Thu Nov 15, 2012
Mexivada Drills 3.8 M Of 12.82 G/T Gold At Roger Property, Matheson, Ontario- Update Report


  Vancouver, BC, November 15, 2012 - Mexivada Mining Corp. (TSX-V: MNV) ("Mexivada" or the "company") is pleased to report additional significant results from screen fire gold assaying of core from hole R12-1, drilled in September 2012 from its Roger property, located near Brigus Gold's Black Fox and 147 Zone gold deposits near Matheson, Ontario.

The core from hole R12-4 also now has been logged, revealing at least 2 zones of significant quartz-pyrite veining and associated alteration nearby, most prominent between 279 and 295 m core length. The most highly mineralized core from Hole R12-4 has been sawed and sent off for rush assaying. New drill maps have been posted to Mexivada's website

The uncut assay results from the drill hole are summarized below:

     
Interval
50g FA
ScreenFire Au
Comments
 
From
To
 
uncut
Gold
 
Hole_ID      
(m)
(m)
(m)
g/t Au
g/t Au
 
R12-1
303.5
304.6
1.1
0.05
0.05
 
 
304.6
305.6
1.0
10.4
13.05
 
 
305.6
306.6
1.0
0.068
0.07
Visibly mineralized
 
306.6
307.6
1.0
11.0
14.75
 
 
307.6
308.4
0.8
0.207
23.5
3.8m @12.82 g/t
 
308.4
309.4
1.0
0.09
<0.05
 
 
309.4
310.4
1.0
0.124
<0.05
 
 
310.4
310.9
0.5
Not run
0.48
Visibly highlymineralized
 
310.9
311.9
1.0
0.006
0.055
 


The Roger property is located 400 metres southwest and 750 metres south of Brigus Gold's 147 and Gibson gold zones, respectively. The Roger property also is adjoined on the east side by property controlled by St. Andrew Goldfields Ltd., which appears to contain a southern extension of the 147 Zone. The Roger project is being managed on-site by Mexivada's geologist, Kimberley Norman, P.Geo. Mexivada has the option to earn up to 60% working interest in the Roger property from Romios Gold Resources Inc. (see Press Release dated January 11, 2012).

The Company's President and CEO, Richard R. Redfern, M.Sc., a Certified professional Geologist and 'qualified person' for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.

About Mexivada Mining Corp.

Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, drilling, and joint venturing high-grade Gold-Silver and Rare Metal exploration projects in Nevada, Canada, and Mexico. Mexivada is managed by experienced and successful board members and advisors. For further information, with maps and sections for Mexivada's properties, please visit our web site at www.mexivada.com or contact us by e-mail at [email protected].