Since 2005, Mexivada Mining Corporation has built a genuine name for itself on the international precious minerals scene as a junior exploration and mining company. It boasts a wealth of expertise in its highly-experienced team of engineers and geologists who have helped the company succeed in securing prospects in Africa, Mexico and Nevada. Mexivada specializes in gold-silver, uranium, molybdenum, diamonds, and, the extremely rare (one of the nine rarest metallic elements) tellurium. In a recent interview with Mexivada’s President and CEO Richard Redfern, Metalsnews.com was afforded the opportunity to glimpse the inner workings of this fascinating precious metals player.

Redfern, a certified professional geologist, received his master’s degree in the late ‘70s from UCLA. After an extensive career with Barrick Gold Corporation, Homestake Mining, as well as three other juniors, Redfern decided it was time to strike out on his own. “At a particular point in time some financial newsletter writers familiar with my experience approached me and asked if they were to give me a certain amount of money, would I be willing to start a public corporation. I said, “Yes, that would be a good thing to do.”

Most of Mexivada Mining Corp.'s projects are located in Nevada, which is home to numerous world-class gold, silver, and molybdenum deposits. Nevada also is the site of many recent world-class gold discoveries. According to the Nevada Bureau of Mines and Geology, Nevada mines produced 7.318 million ounces of gold in 2003, making it the world's largest gold producer behind South Africa and Australia. The "Silver State" also led the United States in silver production with 10.246 million ounces produced in 2003.

Enter Mexivada. A few years leading up to this moment, Redfern invested his time and resources into prospecting around Nevada, picking up significant gold properties. Along with a resource in Mexico he discovered with Barrick that turned out to be too a couple million ounces of gold too short for them, Redfern included a couple of the stateside properties into his new company. After the initial launch of Mexivada he capitalized upon some consultation work he’d done for Mandela-Dlamini consortium in South Africa in order to locate a source of gold, diamonds and oil there. “With them I found an area in the Congo-Brazzaville that had a very interesting gold and diamond belt. So we went back in, and sure enough, it was still open. And it’s still open after ten years. Immediately we acquired the concessions for Mexivada and started work there.” Constantly searching for new opportunities, Mexivada just recently acquired the leases on two mining areas in a rather tranquil and cooperative Sierra Leone, a place whose reputation was thought to be sullied by a recent Hollywood blockbuster.

Mexivada is actively searching for Joint Venture partners for all of its Mexico properties, and is in discussions with certain parties. Please contact us if your company would like to JV any of our properties.

It all sounds so effortless hearing Redfern explain the mechanics of a proven formula for raising a company from the ground up into a tough contender in the international mining arena. “We’ve raised over $6.5 million in cash to conduct our exploration operations with the business plan being: find good properties with potential for very large gold deposits that would be of interest to major companies, like Barrick Gold Corporation and Newmont Mining Corporation, do the initial groundwork to get them up to a stage where they’re ready for drilling, perhaps include a bit of initial drilling. And then joint venture them to larger companies that would have an engineering staff and talent to be able to take them to a mining level that’s so warranted by the growth results.”

The last bit of strategy is crucial in the preservation of a company where a chess match is constantly being played between the junior, full of ambition, and a market that is not always predictable. Redfern is careful to add that very shortly Mexivada will initiate small scale production of diamonds and gold with the goal of providing additional cash flow to their small microcap stock. What started off trading at $.50, and eventually rose as high as $1.19, has now sloughed off slightly under the heat from the recent market meltdown to around $0.18 a share. “In order to kind of maintain the company, I felt we needed to have a cash flow alternative, where a lot of junior companies won’t,” explains Redfern. “If they can’t raise money they go out of business, so this at least will give us a way that we can perhaps make a profit while we’re following through with our exploration.”

From Mexivada’s website detailing their new business model of small-scale mining for optimum cash-flow:

“Mexivada explores for and acquires mineral properties that show potential to yield economically mineable, high grade deposits of precious and rare metals and diamonds. The company's principal focus is on finding properties with the geologic potential for "world class" deposits of 3- to 5,000,000 ounces of Gold or $1 billion of Diamonds, such as our African gold and diamond projects. Recently Mexivada changed its business plan to include the rapid development of small-scale mining projects for gold, diamonds, and rare metal deposits, where rapid cash flow may be earned to accelerate our exploration programs.

The company is evaluating several fast-track small-scale mining opportunities around the world, in business-friendly environments, and will start diamond mining in late December or January in the world-famous Kono mining district in Sierra Leone.”

At the news that Mexivada had approximately $300,000 left in cash, Redfern immediately took off on a financing trip to brokerage firms in Montreal, Toronto and Calgary, and took along with him a top advisor sporting a ton of experience and even more in contacts. Companies looking to diversify their portfolios were more than pleased to get the chance to encounter Redfern and the raw data on Mexivada’s eleven projects, especially in light of the recent rise in gold prices. “We have quite a number of properties within our company, so naturally we experienced a very good reception from a number of companies on our trip to Canada. We found a potential diamond partnership with another company, which I can’t elaborate on yet until we do a deal that would be support for our operations in Sierra Leone. So I think we’ll be one of the prosperous survivors in the microcap junior sector.”

To an investor, this news rings of promise, despite what may seem like a rickety market. For Mexivada though, there are numerous other factors inherent in their grand design that only strengthen the profile of the company’s global sustainability. Redfern’s confidence in Mexivada’s strongest asset, management, is tops on his quick list of reasons he volunteers toward the company’s success in this current climate. “We have excellent management,” he expounds. “We are pretty much all qualified persons under 43-101 rules. We’re professional geologists and engineers. We have John Ellis with us, who is one of Canada’s mining superstars, a metallurgical engineer; Larry Kornze, my former boss at Barrick, is one of the world’s top geologists. Allen Ambrose is president of Minera Andes. Our CFO, Stuart Rogers, in addition, is the president of a few different companies, is also a genius financier, is very accounting savvy and takes care of all the books.”

In addition to this, Redfern touts the attractiveness of a company that benefits from an abundance of properties with remarkable potential, the potential to yield large gold deposits or joint venture with the prospect of large mines in the future. To have the ability to collaborate professionally on a project entails the capability for a company such as Mexivada to hold its own and garner the respect it deserves for upholding tenets that are prized in business. Redfern concurs with the future investor’s sentiment when approaching the span of Mexivada’s prowess:

“You want to invest in companies whose stock has the potential to go up dramatically. The ideal is to get what’s known in investment slang as ten-baggers, or at least double your money. And since I feel we have more assets than most any of the microcap stocks in the universe, and we have potential for very large mines on our property, I think we have the capacity to go up substantially with our stock price paper, which is what an investor wants on the bottom line.”

For more information visit http://www.mexivada.com/

Corporate Head Office: Mexivada Mining Corp.

Address:

1400 - 400 Burrard Street, 14th Floor
Vancouver, BC
Canada V6C 3G2

Telephone: (604) 689-1749

Fax: (604) 643-1789