Last Updated : 14 October 2009 at 14:00 IST

Mexivada resume gold-diamond search at Ngouaka

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BRAZZAVILLE, ROC, CONGO (Commodity Online) Mexivada Mining Corp (TSX-V:MNV, OTC:MXVDF, Frankfurt: M2Q) has resumed exploration at its Ngouaka lode and alluvial gold-diamonds target area and at its Lepandza diamond area, under the direction and supervision of Prof. Dr. Noel Watha Ndoudy of Brazzaville. Both areas are on Mexivada's 100% controlled Malambani Permis des Recherches exclusive concessions near our modern field office at Mayoko. Both areas lie within the little-explored, 120 kilometer ("km") long Mayoko greenstone belt and have good 12 month road access.

More than 1 tonne of alluvial gold and some diamonds, including a white 75-100 carat gem octahedron, were mined here before 1962 by the Avoine Company. The large diamond was found within the regional zone of disseminated gold and strong gold-quartz veining, very close to where the famous "Ambassadeur" 1 kilogram gold-(quartz) vein-slab "nugget" also was mined by Avoine. Mexivada feels that it is likely that the large diamond came from a hidden kimberlite dike zone occurring within or parallel to the gold zone at Ngouaka-Bambougna. Mexivada has started a new 2009-2010 exploration program to better define the 7 Km long gold zone and to simultaneously search for the interpreted, hidden, diamondiferous kimberlite(s).

Mexivada also will start definition of alluvial gold resources at Ngouaka-Bangadi to determine the feasibility of starting up a small-scale alluvial gold production operation. Pan concentrate values to 8.8 grams per cubic metre of gold were sampled at Ngouaka in 2008, and a company ("Quantum") earlier studied the feasibility of starting an alluvial gold mine nearby at Bangadi.

Diamond reconnaissance also will continue in ther Lepandza target area, where white diamonds to 10 mm in size have been recovered in the past. Colored diamonds, including gemmy bluish-greens, occur throughout this target area. Mexivada purchased a 1 carat white diamond last year from a Lepandza prospector who recovered this stone close to where a diamond indicator G-10 garnet was recovered by our staff. Mexivada feels that Malambani holds excellent potential for discovery of an economic gold mine, and perhaps also for diamondiferous kimberlites, accoridng to a press release. (Courtesy: PRNewswire)