GMV Minerals Inc. Announces Discovery of a New GOLD Target 900 Meters South of the Mexican Hat Deposit at Little Hat Mountain
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV MINERALS INC. ANNOUNCES DISCOVERY OF A
NEW GOLD TARGET 900 METERS SOUTH OF THE MEXICAN HAT DEPOSIT AT
LITTLE HAT MOUNTAIN
VANCOUVER, BC, August 12, 2019 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V: GMV)
is pleased to announce that the Company has identified a prospective geophysical and geochemical target on
its 100% controlled Mexican Hat Gold property located in Cochise County, SE Arizona.
A program collecting 129 new soil samples focusing on the Little Hat Mountain area, where a recent
interpretation of the ground magnetic survey identified a near surface anomaly , was determined to be similar
to the magnetic anomaly at the Mexican Hat Deposit and is within 200 m of surface (see NR July 4, 2019).
Soils at Little Hat Mountain are highly anomalous in gold, antimony, tellurium, and arsenic and significantly
elevated in other pathfinder elements . This is geochemically similar to the Mexican Ha t Deposit located 900
m to the north. Dr. Webb, Ph.D., P. Geol., P.Eng. acting Project Manager states “The distribution of these
anomalies, show the peak of Little Hat Mountain to be characterized by silver, mercury, tellurium, selenium,
and bismuth anomalies up to 5.5 times background values, with gold, arsenic, and antimony anomalies up 100
times background values occurring at lower elevations, manteling Little Hat Mountain. See maps presented at
https://www.gmvminerals.com/projects/maps-sections/ This distribution suggests mineral zoning,
characteristic of many epithermal deposits.”
Mr. Ian Klassen, President, remarked “We are very pleased to be able to support the geophysical interpretation
at Little Hat with very encouraging soil geochemistry. The proximity of Little Hat Mountain, its similar geology
and now geophysics and geochemistry to our expanding mineral resource 900 m to the north at Mexican Hat
is very promising. GMV is planning to drill test this target”.
Dr. D.R. Webb, Ph.D., P.Geo., P.Eng. is the Q.P. for this release within the meaning of NI 43 -101 and has
reviewed the technical content of this release and has approved its content.
About GMV Minerals Inc.
GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona.
GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as
the Mexican Hat project, located in Cochise County, Arizona, USA. The project was initially explored by Placer
Dome (USA) in the late 1980’s to early 1990’s. GMV is focused on developing the asset and realizing the full mineral
potential of the property through near term gold production. The Company recently updated its inferred mineral
resource to 32,876,000 tonnes grading 0.616 g/t gold at a 0.2 g/t cut-off, containing 651,000 ounces of gold.
ON BEHALF OF THE BOARD OF DIRECTORS
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Ian Klassen, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information please contact:
GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: [email protected]
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES —
This news release may contain forwar d-looking statements based on assumptions and judgments of management of the Company
regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events
or results to differ materially fro m those reflected in the forward -looking statements. The Company disclaims any intention or
obligation to revise or update such statements except as may be required by law.