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Sphere Resources Inc SPHUF

Sphere Resources Inc is engaged in the acquisition and exploration of exploration and evaluation assets in Canada and...


GREY:SPHUF - Post by User

Bullboard Posts
Post by OilGoldon Feb 23, 2012 10:50am
148 Views
Post# 19572912

Now Stop Your Misleading Statements

Now Stop Your Misleading Statements

Here is the press release from MNV

Mexivada cheers neighbour's Au discovery

2012-02-23 10:18 ET - News Release

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

Mr. Richard Redfern reports

GOLD STANDARD DISCOVERS GOLD ON PROPERTY ADJACENT TO MEXIVADA'S POKER FLATS PROPERTY, NEVADA

Mexivada Mining Corp.'s neighbour Gold Standard Ventures Corp. has made new discoveries of high-grade Carlin-style gold mineralization, including a core drilling intercept of 56.4 metres of 4.26 grams per tonne gold from 169.2 metres to 225.6 metres, in its newly reported hole RR11-16 at its Railroad project south of the Rain-Emigrant-Saddle gold mines complex of Newmont and Premier Gold Mines. The Railroad property lies adjacent to the west of Mexivada's Poker Flats gold property. Mexivada has optioned 75% of the Poker Flats property to its partner, Spartan Gold Ltd (SPAG - OTCBB: SPAG). The Poker Flats property also lies due south of Newmont Mining's new Emigrant open pit gold mine, which is now under full-scale construction for open pit heap leach gold processing. Mexivada and Spartan have at least 2 main north-south structural gold targets on the property, extending southward from the Emigrant Mine area. Gold Standard also has explored northwest-southeast trending structural gold zones, including its Railroad Fault, which structure may extend southeastward onto the Poker Flats property. Mexivada and Spartan are now formulating 2012 gold exploration plans for the Poker Flats property. 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 contained in this news release, and evaluated the interpretations contained in this news release. For further information, please visit our web site at www.mexivada.com or contact us by e-mail at info@mexivada.com.

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