SGX-v sugarloaf neighbour... MNV-v has already discovered a previously unknown porphyry molybdenum-rhenium-gold-silver system at its 100-per-cent owned Moly Dome property, in the first drill hole of its Phase 1 exploration program AND staked 70 additional new mining claims to protect its porphyry target areas at Moly Dome.  Drilling now completed. 

P.S. "Molybdenite mineralization was noted in all three drill holes however no conclusions can be drawn as to the nature or extent of such mineralization prior to the receipt of assays."

P.P.S. MNV-v also recently adopted poision pill

Results to watch for. 

red911

Mexivada finishes drilling at Moly Dome

 

2007-12-18 14:21 ET - News Release
Mr. Richard Redfern reports

MEXIVADA COMPLETES DRILLING AT MOLY DOME; PROJECTS UPDATE

Mexivada Mining Corp. 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 company's field office in Owyhee, Nev. 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 three 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, Yecora district, Mexico

Mexivada Mining has completed seven of 10 planned holes at its La Republica silver property. Drilling is scheduled to resume on Jan. 8, 2008. The company is still awaiting assay results.

Mayoko gold and diamonds projects, Republic of Congo

Mexivada continues its steady program of detailed geologic and sampling evaluation of the eight-by-23-plus-kilometre-long Mayoko greenstone belt, focusing on the 10-kilometre-long Bingoumi-Lemagna sector of the northern gold belt, where lode gold occurrences have been found by tracing placer gold leads upstream to their source rocks in this prospective area. Bingoumi is the most favourable sector found to date, where gold mineralization to seven 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 Jan. 3, 2008. Data from Mexivada's 2007 field research program in the ROC for gold and diamonds are 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-VTEM survey for both gold and diamonds is being planned for the 2008 summer field season.

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.

We seek Safe Harbor.