GMV Minerals Inc. Announces Multiple Broad Domains Intercepted Including 30.5 Metres Grading 1.47 Gpt GOLD and 45.7 Meters Grading 0.61 Gpt GOLD
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV MINERALS INC. ANNOUNCES MULTIPLE BROAD DOMAINS
INTERCEPTED INCLUDING 30.5 METRES GRADING 1.47 GPT GOLD
AND 45.7 METERS GRADING 0.61 GPT GOLD
VANCOUVER, BC, SEPTEMBER 10, 2019– GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V:
GMV) is pleased to announce that the Company has received the final assays from its recent eleven hole drill
program at its 100% controlled Mexican Hat gold deposit located in SE Arizona.
The 2019 spring drill program focused specifically on drill testing areas within the pit model produced by IMC
(Independent Mining Consultants, Inc.) in the autumn of 2018. Due to the absence of drill holes in certain
areas of the proposed pit, these areas were classified as waste tonnage and GMV management determined that
this assumption should be tested. Please see the chart below.
Mr. Ian Klassen, CEO commented, “I am pleased to report that our recent drill program designed to test certain
waste areas within the proposed pit has been a success. For example, we are delighted that a step out drill hole
in this program (MHRC19 -01) was successful in confirm ing economically significant mineralization in the
second pit located to the southeast. Currently, the GMV exploration team is assessing future drill targets which
will be designed to increase the conceived pit life by several years of production”.
The Mexican Hat economic model published December 19, 2018 uses a 0.2 GPT gold cutoff.
Hole From (m) To (m) Intercept (m) Gold (gpt)
MHRC 19-5 0.0 3.0 3.0 0.35
MHRC 19-5 67.1 73.2 6.1 0.30
MHRC 19-5 88.4 103.6 15.2 0.61
MHRC 19-5 109.7 112.8 3.0 0.31
MHRC 19-5 125.0 128.0 3.0 0.31
MHRC 19-5 158.5 161.5 3.0 0.27
MHRC 19-5 176.8 179.8 3.0 3.09
MHRC 19-5 189.0 192.0 3.0 0.74
MHRC 19-5 216.4 219.5 3.0 0.28
MHRC 19-5 240.8 262.1 21.3 0.42
MHRC 19-6 0.0 12.2 12.2 0.51
MHRC 19-6 57.9 61.0 3.0 1.00
MHRC 19-6 88.4 97.5 9.1 0.61
MHRC 19-6 103.6 128.0 24.4 0.85
MHRC 19-6 134.1 152.4 18.3 0.33
MHRC 19-6 176.8 222.5 45.7 0.61
- 2 -
MHRC 19-6 268.2 271.3 3.0 1.00
MHRC 19-6 298.7 300.2 1.5 0.24
MHRC 19-9 158.5 164.6 6.1 0.44
MHRC 19-9 176.8 182.9 6.1 0.44
MHRC 19-9 204.2 253.0 48.8 0.42
MHRC 19-9 274.3 277.4 3.0 0.28
MHRC 19-9 280.4 283.5 3.0 0.23
MHRC 19-9 301.8 304.8 3.0 0.75
MHRC 19-10 18.3 24.4 6.1 0.51
MHRC 19-10 33.5 64.0 30.5 1.47
MHRC 19-10 115.8 134.1 18.3 0.30
MHRC 19-10 176.8 179.8 3.0 0.25
MHRC 19-11 0.0 3.0 3.0 0.27
MHRC 19-11 9.1 15.2 6.1 0.49
MHRC 19-11 51.8 54.9 3.0 0.20
MHRC 19-11 70.1 79.2 9.1 0.85
MHRC 19-11 121.9 137.2 15.2 0.88
MHRC 19-11 149.4 155.4 6.1 0.29
The drill results of the first five holes had been previously reported are tabled below.
Hole From (m) To (m) Intercept (m) Gold (gpt)
MHRC 19-1 67 70 3 1.216
MHRC 19-2 61 67 6 0.672
MHRC 19-3 192 195 3 0.265
MHRC 19-3 314 320 6 0.323
MHRC 19-4 119 128 9 0.816
MHRC 19-4 171 177 6 1.163
MHRC 19-4 207 219 12 1.187
MHRC 19-4 235 238 3 0.605
MHRC 19-8 73 82 9 0.650
MHRC 19-8 88 101 12 0.318
MHRC 19-8 104 107 3 0.217
MHRC 19-8 192 195 3 0.326
MHRC 19-8 201 219 18 1.237
MHRC 19-8 235 250 15 0.323
MHRC 19-8 256 259 3 0.330
Drill hole details are shown below.
HOLE_ID LOCATIONX LOCATIONY LOCATIONZ LENGTH AZIMUTH DIP
MHRC 19-1 613,637.00 3,518,706.00 1,412.20 230 200 -70
MHRC 19-2 613,252.00 3,519,288.00 1,427.50 350 180 -60
MHRC 19-3 612,780.40 3,519,479.30 1,524.00 350 140 -70
MHRC 19-4 612,780.40 3,519,476.00 1,524.00 350 200 -70
MHRC 19-5 613,000.00 3,519,361.00 1,458.80 350 180 -60
MHRC 19-6 612,879.10 3,519,268.20 1,515.60 300 290 -75
MHRC 19-7 613,386.00 3,519,004.00 1,450.20 250 170 -55
- 3 -
MHRC 19-8 613,019.00 3,519,202.00 1,456.70 300 200 -88
MHRC 19-9 612,773.00 3,519,423.00 1,533.80 320 150 -65
MHRC 19-10 612,837.00 3,519,129.00 1,522.30 200 220 -70
MHRC 19-11 612,837.00 3,519,129.00 1,522.30 250 170 -75
RC samples were collected using a rotary splitter at the drill, bagged, dried, and shipped by commercial carrier
to Inspectorate America Corporation Laboratories in Sparks, Nevada. Certified standards and blanks were
inserted into the sample stream prior to shipping, and laboratories standards, blanks and duplicates were
analyzed and reported. Samples were prepared using PRP70 -250 and analyzed using FA330 (fire assay) and
AQ251 (ICP) methods. All gold values are reported from the FA330 results. All standards and duplicates
reported acceptable results.
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 throug h 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
________________________________________
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 forward -looking statements based o n 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 from those reflected in the for ward-looking statements. The Company disclaims any intention or
obligation to revise or update such statements except as may be required by law.