GMV Minerals Inc. Commences Induced Polarization Survey at Its Mexican Hat GOLD Property
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV MINERALS INC. COMMENCES INDUCED POLARIZATION
SURVEY AT ITS MEXICAN HAT GOLD PROPERTY
VANCOUVER, BC, December 9, 2019– GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V: GMV)
is pleased to announce that the Company has engaged Zonge International of Tucson, Arizona to conduct an
Induced Polarization Survey (” IP”) over 1.9 km 2 of its 100% controlled Mexican Hat gold deposit located in
SE Arizona.
The survey will cover the prospective epithermal target at Hernandez Hill as well as the eastern portion of the
pit-constrained resource that was subjected to its positive Preliminary Economic Assessment (“PEA”). Both
targets were identified by an AMT survey and will be better refined by this IP survey. This includes specific
drill targets at Hernandez Hill as well as extension of the mineralization beyond the limits defined in the PEA.
IP surveys identify potentially mineralized rocks by mapping conductivity (resistivity) and chargeable (metallic)
mineral distribution in the ground. Hernandez Hill is believed to have excellent potential to host an epithermal
precious metal deposit because of the exposed silicification and very elevated pathfinder elements (Hg, Sb, As,
Au), whereas the Mexican Hat mineralization is structurally-hosted with alteration minerals including hematite,
biotite, chlorite, and carbonate and extensions of this could also be traced using IP techniques.
Mr. Ian Klassen, CEO commented, “I am pleased to report that our recent drill program confirmed expansions
of the mineralization within the P EA resource model . We intend to establish the limits of mineralization
beyond the current pit model and in other areas of the property. Our recent drilling has extended the higher-
grade mineralization down-dip of the pit, and suggest a shallower dip to the zone in this area (MHRC19 -01,
3m grading 1.216 gpt gold, see NR Sept 10, 2019). This survey may open up substantial areas for drill-testing
south of the pit.”
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, A rizona, 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.
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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 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 from those reflected in the forward -looking statements. The Co mpany disclaims any intention or
obligation to revise or update such statements except as may be required by law.