GMV Minerals Inc. Announces Resumption of Drilling at its Mexican Hat Gold Project
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV Minerals Inc. Announces
Resumption of Drilling at its Mexican Hat Gold Project
VANCOUVER, BC, July 12, 2017 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V: GMV) is pleased
to announce that its reverse circulation (RC) drill program is now underway at its Mexican Hat G old property in S.E.
Arizona.
The Company’s fourteen -hole RC program is specifically designed to expand mineral resources to the south and to
the east of the existing Mexican Hat gold resource. This phase is a continuation of three holes completed a few weeks
ago. Two of these holes identified mineralization to the west and to a maximum depth of 120m. One hole tested the
northeastern extent to depth. The core drilling encountered multiple intercepts (eight) above our cut -off grade (0.20
gpt) with the eastern most hole intersecting good gold grades to the end of the hole at 354 meters total depth .
Significant intersections included (MHC 17 -6) 6.9m grading 0.48 gpt gold and (MHC 17 -8) 5.0m grading 0.78 gpt
gold.
Mr. Ian Klassen, President of GMV, commented “It is highly encouraging as we continue to intersect good grades
and widths outside of the established resource in all three of the most recent core holes completed. Moreover, it is
significant that MHC 17 -8, our northeastern drill hole en countered good grades and widths to its deepest extent
(354m), which is 72m below the deepest Mineral Resource in this area, and the western holes encountered two new
zones north of our northern-most resource blocks. These two new targets will be followed up to assess whether these
intersections correlate with intersections noted on surface and in other drill holes.”
The current drill program will consist of step -out drill holes and test along strike of the known mineralization, as well
as to the southeast where our last drill program identified significant gold mineralization {67.1m grading 0.64 gpt gold
as part of a larger interval of 106.7m reporting 0.44 gpt gold (GMV 2016 -11) from the southeastern most testing of
the 120 0 striking H2 Zone} . The most common trend to the mineralization strikes 60 0 (+/-) for at least five zones
with an additional four zones potentially occurring to the east. This program will target up to six holes in t his area
and will test down to a depth of 300m to explore mineralization below historical drilling of 200m from surface.
In addition, the Company reports that it has c ommissioned Cooper Aerial Surveys Co. to complete a detailed
topographic and othophotographic survey over the expanded property in preparation of a comprehensive exploration
program and for the preparation of base maps for engineering work required for a Mining Plan of Operation.
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 p recious 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 Mexican Hat property contains an Inferred
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Mineral Resource of 23,452,000 tonnes grading 0.70 grams of gold per tonne hosting 531,400 troy ounces of gold.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that te rm 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]
This news release may contain forward -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 res ults to differ materially
from 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.