a magnetometric survey and excavator trenching prior to drilling. It is hypothesized that the large diamonds, reportedly one to 75-100 carats in size, might occur in ENE-trending kimberlitic dikes, subparallel to gold-controlling lode fault structures. Mexivada also will continue to investigate alluvial gold resources present in the area and decide on whether to file an application for a mining permit for this area for an alluvial gold recovery operation to generate cashflow for Mexivada.
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 non-independent 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.
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